United Kingdom (UK) Furniture and Floorcoverings Market Size, Trends, Consumer Attitudes and Key Players, 2021-2026 report offers comprehensive insight and analysis of the furniture & floorcoverings market, the major players, key trends, and consumer attitudes. It provides in-depth analysis of the hot issues impacting the market (such as the financial crisis, inflation), strategies for success, market sizes from 2016 and forecasts to 2026, retailer profiles and market shares, and consumer shopping behaviour. Consumer data is based on our 2022 UK How Britain Shops survey, using a panel of 10,000 nationally representative consumers.
The combined furniture & floorcoverings market is set to experience its sharpest decline outside of the pandemic since 2012 as the cost-of-living crisis clamps down on consumer spend. As essential items such as food, utilities and petrol became more expensive, shoppers shifted spend from discretionary areas to more essential purchases. This has impacted furniture retailers hard with DFS, ScS and Wickes seeing demand for furniture cool for periods since April. Shoppers with more discretionary money prioritised leisure and experiences that had been deferred during the pandemic. Inflationary pressures have intensified further, reaching 8.8% in September 2022 with double-digit price rises in food.
The combined furniture & floorcoverings market is set to experience its sharpest decline outside of the pandemic since 2012 as the cost-of-living crisis clamps down on consumer spend. As essential items such as food, utilities and petrol became more expensive, shoppers shifted spend from discretionary areas to more essential purchases. This has impacted furniture retailers hard with DFS, ScS and Wickes seeing demand for furniture cool for periods since April. Shoppers with more discretionary money prioritised leisure and experiences that had been deferred during the pandemic. Inflationary pressures have intensified further, reaching 8.8% in September 2022 with double-digit price rises in food.
Scope
- Furniture and Floorcoverings market to decline in 2022 as consumers cut back discretionary spend
- The main winners in furniture and floorcoverings will include IKEA, Dreams, DFS, Carpetright and Tapi which all benefitted from going against a lockdown comparative in Q1 2022.
- Quality of products continues to rank the highest among consumers, with 91% of people rating it above seven out of ten in importance.
Reasons to Buy
- Using our five year forecasts to 2026, learn which subcategories in the Furniture & Floorcoverings market will be the fastest performing to enable focus and investment in these winning product areas.
- Understand how drivers of Furniture & floorcoverings purchases, such as range, price and quality, vary in importance among different demographics in order to maximise sales potential.
- Use our in-depth analysis of the challenges faced by key retailers in the sector in order to understand how to steal shoppers and market share.
Table of Contents
- Executive summary
- Furniture and Floorcoverings market to declined in 2022 as consumers cut back discretionary spend
- Prospects for 2023 remain bleak for the sector
- The pureplays are set to struggle as the market normalises out
- Focusing on design is key to encourage shoppers to buy
- KEY TRENDS
- Market drivers
- Market inhibitors
- Key Trends: Supply chain disruption
- Key Trends: Collapse of the pureplays
- Key Trends: Greater focus on design
- Key Trends: Made.com collapses into administration
- Key Trends: Sustainability
- Key Trends: More emphasis on fitters in flooring
- Strategies for success
- MARKET SIZE AND FORECASTS
- Five year growth 2016-2026
- Market size, 2016-2026
- Market sources of growth, 2016-2026
- CATEGORY PERFORMANCE AND FORECASTS
- Key category trends
- Furniture categories
- Market by category %, 2016-2026
- Category segment value and forecast, 2021 & 2026
- CATEGORY PERFORMANCE AND FORECASTS
- Key category trends
- Floorcoverings categories
- Market by category %, 2016-2026
- Category segment value and forecast, 2021 & 2026
- CHANNEL PERFORMANCE AND FORECASTS
- Online market, 2016-2026
- Channel growth, 2016-2026
- Market by channel, 2021 and 2026
- Channel value and forecast, 2021 and 2026
- REVENUE AND MARKET SHARES OF TOP 10 PLAYERS
- Market shares of the top 10 retailers
- Top 10 most visited and purchased from retailers for Furniture & Floorcoverings, 2022
- Furniture & Floorcoverings competitor overlap, 2022
- COMPETITIVE LANDSCAPE: PROFILES OF LEADING PLAYERS
- IKEA
- DFS
- Argos
- Wren
- B&Q
- Carpetright
- RETAILERS TO WATCH
- CONSUMERS
- Key consumer trends
- Furniture & Floorcoverings penetration and profile
- Furniture & Floorcoverings category penetration
- Furniture & Floorcoverings channel usage
- Fulfilment methods
- Furniture & Floorcoverings purchase frequency
- Furniture & Floorcoverings consumer drivers
- METHODOLOGY, DEFINITIONS AND CONTACTS
- UK Furniture Category Segment Value and Forecast, 2021 & 2026?
- UK Floorcoverings Category Segment Value and Forecast, 2021 & 2026?
- UK Furniture Channel Value & Forecast, 2021 & 2026
- UK Floorcoverings Channel Value & Forecast, 2021 & 2026
- Top 10 UK Furniture & Floorcoverings Retailers, 2022
- UK Furniture & Floorcoverings Competitor Overlap, 2022
- UK Furniture & Floorcoverings Category Penetration by Demographic, 2022
- UK Furniture & Floorcoverings Channel Usage by Demographic, 2022
- UK Furniture & Floorcoverings Fulfilment Methods, 2022
- UK Furniture & Floorcoverings Consumer Drivers, 2022
- UK Furniture & Floorcoverings Market GBP m, 2016, 2021, 2026 & CAGR %
- UK Furniture Market Value GBP bn, 2016-2026
- UK Furniture Market Annual Growth %, 2016-26
- UK Furniture Market Sources of Growth, 2016-2026
- UK Floorcoverings Market Value GBP bn, 2016-2026
- UK Floorcoverings Market Annual Growth %, 2016-26
- UK Floorcoverings Market Sources of Growth, 2016-2026
- UK Furniture Categories by Value GBP bn, 2021 & 2026?
- UK Furniture Categories by Value Growth %, CAGR, 2020-2025
- UK Furniture Market by Category %, 2016-2026
- UK Floorcoverings Categories by Value GBP bn, 2021 & 2026?
- UK Floorcoverings Categories by Value Growth %, CAGR, 2020-2025
- UK Floorcoverings Market by Category %, 2016-2026
- UK Furniture & Floorcoverings Online Market Size GBP bn and Online Penetration %, 2016-2026
- UK Furniture & Floorcoverings Channel Growth, 2016-2026
- UK Furniture Market by Channel, 2021 & 2026
- UK Floorcoverings Market by Channel, 2021 & 2026
- Market Shares of Top 10 UK Furniture Retailers, 2021-2022e
- Market Shares of Top 10 UK Floorcoverings Retailers, 2021-2022e
- Top 10 Most Visited Retailers for Furniture & Floorcoverings %, 2022
- Top 10 Most Purchased from Retailers for Furniture & Floorcoverings %, 2022
- IKEA's UK Furniture market share % 2016-2022
- IKEA's UK Floorcoverings market share % 2016-2022
- IKEA's UK Furniture & Floorcoverings Penetration %, 2022
- DFS' UK Furniture market share % 2016-2022
- DFS' UK Furniture & Floorcoverings Penetration %, 2022
- Argos' UK Furniture market share % 2016-2022
- Argos' UK Floorcoverings market share % 2016-2022
- Argos' UK Furniture & Floorcoverings Penetration %, 2022
- Wren's UK Furniture market share % 2016-2022
- Wren's UK Furniture & Floorcoverings Penetration %, 2022
- B&Q's UK Furniture market share % 2016-2022
- B&Q's UK Floorcoverings market share % 2016-2022
- B&Q's UK Furniture & Floorcoverings Penetration %, 2022
- Carpetright's UK Floorcoverings market share % 2016-2022
- Carpetright's UK Furniture market share % 2016-2022
- Carpetright's UK Furniture & Floorcoverings Penetration %, 2022
- UK Furniture & Floorcoverings Penetration %, 2022
- UK Furniture & Floorcoverings Profile %, 2022
- UK Furniture & Floorcoverings Penetration %, 2022
- UK Furniture & Floorcoverings Channel Usage %, 2022
- UK Furniture & Floorcoverings Fulfilment Methods %, 2022
- UK Furniture & Floorcoverings Purchase Frequency, 2022
- UK Furniture & Floorcoverings Consumer Drivers %, 2022
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- IKEA
- Dreams
- DFS
- Carpetright
- Tapi
- Eve Sleep
- Made.com
- ScS
- Wayfair
- Bensons for Beds
- Swoon
- Next
- Loaf
- Emma Mattress
- Swyft
- Sofology
- Oak Furniture Land
- Dunelm
- Ecologi
- Aryza
- Wickes
- Wren
- Argos
- B&Q
- Furniture Village
- John Lewis & Partners
- United Carpets
- Flooring Superstore
- UK Flooring Direct
- The Range
- Wilko
- B&M
- Amazon
