The UK Furniture & Floorcoverings report offers a comprehensive insight into the furniture & floorcoverings market in the UK, analysing the sector, the major players, the main trends, and consumer attitudes, as well as providing market forecasts out to 2027.
The cost of living crisis, which has forced shoppers to be more considered with their spending, especially on big ticket purchases, has severely impacted the furniture & floorcoverings market which is due to fall by 1.2% in 2023. As real wages declined during the first half of 2023 and consumer confidence remained suppressed, shoppers prioritised their spending elsewhere, with furniture & floorcoverings being in the bottom two for spending intentions in the publisher's Consumer Sentiment Tracker throughout 2023.
The cost of living crisis, which has forced shoppers to be more considered with their spending, especially on big ticket purchases, has severely impacted the furniture & floorcoverings market which is due to fall by 1.2% in 2023. As real wages declined during the first half of 2023 and consumer confidence remained suppressed, shoppers prioritised their spending elsewhere, with furniture & floorcoverings being in the bottom two for spending intentions in the publisher's Consumer Sentiment Tracker throughout 2023.
Scope
- The furniture market is forecast to decline by 0.9% in 2023 as consumers deprioritise furniture purchases
- IKEA gained the most furniture market share, whilst DFS saw the largest fall in market share amongst the top 10 players
- Rugs and mats are expected see amongst the highest rates of growth in the floorcoverings sector
Reasons to Buy
- Using our five year forecasts to 2027, learn which areas of the furniture & flooroverings market will be the fastest performing to enable focus and investment in these winning product areas.
- Understand how drivers of furniture & flooroverings purchases, such as range, price and quality, vary in importance among different demographics to maximise sales potential.
- Use our in-depth analysis and forecasts to understand current trends in furniture & flooroverings subcategories, such as upholstery, carpet, and tiles
Table of Contents
- Summary
- Furniture & floorcoverings is set to be the worst performing retail sector in 2023, declining by 1.2%
- IKEA continues to forge ahead while DFS takes a back seat
- The current economic climate has changed consumer behaviour significantly
- KEY TRENDS
- Market drivers
- Market inhibitors
- Key Trends: Secondhand furniture
- Key Trends: Online pureplays continue to struggle
- Key Trends: Sepecialists expanding their offers
- Key Trends: Concessions for flooring specialists
- Key Trends: Distribution and logistics
- Strategies for success
- MARKET SIZE AND FORECASTS
- Five year growth 2017-2027
- Market size, 2017-2027
- CATEGORY PERFORMANCE AND FORECASTS
- Key category trends
- Top furniture & floorcoverings categories
- Market by category %, 2017-2027
- Category segment value and forecast, 2021 & 2026
- CHANNEL PERFORMANCE AND FORECASTS
- Online market, 2017-2027
- Channel growth, 2017-2027
- Market by channel, 2021 and 2026
- Channel value and forecast, 2021 and 2026
- REVENUE AND MARKET SHARES OF TOP 10 PLAYERS
- Top 10 furniture & floorcoverings retailers, 2021-2023e
- Top 20 most visited and purchased from retailers for furniture & floorcoverings, 2023
- Furniture & floorcoverings competitor overlap, 2023
- COMPETITIVE LANDSCAPE: PROFILES OF LEADING PLAYERS
- IKEA
- DFS
- Wren
- ScS
- Bensons for Beds
- Carpetright
- Retailers to watch
- CONSUMERS
- Key consumer trends
- Furniture and floorcoverings penetration and profile
- Furniture category penetration
- Floorcoverings category penetration
- Furniture & floorcoverings channel usage
- Furniture & floorcoverings fulfilment methods
- Furniture & floorcoverings purchase frequency
- Furniture & floorcoverings consumer drivers
- Changes to shopping habits
- METHODOLOGY, DEFINITIONS AND CONTACTS
- UK floorcoverings category segment value and forecast, 2022 & 2027
- UK furniture category segment value and forecast, 2022 & 2028
- UK furniture channel value & forecast, 2022 & 2027
- UK floorcoverings channel value & forecast, 2022 & 2028
- UK furniture & floorcoverings competitor overlap, 2023
- UK furniture category penetration, 2023
- UK floorcoverings category penetration, 2024
- UK furniture & floorcoverings channel usage, 2023
- UK furniture & floorcoverings fulfilment methods, 2023
- UK furniture & floorcoverings consumer drivers, 2023
- Drivers of purchasing furniture secondhand
- Customer satisfaction with buying furniture & floorcoverings online
- DFS bedroom furniture consideration and conversion, 2022 and 2023
- Other furniture retailers visited by Carpetright shoppers
- UK furniture market GBP m, 2017, 2022, 2027 & CAGR %
- UK furniture market value GBP bn, 2017-2027
- UK furniture market annual growth %, 2017-2027
- UK floorcoverings market GBP m, 2017, 2022, 2027 & CAGR %
- UK floorcoverings market value GBP bn, 2017-2027
- UK floorcoverings market annual growth %, 2017-2027
- UK furniture categories by value GBP bn, 2022 & 2027
- UK furniture categories by value growth %, CAGR, 2022-2027
- UK furniture market by category %, 2017-2027
- UK floorcoverings categories by value GBP bn, 2022 & 2027
- UK floorcoverings categories by value growth %, CAGR, 2022-2027
- UK floorcoverings market by category %, 2017-2027
- UK furniture & floorcoverings online market size GBP bn and online penetration %, 2017-2027
- UK furniture & floorcoverings channel growth, 2017-2027
- UK furniture market by channel, 2022 and 2027
- UK floorcoverings market by channel, 2022 and 2028
- Market shares of top 10 UK furniture retailers, 2021-2023e
- Market shares of top 10 UK floorcoverings retailers, 2021-2023e
- Top 20 most visited retailers for furniture & floorcoverings %, 2023
- Top 20 most purchased from retailers for furniture & floorcoverings %, 2023
- IKEA's UK furniture market share % 2017-2023e
- IKEA's UK floorcoverings market share % 2017-2023e
- IKEA's UK furniture and floorcoverings penetration %, 2023e
- DFS's UK furniture market share % 2017-2023e
- DFS's UK furniture and floorcoverings penetration %, 2023e
- Wren's UK furniture market share % 2017-2023e
- Wren's UK furniture and floorcoverings penetration %, 2023e
- ScS's UK furniture market share % 2017-2023e
- ScS's UK floorcoverings market share % 2017-2023e
- ScS's UK furniture and floorcoverings penetration %, 2023e
- Bensons for Beds' UK furniture market share % 2017-2023e
- Bensons for Beds' UK furniture and floorcoverings penetration %, 2023e
- Carpetright's UK floorcoverings market share % 2017-2023e
- Carpetright's UK furniture and floorcoverings penetration %, 2023e
- UK furniture & floorcoverings penetration %, 2023
- UK furniture & floorcoverings profile %, 2023
- UK furniture category penetration %, 2023
- UK floorcoverings category penetration %, 2023
- UK furniture & floorcoverings channel usage %, 2023
- UK furniture & floorcoverings fulfilment methods %, 2023
- UK furniture & floorcoverings purchase frequency, 2023
- UK furniture & floorcoverings consumer drivers %, 2023
- How UK consumers intend to change their shopping habits due to rising prices, 2023
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- AHK Design
- Amazon
- AnyVan
- Argos
- ASDA
- B&M
- B&Q
- Bed Kingdom
- Bensons for Beds
- Carpetright
- DFS
- Disney
- Dreams
- Dunelm
- Emma Mattresses
- Eve Sleep
- Farrow & Ball
- Fat Llama
- Flooring Direct
- Flooring Superstore
- French Connection
- Furniture Village
- Furniturebox
- Glasswells
- Grand Designs
- Green 2 Delivery
- Home Bargains
- Homebase
- Howdens
- IKEA
- Iris Apfel
- John Lewis
- Joules
- JYSK
- Keen and Able
- Keswick Flooring
- Made.com
- Marks and Spencer
- Mattress Next Day
- NCF Living
- Nestware
- Next
- Oak Furniture Land
- Poltronesofà
- Ruggable
- ScS
- Slumberland
- Snug
- Sofa Delivery Company
- Sofology
- Tapi
- Tesco
- The Floor Room
- The Range
- The Very Group
- TK Maxx
- Tuffnells
- United Carpets
- Victoria Plum
- Victorian Plumbing
- Vinterior
- Wayfair
- Wickes
- Wilko
- Wren
