United Kingdom (UK) Furniture Market Overview, 2028

United Kingdom (UK) Furniture Market Overview, 2028
The need for competitively priced, space-efficient home furnishings is anticipated to increase as the population of the UK continues to expand and living standards rise. Customers in the UK are now increasingly interested in fashion and interior design, creating new markets for customized furniture producers. People have been encouraged to spend money on high-quality furniture from smaller manufacturers by television programmes that promote innovation, rising incomes, and a bustling real estate market in many cities. The UK home furniture market is seeing profitable development potential as a result of rising spending on furniture and furnishings in the country. The UK has a long history of furniture craftsmanship and design, with iconic periods such as Tudor, Georgian, Victorian, and Mid-Century Modern leaving a lasting impact on global furniture trends. British designers and manufacturers have played a significant role in shaping furniture design, with contributions from renowned figures like Thomas Chippendale, Charles Rennie Mackintosh, and Jasper Morrison. The UK is a hub for antique furniture enthusiasts, offering a wide range of antique markets, fairs, and auction houses that showcase rare and valuable pieces from various eras. Furthermore, the UK boasts a vibrant community of contemporary furniture designers and makers who blend traditional techniques with modern aesthetics, creating unique and sought-after pieces. As well as the British homeowners take pride in creating stylish and well-furnished interiors, contributing to the demand for a diverse range of furniture styles and options.

According to the research report ""United Kingdom Furniture Market Overview, 2028,"" published by Bonafide Research, the United Kingdom Furniture market is projected to reach market size more than USD 49 Billion by 2028. The British population's emphasis on homeownership and creating comfortable living spaces drives consistent demand for a wide range of furniture products. Evolving interior design trends and a preference for well-furnished, aesthetically pleasing homes contribute to the continuous need for new and stylish furniture. Furthermore, Consumers value customizable furniture that aligns with their preferences, allowing them to create unique and personalized living environments. Home improvement projects and renovations stimulate demand for new furniture to complement upgraded interiors. Integration of technology into furniture, such as smart lighting, built-in charging stations, and wireless charging capabilities, enhances convenience and connectivity in modern living spaces. Furthermore, 3D printing is revolutionizing furniture design and production, allowing for intricate and customizable designs while reducing waste and lead times. Software applications and online design tools enable customers to customize furniture designs, materials, colors, and dimensions to match their preferences. Based on the material types of segment includes the wood, metal, plastic, glass, and others. In UK market the metal is having the second highest market share; Metal offers a wide range of design possibilities, from sleek and modern to vintage and industrial styles, making it a versatile choice that can cater to various aesthetic preferences. As well as the Metal furniture's ability to withstand outdoor conditions makes it a preferred option for garden, patio, and outdoor dining spaces, enhancing its market demand. Many UK consumers appreciate the modern and contemporary look that metal furniture offers. The sleek and minimalist designs of metal pieces resonate with those who prefer clean lines and a chic ambiance in their living spaces. In urban areas with smaller living spaces, metal furniture's compact and space-saving designs are well-suited to optimize functionality without sacrificing style.

Based on the products types includes the Beds, Tables & Desks, Sofa & Couch, Chairs & Stools, Cabinets & Shelves, and Others. In UK the Tables & Desks is growing market; the rise of remote work and flexible work arrangements has led to an increased demand for home office furniture, including tables and desks. Many individuals now require dedicated workspaces at home, driving the need for functional and comfortable desks. With the growth of e-learning and online education, students of all ages require suitable spaces for studying and learning at home, contributing to the demand for study desks and tables. Interior design trends in the UK emphasize creating well-designed and functional living spaces. Tables and desks play a crucial role in achieving efficient and aesthetically pleasing interiors. Urbanization and the prevalence of smaller living spaces in cities like London drive the need for compact and space-saving furniture solutions, including foldable tables and wall-mounted desks. The trend of remote and flexible work continues to drive demand for ergonomic and functional home office desks. Height-adjustable desks, sit-stand options, and integrated cable management solutions are gaining popularity to enhance productivity and comfort. Furthermore, Tables and desks that serve multiple purposes are on the rise. Convertible designs, foldable desks, and expandable tables cater to smaller living spaces and changing needs.

Based on the Category market includes the indoor and outdoor, among them the Indoor segment is leading the market, The UK's climate, characterized by frequent rain and colder temperatures, often encourages people to spend more time indoors. This promotes a greater focus on creating comfortable and inviting indoor living spaces. Furthermore, British culture places a significant emphasis on the home as a sanctuary, a place for relaxation, socializing, and everyday activities. As a result, consumers invest in indoor furniture to enhance their living environments. Consumers often prioritize indoor furniture that offers customization options, allowing them to select materials, colors, and styles that align with their personal preferences and comfort. Based on the application segment includes the Residential, Office, Hotel and Others (Hospital Furniture), among them the Residential segment is leading with the highest market share, The UK has a strong cultural emphasis on creating comfortable and inviting home environments. People view their homes as personal sanctuaries where they can relax, unwind, and spend quality time with family and friends. This cultural value drives the demand for high-quality residential furniture that enhances the living experience. Furthermore, the trend of home improvement and renovation has gained momentum in recent years. People are investing in upgrading and remodeling their homes, which includes purchasing new furniture to refresh the interiors.

Based on the Distribution channel includes the Specialty Stores, Supermarkets and Hypermarkets, Online and Others, among them the Speciality stores is leading the market, Specialty stores often offer a carefully curated selection of furniture that caters to specific styles, designs, and preferences. This focused approach helps customers find furniture that aligns with their tastes and needs, making the shopping experience more efficient and enjoyable. Furthermore, Specialty stores typically employ knowledgeable staffs who specialize in furniture and interior design. Customers can benefit from personalized assistance, expert advice, and recommendations based on their requirements and space. In future the online segment will grow at the highest cagr rate, Consumer behavior has been shifting towards online shopping, driven by increased internet penetration, convenience, and comfort. As more people become accustomed to making purchases online, the furniture market is likely to experience a continued rise in online sales.

UK Furniture Market News:

In May 2022, Jasper Conran London announced furniture and homeware collaboration with Next. The manufacturing license arrangement will see Jasper Conran London expand and deepen its existing connection with Next to provide ""an extensive collection of furniture,"" which will be available exclusively on Next.co.uk and in select Next locations.

In February 2021, Britain's largest independent furniture retailer, Furniture Village, launched Virtual Village, its new 3D virtual store. Offering a ""fully immersive shopping experience,"" customers are invited to browse the virtual showroom accompanied by expert advice, live from the shopfloor, via phone, LiveChat, or video call.

In November 2021, the Made.com (MADE.L) brand will be purchased by British fashion retailer Next (NXT.L) for 3.4 million pounds (USD 3.8 million).

Considered in this report

• Geography: UK
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report

• UK Furniture with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Material

• Wood
• Metal
• Plastic
• Glass
• Others

By product

• Beds
• Tables & Desks
• Sofa & Couch
• Chairs & Stools
• Cabinets & Shelves
• Other

By Category

• Indoor
• Outdoor

By Application

• Residential
• Office
• Hotel
• Others (Hospital Furniture)

By Distribution Channel

• Specialty Stores (Traditional Stores, Branded Furniture/Flagships Stores, Lifestyle Stores, Home Centers)
• Supermarkets and Hypermarkets (Department Stores, Discount Department Stores)
• Online
• Others (Office Supply Stores, Buying Through a Designer)

The approach of the report:

This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience

This report can be useful to industry consultants, manufacturers, suppliers, associations and organisations related to the Furniture industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.