Report Summary
The UK furniture and floorcoverings market is very challenging with a weak housing market providing no stimulus for new purchases and suppressed disposable income forcing shoppers to prioritise spending elsewhere. This report analyses the overall market’s performance up to 2015, broken down by the different channels, sub-components and how furniture and floorcoverings specialists are performing.
Features and benefits
- Understand how induvidual furniture and floorcoverings sectors will perform against the overall market with an analysis of the factors driving this.
- Retailer and channel market shares can be used to find out who will pose the greatest threat to your business over the next five years.
- An analysis of the key issues affecting the sector along with strategies for success to help you come out of the downturn in a stronger position.
Highlights
The furniture and floorcoverings market will remain negative until 2013 as the housing market remains weak and disposable incomes continue to come under pressure from minimal wage increases and the higher levels of inflation in other retail sectors.
The market is set to return to growth strongly in 2014 as the housing market achieves more sustainable growth and customers get onto a more stable financial position. The groundswell of pent-up demand from deferred purchases throughout the downturn, especially in kitchens and bathrooms, will also provide a strong boost to this sector.
Despite the recovery, independent specialists in both furniture and floorcoverings will struggle. A number of independent retailers being forced out of the market will encourage shoppers to use larger retailers more, for fear of them collapsing before receiving their goods. Greater price competitiveness will also contribute to this shift.