Domestic Bedroom Furniture Market Report – UK 2020-2024 including Covid-19 Insight

This is the fifthteenth edition of the AMA Research report on the UK Domestic Bedroom Furniture Market. The report covers fitted, modular and freestanding bedroom furniture, analysing the overall market within the context of the wider economic environment, as well as including reviews on product sectors, suppliers and distribution. Detailed market data and insight on the domestic bedroom furniture market by AMA Research, a leading UK provider of construction market intelligence.

The ‘Domestic Bedroom Furniture Market Report – UK 2020-2024’ costs £945+VAT (if applicable) for a PDF version.

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The 15th edition of the Domestic Bedroom Furniture Market Report – UK 2020-2024 has been published by AMA Research. The report examines the various factors driving change in the industry and assesses the likely future prospects for the sector through to 2024, covering issues such as the likely effects of Covid-19, market size, key influencing factors, product mix for domestic bedroom furniture, fitted versus non-fitted and the changing social, demographic and economic trends likely to influence the market.

Key issues analysed in the report

  • A detailed assessment of the market – analysis of major developments and current future trends.
  • Impact of Covid-19 and Brexit on consumer confidence and likely effect on the market through to 2024.
  • Review of key material and sector trends.
  • Review of the supply and distribution structure – assessment of impact of import levels on UK firms.
  • Forecasts market developments up to

Areas of particular interest

  • Market performance of bedroom furniture sectors, including underlying growth factors, trends and future prospects.
  • The changing role of the bedroom as smaller homes put pressure to use space efficiently.
  • Growing need for multi-purpose furniture and good design.
  • Development of niche sectors such as children’s bedroom furniture and sliding wardrobe door systems, together with an increase in demand for multi-functional bedroom furniture.
  • A high level of imports particularly from the Far East, which has put pressure on UK manufacturers, but given the erosion of the Pound Sterling this may offer opportunities for UK manufacturers to be more competitive both in the UK and overseas.

Key areas covered in the report

THE BEDROOM FURNITURE MARKET

  • UK domestic bedroom furniture market – market definition, size and current situation 2015-2019, recent market performance, factors underpinning demand and restricting growth.
  • Key market influences – including levels of construction, housing market, economic trends, impact of EU referendum, short to medium-term prospects, etc.
  • Future prospects – market size and forecast trends up to 2024. Also, the wider building and construction market performance forecasts through to 2024.
  • Growth in imports and change in level of exports to 2019, supply mix and countries of origin of imports.
  • Trends in terms of fitted and freestanding furniture, home office, recreational and multi-purpose furniture.
  • Overall UK furniture market size, key drivers and recent trends. Share taken by bedroom furniture, importance of bedroom furniture within the overall furniture industry.

PRODUCT MIX AND MATERIAL TRENDS

  • Bedroom furniture by type – fitted or freestanding, product mix and recent trends.
  • Market size of sliding wardrobe door systems.
  • Key factors driving growth and change in the industry – pressure on space, demands from children/youngsters to young adults staying at home, increased private rental market, technology impacts, etc.
  • Product mix, flat pack and rigid – market share, trends, driving factors etc.
  • Growth sectors, ie fitted furniture, storage, children and teenagers’ bedroom furniture – shares, recent trends, future prospects, young adults staying at home, market drivers etc.
  • Style and design trends – growth in niche sectors, mix between contemporary and traditional styles.
  • Materials and finishes – share by materials and trends.

DISTRIBUTION, SUPPLIERS AND SUPPLY CHAIN ISSUES

  • Changes in market structure – consolidation in supply structure, growth of imports etc. Increased importance of
  • Internet as a distribution and information channel.
  • Major furniture manufacturers and suppliers by turnover size and market share – recent changes, market positioning etc.
  • Major distribution channels, and share by type of outlet – Furniture Multiples, Independents, Mail Order/Catalogue, Specialists, Internet, Department Stores / Variety Stores / DIY etc.
  • Key companies, by type of outlet – major players.

MARKET PROSPECTS

  • Key growth areas – prospects for 2020 and up to 2024.
  • Important developments in the major product and market sectors.
  • Review of key economic factors impacting the market

Some of companies listed within the report:

Andrena Furniture Limited, Argos, Barker & Stonehouse, Bebecar UK Ltd, Bensons for Beds ,Canburg Ltd, Chaplins Furniture Limited, Conquest Fitted Furniture UK, Crown Products (Kent) Ltd, Daval Furniture Ltd, Dreams, Freemans, Furniture Village, Gautier UK Ltd, Hammonds Furniture Ltd, Home Décor, IKEA Limited, Living Homes,
Oak Furnitureland, Sharps Bedrooms Ltd, Spacemaker Bedrooms Ltd, Strachan Furniture Makers Ltd,
theonlinefurniturestore.co.uk, Willis & Gambier, Wren Living Ltd

 

In the 2015-17 period, sales of bedroom furniture grew at a slower rate than the overall domestic furniture market, nevertheless, the share of the total market held by the bedroom sector remained relatively stable in that time.

The market declined in 2018, possibly as a result of Brexit fears and was most notable for a sharp drop in imports, however, there was a strong recovery in 2019, with imports rebounding to reach a record level.

Storage is a key issue for most UK householders and its importance is not diminishing, since space within the average UK home remains limited, particularly in the bedroom. This lack of space has resulted in the growing popularity of sliding wardrobe door systems, either as part of a fully fitted system or a semi-fitted unit.

Other factors have had a negative impact on sales of bedroom furniture, for example, the increase in home working can place pressure on living space within the dwelling, with spare bedrooms often used as office space. The current pandemic is likely to result in a permanent increase in home working.

CONTENTS

RESEARCH SERVICES OFFERED BY AMA RESEARCH 3
1. INTRODUCTION 8
1.1 BACKGROUND 8
1.2 SOURCES OF INFORMATION 8
2. SUMMARY AND FUTURE PROSPECTS 10
2.1 SUMMARY 10
2.2 MARKET PROSPECTS 12
3. THE BEDROOM FURNITURE MARKET 14
3.1 OVERALL FURNITURE MARKET SIZE AND TRENDS 14
3.1.1 Covid-19 Impact 15
3.1.2 Product Mix Overall UK Furniture Market 15
3.2 UK BEDROOM FURNITURE MARKET SIZE AND TRENDS 17
3.3 MARKET PROSPECTS 18
3.3.1 Influence of Imports 19
3.3.2 Demographics and Size of Houses. 19
3.3.3 Furniture Styles 19
3.4 MARKET INFLUENCES 20
3.4.1 The Housing Market 20
3.4.2 ‘Improve Not Move’ 23
3.4.3 Home Ownership Trends 24
3.4.4 The Changing Role of the Bedroom 25
3.4.5 Price Competition 26
3.4.6 Other Influences 26
3.5 INTERNATIONAL TRADE IN BEDROOM FURNITURE 27
4. PRODUCT MIX 30
4.1 PRODUCT DEFINITION 30
4.2 FITTED AND FREESTANDING BEDROOM FURNITURE 31
4.2.1 Product Mix 31
4.3 TYPE OF BEDROOM FURNITURE: FLAT PACK AND RIGID 33
4.3.1 Product Mix 33
4.4 PRODUCT DESIGN 34
4.4.1 Design Trends 34
4.4.2 Storage Solutions 36
4.4.3 Children’s and Teenagers’ Bedroom Furniture 37
4.4.4 Sliding Wardrobe Door Systems 39
4.5 MATERIALS AND FINISHES 40
4.5.1 Foils 40
4.5.2 Solid Wood 41
4.5.3 Solid Wood Veneers 41
4.5.4 Glazed and Mirrored Doors and Panels 42
4.5.5 Pine Furniture 42
5. BEDROOM FURNITURE SUPPLIERS 43
5.1 INDUSTRY SIZE 43
5.1.1 Market Share of Leading Suppliers of Bedroom Furniture 44
5.2 MAJOR SUPPLIERS 45
5.2.1 Fitted Bedroom Furniture 45
5.2.2 Freestanding Bedroom Furniture 47
5.3 OTHER SUPPLIERS 48
6. DISTRIBUTION 51
6.1 STRUCTURE 51
6.2 RETAIL SPECIALISTS 53
6.3 FURNITURE MULTIPLES 53
6.4 INTERNET, MAIL ORDER AND CATALOGUE RETAILERS 55
6.5 FURNITURE INDEPENDENTS 57
6.6 VARIETY CHAINS AND DEPARTMENT STORES 58
6.6.1 Variety Chains 58
6.6.2 Department Stores 59
6.7 DIY MULTIPLES 60
6.8 OTHERS 61
APPENDICES 62
APPENDIX A: ECONOMIC ENVIRONMENT 62
A.1 OVERVIEW AND OUTLOOK 62
A.2 GDP 62
A.3 INFLATION AND INTEREST RATES 64
A.4 EMPLOYMENT AND WAGES 65
A.5 HOUSEHOLD CONSUMPTION 66
A.6 STERLING 67

TABLES AND CHARTS

TABLE 1: UK DOMESTIC BEDROOM FURNITURE MARKET 2015 TO 2024 – BY VALUE (£M MSP) 10
TABLE 2: THE UK MARKET FOR DOMESTIC FURNITURE 2015 TO 2024 – BY VALUE (£M MSP) 14
CHART 3: UK MARKET MIX OF ALL DOMESTIC FURNITURE2002, 2010 AND 2019 – % BY VALUE 16
TABLE 4: UK DOMESTIC BEDROOM FURNITURE MARKET 2015 TO 2020 – BY VALUE (£M MSP) 17
TABLE 5: UK DOMESTIC BEDROOM FURNITURE MARKET 2020-2024 – BY VALUE (£M MSP) 18
CHART 6: HOUSING COMPLETIONS BY REGION (ENGLAND, WALES AND SCOTLAND) 2015 TO 2024 – VOLUME OF DWELLINGS 20
TABLE 7: NUMBER OF PROPERTY TRANSACTIONS IN THE UK 2013-20 (000’S) 22
TABLE 8: COMPOSITION OF OWNER-OCCUPIER HOUSEHOLDS IN ENGLAND BY TYPE 2017-2018 – 000’S OF HOUSEHOLDS AND % 25
TABLE 9: IMPORTS AND EXPORTS OF WOODEN BEDROOM FURNITURE 2015 TO 2019 BY – VALUE (£M) 27
CHART 10: IMPORT PENETRATION IN THE UK BEDROOM FURNITURE MARKET 2000, 2008 AND 2019 – % BY VALUE 28
TABLE 11: COUNTRIES OF ORIGIN FOR IMPORTS OF WOODEN BEDROOM FURNITURE 2017, 2018 AND 2019 – VALUE (£M) AND % SHARE 29
CHART 12: MIX OF FITTED & FREESTANDING BEDROOM FURNITURE 2019 – % BY VALUE 31
TABLE 13: FITTED AND FREESTANDING KITCHEN, BEDROOM AND BATHROOM FURNITURE MARKET 2019 – % BY VALUE 32
CHART 14: THE UK BEDROOM FURNITURE MARKET PRODUCT MIX OF RIGID VERSUS FLAT PACK 2000, 2010 AND 2019 – % BY VALUE 33
CHART 15: MIX OF CONTEMPORARY AND TRADITIONAL STYLES OF BEDROOM FURNITURE 2019 – % BY VALUE 36
CHART 16: MIX OF NURSERY, CHILDREN’S AND TEENAGE VERSUS ADULT BEDROOM FURNITURE 2019 – % BY VALUE 38
TABLE 17: VAT REGISTERED MANUFACTURERS OF ‘OTHER’ FURNITURE BY TURNOVER GROUP 2020 – NUMBER OF COMPANIES 43
TABLE 18: MARKET SHARE OF MAJOR BEDROOM FURNITURE SUPPLIERS 2019 – % BY VALUE 44
TABLE 19: DISTRIBUTION OF BEDROOM FURNITURE 2019 AND Q1 2020 – % BY VALUE SHARE 52
CHART A1: GVA CHAINED VOLUME MEASURES KEY CONSTITUENT ELEMENTS 2015 TO 2020 – % CHANGE 64
CHART A2: CPI INFLATION AND BANK OF ENGLAND BASE RATE 2008 TO 2023 – % 65
CHART A3: AVERAGE WEEKLY EARNINGS DATA (GB) TOTAL PAY 2014 TO 2019 – £ STERLING (SEASONALLY ADJUSTED) 66
CHART A4: DISPOSABLE INCOME PER CAPITA AND THE SAVINGS RATIO AT CURRENT PRICES 2008-2023 67
CHART A5: EXCHANGE RATE FLUCTUATIONS STERLING TO THE DOLLAR AND THE EURO 2015-2019 – SPOT RATES 68


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