Upholstered Furniture and Beds Market Report – UK 2024-2028
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The 16th edition of the Upholstered Furniture and Beds Market Report UK 2024-2028 contains analysis of key upholstered furniture and bed products, market size, recent market trends, market forecasts, and socio-economic influences. The report features over 30 tables and charts for better visualisation.
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The UK upholstered furniture and beds market has been experiencing market shifts since 2019, with activity strongly diminishing after the pandemic, followed by a recovery after restrictions were eased, despite being impacted again by recent economic uncertainties. The market’s maturity creates a competitive environment subject to high levels of imports.
The market experiences a change in demand and product mix, pushed by new trends, demographics shifts, and a lack of space in the overall UK housing construction industry. Product and processes innovations are pushed by these shifts, but also by increasing sustainability awareness, health awareness, and ESG campaigns, leading to greater opportunities and competitivity in these domains.
Following recent economic downfalls and uncertainty, the UK economic situation is expected to improve, with interest rates and inflation expected to continue diminishing in the next two years, suggesting a potential increase in household expenditure. Therefore, the market is expected to stabilise its growth in the next five years. Nonetheless, considering the maturity of this market and its competitive nature, price competition may remain high.
Opportunities may arise in product mix shifts, moving towards contemporary and convenient designs, and sustainability, resulting in innovations appealing to all consumers. Market actors ought to pay particular attention to these changes to remain competitive against price growing low-cost imports.
Despite current cost-of-living crisis, an improvement in the UK economy could lead to greater consumer confidence, thus consumption. Therefore, in the next five years, the upholstered furniture market and the beds and mattresses market are expected to increase.
Market Forecasts
Based on an examination of market influencers and drivers, the report contains a review of market prospects and forecast for 2024-2028, including an evaluation of the UK economy and housing market prospects, and recent innovations and effects of sustainability.
The report explores:
- Main influences that drive the upholstered and beds products industry, including detailed PESTLE analysis.
- Assessment of the impact of latest tax policies and verification schemes, economic uncertainty, consumer characteristics developments and effects, and technological, legal, and environmental changes.
- An assessment of the impact, and implications, of the cost-of-living crisis, coupled with economic uncertainty and evolving consumer characteristics, in the upholstered furniture and beds market.
- Overview of leading suppliers in the upholstered furniture market and the beds and mattresses market, including their recent development and financial summary.
- The impact of lower disposable income and economic uncertainty on price competition, reinforced by competitive imports from low-cost producers, and product innovation, also pushed by new trends and lack of space.
- Implications of increased sustainability awareness, partly through evolving international standards, and recent developments from market actors to meet new consumption standards.
Product Subsectors
Get access to a review of market developments and structure shifts in the market and related sub-products, impacted by competitive imports and new consumption trends.
Upholstered furniture: market size by value 2019 to 2024, including an analysis international trade’s contribution to the market. Market mix and analysis by product subsector – sofas, armchairs, sofa beds & convertibles, action or motion furniture. Leading company profiles and financials.
Beds & Mattresses: market size by value 2019 to 2024, including an analysis international trade’s contribution to the market. Market mix and analysis by product subsector – divans, mattresses, bedsteads, headboards & bedstead ends, bunkbeds, adjustable/electric beds, waterbeds, children’s beds & cots, hideaway/fold-away/guest beds. Leading company profiles and financials.
End Use Sectors
The report contains analysis of recent developments in the end-use sector, including the impacts of housing trends and changing demographics across the UK.
- Summary of sectors driving demand for upholstered and beds products, market split by end use sector.
- Recent developments in the housebuilding sector, including an examination on recent influencers and ones expected to impact the housing sector in the future.
- Evaluation of dwellings stocks, recent demographics, housing trends, and contract sector developments in the UK susceptible to have an impact on the upholstered furniture and beds market.
Distribution of Upholstered Furniture and Beds in UK
- Assessment of the different distribution channels’ structure and their recent development to meet new consumption trends.
- Review of distribution structure and different distribution channels operating in the UK upholstered furniture and beds market.
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- Detailed assessment of the market – analysis of the market structure and recent developments within the market.
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- Detailed information – market size, influences, market factors and key players.
- Analysis by product group – market size, product mix, sector trends etc.
