Upholstered Furniture and Beds Market Report – UK 2021-2025
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The 15th Edition of the ‘Upholstered Furniture and Beds Market Report – UK 2021-2025’ contains analysis of the key upholstered furniture and bed products, recent market trends and future prospects, along with supplier and distribution analysis. This report contains original input and a detailed assessment of the market and represents excellent value for money to companies in the industry or considering entry.
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The 15th edition of the Upholstered Furniture and Beds Market Report – UK 2021-2025 contains analysis of the key upholstered furniture and bed products, recent market trends and future prospects, along with supplier and distribution analysis. This report contains original input and a detailed assessment of the market and represents excellent value for money to companies in the industry or considering entry.
Key content covered
- Upholstered Furniture and Beds and Mattresses markets in the UK, highlighting key organisations and factors affecting market performance.
- Product group analysis includes the following sectors:
- Upholstered Furniture – sofas, armchairs, suites, convertibles and action or motion upholstery.
- Beds – divans, upholstered bed frames (bedsteads), bed frames (wooden and metal), bunk beds, guest beds and so on.
- Mattresses – sprung (pocket spring and open coil), visco-elastic (memory foam, gel, and foam), and latex.
Areas of Particular Interest
- Review of market performance 2016-2020, prospects for 2021, and forecasts for 2022-2025.
- Market influences and drivers – promotional, economic, social, technological and design.
- Review of end use sectors – housing trends and demographics, retail sector prospects and influences, contract sector prospects and influences.
- Product sector review – analyses of markets by product group 2016-2020
- Analysis of distribution structure, channels, and trends
- Detailed market data and insight on the upholstered furniture and beds market by AMA Research, a leading UK provider of construction market intelligence.
Some of the companies included:
Dreams, Bensons, House of Fraser, John Lewis, Marks & Spencer, Next, DFS, Sofology, IKEA, Furniture Village, Harveys, Steinhoff Group, Silentnight, Vi-Spring, Hypnos, Tempur, Advent International Corporation, Dwell Furniture, The Sofa Workshop, ScS Group plc, Carpetright, Oak Furnitureland, Halo Furnishings, Sterling Furniture, Barker & Stonehouse, Heals, Neptune, Dunelm Group plc, Forrest Furnishing, Thomsons World of Furniture, The Cotswold Company, Habitat Retail, Sainsbury’s, Harrods, Fenwicks, John Lewis, Waitrose, Laura Ashley, Argos, Very, Amazon, Wayfair, Ebay and more.
KEY AREAS COVERED IN THE REPORT
Market Overview
- Definitions of UK residential furniture market, upholstered furniture market, and beds and mattresses market.
- Market trends 2016-2020 – factors influencing market development, Covid-19 pandemic, economic context, new housebuilding activity, competitive strategies, design trends and so on.
- Market prospects for overall domestic furniture market – household expenditure trends, impact of Covid-19 pandemic, housebuilding activity, including financial schemes to increase levels of activity, ongoing changes in distribution structures and so on.
- Changing trends in consumer purchasing patterns.
Product Mix
- Market size and analysis by product group:
- Upholstered furniture – suites, sofas, armchairs, convertibles, and motion or action upholstery
- Beds and mattresses – divans, bedsteads, bed frames, and mattresses.
- Product mix within major product groups – analysis by major sectors, share by sector, key trends.
- Product trends by product group – growth sectors and so on.
Market Prospects
- Market size by value 2016-2020 – product analysis, market trends, growth prospects and the effect of Covid-19 on household spending.
- Factors influencing market growth – fashions trends influencing market, material preferences, trend towards larger beds, growth of storage and multi-function furniture.
- Imports – increasing price competition, potential for UK based manufacturers, rising costs, etc.
Supply and Distribution
- Review of major suppliers in all product sectors – major groups, leading companies, specialist suppliers. Company overview, key products, sectors and financial information.
- Review of distribution structure illustrating direct supply and key channels including major companies operating in each channel, growth on online and multi-channel shopping.
- Company overview and financials for key distributors.
The larger residential furniture market and the upholstered furniture and beds market showed steady growth in value terms between 2016-2019. The emergence of the Covid-19 pandemic, coming after the uncertainty of Brexit negotiations, had a significant impact on the upholstered furniture and beds market. The upholstered furniture and beds is a mature market and the products remain a non-essential purchase, which can easily be deferred in times of economic constraint. The market is, therefore, responsive to changing levels of consumer confidence, the performance of the housing market, and changes in disposable income.
In terms of major trends, price competition will continue to be a significant feature of the upholstered furniture market in the future, with imports from low-cost producers continuing to increase their share of the market. The popularity of modern and contemporary furniture seems to favour alternative furniture combinations, rather than the traditional 3-piece suites. Tailored designs and clean lines are expected to continue in line with contemporary trends. Multi-functional furniture and action or motion upholstery are likely to gain market share in the future, primarily due to storage needs, smaller size of residential properties, and aging population. In the beds and mattresses sector, trends toward using high quality materials, more attractive designs, storage options, and larger beds continue.
Distribution channels of upholstered furniture and beds market include multiple furnishers, internet, independent furnishers, department stores, and variety stores. While specialist furnishing multiples continue to dominate the upholstered furniture and beds market, in recent years specialist e-commerce companies and digital retailers increased their market share. In response to the changing consumer preferences and implications of the Covid-19 pandemic related restrictions, traditional retailers started upgrading their online capabilities to increase their share of e-commerce channels.
Contents Listing
1. INTRODUCTION 8
1.1 CONTEXT 8
1.2 DEFINITION 8
1.3 ABBREVIATIONS 9
2. MARKET SUMMARY 10
2.1 MARKET SIZE 10
2.1.1 Residential Furniture Market 10
2.1.2 Upholstered Furniture and Beds Market 10
2.2 MARKET OVERVIEW 11
3. MARKET INFLUENCES AND DRIVERS 13
3.1 MAIN MARKET INFLUENCES AND DRIVERS 13
3.2 POLITICAL AND PROMOTIONAL INFLUENCES AND DRIVERS 14
3.3 ECONOMIC INFLUENCES AND DRIVERS 14
3.4 SOCIAL INFLUENCES AND DRIVERS 15
3.5 TECHNOLOGICAL AND DESIGN INFLUENCES AND DRIVERS 16
3.6 ENVIRONMENTAL INFLUENCES AND DRIVERS 16
4. END USE SECTORS 17
4.1 HOUSING TRENDS AND DEMOGRAPHICS 17
4.1.1 New Housebuilding 17
4.1.2 Housing Product Mix 19
4.1.3 House Moving 20
4.1.4 Home Ownership Trends 20
4.2 RETAIL SECTOR PROSPECTS AND INFLUENCES 21
4.3 CONTRACT SECTOR PROSPECTS AND INFLUENCES 22
5. MARKET SUB SECTORS 24
5.1 UPHOLSTERED FURNITURE 24
5.1.1 Upholstered Furniture Market Summary 24
5.1.2 International Trade 25
5.1.3 Upholstered Furniture Market Product Mix 26
5.1.4 Materials 31
5.1.5 Upholstered Furniture End User Mix 34
5.1.6 Upholstered Furniture Supply 35
5.2 BEDS AND MATTRESSES 42
5.2.1 Beds and Mattresses Market Summary 42
5.2.2 International Trade 43
5.2.3 Contract Sector 44
5.2.4 Product Mix 46
5.2.5 Suppliers 53
6. DISTRIBUTION 59
6.1 STRUCTURE 59
6.2 STORE LAYOUT AND DESIGN 59
6.3 DOMESTIC DISTRIBUTION CHANNELS 60
6.3.1. Definition 60
6.3.2 Channel Share 61
6.3.3 Furniture Multiples 62
6.3.4 Furniture Independents 67
6.3.5 Department Stores 68
6.3.6 Variety Stores 69
6.3.7 Digital Retailers/Catalogue Retailers/Mail Order 70
6.3.8 Others 73
7. MARKET FORECASTS 74
7.1 THE DOMESTIC FURNITURE MARKET 74
7.2 THE UPHOLSTERED FURNITURE AND BEDS MARKET 75
7.3 THE UPHOLSTERED FURNITURE MARKET 75
7.4 THE BEDS AND MATTRESSES MARKET 77
7.5 MARKET PROSPECTS 78
APPENDICES 81
APPENDIX A: ECONOMIC ENVIRONMENT 81
A.1 OVERVIEW AND OUTLOOK 81
A.2 GDP 81
A.3 INFLATION & INTEREST RATES 83
A.4 EMPLOYMENT & WAGES 84
A.5 HOUSEHOLD CONSUMPTION 85
A.6 STERLING 86
A.7 TRADE & BUSINESS INVESTMENT 87
Tables & Charts
TABLE 1: THE UK MARKET FOR DOMESTIC FURNITURE 2016-2020 (£M MSP) 10
TABLE 2: THE UK UPHOLSTERED FURNITURE AND BEDS MARKET 2016-2025 (£M MSP AND % CHANGE) 11
TABLE 3: NEW HOUSING STARTS AND COMPLETIONS (ENGLAND, WALES AND SCOTLAND) 2015 – 2024 (000’S) 17
TABLE 4: NUMBER OF RESIDENTIAL PROPERTY TRANSACTIONS IN THE UK 2013-2021 (000’S) FOR SALES VALUED AT £40,000 AND OVER 20
TABLE 5: TRENDS IN HOUSING TENURE IN ENGLAND 2009/10 TO 2019/20 (%) 21
TABLE 6: THE UK UPHOLSTERED FURNITURE MARKET 2016-2020 (£M MSP) 24
TABLE 7: UK IMPORTS AND EXPORTS OF UPHOLSTERED FURNITURE 2015-2020 BY VALUE (£M) 25
TABLE 8: UK IMPORTS OF UPHOLSTERED FURNITURE BY PRODUCT TYPE 2015-2020 BY VALUE (£M) 26
TABLE 9: THE UK UPHOLSTERED FURNITURE MARKET PRODUCT MIX 2020 – BY VALUE (£M MSP) AND % SHARE 27
CHART 10: THE UK UPHOLSTERED FURNITURE MARKET BY PRODUCT MIX 2020 – % BY VALUE 27
TABLE 11: SHARE HELD BY ACTION UPHOLSTERY 2012-2020 – % BY VALUE 29
CHART 12: UK UPHOLSTERED FURNITURE MARKET COVER MIX BY VALUE 2020 32
CHART 13: UK UPHOLSTERED FURNITURE MARKET BY END USER BY VALUE 2020 35
TABLE 14: UK UPHOLSTERED FURNITURE MARKET LEADING SUPPLIERS 2020 36
TABLE 15: UK BEDS AND MATTRESSES MARKET 2016-2020 (£M MSP) 42
TABLE 16: UK IMPORTS AND EXPORTS OF DIVANS, BEDSTEADS AND MATTRESSES 2015-2020 BY VALUE (£M) 43
TABLE 17: IMPORTS OF DIVANS, BEDSTEADS AND MATTRESSES 2015-2020 BY PRODUCT TYPE BY VALUE (£M) 44
TABLE 18: UK MARKET FOR DIVANS AND BEDSTEADS PRODUCT MIX 2020 – % SHARE BY VOLUME AND VALUE 46
CHART 19: THE UK MARKET FOR BEDS BY KEY PRODUCT TYPE 2020 – % SHARE BY VALUE 47
CHART 20: THE UK MARKET FOR MATTRESSES BY TYPE OF SUPPORT 2020 – % SHARE BY VALUE 50
TABLE 21: UK BED MARKET LEADING SUPPLIERS 2020 53
TABLE 22: DISTRIBUTION OF UPHOLSTERED FURNITURE AND BEDS 2020 – % BY VALUE 61
TABLE 23: THE UK MARKET FOR DOMESTIC FURNITURE 2016-2025 (£M MSP) 74
TABLE 24: THE UK MARKET FOR UPHOLSTERED FURNITURE AND BEDS 2016-2025 (£M MSP) 75
TABLE 25: THE UK UPHOLSTERED FURNITURE MARKET 2016-2025 (£M MSP) 75
TABLE 26: UK BEDS AND MATTRESSES MARKET 2016-2020 (£M MSP) 77
CHART A1: GVA CHAINED VOLUME MEASURES, 2016-2021, KEY CONSTITUENT ELEMENTS 83
CHART A2: CPI INFLATION AND BANK OF ENGLAND BASE RATE, 2008-2023 84
CHART A3: AVERAGE WEEKLY EARNINGS DATA – GB – TOTAL PAY – 2014-2019 (SEASONALLY ADJUSTED) 85
CHART A4: DI PER CAPITA & SAVINGS RATIO AT CURRENT PRICES 2008-2023 86
CHART A5: EXCHANGE RATE FLUCTUATIONS 2015-2019, STERLING TO THE DOLLAR AND THE EURO, SPOT RATES 87
CHART A6: TRADE & BUSINESS INVESTMENT, 2019-2020 88
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