UK Upholstered Furniture and Beds Market: Key Insights for 2024-2028

Upon the release of Upholstered Furniture and Beds Market Report – UK 2024-2028, Editor of the report, Claudia Charquet, has selected 5 key highlights from the report.

The UK Upholstered Furniture and Beds Market has experienced market shifts since 2019. As a result of the pandemic, activity within the market vastly decreased, however it recovered once the restrictions imposed were lifted.

In addition, the market was recently impacted by economic uncertainties. In succession to the recent downfalls and uncertainty, the UK economic situation is anticipated to improve.

Interest rates and inflation has been forecasted to continue to reduce within the next two years.

In spite of the ongoing cost-of-living crisis, an improvement in the UK economy may potentially lead to greater consumer confidence, therefore consumption. As a result of this, the upholstered furniture market and the beds and mattresses market are expected to expand within the next five years.

Market Growth

The UK Upholstered Furniture and Beds Market has been estimated to be worth £2,845 million at MSP by 2028. In addition, a 3% marginal growth is estimated in comparison to the previous year.

Market Share

Suites is currently the largest upholstered furniture market sector, which contributes 48% of the total market value in 2024.

Product Mix

Currently, the most popular type of product in the beds and mattresses market are Divans, wooden and metal bed frames and sprung pocket and open coil mattresses.

Market Status

The upholstered furniture and beds market has been recognised as a mature market, which is highly fragmented. New entrants have threatened the position of established suppliers with their new innovative developments and marketing campaigns.

Sustainability and ESG

 Sustainability and ESG are collectively becoming a stronger feature in the upholstered furniture and beds market. With the expanding awareness in the market, manufacturers have been pushed to embody sustainability in their production process.

Quote from the Editor

Claudia Charquet, Editor of the report commented:

“In the short term the furniture industry is likely to be impacted by the slow growth in the UK economy and the reluctance of consumers to spend on non-essentials, despite demand from the Covid pandemic period, heavy promotional expenditure by retailers and new developments by pent up manufacturers.

The competitive situation in the industry is expected to remain as a feature of the market into the long term, with both furniture manufacturers and retailers facing strong competition, possibly resulting in further casualties in the future. At the same time, the high level of imports is likely to remain, although import costs are currently increasing, because of disruption to shipping in the Red Sea.”