Kitchen & Dining Furniture - United Kingdom

United Kingdom

In the United Kingdom, the revenue generated in the Kitchen & Dining Furniture market in 2024 amounts to €2.74bn.
According to projections, the market is expected to grow annually by 2.50% (CAGR 2024-2029).
When compared to other countries globally, in the United States leads in terms of revenue generation, with €35,990m in 2024.
In relation to the total population, the per person revenue generated in the United Kingdom is 0.00 in 2024.
"Traditional British craftsmanship and timeless design continue to dominate the market for Kitchen & Dining Furniture in the United Kingdom."

Key regions: Canada, United Kingdom, Brazil, Germany, India

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Analyst Opinion

The Kitchen & Dining Furniture market in United Kingdom has been experiencing steady growth over the past few years. Customer preferences have played a significant role in shaping the trends in this market.

Customer preferences: Customers in the United Kingdom have shown a growing interest in modern and minimalist kitchen and dining furniture. The demand for sleek and contemporary designs has been on the rise, as consumers seek to create a stylish and sophisticated look in their homes. Additionally, there has been a shift towards more sustainable and eco-friendly materials, with customers showing a preference for furniture made from recycled or renewable resources.

Trends in the market: One of the key trends in the Kitchen & Dining Furniture market in the United Kingdom is the increasing popularity of open-plan living spaces. Many homeowners are opting for open-plan kitchen and dining areas, which require furniture that seamlessly integrates with the overall design of the space. This has led to a rise in demand for multi-functional furniture, such as extendable dining tables and kitchen islands with built-in storage. Another trend in the market is the growing influence of technology. Smart kitchen appliances and connected devices have become increasingly popular among consumers, and this has extended to kitchen and dining furniture as well. Customers are looking for furniture that can accommodate and integrate with their smart devices, such as charging stations built into dining tables or kitchen cabinets with built-in touchscreens.

Local special circumstances: The United Kingdom has a strong tradition of craftsmanship and quality in furniture manufacturing. This has contributed to the demand for high-quality kitchen and dining furniture in the market. Customers in the United Kingdom are willing to invest in furniture that is built to last and offers superior craftsmanship. Furthermore, the United Kingdom has a diverse population with varying cultural backgrounds and tastes. This diversity has influenced the demand for different styles of kitchen and dining furniture. For example, there is a growing demand for furniture that reflects the Scandinavian design aesthetic, known for its simplicity and functionality.

Underlying macroeconomic factors: The strong growth in the Kitchen & Dining Furniture market in the United Kingdom can be attributed to several macroeconomic factors. Firstly, the overall growth of the housing market has had a positive impact on the furniture industry. As more people buy or renovate homes, there is a greater demand for kitchen and dining furniture. Additionally, the rise of online shopping has made it easier for customers to access a wide range of furniture options. Online retailers offer a convenient and cost-effective way for customers to browse and purchase furniture, contributing to the growth of the market. In conclusion, the Kitchen & Dining Furniture market in the United Kingdom is experiencing steady growth driven by customer preferences for modern and minimalist designs, as well as the increasing popularity of open-plan living spaces. The local special circumstances, such as the emphasis on craftsmanship and the diverse population, have also played a role in shaping the market. Furthermore, underlying macroeconomic factors, such as the growth of the housing market and the rise of online shopping, have contributed to the market's development.

Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are based on home furnishings and furniture found in every room of the home. This market is segmented by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen and Dining room, Bathroom, Outdoor, and Home Office. The Furniture market also includes Lamps and Lighting and Home Decor because the furnishings and accessories within these segments are not specific to any room.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as consumer spending and GDP. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing is well suited for forecasting the Furniture market with a projected steady growth. The main drivers are furniture and furnishings, carpets and other floor coverings, and consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.