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The UK - kitchen furniture market size is forecast to increase by USD 688.89 million at a CAGR of 4.73% between 2023 and 2028. The growth of the market depends on several factors such as the growing residential construction activity, the high demand for convenient and customized kitchens, and the growing millennial preference for minimal kitchen furniture remodeling.
The report includes a comprehensive outlook on the UK Kitchen Furniture Market, offering forecasts for the industry segmented by Type, which comprises kitchen cabinets, kitchen chairs, kitchen tables, and others. Additionally, it categorizes Application into residential, and commercial, and covers Distribution Channel, including offline, and online. The report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD million for each of the mentioned segments.
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Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Growing residential construction activity is the key factor driving market growth. Residential construction projects tend to align with current kitchen design trends. Developers and homeowners are opting for contemporary styles, innovative storage solutions, and high-quality materials, driving demand for the latest kitchen furniture designs. Furthermore, homebuyers are increasingly focused on the quality and design of kitchens when purchasing new homes.
Moreover, the demand for aesthetically pleasing and functional kitchens encourages the installation of premium kitchen furniture. A surge in residential construction activity often reflects positive economic conditions and increased consumer confidence. Higher consumer spending on new homes can translate to higher spending on quality kitchen furniture, which will fuel the growth of the market during the forecast period.
Growing demand for superior quality and durable kitchen furniture is the primary trend shaping market growth. Consumers in the UK are increasingly valuing longevity and durability in their purchases. Kitchen furniture is considered a long-term investment, and individuals are willing to pay more for items that are expected to withstand wear and tear over an extended period. Furthermore, consumers are investing in upgrading their kitchens, and they prioritize durable furniture that can withstand the demands of daily use. High-quality kitchen furniture often incorporates functional and efficient designs.
Moreover, consumers seek furniture that not only looks aesthetically pleasing but also offers practical solutions for storage, organization, and ease of use in the kitchen space. Thus, durable and high-quality kitchen furniture is often associated with sustainability, as it reduces the need for frequent replacements, which increases the demand for superior quality and durable kitchen furniture. This is expected to contribute to the growth of the market during the forecast period.
Unstable prices of raw materials for kitchen furniture manufacturing is a challenge that affects market growth. Fluctuating costs make it challenging for businesses to predict and manage production expenses, affecting overall profitability. Furthermore, unstable raw material prices underscore the importance of building resilient supply chains. Manufacturers need to assess and enhance their supply chain strategies to mitigate risks associated with price volatility and ensure a stable flow of materials.
In addition, fluctuations in raw material prices can have broader implications for global economic conditions further impacting the UK economic conditions. For instance, a sudden increase in oil prices due to the Russia-Ukraine war in 2022 hurt transportation costs and energy-dependent industries in UK. Thus, such instances indicate that higher raw material costs can lead to increased production costs, which impedes the growth of the market during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
UK Kitchen Furniture Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The research report also includes detailed analyses of the competitive landscape of the market and information about 19 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The kitchen cabinets segment is estimated to witness significant growth during the forecast period. Homeowners in the UK frequently invest in kitchen renovations and remodeling projects. The desire to update kitchen aesthetics, improve functionality, and enhance storage solutions drives the demand for new kitchen cabinets. Furthermore, the integration of smart technologies in kitchens, such as sensor-based cabinets, automated lighting, and smart storage solutions, is expected to drive the adoption of new kitchen cabinets that cater to the demand for modern and tech-savvy kitchens.
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The kitchen cabinets segment was the largest segment and was valued at USD 1,134.35 million in 2018. Furthermore, homeowners often look for cabinets with features like pull-out shelves, deep drawers, and smart organization systems. Kitchen cabinet manufacturers introducing innovative designs, materials, and features are expected to stimulate demand in the segment. Trends such as open shelving, mixed materials, and personalized finishes can influence consumer choices. Kitchen cabinet vendors are introducing innovative designs, materials, and features that will stimulate demand for kitchen cabinets, which is further expected to drive the growth of the kitchen cabinets segment in the UK - kitchen furniture market during the forecast period.
The UK kitchen furniture market report forecasts market growth by revenue and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
UK Kitchen Furniture Market Scope |
|
Report Coverage |
Details |
Page number |
129 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.73% |
Market Growth 2024-2028 |
USD 688.89 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.12 |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Avanti Fitted Kitchens Ltd., B and Q, Commodore Kitchens Ltd., Crown Imperial, Dennis and Robinson Ltd., Howden Joinery Group plc, Inter IKEA Holding BV, LEICHT Kuchen AG, Magnet fitted kitchens, Moores Furniture Group, Nobia AB, Omega plc, Paula Rosa Manhattan, Procurement for Housing, Reginox bv, Schuller Mobelwerk KG, The Symphony Group plc, Wickes Building Supplies Ltd., and Wren Kitchens Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Market Segmentation by Distribution Channel
9 Customer Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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