July 12, 2022 02:45 ET | Source: GlobalData Plc GlobalData Plc
LONDON, July 12, 2022 (GLOBE NEWSWIRE) -- The “United Kingdom (UK) Living Room Furniture Market to 2025” report offered by GlobalData Plc provides an overview of the performance of key players in the living room furniture market, their customer demographics, and why consumers choose to shop with them. The report also helps customers discover the best-performing channels within the market. Moreover, it sheds light on consumer shopping behavior and sentiment.
The UK living room furniture market size was £3.9 billion in 2020. The market is expected to grow by more than 25% from 2020 to 2025. Online has become one of the most important drivers of retailer choice during the pandemic for living room furniture shoppers. It sits only behind the most important driver, product range. This trend is unlikely to completely drop off after COVID as consumers are now used to the advantages of online shopping and are comfortable using the platform. Respondents of a survey have agreed that it was easier to browse for living room furniture online than instore, and more enjoyable too.
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Leading Retailers in the UK Living Room Furniture Market
DFS remained the market leader in living room furniture in 2020, with its share more than double that of IKEA in second place. Its top-of-mind awareness for upholstery and extended range architecture has enabled it to outperform the market in 2020.
UK Living Room Furniture Market Share, by Leading Retailers
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UK Living Room Furniture Market Segment Analysis by Category
UK Living Room Furniture Market Share, by Category
Download a sample report for detailed category insights on the UK Living Room Furniture Market
UK Living Room Furniture Market Segment Analysis by Distribution Channels
UK Living Room Furniture Market Share, by Distribution Channel
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UK Living Room Furniture Market Overview
What was the UK living room furniture market size in 2020? The living room furniture market size in the UK was valued at £3.9 billion in 2020.
What is the UK living room furniture market growth rate? The living room furniture market in the UK is expected to grow by more than 25% from 2020 to 2025.
Which are the key categories in the UK living room furniture market? The key categories in the UK living room furniture market are armchairs and settees, suites, modular seating, sofabeds, pouffes and footstools, table, seating, and storage (irrespective of room).
Which are the key distribution channels in the UK living room furniture market? The key distribution channels in the UK living room furniture market are home furniture & floorcoverings specialists, remote retailers, independents, clothing specialists, variety stores & general merchandisers, department stores, homewares specialists, and others.
Which are the leading retailers in the UK living room furniture market? The leading retailers in the UK living room furniture market are DFS, IKEA, ScS, Next, Sofology, Furniture Village, Oak Furniture Land, Argos, Wayfair, and Made.com.
Difficulties in fulfilling orders at the end of 2020 impacted growth
DFS remains comfortably top but the pureplays were 2020’s big winners
Consumers favour quality over style
Retailers increasingly judged on online capabilities
Overall sector size and growth
Sector size and growth: armchairs & settees
Sector size and growth: suites
Sector size and growth: modular seating
Sector size and growth: sofabeds
Sector size and growth: poufees & footstools
Sector size and growth: other living room seating
Sector size and growth: table
Sector size and growth: storage (irrespective of room)
Category growth & size: 2020-2022
Opinions on living room furniture
Average spend by product subcategory
Things retailers should improve on
Store type usage for browsing
Store type usage for purchasing
Overall penetration, by subcategory and by product
Opinions on COVID-19 and Living Room Furniture
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