The homeware market in the UK has expanded substantially in the last decade, going from 10.8 billion to 13.6 billion British pounds by 2019. The coronavirus crisis had a major impact on the homeware market in 2020, but the source expected the market to recover from 2022 onwards.
At home with the market
The tetail sales trend of furniture and furnishings in the UK reflects the growth displayed in the present stat. Until 2017, the combined revenue generated by businesses in this sector Increased almost annually. This was driven by increasing consumer spending as the expenditure on homeware goods such as furniture increased annually from 2013 to 2019.
Homegrown homewares for the UK
British consumers' preferred types of homeware stores are a mix of home-grown and global companies. Between 2010 and 2015, the British homeware and furniture retailer Dunelm had the largest share in the market. Dunelm was followed by another domestic brand: John Lewis. IKEA featured with a 4.7 share following behind, but with oscillating numbers.
Value of the homeware market in the United Kingdom (UK) from 2010 to 2020, with a forecast up to 2022
(in billion GBP)
Characteristic
Market value in billion GBP
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Dunelm. (October 9, 2020). Value of the homeware market in the United Kingdom (UK) from 2010 to 2020, with a forecast up to 2022 (in billion GBP) [Graph]. In Statista. Retrieved July 21, 2024, from https://www.statista.com/statistics/501761/homewares-market-value-united-kingdom-uk/
Dunelm. "Value of the homeware market in the United Kingdom (UK) from 2010 to 2020, with a forecast up to 2022 (in billion GBP)." Chart. October 9, 2020. Statista. Accessed July 21, 2024. https://www.statista.com/statistics/501761/homewares-market-value-united-kingdom-uk/
Dunelm. (2020). Value of the homeware market in the United Kingdom (UK) from 2010 to 2020, with a forecast up to 2022 (in billion GBP). Statista. Statista Inc.. Accessed: July 21, 2024. https://www.statista.com/statistics/501761/homewares-market-value-united-kingdom-uk/
Dunelm. "Value of The Homeware Market in The United Kingdom (Uk) from 2010 to 2020, with a Forecast up to 2022 (in Billion Gbp)." Statista, Statista Inc., 9 Oct 2020, https://www.statista.com/statistics/501761/homewares-market-value-united-kingdom-uk/
Dunelm, Value of the homeware market in the United Kingdom (UK) from 2010 to 2020, with a forecast up to 2022 (in billion GBP) Statista, https://www.statista.com/statistics/501761/homewares-market-value-united-kingdom-uk/ (last visited July 21, 2024)
Value of the homeware market in the United Kingdom (UK) from 2010 to 2020, with a forecast up to 2022 (in billion GBP) [Graph], Dunelm, October 9, 2020. [Online]. Available: https://www.statista.com/statistics/501761/homewares-market-value-united-kingdom-uk/