- Published: January 2012
- Region: Global
Domestic Bedroom Furniture Market - UK 2010-2014
- Published: May 2010
- Region: United Kingdom
- 71 pages
- AMA Research
The 10th edition of the report ‘Domestic Bedroom Furniture Market – UK 2010-2014’ includes up to date information on recent trends and issues that continue to impact on the market.
The market has followed an interesting path in recent years, with a relatively static performance in the middle of the decade followed by a downturn in the market in 2008 and 2009, in common with many other consumer durable markets.
However, in the case of the bedroom furniture sector, the market has not been so badly affected, perhaps because of the changing demands from youngsters or the space pressures in homes placing more demands for use of bedrooms, or perhaps because the market is driven to a greater extent by need, rather than desire, as in the case of the kitchen furniture market for example.
Nevertheless the market has been difficult and highly competitive and the report examines the various aspects underpinning growth and driving change in the industry and assesses the likely future prospects for the sector through to 2014.
The report contains:
- A DETAILED ASSESSMENT OF THE MARKET - analysis of major developments and current and future trends.
- REVIEW OF KEY MATERIAL AND SECTOR TRENDS.
- REVIEW OF THE SUPPLY AND DISTRIBUTION STRUCTURE – impact of MFI failure.
- FORECASTS MARKET DEVELOPMENTS UP TO 2014.
Areas of particular interest:
- Market performance of bedroom furniture sectors, including underlying growth factors, trends and future prospects.
- Why has the bedroom furniture market not fared as badly as other sectors?
- The changing role of the bedroom as smaller homes put pressure to use space efficiently. Growing need for multi-purpose furniture and good design.
- Development of niche sectors such as children’s bedroom furniture and an increase in demand for multi-functional bedroom furniture during 2007.
- Rising imports, particularly from Far East, which continue to put pressure on UK
Leading companies mentioned in the report include:
Alstons (Cabinets) Ltd, Andrena Reproductions Ltd, Canberg Ltd (formerly Smallbone Plc), Carlton Furniture Ltd, Charles Barr Furniture Ltd, Corndell Furniture Ltd, Crown Products (Kent) Ltd, Daval Furniture Ltd, Dreams Plc, Ercol Furniture Ltd, Eric Bates & Sons Ltd, Flexa Furniture Ltd, Furniture Village Ltd, Gautier, H. Morris & Co Ltd, Habitat UK Ltd, Hammonds Furniture Ltd, Harveys – The Furniture Store, Heal’s Plc, Hülsta Furniture (UK) Ltd, J.S.Bradley Ltd, Kingstown Holdings Ltd, Neville Johnson Ltd, Paragon Makers, Sharps Bedrooms, Spacemaker Bedrooms Ltd, Steinhoff UK Holdings Ltd, Stompa (UK) Ltd, Strachan Furniture Makers Ltd, The IKEA Group, The Symphony Group Plc, Whiteleaf Furniture Ltd, William Ball Ltd, Willis & Gambier (UK) Ltd, Woodberry Bros and Haines Ltd.
Key areas covered in the report include:
- UK domestic bedroom furniture market, market definition, size and current situation 2004-2009, recent market performance, factors underpinning demand and restricting growth.
- Growth in imports and change in level of exports 2000 to 2009, supply mix and countries of origin of imports.
- Key market influences, including levels of construction, housing market, economic trends, impact of global credit crisis, short-term prospects etc.
- Future prospects – market size and forecast trends up to 2014.
- Trends in terms of fitted and freestanding furniture, home office, recreational and multi-purpose furniture.
- Overall UK furniture market size, key drivers and recent trends.
- Bedroom furniture by type, i.e. fitted or freestanding, product mix and recent trends.
- Key factors driving growth and change in the industry – pressure on space, demands from children/youngsters, technology impacts, etc.
- Product mix, flat pack and rigid – market share, trends, driving factors etc.
- Style and design trends, growth in niche sectors, mix between contemporary and traditional styles.
- Growth sectors, i.e. storage, children’s and teenagers’ bedroom furniture – shares, recent trends, future prospects, market drivers etc.
- Materials and finishes, share by materials and trends.
- Changes in market structure – consolidation in supply structure, growth of imports etc.
- Major furniture manufacturers and suppliers by turnover size and market share – recent changes, market positioning etc.
- Major distribution channels, and share by type of outlet – Furniture Multiples, Independents, Mail Order/Catalogue, Specialists, Dept. Stores/Variety Stores/DIY etc.
- Key companies, by type of outlet – major players.
- Key growth areas – prospects for 2010 and up to 2014.
- Important developments in the major product and market sectors.
- Review of key economic factors impacting the market.
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1.2 SOURCES OF INFORMATION
2. SUMMARY AND FUTURE PROSPECTS
2.2 FUTURE PROSPECTS
3. ECONOMIC ENVIRONMENT
3.2 INFLATION & INTEREST RATES
3.4 HOUSEHOLD CONSUMPTION
3.6 POPULATION PROFILE
4. THE UK FURNITURE MARKET, HOUSING INFLUENCES
4.1 OVERALL FURNITURE MARKET SIZE AND TRENDS
4.2 CONSUMER CHARACTERISTICS
4.3 HOUSING TRENDS AND DEMOGRAPHICS
4.3.1 New Housebuilding
4.3.2 House Moving
4.3.3 Household Size
5. THE UK BEDROOM FURNITURE MARKET
5.1 MARKET DEFINITION
5.2 MARKET SIZE AND CURRENT SITUATION
5.3 MARKET PROSPECTS
5.4 OVERALL MARKET TRENDS
5.5 IMPORTS AND EXPORTS
6. PRODUCT MIX
6.1 PRODUCT DEFINITION
6.2 FITTED AND FREESTANDING BEDROOM FURNITURE
6.2.1 Product Mix
6.3 TYPE OF BEDROOM FURNITURE: FLAT PACK AND RIGID
6.3.1 Product Mix
6.4 PRODUCT DESIGN
6.4.1 Design Trends
6.4.2 Storage Solutions
6.4.3 Children and Teenagers Bedroom Furniture
6.5 MATERIALS AND FINISHES
6.5.2 Other Materials and Finishes
7.1 MARKET SHARE
7.2 MAJOR SUPPLIERS
7.3 OTHER SUPPLIERS:
8.2 FURNITURE MULTIPLES
8.3 RETAIL SPECIALISTS
8.4 MAIL ORDER AND CATALOGUE RETAILERS
8.5 FURNITURE INDEPENDENTS
8.6 DEPARTMENT STORES AND VARIETY CHAINS
8.6.1 Department Stores
8.6.2 Variety Chains
8.7 DIY MULTIPLES
8.8.2 Grocery Multiples
TABLE 1: UK DOMESTIC BEDROOM FURNITURE MARKET 2004-2014 - £M MSP 8
CHART 2: INTEREST RATES AND INFLATION (CPI) FROM 1992-2014 15
CHART 3: PDI & SAVINGS RATIO AT CURRENT PRICES 1992-2014 17
TABLE 4: EXCHANGE RATE FLUCTUATIONS 2004-2010 - STERLING TO THE DOLLAR, AND THE EURO, SPOT RATES 18
CHART 5: AGE DISTRIBUTION OF THE RESIDENT UK POPULATION MID 2008 (‘000) 19
TABLE 6: THE UK MARKET FOR DOMESTIC FURNITURE 2004-2010 (£M MSP) 21
CHART 7: UK MARKET MIX OF FURNITURE 2002, 2005 & 2009 22
CHART 8: FITTED AND NON-FITTED FURNITURE 2009 - % SHARE BY VALUE 23
TABLE 9: AVERAGE WEEKLY HOUSEHOLD EXPENDITURE 24
TABLE 10: HOUSE BUILDING COMPLETIONS 2004-2014 – GB (000’S DWELLINGS) 26
TABLE 11: NUMBER OF PROPERTY TRANSACTIONS IN ENGLAND AND WALES 2004-2014 (000’S) 28
TABLE 12: AVERAGE HOUSEHOLD SIZE FOR GREAT BRITAIN 1991-2008 29
TABLE 13: UK DOMESTIC BEDROOM FURNITURE MARKET 2004-2014 - £M MSP 31
TABLE 14: IMPORTS AND EXPORTS OF WOODEN BEDROOM FURNITURE 2000-2009 BY VALUE (£M) 38
CHART 15: % SUPPLY MIX IN THE UK BEDROOM FURNITURE MARKET 2000, 2005 AND 2009 39
TABLE 16: COUNTRIES OF ORIGIN FOR IMPORTS OF WOODEN BEDROOM FURNITURE 2007-2009 MARKET SHARE BY VALUE (£M) 40
CHART 17: MIX OF FITTED & FREESTANDING BEDROOM FURNITURE – 2009 BY VALUE 42
TABLE 18: FITTED AND NON-FITTED KITCHEN, BEDROOM AND BATHROOM FURNITURE MARKET SHARE BY VALUE 2009 43
CHART 19: THE UK BEDROOM FURNITURE MARKET - VALUE MIX OF RIGID/FLAT PACK 2001-2009 44
CHART 20: MIX OF CONTEMPORARY/TRADITIONAL STYLES OF BEDROOM FURNITURE 2009 46
CHART 21: MIX OF CHILDREN’S & TEENAGE/ADULT BEDROOM FURNITURE 2009 48
CHART 22: MIX OF MATERIALS USED IN THE BEDROOM FURNITURE SECTOR - % BY VALUE 2009 51
TABLE 23: MARKET SHARE OF MAJOR BEDROOM FURNITURE SUPPLIERS 2009 - BY VALUE 54
TABLE 24: DISTRIBUTION OF BEDROOM FURNITURE – 2009 BY VALUE SHARE 62
The UK Bedroom Furniture market was estimated to be worth approximately £580m (MSP) in 2009, representing approximately 13% of the overall Domestic Furniture market. Since 2004 the market has been static and more recently has experienced significant declines in 2008 (4%) and 2009 (6%) and as a result the share of the overall furniture market has declined marginally since 2002.
While this recent deterioration is significant, it is far less than in other consumer durable sectors, such as kitchens, where the market grew sharply between 2004 and 2007, but has since dropped sharply. By contrast the bedroom furniture market has fallen slightly between 2004 and 2007, but then dropped more rapidly since then and is now 12% lower than the 2004 market size, compared to the kitchen furniture sector, which is only 7% down on the 2004 level, despite falling 12% in 2009.
The onset of the housing crisis towards the end of 2007 and the impact of the global credit crunch immediately lowered levels of consumer confidence. The construction industry was particularly badly affected, which in turn impacted adversely on related markets such as furniture, and contributed to growing uncertainty amongst consumers in both 2008 and 2009.
Other pressures within the domestic furniture market include the rapid penetration of low cost imports from the Far East and Eastern Europe, which have driven down prices and margins. Whilst imports have increased significantly in the last decade and currently account for around 71% of the bedroom furniture market, most fitted furniture is manufactured in the UK.
Growing competition in a declining market is also reflected in the increasing number of liquidations in the sector, both at manufacturer and retail level, with MFI, a market leader in this sector, being the major example.
In general, it appears that short term prospects for the next 5 years are likely to prove relatively difficult for the industry, with forecasts showing little or no volume growth in the bedroom furniture market. Most of any future growth within the bedroom furniture sector is expected to come from the lower end of the market and in the short term this sector may gain at the expense of the medium to higher priced end.
In overall terms, bedroom furniture remains a mature market, although future demand will be driven by a steadily increasing number of households and greater pressures on space utilisation and flexibility. Market conditions are likely to remain very competitive in 2010, but should recover in the medium term, although they are unlikely to provide high levels of market growth, as imports continue to drive down prices and margins.
- Alstons (Cabinets) Ltd
- Andrena Reproductions Ltd
- Canberg Ltd (formerly Smallbone Plc)
- Carlton Furniture Ltd
- Charles Barr Furniture Ltd
- Corndell Furniture Ltd
- Crown Products (Kent) Ltd
- Daval Furniture Ltd
- Dreams Plc
- Ercol Furniture Ltd
- Eric Bates & Sons Ltd
- Flexa Furniture Ltd
- Furniture Village Ltd
- H. Morris & Co Ltd
- Habitat UK Ltd
- Hammonds Furniture Ltd
- Harveys – The Furniture Store
- Heal’s Plc
- Hülsta Furniture (UK) Ltd
- J.S.Bradley Ltd
- Kingstown Holdings Ltd
- Neville Johnson Ltd
- Paragon Makers
- Sharps Bedrooms
- Spacemaker Bedrooms Ltd
- Steinhoff UK Holdings Ltd
- Stompa (UK) Ltd
- Strachan Furniture Makers Ltd
- The IKEA Group
- The Symphony Group Plc
- Whiteleaf Furniture Ltd
- William Ball Ltd
- Willis & Gambier (UK) Ltd
- Woodberry Bros and Haines Ltd