Home comforts: The ongoing expansion of the housing market is expected to support growth

The Furniture, Lighting & Homeware Retailers industry sells various products ranging from upholstered furniture such as sofas and armchairs, to home office items such as desks and workplace storage. The industry's major markets include new homeowners, accounting for 61.6% of revenue, replacement buyers (31.1%) and office furniture consumers (7.3%). The industry has a moderate level of market share concentration, with IKEA, Home Retail Group, Dunelm and DFS Furniture taking the top four positions in terms of revenue, and accounting for a total 44% market share in 2018-19.Over the five years through 2018-19, IBISWorld expects revenue to increase at a compound annual rate of 2.9%...read more.

Industry Statistics & Market Size
Revenue
£12.3bn
Annual Growth 14-19
2.9%
Forecast Growth 19-24
Profit
Employment
106,444
Businesses
10,444

Industry Threats & Opportunities

  • Strong demand, supported by an expanding housing market, boosted industry performance
  • Changing lifestyle trends have stimulated demand for more functional and multi-use furniture
  • Incorporation of value-added services and online retail investment are likely to be key trends
  • Industry Report - Industry Key Buyers Chapter

    The industry comprises a high number of small independent retailers and a few large chain operators. The top four players are expected to have a combined market share of 44.0% in 2018-19. Although significant restructuring and consolidation activity has occurred among furniture retailers, market shares for many large retailers are not expected to change substantially over the coming five-year period. Competition from department stores is strengthening, as are internet sales. Some manufacturers and importers have also started to sell directly to the public, which presents another external threat. Second-hand furniture sellers and auction websites provide yet more competition and are typically small independent retailers or individuals...purchase to read more.

    Additional Insights for the Furniture, Lighting & Homeware Retailers Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Furniture, Lighting & Homeware Retailers Industry are

  • Having links with suppliers
  • Ability to control stock on hand
  • Access to multiskilled and flexible workforce
  • IBISWorld analysts also discuss how external factors such as Real household disposable income and Capital expenditure on dwellings in the Furniture, Lighting & Homeware Retailers industry impact industry performance..

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    What's in this report

    What is the Furniture, Lighting & Homeware Retailers Industry?

    Operators in the industry sell household, outdoor and office furniture, and other household goods such as light fixtures, utensils, cutlery, crockery, glassware and non-electrical household appliances.

    Industry Products
  • Upholstered furniture
  • Beds and bedding
  • Bedroom furniture
  • Kitchen furniture
  • Fittings and homeware
  • Delivery options
  • Industry Activities
  • Retailing household furniture
  • Retailing lighting fixtures
  • Selling household utensils, cutlery, crockery, glassware, china and pottery
  • Selling wooden, cork and wickerwork goods
  • Selling non-electrical household appliances
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Real household disposable income
  • Capital expenditure on dwellings
  • Demand from department stores
  • Number of residential property transactions
  • Consumer confidence index

  • Current Performance
  • Industry growth
  • Changing consumer tastes
  • Competitive threats
  • Current concerns
  • Profit and market structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Revenue constraints
  • Opportunities for growth
  • Technology driving growth
  • Profit and market structure
  • Table: Furniture, Lighting & Homeware Retailers Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Furniture, Lighting & Homeware Retailers Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Specialised Design Activities
  • Consumers

  • Key Selling Industries
  • Furniture, Carpet & Lighting Wholesaling
  • Household Textile & Soft Furnishing Manufacturing
  • Kitchen Furniture Manufacturing
  • Mattress Manufacturing
  • Office & Shop Furniture Manufacturing
  • Office Furniture Wholesaling

  • Products & Services
  • Upholstered furniture
  • Kitchen furniture
  • Fittings and homeware
  • Beds and bedding
  • Bedroom furniture
  • Other
  • Delivery options
  • Chart: Furniture, Lighting & Homeware Retailers Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • New homeowners
  • Replacement buyers
  • Office furniture buyers
  • Chart: Major Market Segmentation for the Furniture, Lighting & Homeware Retailers Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesMarketingDepreciationOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Furniture, Lighting & Homeware Retailers

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Furniture, Lighting & Homeware Retailers Industry

  • Industry Globalization
    IKEA Limited, Home Retail Group Ltd, Dunelm Group plc, DFS Furniture plc,
  • Table: IKEA Limited - financial performance
  • Table: Home Retail Group Ltd - financial performance
  • Table: Dunelm Group plc - financial performance
  • Table: DFS Furniture plc - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Furniture, Lighting & Homeware Retailers Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Furniture, Lighting & Homeware Retailers Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Capital Expenditure On Dwellings
  • Private and public spending on the purchase of new properties and work on existing properties.
  • E-Tailer
  • A retailer that conducts business over the internet.
  • Multichannel Retailing
  • A method of shopping where customers use different channels to make their purchase. These can include smartphone apps, the internet, retail stores and catalogues.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Furniture, Lighting & Homeware Retailers market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Furniture, Lighting & Homeware Retailers:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Furniture, Lighting & Homeware Retailers market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Furniture, Lighting & Homeware Retailers, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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