The market is dominated by domestic suppliers, as imports account for 40.3% of total market size in 2023. Households drive market demand, with household spending representing 64.9% of total demand in 2023. The UK has the second largest market size for furniture regionally, with demand reaching USD35.5 billion in 2023. Howden Joinery Group Plc is the largest company in the UK, generating 9.7% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 27.3% of total production value in 2023. The total number of companies increases in 2023, to 20,309 units. The costs of the industry increase by 0.7% in 2023, largely driven by rising labour costs. The industry’s profitability decreases and stands at 14.5% of production value in 2023, the fourth highest regionally. The industry’s exports share increases in 2023 to 12.0% of total production output. With production value of USD15.5 billion, the UK accounts for % of the Western Europe total in 2023.
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This Euromonitor industrial report provides unique information on Furniture in the United Kingdom: ISIC 361. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Furniture in the United Kingdom: ISIC 361 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
Household Goods is an aggregation of Furniture, Jewellery and Related Articles, Musical Instruments; Imitation Jewellery, Brushes and Other Personal Items, Sports Goods, Toys and Games, Watches and Clocks.
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