United Kingdom furniture market is expected to register robust growth in the forecast period, 2023-2027. Furniture refers to the movable pieces of furniture prepared by skilled craftsmen utilizing the best quality material and designed with zero margin for error. It adds to the aesthetic value of the commercial and household establishments, including hotels, offices, homes, and other indoor and outdoor areas. The changing lifestyles and constantly enhancing living standards of the people in the urbanized regions are encouraging consumers to adopt luxury furniture. Moreover, manufacturers are coming up with striking new designs of furniture and collaborating with interior designers to increase their visibility to capture a wider customer base.

Expanding Real Estate Industry Post COVID-19 Lockdown Restrictions Augments the Market Growth

The growing economy of developed countries like United Kingdom has supported the development of both the commercial buildings and real estate of the country. Continuous advancements in the manufacturing and service providing industries. With this, the expanding service sector, along with the BPO/KPO industries supports the growth of the market. The rising construction of commercial building owing to the high need for more office spaces has augmented the demand for furniture in residential as well as commercial spaces. The development of luxury housing projects especially in the metropolitan cities and the high need for furniture including beds, tables, chairs, couch sets, dining tables, etc., especially in the urban areas is projected to accelerate the market growth in the future years.

Shifting Consumer Preferences Towards Home Décor Drives the Market Growth

The shifting preferences among consumers towards the appealing home furniture along with the rising demand for adaptable furniture is driving the market growth. In addition to this, the enhancing standards of people with the changing lifestyles on account of the development of the housing sector is also propelling the growth of the market. The growing awareness among the consumers regarding the recycling and sustainability which compels consumers towards the engineered wood furniture/refurbished furniture over plastic furniture which is contributing to the market growth. Subsequently, the manufacturers are continuously focusing on launching the innovative and sustainable products that can fulfil the demand across United Kingdom.