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.