Furniture Market In Our Country
The United Kingdom is the second-largest furniture market in Europe after Germany 1. In 2020, UK households purchased approximately GBP 14.4 billion furniture and furnishings 1. The furniture market is expected to grow annually by 3.12% (CAGR 2023-2028) and the market’s largest segment is the segment Living Room Furniture with a market volume of US$6bn in 2023 2.
The United Kingdom Furniture Market size is expected to grow from USD 26.37 billion in 2023 to USD 30.60 billion by 2028, at a CAGR of 3.02% during the forecast period (2023-2028) 3. United Kingdom furniture manufacturing makes a significant contribution to the United Kingdom economy 3.
In conclusion, the furniture market in the United Kingdom is expected to grow in the coming years. The market is driven by factors such as sustainability, modularity, minimalism, bold colors, mixed materials, multifunctional furniture, comfort, artisanal craftsmanship, and smart furniture 213.
