Kitchen Furniture Manufacturing in the UK Industry Market Research Report now updated by IBISWorld

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The kitchen is at the heart of the home. As such, many people are keen to have well designed and attractive kitchen furniture. However, spending on kitchen furniture has been hit by a drop in consumer confidence and a downturn in the housing property market. The total UK market for kitchen furniture is worth about £3.0 billion at the retail level. At producer and import prices, the domestic market is estimated to be worth about £1.37 billion in 2012-13, of which about £240 million, or 17.3%, will be satisfied by imports. Revenue of the Kitchen Furniture Manufacturing industry is forecast to fall at a real annualised rate of 11.1% in the five years through 2012-13. Industry revenue has been negatively affected by a decline in domestic demand for kitchen furniture, and increasing competition from imports. Export sales will also fall, despite a depreciation in the pound over the period. Home building activity in the United Kingdom has contracted since 2007-08, and this has adversely affected sales of kitchen furniture to the local building sector. Industry revenue is forecast to grow in the five years through to 2017-18. Growth will be due mainly to an increase in domestic demand arising from improvements in the UK housing market and in general economic conditions. For these reasons, industry research firm IBISWorld has updated its report on the Kitchen Furniture Manufacturing industry.

IBISWorld Market Research

IBISWorld Market Research

Spending on kitchen furniture has been hit by a drop in consumer confidence

The kitchen is at the heart of the home. As such, many people are keen to have well designed and attractive kitchen furniture. However, spending on kitchen furniture has been hit by a drop in consumer confidence and a downturn in the housing property market. The total UK market for kitchen furniture is worth about £3.0 billion at the retail level. At producer and import prices, the domestic market is estimated to be worth about £1.37 billion in 2012-13, of which about £240 million, or 17.3%, will be satisfied by imports. According to IBISWorld industry analyst Nigel Fitzpatrick, “UK manufacturers of kitchen furniture are expected to generate revenue of £1.16 billion in 2012-13, down 6.3% on the previous year”.

Revenue of the Kitchen Furniture Manufacturing industry is forecast to fall at a real annualised rate of 11.1% in the five years through 2012-13. Industry revenue has been negatively affected by a decline in domestic demand for kitchen furniture, and increasing competition from imports. Export sales will also fall, despite a depreciation in the pound over the period. Fitzpatrick adds, “home building activity in the United Kingdom has contracted since 2007-08, and this has adversely affected sales of kitchen furniture to the local building sector”. Industry revenue is forecast to grow in the five years through to 2017-18. Growth will be due mainly to an increase in domestic demand arising from improvements in the UK housing market and in general economic conditions.

The Kitchen Furniture Manufacturing industry exhibits medium market share concentration, with the four largest players in the industry accounting for about 44% of industry revenue in 2012-13. The market shares of the top four players has increased in recent years. However, market concentration is much higher in the flat pack furniture market compared with the fragmented bespoke furniture market. Flat pack manufacturers are better able to take advantage of economies of scale. There are a large number of small and privately owned businesses, which predominantly service the bespoke made-to-order furniture market. Major companies include Howden Joinery Group and Magnet.
For more information on the Kitchen Furniture Manufacturing industry, including latest industry trends, statistics, analysis and market share information, purchase the full report from IBISWorld, the nation’s largest publisher of industry research.

IBISWorld industry Report Key Topics

Operators in this industry manufacture furniture for the kitchen.
Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalisation & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld
Recognised as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on many UK industries. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in London, IBISWorld serves a range of business, professional service and government organisations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.co.uk or call (020) 3008 6568.

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