| WWW.THE-LIST.CO.UK |
| REPORTFINDER |
Worldwide Business Information and Market Reports
Telephone +44 1404 891528 Fax +44 1404 891717 Email reportfinder @ tiscali.co.uk
| WWW.THE-LIST.CO.UK |
| REPORTFINDER |
Worldwide Business Information and Market Reports
Telephone +44 1404 891528 Fax +44 1404 891717 Email reportfinder @ tiscali.co.uk
This report covers:
Companies covered include:
GO TO LATEST EDITION
Table of Contents Executive Summary
Back to Wood Products Index and Shopping
Cart
Back
To REPORTFINDER home page and Search
Engine
WANT TO BUY THIS? The easiest way is just to ring ReportFinder on +44 (0) 1404 891528 from 0900 to 1930 UK time and ask for Sales.Just one of a HUGE range of titles from publishers such as Aktrin, AMA Research, eMarketer, Key Note, MAPS, MBD, MSI and The Prospect Shop that you can BUY RIGHT NOW online from us. To buy or to browse further, use either of the Back To buttons below to activate our catalogue. If you would like to buy this title, you will find it in alphabetic order in the Index using the first Back To button. If you need further information, please contact us using the details at the top of this page. Please tell your colleagues if you find our site useful!
1. |
INTRODUCTION |
5 |
2. |
SUMMARY |
7 |
3. |
ECONOMIC ENVIRONMENT |
10 |
| 3.1 | General | 10 |
| 3.2 | GDP Growth | 11 |
| 3.3 | Interest Rates & Inflation | 11 |
| 3.4 | Unemployment | 11 |
| 3.5 | Household Consumption, Earnings & Spending | 12 |
| 3.6 | Sterling | 12 |
4. |
THE UK FURNITURE MARKET |
13 |
| 4.1 | Definition And Market Size | 13 |
| 4.2 | Consumer Characteristics | 15 |
| 4.3 | Product Mix - Overall Furniture Market | 17 |
| 4.4 | The UK Bedroom Furniture Market | 19 |
| 4.4.1 | Background | 19 |
| 4.4.2 | Definitions | 19 |
| 4.4.3 | Market History | 21 |
| 4.4.4 | Future Prospects | 23 |
| 4.5 | Market Comparisons | 25 |
| 4.6 | Fitted & Non-Fitted Bedroom Furniture | 27 |
| 4.7 | Household Penetration of Fitted Bedroom Furniture | 31 |
5. |
PRODUCT RANGE |
36 |
| 5.1 | Product Definitions | 36 |
| 5.2 | Type Of Bedroom Furniture | 36 |
| 5.3 | Method of Assembly | 39 |
| 5.3.1 | Mix By Assembly Type | 39 |
| 5.3.2 | Self-Assembly | 40 |
| 5.3.3 | Professionally Fitted | 42 |
| 5.4 | Styles Of Domestic Bedroom Furniture | 43 |
| 5.4.1 | General | 43 |
| 5.4.2 | Bedroom Furniture For Children And Teenagers | 44 |
| 5.4.3 | Study Bedroom/Home Office Furniture | 46 |
| 5.4.4 | Other Bedroom Furniture Trends | 47 |
| 5.5 | Sliding Wardrobe Doors | 48 |
| 5.6 | Materials And Finishes | 49 |
| 5.6.1 | Environmental Protection Act | 52 |
6. |
IMPORTS & EXPORTS |
53 |
7. |
SUPPLIERS |
59 |
| 7.1 | Supply Structure | 59 |
| 7.2 | Market Share | 60 |
| 7.3 | Major Suppliers | 63 |
| 7.4 | Other Suppliers | 67 |
8. |
DISTRIBUTION |
70 |
| 8.1 | Definitions | 70 |
| 8.2 | Distribution Channel Shares | 70 |
| 8.3 | Multiples | 72 |
| 8.4 | Furniture Independents | 75 |
| 8.5 | Retail Specialists | 75 |
| 8.6 | Mail Order | 76 |
| 8.7 | Department Stores, Variety Stores & Co-operatives | 78 |
| 8.7.1 | Department Stores | 78 |
| 8.7.2 | Variety Stores | 78 |
| 8.7.3 | Co-operatives - Co-operative Retail Services | 78 |
| 8.8 | DIY Multiples | 79 |
| 8.9 | Others | 79 |
| 8.9.1 | Off The Page Selling | 79 |
| 8.9.2 | E-shopping | 80 |
9. |
KEY MARKET INFLUENCES |
81 |
| 9.1 | The Housing Market | 81 |
| 9.1.1 | New Housebuilding Sector | 81 |
| 9.1.2 | Value Of Output - New Work And RMI | 84 |
| 9.1.3 | House Moving Levels | 86 |
| 9.2 | Inflation And Interest Rates | 87 |
| 9.3 | PDI And Savings Ratio | 88 |
| 9.4 | Dwelling Stock And Household Tenure | 90 |
| 9.5 | Population Mix | 91 |
10. |
FUTURE PROSPECTS |
94 |
| 10.1 | Overall Market | 94 |
| 10.2 | Product Trends | 94 |
| 10.3 | General | 96 |
LIST OF TABLES AND CHARTS
| Chart 1 | The UK Domestic Bedroom Furniture Market (£m MSP) 1990-2004 | 7 |
| Table 2 | The UK Market For Domestic Furniture 1990-1999 (£m MSP) | 14 |
| Table 3 | Average Weekly Expenditure On Household Goods And Furniture By Age Of Head Of Household (£'s) 1997/1998 | 15 |
| Chart 4 | UK Market Mix Of Furniture 1990, 1997 & 1999 | 17 |
| Chart 5 | Fitted And Non-Fitted Furniture 1999 - percent Share By Value | 18 |
| Table 6 | UK Domestic Bedroom Furniture Market 1990-2004 - £m MSP | 21 |
| Chart 7 | UK Domestic Bedroom Furniture Market 1990-2004 - Constant 1990 Prices £ Million MSP | 23 |
| Chart 8 | Consumer Durables Market Growth 1990-2003 (1990 = 100) | 26 |
| Chart 9 | Mix of Fitted & Non-Fitted Bedroom Furniture - 1999 By Value | 29 |
| Table 10 | Fitted And Non-Fitted Kitchen, Bedroom And Bathroom Furniture Market Share By Value 1999 | 31 |
| Chart 11 | Household Pentration Of Fitted Bedroom Furniture 1985-2003 | 32 |
| Table 12 | Household Ownership Levels Of Consumer Durables 1987-2004 | 33 |
| Chart 13 | The UK Bedroom Furniture Market Value Mix Of Rigid/Flat Pack 1999 | 37 |
| Chart 14 | UK Bedroom Furniture Market By Type Of Assembly 1999 By Value | 39 |
| Chart 15 | Self-Assembly Bedroom Furniture Market £ Million MSP | 41 |
| Table 16 | Imports & Exports Of Wooden Bedroom Furniture 1990-99 By Value - (£ Million) | 53 |
| Table 17 | Countries Of Origin For Imports Of Wooden Bedroom Furniture 1998 - Market Share By Value (£ Million) | 55 |
| Table 18 | Export Destinations Of Wooden Bedroom Furniture - Market Share By Value (£ Million) 1998 | 57 |
| Table 19 | Furniture Manufacturers By Turnover Size 1998 | 59 |
| Table 20 | Major Suppliers To The Bedroom Furniture Market - Share By Value 1999 | 62 |
| Table 21 | Distribution Of Bedroom Furniture - Value Share 1999 | 71 |
| Table 22 | Housebuilding Completions (000’s Dwellings) 1990-2003 In GB | 81 |
| Table 23 | Housing Starts 1990-2003 In Great Britain By Sector (‘000) | 83 |
| Table 24 | Value Of New UK Housing Output And RMI Output (£M) 1990-1999 | 85 |
| Table 25 | Number Of Property Transactions In England And Wales 1990-1999 | 86 |
| Chart 26 | Interest Rates And Inflation (RPI) From 1990-2000 | 87 |
| Chart 27 | PDI & Savings Ratio - 1984-99 | 89 |
| Table 28 | Stock of Dwellings Great Britain - 1983-1999 | 90 |
| Table 29 | UK Households – percent By Type Of Tenure 1990, 1994 And 1998 | 91 |
| Chart 30 | Age Distribution Of The Resident UK Population 1998 (‘000) | 92 |
Back to Top
The Bedroom Furniture sector forms part of the overall UK Furniture market which consists of "Upholstered Furniture & Beds", "Dining Room & Occasional Furniture", "Kitchen Furniture", "Bathroom Furniture" and "Home Office Furniture", and was worth an estimated £3.5 billion during 1999. The overall market was dominated by upholstered furniture and beds during 1999 with a value share estimated at 45 percent, kitchen furniture had an estimated 25 percent value share, dining and occasional furniture had 14 percent, whilst bathroom furniture recorded an estimated 2 percent value share.
The Bedroom Furniture sector accounts for around 14 percent of the overall furniture market with an approximate value during 1999 of £502 million. Forecasts to 2004 estimate annual increases of 3-4 percent to reach a value of £595 million by 2004.
In a mature sector, the bedroom furniture market has tended towards gradual growth sustained over the period, rather than the more volatile experiences of other sectors, ie Floorcoverings. The bedroom furniture market experienced 8 percent growth during 1997, supported by building society de-mutualisation dividends, a buoyant housing market and high levels of consumer confidence. Since 1997 the growth levels within the sector have slowed to 3-4 percent affected by the general economic downturn and the slowing down of the housebuilding and house moving sectors in 1998/early 1999.
Key characteristics of the bedroom furniture market are its deferrable purchase nature, a lack of "visibility" within the home setting and price sensitivity. It is a relatively mature market sector with some reliance on the new housebuilding and house moving markets, and as such, tends towards steady levels of growth during prosperous periods and low levels of decline when the economy is performing badly.
Free standing furniture items were estimated to account for 74 percent of the bedroom furniture sector during 1999, with fitted bedroom furniture accounting for the remaining 24 percent. The fitted bedroom sector was constrained by price pressures within the market during 1998/9, but future prospects for bedroom furniture are relatively optimistic with both volume and value increases forecast. The key drivers will be the recovering housebuilding and house moving markets and "trading up" activity of consumers. The free standing sector remains strong and expectations are that the sustained demand for pine bedroom furniture pieces and consumer emphasis on better quality items will result in value growth for this sector.
Household penetration levels of fitted bedroom furniture were estimated at 10 percent during 1999, and this is expected to increase steadily to approximately 12 percent by 2004. When compared with the penetration levels of central heating and fitted kitchens (90 percent and 65 percent respectively) there is considerable scope for future development of the fitted bedroom sector.
The self-assembly sector of the bedroom furniture market was estimated to have increased from 46 percent during 1997, to 49 percent during 1999. The major reasons for the increase are the immediacy, convenience and availability of flat pack furniture, the increasing quality of the furniture types available in this medium, and the growth in demand for modular/flexible furniture items.
The types of furniture offered in self-assembly format tend to be foil and paper finished products that are less expensive than solid wood and wood veneer counterparts.
Bedroom furniture for children and teenagers has also experienced relatively high growth, with furniture manufacturers developing specific children and teenage bedroom ranges, and a number of specialist furniture makers entering the sector. The introduction of modular ranges, which can be added to over time as the child grows have meant that parents are now more willing to purchase more expensive but better quality items for the bedrooms of their growing families.
The Home Office Furniture market was worth an estimated £144 million during 1999, and has significant implications for the future growth of the bedroom furniture sector. The growth in the number of people working from home or installing a "home office" has led to certain rooms within the home having to adopt a flexibility of purpose. As a result, there has been an increased demand for multi-purpose furniture with more efficient storage space. This is increasingly blurring the definition of what constitutes "bedroom furniture".
International trade in wooden bedroom furniture has been affected by the strength of Sterling. This has lead to greater import penetration of the UK market during 1999, with imports representing approximately 23 percent of the total market, and a decline in the export sector.
Estimates indicate that there are approximately 4000 companies within the bedroom furniture sector. Major suppliers of bedroom furniture are MFI Furniture Group (Hygena/Schreiber) with an estimated 12 percent market share, followed by Silentnight Holdings (Silentnight Furniture) with 9 percent and Limelight Group (Sharps Bedrooms) with an estimated 8 percent value share. During 1999, over 40 percent of the market was composed of businesses with less than 1 percent value share.
The furniture multiples have increased their share of the bedroom furniture distribution channel to 34 percent, (33 percent in 1997), largely due to the growth of IKEA and the re-organisation of the MFI Furniture Group. Distribution channels such as mail order and E-commerce are expected to increase in the medium term as consumer confidence about shopping on the Internet increases.
Text © 2000 AMA Research
Back to TopBack
To REPORTFINDER HOME PAGEAriadne - working together with our customers to enhance productivity and increase knowledge
© 2000 www.the-list.co.uk Ariadne
Last updated by Mendoza Spinelli 8th September 2000