This report series provides accurate forecasts on quarterly basis through to Q2 2015. It analyses the UK furniture & floorcoverings sector, examining market demand and price pressures and how eocnomic trends will impact on retail expenditure.
A unique forecasting tool providing dynamic forecasts and analysis of market demand and price pressures. Inflation, volume and value growth are estimated quarterly to Q2 2015 to give market size and trends. This is a sector report covering the UK furniture and floorcoverings market.
For the first time since Q4 2007, the furniture & floorcoverings market will acheive sales growth over a quarter with sales in Q3 2013 up 0.3%. This will be driven by housing transactions returning to growth during this period as the more affluent start to move house again. Growth will be driven by inflation rather than volumes.
Despite the growth in Q3, furniture & floorcoverings sales will remain negative for the whole year as the majority of customer continue to shy away from making big ticket, discretionary purchases. Floorcoverings will remain negative in each quarter as shoppers prioritise thier spend elsewhere and due to its hardwearing nature.
In 2013, the only sub-sectors which will acheive growth will be beds & bedroom furniture and upholstery. The closer links with comfort & the customers well-being on beds mean that if a bedstead breaks, shoppers will prioritise buying another one. The expansion of specialists such as DFS and CSL will aid the growth of upholstery.