PUBLISHER: GlobalData | PRODUCT CODE: 1366560
PUBLISHER: GlobalData | PRODUCT CODE: 1366560
The UK Homewares report offers a comprehensive insight into the Homewares market in the UK, analysing the sector, the major players, the main trends, and consumer attitudes, as well as providing market forecasts out to 2027.
The UK homewares market is forecast to decline by 0.5% in 2023 as the effects of the boom in the market during the pandemic have worn off, with demand having normalised in 2022, and consumers have reduced their spending on non-essential items due to the cost-of-living crisis. Despite this, the market has held up slightly better than anticipated due to the essential nature of some products, as well as the lower prices of decorative items that persuades shoppers to make impulse purchases. The market is forecast to return to growth in 2024, rising by 1.3%, as inflation eases and consumers have more disposable income to spend on their homes.