The UK Sector Series: Homewares, 2024-2029 report forms part of GlobalData's UK Sector Series and 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 2029.
The homewares market is projected to grow at a compound annual growth rate (CAGR) of 2.2% between 2024 and 2029, reaching £16.0bn by the end of the period. Volumes are forecast to begin growing from 2026 onwards, although inflation will continue to be the primary driver of sales growth. The online channel will outpace offline growth in every year of the forecast period, growing at a CAGR of 3.2% versus 1.7%, with retailers that have strong online propositions like Amazon and Dunelm well-placed to maintain their forward momentum in the sector.
Key Highlights
- Homewares growth will accelerate out to 2029, driven by rising real incomes and housing transactions
- Dunelm was the biggest winner in 2024, while IKEA was the biggest loser
- Growth of resale poses challenges to the sector
- Growing importance of convenience to consumers
Scope
- Homewares growth will accelerate out to 2029, driven by rising real incomes and housing transactions
- Dunelm was the biggest winner in 2024, while IKEA was the biggest loser
- Growth of resale poses challenges to the sector
- Growing importance of convenience to consumers
Reasons to Buy
- Using our five year forecasts to 2029, learn which categories in the Homewares market will be the fastest performing to enable focus and investment in these winning product areas.
- Understand how drivers of Homewares purchases, such as range, price and quality, vary in importance among different demographics to maximise sales potential.
- Use our in-depth analysis and forecasts to understand the current and future performances of the different channels, including online and offline.