UK Sector Series: Homewares, 2023-2028

The UK Sector Series: Homewares, 2023-2028 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 2028.

The UK homewares market is forecast to increase by 0.8% in 2024 as consumers' finances improve due to inflation continuing to fall, with their spend on non-essential items growing, especially on lower-priced goods. As high mortgage rates persist, consumers are looking to spruce up their homes for less, causing them to invest in smaller homeware items rather than major renovations such as DIY or big-ticket furniture. This has held up a fairly non-essential market, but with some products, like cooking items and home textiles, being more essential, consumers are seeing value in their homeware purchases.

Key Highlights

• Homewares market is set to gradually improve as consumers' finances start to recover
• Discount retailers witnessed the greatest sales growth in 2023
• Homewares purchases driven by quality, while saving money drives secondhand homewares purchases

Scope

• The homewares market is set to gradually improve as consumers' finances start to recover
• Discount retailers witnessed the greatest sales growth in 2023
• Homewares purchases are driven by quality, while saving money drives secondhand homewares purchases

Reasons to Buy

• Using our five year forecasts to 2028, 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.