Uk Furniture Industry Statistics

In this post, we will explore key statistics and insights into the UK furniture industry, ranging from annual sales figures and market growth to employment rates and consumer trends. From the value of the industry to import-export dynamics, these statistics shed light on the various facets of the UK’s furniture sector. Let’s dive right in!

Statistic 1

"The UK Furniture Industry was worth over £17 billion in annual sales in 2020."

Statistic 2

"In 2019, there were 8,400 companies active in the UK furniture manufacturing industry."

Statistic 3

"Wooden furniture as a percentage of UK manufacturing was 14% in 2019."

Statistic 4

"The employment rate in the furniture industry declined by approximately 2.2% between 2018 and 2019."

Statistic 5

"Office furniture sales reached £2.1 billion in the UK in 2017."

Statistic 6

"Between 2019 and 2020, the online furniture market in the UK grew by 16.2%."

Statistic 7

"The furniture and furnishings industry accounted for 2.2% of manufacturing turnover in 2019."

Statistic 8

"89% sales growth was seen in garden and DIY furniture in the UK between March 23 to July 31, 2020."

Statistic 9

"The average British consumer was willing to spend up to £100 on a piece of furniture online in 2020."

Statistic 10

"Mattress market revenue amounted to US$1,785m in the UK in 2021."

Statistic 11

"10% profit margin was reported by furniture manufacturers in the UK in 2020."

Statistic 12

"In 2021, the household furniture market in the UK is expected to grow by 15.9% to reach £13.4 billion."

Statistic 13

"The furniture retailing industry in the UK contracted at a compound annual rate of -1.3% between 2016 and 2021."

Statistic 14

"Online furniture and homewares sales accounted for 17.8% of all retail sector sales in the UK in 2020."

Statistic 15

"The export value of UK furniture, bedding, and mattresses reached £1.5 billion in 2019."

Statistic 16

"Spending on furniture and furnishings was predicted to fall by 24.1% in 2020 because of the COVID-19 pandemic."

Statistic 17

"In 2019, the UK was the world's 4th largest importer of furniture."

Statistic 18

"The UK Furniture and Bedding retail market had a value of 17.2 billion GBP in 2019."

Statistic 19

"Imports of furniture into the UK reached a value of around 5.8 billion British pounds in 2020."

The statistics presented reveal a dynamic landscape within the UK furniture industry, showcasing a mix of growth opportunities and challenges. The industry’s substantial annual sales in 2020 indicate a robust market, with online furniture sales notably on the rise. However, fluctuations in employment rates and profit margins, coupled with the impact of the COVID-19 pandemic on consumer spending, highlight the need for adaptability and resilience among industry players. With insights into market trends, consumer behavior, and industry performance, stakeholders can strategize effectively to navigate shifting dynamics and capitalize on emerging opportunities within the UK furniture sector.