The UK domestic kitchen furniture market grew by 5% in 2016, according to a new report by AMA Research. However, forecasts for the next two to three years have been downgraded as a result of the Brexit vote, which is “likely to lead to slower growth in the UK economy, price increases for imported raw materials and less confidence amongst consumers”, the research firm said.
In 2016, curved cabinets, soft-closing drawers, handleless doors and open-display shelving all increased in popularity. While high-gloss finishes, stainless steel, wood and metallic finishes also remained popular, with the research firm noting that “softer finishes” are becoming more popular.
“The domestic kitchen furniture market is forecast to show more moderate annual growth in the next few years of around 3%, before returning to stronger growth in 2020 and 2021,” said AMA Research’s Fiona Watts.
“In the short-term, margins are likely to be squeezed further, particularly by the increasing cost of imported raw materials, such as chipboard, as well as metal components, such as aluminium and steel, while energy costs have also started to rise again, although they have been subject to some volatility in recent years,” added Watts.
According to AMA, the report also noted a “shift away from DIY” with the younger generation being unable to buy their own homes until much later in life, resulting in “less motivation” to undertake DIY, whereas the older generation use tradesmen.
“While housebuilding levels have improved, it seems likely that this growth will not continue over the next two to three years as the market adjusts to the EU vote and exit process, and is therefore likely to remain more stable,” said AMA Research director Keith Taylor.
“Market growth will be impacted by the weakening of the pound following the EU referendum, making imports more expensive, a particular issue in areas such as electrical accessories and baths and sanitaryware, where imports take a significant share of the market,” he added.
Established in 1989, AMA Research is widely recognised as the leading specialist provider of market research to the UK building and construction industries.
Key areas of Domestic Kitchen Furniture Market Report – UK 2017-2021 Analysis include:
- Estimates and forecasts for 2017 through to 2021.
- The shift towards professional installation, with most major suppliers now offering and promoting this service, supported by the growing trade only sector.
- Improvements in materials and designs, providing a wider choice of work surfaces, sinks and accessories in particular, together with more products adapted for elderly and infirm customers.
- Greater consumer awareness of products and fashion trends within the industry, with customers using the internet particularly to research available products, before examining potential layouts in situ at various retail outlets.
- Growth in the market has benefited suppliers, such as Howdens Joinery, Wren Living, and the Symphony Group.others.
With over 150 market reports available, AMA’s research and analysis goes beyond the more commonly available range of statistical and company information to provide expert, informed commentary and in-depth market analysis, making the reports a valuable and relevant resource for understanding the UK’s construction and associated markets.
AMA Research’s high quality reports are recognised by many leading UK companies as an essential tool in developing their own marketing and strategic policies. Key decision makers across the UK building and construction industries frequently use AMA Research as their primary source of market data.
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