One of the key findings of the JKMR Overview Report on the UK Fitted Kitchen Market was that independents account for a share worth 35% of UK Kitchen Market.
Each year JKMR issues reports on the state of the UK Fitted Kitchen Market and looking back the the 2019 report it was noted then (just before Covid hit us) that the UK fitted kitchen market was worth £4.2bn.
Fast forward to 2021 and the UK fitted kitchen market is now worth £4.97bn.
Of the £4.97bn market size, JKMR pointed out that the independents account for 35.5% of the total market share, with trade retailers (such as Howdens and other trade merchants) next, in second with 28.5%.
In third place, consumer multiples like Wren, B&Q and Homebase make up some 19% of the UK fitted kitchen market, with direct contracts at only 9%. Online retail is only 8% of the total market share.
Shane Swift of Schuller Contract Kitchens stated that “The UK fitted kitchen market has gone through a lot of tough times since the 2008 Credit Crunch and the current climate is very challenging but as an independent working as a specialist of one brand, namely Schuller, I feel we have embodied what it is that has born out in the wider market in that consumers and the smaller niche developers want, is a brand they can trust but with the experience and customer service of an independent.”
JKMR said in the summary of Market Trends: “The loss of much Q2 2020 retail business allied to building sites mothballed for part of the year meant market volume and value decline for 2020, but a markedly strong ‘bounce back’ for most retail operations in Q3/4, plus increases in project budgets mitigated the value decline.
“Despite the Q1 2021 lockdown, consumer desire for home refurbishment, plus a degree of ‘catch-up’ of new-build activity, enabled notable market growth in 2021, allowing installations to just exceed 2018 levels and market value to rise 15%. At this stage, it is projected that wider economic stress will see 2022 installations down on 2021, but price rises, if nothing else, will ensure further value growth.”
About the JKMR Report
Fully revised and updated July 2021 and includes the interim update for all key market figures published in February 2022
JKMR’s unique analysis includes how the market divides between ‘trade’ and ‘consumer’, detailed trends for specialist studio performance, the changing face of the kitchen retail universe, and long-term trends for major fitted unit suppliers. In addition, the report provides a wide-ranging qualitative review of how wider economic, demographic, housing, retail landscape, and design factors will continue to affect the performance and structure of the UK fitted kitchen market.
The Overview Report is published by JKMR, the industry’s only company to specialise in fitted kitchen market B2B research.It is a key tool for anyone wanting to identify growth drivers, declining sectors, the most dynamic players and reasons for their success.