The bedroom furniture market continues to be impacted by stretched budgets and a subdued housing market, but the recovery of consumer finances and an uptick in housing transactions have provided the market with a much-needed boost.
The UK bedroom furniture market has received a much needed boost thanks to the recovery of consumer finances. However the market recovery could be slowed thanks to the continuation of cautious spending. Opportunities for the market lie in categories with a direct link to personal health and wellness.
The bedroom furniture market continues to be impacted by the cost of living crisis and a subdued housing market, but the recovery of consumer finances and an uptick in housing transactions have provided the market with a boost. The challenges in the housing market have also introduced new consumers into the UK bedroom furniture market, with private renters becoming more invested in the category than they were before.
In the short term, the continuation of cautious spending means many will only enter the market when absolutely necessary, and the strong demand for budget options will likely slow down market recovery. Pent-up demand for areas such as holidays could also divert spending away from the home.
In the long term, the recovery of consumer finances and the housing market, coupled with the renewed focus on health and wellbeing, could feed into demand for bedroom furniture, especially categories that have a direct link to personal health, like mattresses. Rapid urbanisation will also drive demand for fitted furniture, typically available at higher price points, as well as other space-saving solutions.
The beds sector covers beds and mattresses and can be divided into the following segments:
The bedroom furniture sector refers to all non-upholstered furniture and can be segmented as follows:
This report does not cover any furniture sold on contract for the non-domestic market (such as hotels and hospitals) and excludes second-hand and antique furniture.
This report was written by Sam Nguyen. Sam joined Mintel in November 2022 as a Retail Analyst with a focus on Home Retail. Her previous work experience includes working as a Research Manager for The Insights Family – a market research agency specialising in the kids and family ecosystem. She holds an MSc in Marketing from Nottingham Trent University.
Incremental growth is expected in the coming years, bolstered by the recovery of consumer finances and a renewed focus on health and wellbeing.
Sam Nguyen
Retail Analyst
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