Upholstered Furniture Market Update - UK 2009-2013

Table of Contents

1. INTRODUCTION 5

2. SUMMARY 6

• 2.1 SITUATION ASSESSMENT 6
• 2.2 FUTURE PROSPECTS 8

3. ECONOMIC ENVIRONMENT 11

• 3.1 GDP 11
• 3.2 INFLATION & INTEREST RATES 11
• 3.3 UNEMPLOYMENT 12
• 3.4 HOUSEHOLD CONSUMPTION 13
• 3.5 STERLING 14
• 3.6 POPULATION PROFILE 14
• 3.7 CONCLUSIONS 15

4. THE UK FURNITURE MARKET & HOUSING INFLUENCES 16

• 4.1 OVERALL FURNITURE MARKET SIZE AND TRENDS 16
• 4.2 HOUSING TRENDS AND DEMOGRAPHICS 18
  • 4.2.1 New Housebuilding 18
  • 4.2.2 House Moving 19
  • 4.2.3 Household Size 20
• 4.3 NON DOMESTIC CONSTRUCTION 20

5. UPHOLSTERED FURNITURE 21

• 5.1 DEFINITION 21
• 5.2 MARKET SIZE AND BACKGROUND 21
• 5.3 IMPORTS AND EXPORTS 23
• 5.4 PRODUCT MIX 25
• 5.5 SUPPLIERS 26

6. BEDS & MATTRESSES 29

• 6.1 DEFINITION 29
• 6.2 MARKET SIZE 29
• 6.3 IMPORTS & EXPORTS 31
• 6.4 PRODUCT MIX 32
• 6.4.1 By Size 32
• 6.4.2 By Product Type 33
• 6.5 CONTRACT/NON-DOMESTIC MARKET 36
• 6.6 SUPPLIERS 37

7. DISTRIBUTION 40

• 7.1 STRUCTURE 40
• 7.2 DEFINITION 40
• 7.3 CHANNEL SHARES 40
  • 7.3.1 Furniture Multiples 41
  • 7.3.2 Furniture Independents 42
  • 7.3.3 Department Stores 43
  • 7.3.4 Variety Stores 43
  • 7.3.5 Catalogue Retailers / Mail Order 43
  • 7.3.6 DIY Multiples 44
  • 7.3.7 The Internet 44
  • 7.3.8 Grocery Multiples 45

TABLES AND CHARTS

• TABLE 1 THE UK UPHOLSTERED FURNITURE & BEDS MARKET 2007-13 (£M MSP) 6
• CHART 2 INTEREST RATES AND INFLATION (CPI) FROM 1992-2013 12
• CHART 3 PDI & SAVINGS RATIO AT CURRENT PRICES 1992-2013 13
• TABLE 4 EXCHANGE RATE FLUCTUATIONS 2003-2008 - STERLING TO THE DOLLAR, AND THE EURO, SPOT RATES 14
• CHART 5 AGE DISTRIBUTION OF THE RESIDENT UK POPULATION 2001 CENSUS (' 000) 15
• TABLE 6 THE UK MARKET FOR DOMESTIC FURNITURE 2004-2008 (£M MSP) 16
• CHART 7 UK MARKET MIX OF FURNITURE 2002, 2005 & 2008 17
• TABLE 8 HOUSE BUILDING COMPLETIONS 2004-2012 - UNITED KINGDOM (000' S DWELLINGS) 18
• TABLE 9 NUMBER OF PROPERTY TRANSACTIONS IN ENGLAND AND WALES 2004-2009 (000' S) 19
• TABLE 10 AVERAGE HOUSEHOLD SIZE FOR GREAT BRITAIN 1991-2007 20
• TABLE 11 THE UK UPHOLSTERED FURNITURE MARKET 2007-2013 (£M MSP) 21
• TABLE 12 IMPORTS OF UPHOLSTERED FURNITURE 2000 - 2007 (£M) 24
• TABLE 13 EXPORTS OF UPHOLSTERED FURNITURE 2000 - 2007 (£M) 25
• TABLE 14 THE UK UPHOLSTERY MARKET BY SALES TYPE (£M AND %) 26
• TABLE 15 MARKET SHARES - UK UPHOLSTERED FURNITURE MARKET 27
• TABLE 16 COMPANY FINANCIALS UPDATE 27
• TABLE 17 THE UK BEDS & MATTRESSES MARKET 2007-2013 BY VALUE 29
• TABLE 18 IMPORTS OF DIVANS, BEDSTEADS & MATTRESSES 2000 - 2007 (£M) 31
• TABLE 19 EXPORTS OF DIVANS, BEDSTEADS & MATTRESSES 2000 - 2007 (£M) 32
• TABLE 20 PRODUCT MIX - DIVANS & BEDSTEADS 2008 33
• CHART 21 THE UK BEDS/ MATTRESSES MARKET BY PRODUCT MIX 2008 (% OF VALUE) 34
• TABLE 22 SHARE OF MARKET HELD BY BEDSTEADS 2001-2008 35
• TABLE 23 UK BED MANUFACTURERS' MARKET SHARES 2008 (% OF VALUE) 37
• TABLE 24 COMPANY FINANCIALS UPDATE 38
• TABLE 25 DISTRIBUTION OF UPHOLSTERED FURNITURE AND BEDS 2008 (% OF VALUE) 41