UK Spending Habits for the Home Market Report 2022
£ 2,195 (Excl.Tax)
When purchasing 2 reports
When purchasing 3 reports
When purchasing 4+ reports
£ 2,195 (Excl.Tax)
The UK Spending Habits for the Home market report identifies consumer attitudes towards spending on the home and garden, the impact of inflation and future innovations in the home improvement market. This report covers the home retail market size, market forecast, market segmentation and industry trends for the Spending Habits for the Home market in the UK.
Two years on from the initial COVID-19 outbreak, disruption from the pandemic continues to heavily influence demand and sentiment in the home retail market. This remains, on the whole, positive. The pandemic has shone a spotlight on wellbeing, which has influenced a growing appreciation of the role that the home and garden play in wellbeing which has seen an increased amount of consumers prioritising the home and garden in their spending plans compared to before the outbreak.
Spending in the home improvement market will be tested in the coming year due to other areas of discretionary expenditure reopening, such as travel, clothing and entertainment. These discretionary sectors will encourage a shift in consumer expenditure, seeing a dampened priority for home and garden retailing. The home retail market is also under pressure by mounting inflation, supply chain issues and the developing conflict in Ukraine.
Although these external pressures are expected to continue to flatten growth, this will be partially nullified by recent record house sales and the fact that many home purchases are triggered by necessity.
To navigate these times of hardship, brands must create innovative initiatives that fulfil the consumers’ need for value. Future market trends for UK homeware retailers include increased credit options, loyalty schemes, more affordable own-brand propositions, and greater circular business models, such as second-hand, rental or unwanted product exchanges.
Mintel’s homeware market analysis forecasts a steady growth in the home retail market, however, the scars of the pandemic will remain as observed by the increased boost in online purchases, sustainability consciousness and changing perceptions of the home.
Read on to discover more details or take a look at all of our UK Retail Market Research.
Product Types: Furniture, carpets, decorating, garden products, security, home extensions, smart home devices.
Brands: IKEA, Halo (Sofa Workshop), Made.com, DFS (Swell, Sofology), Wren Kitchen’s, ScS, Amazon, Wayfair, Victoria Plum, ManoMano, B&Q, BackMarket, PayPal, Klarna, John Lewis & Partners, Dunelm, Hilding Anders.
This report, written by Marco Amasanti, a leading analyst in the Retail sector, delivers in-depth commentary and analysis to highlight current trends and add expert context to the numbers.
Disruption from the pandemic continues to shape sentiment and feed demand. Many continue to prioritise the home, and there was an upscaling of expenditure and projects in 2021. Looking ahead,
however, with inflation, supply chain issues and the conflict in Ukraine, there is great uncertainty on the horizon.”
Marco Amasanti
Retail Analyst
Mintel provides a range of market information, frequently through the category level, including market size and forecasting, complete with market drivers that illustrate the forces that shape a category or market.
Mintel’s proprietary consumer research provides our analysts with the attitudinal and behavioral data used to provide valuable insight to topical issues.
Mintel provides overviews of the top brands and manufacturers, and uses consumer research to explore attitudes and reactions to brands, as well as insight into what will resonate with consumers.
Market reports provide appendices of data to support the research and insight produced. Our databooks* are easily manipulated and downloadable to support your research needs and covers factors from consumer attitudes to market forecasts.
*databooks not available with UK B2B Industry reports.
Please Note: This is a sample report. All of the figures, graphs, and tables have been redacted. Our reports are available to download in PDF and PPT formats.