Global Home Retail Series Living Room Furniture Market Size, Share, Trends, Growth and Forecast 2016 – Acute Market Reports

The living room furniture market will grow by 3.5% in 2016, driven by upholstery as consumers were both willing and able to make larger purchases early in 2016, when consumer confidence was comparatively high with low levels of inflation, which boosted spending power

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Key Findings
– Between 2016 and 2021, living room furniture is forecast to underperform the wider market. While upholstery will remain comparatively buoyant, living room storage will dampen this performance, as the contracting physical entertainment market lowers demand.

– Upholstery specialist DFS (18.4%) is the runaway leader for living room furniture, with the combined share of the next three retailers being only 0.1 percentage points higher.

– Penetration for living room furniture was deepest among younger shoppers as these age groups furnish their first homes after buying or renting.

– Increasingly, the upholstery purchasing journey is becoming a multichannel one, as customers want to buy in a way and at a time which suits them. Therefore, it is pivotal for retailers to create a seamless experience between online and stores to facilitate this.

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– The uncertainty caused by the EU referendum result will have a detrimental effect on the living room furniture sector. In the short term, consumer confidence will be impacted, which will discourage shoppers from making big ticket purchases such as upholstery, as customers gauge their financial position.

Synopsis
The Home Retail Series Living Room Furniture report offers a comprehensive insight into the living room furniture market in the UK, analysing the market, the major players, the main trends, and consumer attitudes. It also provides forecasts to 2021.

It provides in-depth analysis of the following:

– Issues and Strategies

– The Market

– The Retailers

– The Consumer

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Contact Details:
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Rahul Duwedi | Acute Market Reports
Email Id: pramod@acutemarketreports.com
http://www.acutemarketreports.com/