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Dining Room Furniture 2017

Dining Room Furniture 2017

  • November 2017
  • 74 pages
  • ID: 5251052
In this report:
Further to the dedicated Dwell warehouse it opened in January 2017, six more will open within DFS stores in its financial year 2017/## and the final ## in the ## months to July 2019, for a total of ##.
Dining room is set to be one of two furniture sub-sectors, along with bedroom, to grow in 2017, with sales rising by ##.##%.

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Dining Room Furniture 2017

Brief

Dining room furniture will be one of two furniture sub-sectors to achieve increase in 2017 as it benefits from homeowners using their dining room more, specifically for entertaining. More constrained shoppers are hosting guests rather than eating out and, as such, want to make the room as presentable as achievable.

Increase in 2017 will be driven by standalone chairs and benches as homeowners aim to accommodate their extra guests and are unable to make larger ticket purchases currently. As conditions improve from 2020 onwards, suites will fuel increase as they offer better value.

Over 75.0 percent of homeowners with separate dining areas felt it was crucial for their dining room to be well presented in 2017, up about 6 percentage points on 2016, as it is being used more for entertaining. The proportion of shoppers that are now using their dining room more in 2017 rose by nearly 11 percentage points to almost 52%.When broken down by demographics, this uplift is being driven by younger shoppers. Over 31.0 percent of 16-24 year-olds purchased dining room furniture this year, an increase of about 3.5 percentage points on final year, as more of this age group get onto the property ladder.

Among the quickest-rising retailers in this sector will be IKEA and Wayfair. IKEA's strong value credentials and innovative storage solutions will appeal to the currently more constrained customer, while its additional Reading and Sheffield stores will boost sales. Wayfair's heavy investment in advertising is driving awareness and encouraging more people to use it.The only retailer in the best 10 to lose share is Harveys, as fewer customers are considering it and its mid-market positioning causing it to be outflanked.

The market research "Dining Room Furniture 2017", affords exhaustive insight and analysis of the UK market, the main players, the principal trends, and consumer attitudes. It also offers estimations to 2022.

Furthermore, this business report offers the following analysis -

- Exhaustive data on the size of the market, the main drivers, and how spend is distributed.

- Profiles of the main players, and analysis of the main trends driving the sector.

- Insight into whose consuming, what they are buying, where they are buying, and what makes consumers purchase.

Firms mentioned in this industry report: Argos,DFS, Furniture Village, Harveys, IKEA, John Lewis, Oak Furniture Land, The Range

Overview

- The online penetration of dining room furniture is among the deepest in furniture, as the better homogeneity of products in this category and comparatively lower price points encourages shoppers to purchase through this channel. However, stores are being used more for pre-purchase research and, as such, it is vitally for retailers in this sector to have a full multichannel offer.

- Penetration among younger consumers increased by 3.6 percentage points in the past year. In 2017, 31.20 percent of 16-24 year olds purchased within the category, up from 27.60 percent in 2016. This has been driven by those entering the housing market for the first time, including those renting unfurnished properties.

- The quickest-increasing retailer in dining room are IKEA. Its quality, contemporarily designed products at cost-effective prices will appeal to constrained shoppers. Gaining sales from Reading at the start of 2017 and Sheffield from September onwards will also support sales growth.

Great reasons to purchase

- Identify the factors supporting the growth within the dining room furniture market in 2017 and beyond.

- Discover what is driving the growth among the general merchandisers in dining room furniture and what the specialists are doing to hold off this threat.

- Gauge the shifting perceptions surrounding how the dining room is used and encourage people to acquire dining room furniture.

- Recognise how are shoppers researching dining room furniture prior to purchase and which methods are the most influential.

- Discover what should additional Harveys CEO, Stuart Machin, do to drive dining sales for dining room furniture.

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