NEW YORK, July 20, 2016 /PRNewswire/ -- Product sectors covered include:
• KITCHEN FURNITURE
The UK domestic kitchen furniture market declined markedly in 2008 and 2009, and a static market in both 2010 and 2011 was followed by a modest increase of 2% in 2012. The market then began to show growth in real terms in 2013 and 2014, with growth of 4% estimated in 2014. The kitchen furniture market is at the mature stage of its product lifecycle, with replacement sales accounting for almost 80% of sales.
Key issues that have influenced the UK domestic kitchen furniture market in recent years include the blurring of distinction between the kitchen and dining room, with less formality in the home and a move towards open plan living, an emphasis on aesthetics and stylish designs, with a move towards curved lines, rather than the traditional straight line concept and a trend for sleek, minimalist contemporary designs.
An increasing number of manufacturers are offering units to suit the needs of elderly or infirm customers and this trend is likely to continue as the proportion of the UK population in older age groups increases. Technological developments in the tap sector, such as pull-out spray taps and water filtration systems, have also added value to the market, along with the growth in popularity of waste disposal units in the sinks sector, as increasing emphasis is placed on waste separation and recycling.
The total market for kitchen furniture is forecast to show relatively strong growth of around 4-5% per annum in the short to medium term future. However, in the short term margins could be squeezed further by the increasing cost of raw materials such as chipboard, as well as metal components such as aluminium, steel and so on. The sale of kitchens with installation included is likely to continue to increase, since IKEA, B & Q, Wickes and Homebase are all now promoting this service strongly.
The worktop sector is expected to achieve good growth in the medium term, primarily due to a gradual shift to higher quality materials, while prospects for the sinks market are only modestly positive, despite the development of higher value products in both the sink and tap sectors of the market.
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