Boston, MA -- (SBWire) -- 09/07/2016 --The UK home decor market will grow by GBP309m in the five years to 2021, outperforming all other home sectors. Decorative accessories will drive the market ranges through their trend-led, cost-efficient options for updating the look of a home. As consumers become more sensitive to seasonal and fashionable home decor propositions, retailers should respond to growing demands for style, quality and newness
Key Findings
-The home decor market is forecast to grow by 22% over the next five years and account for 12.1% of all homeware markets by 2021.
-Value players have exerted pressure on the sector due to their ability to undercut on price.
-Home decor sales at the grocers will continue to be impacted by weak food and grocery footfall, with share forecast to fall back in 2016.
-More consumers bought into the category because they wanted a 'new look' than they did two years ago as greater accessibility and more choice has enabled consumers to buy into new collections easily and affordably.
-The online share of total home decor market is forecast to reach 17.1% in 2021 as improved brand reach and online platforms stimulate sales.
Get More Details on this Report and a Full Table of Contents at Home Decor 2016
Synopsis
The "UK Home Decor" report offers a comprehensive insight into the home decor and accessories 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
Reasons to Get This Report
-Utilise the detailed market data and insight to help form an effective growth strategy across the home decor market.
-It covers seven product categories within home decor:
-Pictures and frames
-Clocks
-Vases and bowls
-Decorative accessories
-Candle holders and lanterns
-Candles and lanterns
-Mirrors
-Identify the opportunities to grow business in this sector by comparing strategies of the key players in the market and their performance metrics
-Learn how a growing demand for trend-led home accessories will boost spend in the sector, and advised retailer reactions
-Understand the opportunities in the market by learning who shops for home decor products, how frequently they shop and what drives their store selection.
Companies Mentioned in this Report: Next, John Lewis, Sainsbury's, Wilkinsons, Dunelm, IKEA, Argos, Asda, Tesco, BandM, Home Bargains, Marks and Spencer, Amazon, Cox and Cox
About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
Browse all Retailing research reports at Fast Market Research
You may also be interested in these related reports:
-Global Online Home Decor Market 2016-2020
-Home Retail Series Living Room Furniture 2016
-Wall Decor Market in the US 2016-2020
-Connected Home and Smart Appliances 2016 - 2021
-Connected Home and IoT: Market Opportunities and Forecasts 2016 - 2021
New Market Research Report: Home Decor 2016
Fast Market Research announces the availability of the new Verdict Retail report, "Home Decor 2016", on their comprehensive research portal