The UK Kitchen Furniture Market Performance to Improve in 2018, Expects Verdict Retail in Its New Report Recently added at MarketPublishers.com25 Jan 2017 • by Natalie Aster
LONDON – In the previous year, growth in the UK market for kitchen furniture slowed to 0.5%, in comparison to 2% in the year 2015. Prospects for this country’s market in the current year are rather bleak, as weakening consumer confidence and slowing housing market development result in intensifying pressure on consumers’ budgets with increasing inflation.
However, scenario in the UK kitchen furniture market is predicted to improve and accelerate in the year 2018. This market is poised to see a 2.6% CAGR through 2021.
The UK’s decision to leave the EU has a certain effect on retail spending. Purchasing of more expensive items has been hit by the shift to a more cautious spending mentality. Meantime, spend on smaller products is anticipated to remain stable due to the fact that local retailers increasingly compete for the market share and consumers prefer to improve the look and feel of their homes.
The new research report “Home Retail Series Kitchen Furniture 2016” worked out by Verdict Retail presents in-depth insights into the UK kitchen furniture market and discloses data on the present and historical market performance. This publication explores competitive landscape, covers regulative framework, reviews top players, discusses prevailing trends, etc. In addition, the research study touches upon the major market growth restraints and drivers, identifies emerging opportunities and canvasses top challenges as well as discloses valuable forecasts through 2021.
For other in-demand research reports worked out by Verdict Retail, follow to the publisher’s catalogue at MarketPublishers.com.