"Fitted Kitchens Market Report" which kitchen appliances, which includes cooking, cooling and washing appliances; fitted kitchen furniture, including cupboards and cabinets, but not covering tables and chairs; and sinks and worktops. Kitchen appliances make up over two-thirds of the total market. In addition, it is the sole segment that has grown on an annual basis since the recession hit in 2007/2008. Sales are being driven by demand for multi-purpose appliances and environmentally-friendly machines that will help consumers save on their utility bills. Consumers are willing to pay more money for these appliances that are durable and feature the latest gadgets in the market. Overall, in 2012, the market grew by 2%. Consumers are spending more time at home to save money during the economic crisis. The kitchen is said to be the ‘heart of the home’ and this helps to explain why consumers are buying products despite having strained finances. The growing popularity of cooking and baking as a pastime has also helped to fuel this trend. Consumers want to personalise their kitchens and, as a result, style is the key driver in the market. This trend is particularly noticeable within the kitchen furniture sector. In recent times, there has been an influx of colours and designs available in the market as manufacturers seek to appeal to a broad consumer base and push sales. Stainless steel and ceramics are gaining importance in the sinks subsector at the expense of composites. The former complements the sleek and modern style that certain consumers are going for, while the latter appeals to those who prefer a more traditional or country feel to their kitchens. Breakfast bars have also begun appearing due to influences from the US. Britons want to invest in their kitchens. However, consumer spending is being limited by falling disposable incomes as wages slow, taxes increase and the economic crisis continues to take its toll on the UK. Consumers are making increasingly calculated purchases, buying fewer goods, but selecting quality products that are considered worth the investment. These factors, combined with a high level of competition, are putting pressure on manufacturers and retailers to offer good value in the market. The effect of this phenomenon has been to squeeze profits. Nevertheless, the industry remains dynamic. Moreover, Key Note expects the value of the market to continue to increase in the future, although growth will be limited. Between 2013 and 2017, the fitted kitchen industry is predicted to rise in value by 4.6%. Table of contents : Foreword Executive Summary Market Definition REPORT COVERAGE MARKET SECTORS Kitchen Appliances Fitted Kitchen Furniture Sinks and Worktops MARKET TRENDS Shrinking Household Sizes The Property Market Falling Disposable Incomes Personalised Kitchens Rising Popularity of Cooking and Baking Kitchen Appliances Fitted Kitchen Furniture Sinks and Worktops ECONOMIC TRENDS MARKET POSITION The UK Overseas Market Size THE TOTAL MARKET BY MARKET SECTOR Kitchen Appliances Fitted Kitchen Furniture Sinks and Worktops OVERSEAS TRADE General Overview Exports Imports Industry Background RECENT HISTORY NUMBER OF COMPANIES EMPLOYMENT REGIONAL VARIATIONS IN THE MARKETPLACE DISTRIBUTION Specialist Stores HOW ROBUST IS THE MARKET? LEGISLATION KEY TRADE ASSOCIATIONS Association of Manufacturers of Domestic Appliances British Furniture Manufacturers FIRA International Kitchen Bathroom Bedroom Specialists Association Competitor Analysis THE MARKETPLACE MARKET LEADERS BGH Kitchens Ltd (formerly the Bernstein Group) BandQ PLC Howden Joinery Ltd IKEA Ltd Magnet Ltd Rixonway Kitchens Ltd The Symphony Group PLC Other Companies APPLIANCE MANUFACTURERS Electrolux UK Indesit Company UK Ltd Whirlpool UK Other Companies About Author Bio: I am working with a market research company which provides market research reports , custom research, company profiles, industry analysis, country reports , business reports, online databases and the report on fitted kitchen industry etc. Through our industry analysis you can identify opportunities, analyze the requirements of the customers and study the competition sector wise.
Related Articles -
Food and Beverage, Biscuit and Cakes Market report,
|