The kitchen is the heart of the home, meaning many people are keen to have attractive and well-designed kitchen furniture. Industry revenue is expected to grow at a compound annual rate of 3.8% over the five years through 2015-16. However, domestic demand for kitchen furniture declined during the first year before expanding in the following years. This was primarily due to the downturn in the housing property market. Falling real income and weak consumer spending also hampered demand during the year. The industry returned to growth during 2012-13, supported by government initiatives introduced to stimulate the housing market.
Operators in this industry manufacture various types of furniture for the kitchen including kitchen benches, kitchen cabinets and kitchen worktops. These types of furniture are predominantly manufactured in flat-pack or bespoke format.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.