The furniture market is still showing an increase in its sales in the UK in 2022. Even though the growth is not very significant as it was in the last couple of years, the experts claim that the last quarter of 2022 will bring stable growth towards the end of the year. This can be connected with the fact that people renovated their houses more in 2022 and want to upgrade their furniture to bring a new style to their homes.
1.7% growth is expected to reach by the end of 2022
The experts at Promocodius.co.uk claim that the growth of furniture sales will be increased by 1.7% by the end of the year, demonstrating stable growth by the end of 2022. Although these statistics are lower than the results of the same period last year, many specialists expect that the stability will be maintained in 2023 as well. According to recent studies, there are specific periods of time when buying furniture is the most demanded among people in the UK. The most demanded months to buy furniture might depend on the type of furniture people want to get. The survey has shown that 67 people out of 100 would buy outdoor furniture during the summer period as special discounts are provided for this specific period. That is why experts notice an increase in sales in the furniture market specifically in Q3 of each year. This can also be explained by the fact that many furniture manufacturers have online shopping options, which allow many customers to get their furniture without leaving their homes. This option gives more convenience to the customers, hence they make furniture shopping more frequent online.
Based on the results that have been provided in Q1, Q2, and Q3 of 2022, experts point out that the increase in furniture sales will not be that significant at the beginning of 2023. However, they don’t expect any dramatic changes in decreasing numbers. The predictions of 2023 are very promising for the furniture market in the UK as people are always interested in getting new furniture, and they are waiting for specific periods to get the pieces of furniture they want.
Final thoughts
Many experts and analysts have previously predicted that 2022 will have increased sales of furniture in the UK, even though the numbers would not be very significant. Based on the already existing statistics, the period that was most in demand for furniture sales was Q3, and it was higher than in the year before. Given the circumstances, the predictions for the last quarter of 2022 are very straightforward and understandable. Experts predict stability in the sales of furniture without any dramatic fluctuations. The Q4 of 2021 has shown a 0.5% increase over the rest of the quarters, and for this year, the analysts have mentioned a slight increase of 0.7% from the previous year. With all that said, the final results for the furniture sales in the UK for 2022 will be demonstrated at the end of the year, combining all the results and numbers that have been shown so far.
