The UK fitted kitchen market “maintained a pattern of growth” in 2018, according to the 2019 edition of JKMR’s Overview Report, allowing market size to exceed £4.2bn due to a 3% rise in product income at client buying price.
However, JKMR noted that value growth was “driven by product choice continuing its shift to more sophisticated options” in the independent and new build sectors alongside price rises driven by external factors – “not any meaningful growth in kitchen installations”.
The report has highlight “considerable differences” in performance for major retailers, with Howdens performing well while other large retailers saw KBB sales decline. JKMR has forecast that the “traditional DIY multiples” in the overall fitted kitchen market will “continue to lose share to Wren”.
In terms of independent retailers, the sector remains the single largest in terms of market value, but activity in terms of installation numbers declined in 2018, and is expected to fall further in 2019, JKMR noted.
The research firm added that while market value is expected to rise despite fewer installations, the pressure on margins is “likely to become intense”. The report also provides an in-depth analysis of the outlook for the fitted kitchen market in 2020 in the face of current political and economic uncertainty.
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