We are the clear leader in the living room furniture market.
The DFS Group has a specialist focus on the retail upholstered furniture segment. The UK upholstery furniture market is estimated by GlobalData to be valued at £3.1 billion in 2023. We also offer a selected range of beds, dining and other furniture and home accessories giving access to other segments in the UK furniture market.
The DFS Group is the clear leader in the upholstery furniture market with over 36% share by value (as estimated by GlobalData).
We see three broad categories of companies actively competing in the upholstery furniture retail market: Specialist Chains such as DFS, Sofology, ScS,Oak Furnitureland and Furniture Village; Independents that are typically single store operations; and General Merchandisers such as Ikea, John Lewis, Next, Argos and all other retailers including DIY chains and supermarkets.
Before the Covid pandemic, the sofa market generally followed a trend of long-term growth. The market growth trajectory has clearly been impacted by the pandemic, followed by the cost of living crisis but we fully expect it to recover to pre-pandemic levels and achieve further growth thereafterThe sofa market generally follows a trend of long-term growth. Since 2010, the UK upholstered furniture segment of the furniture market has achieved modest compound annual growth. Demand is supported by a seven year replacement cycle and underpinned by demographic trends.