PROSPECTS AND OPPORTUNITIES
Sales will be challenged by price sensitivity and an anticipated decline for homewares and home furnishing stores
Sales for home product retailers are expected to be challenged across the forecast period, recording a rise at a current value CAGR of 1% (2024 constant value CAGR of -1%). Retail value sales for homewares and home furnishing stores are expected to decline, as economic constraints and price sensitivity are likely to persist.
Ikea is expected to continue its expansion plans across the forecast period
In February 2024, Ikea announced the opening of a new Plan and Order Point in Carlow's Fairgreen Shopping Centre, providing customers with home furnishing advice and expertise, supporting design needs across various rooms, including bespoke kitchen and wardrobe design planning services, and helping to expand its presence in Ireland. Ikea also announced the opening of a new distribution centre in Rathcoole, Dublin in 2024, which is expected to significantly reduce the delivery time for purchases made in Ireland (from seven-to-ten days to two-to-three days), further enhancing its offer to customers in the country.
The lack of supply in the housing market may lead to an uplift in home renovations
The housing market in Ireland will continue to face a supply imbalance over the forecast period, which will place upward pressure on both home prices and rents. This persistent issue has been exacerbated by stalled construction activity, which has failed to keep pace with the growing demand for housing.
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Overview:
Understand the latest market trends and future growth opportunities for the Home Products Specialists industry in Ireland with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Home Products Specialists industry in Ireland, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Home Products Specialists in Ireland report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Home Products Specialists in Ireland?
- Which are the leading retailers in Home Products Specialists in Ireland?
- How is the rise of e-commerce and the expansion of modern grocery retail impacting traditional retail?
- How has the impact of COVID-19 and national lockdown impacted consumer demand?
- Which formats have benefited the most from stockpiling and enforced home seclusion?
- How will the wider economic impact of COVID-19 shape the retail landscape in the future?
- Where is future growth expected to be most dynamic?
Home Products Specialists in Ireland - Category analysis
KEY DATA FINDINGS
Home products specialists record a decline in sales amidst ongoing price-sensitivity
JYSK opens a distribution centre to reduce the delivery time of online orders
Ikea lowers prices of popular products while supporting sustainability efforts
Sales will be challenged by price sensitivity and an anticipated decline for homewares and home furnishing stores
Ikea is expected to continue its expansion plans across the forecast period
The lack of supply in the housing market may lead to an uplift in home renovations
Retail in Ireland - Industry Overview
Retail in 2024: The big picture
Retailers focus on sustainability to align with consumer demands
Consumers continue to be cautious of their spending during 2024
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Christmas
Easter
DISCLAIMER
The following categories and subcategories are included:
Home Products Specialists
- Home Improvement and Gardening Stores
- Homewares and Home Furnishing Stores
- Pet Shops and Superstores
Home Products Specialists
The aggregation of home improvement and gardening stores, homewares and home furnishing stores, and pet shops and superstores.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Home Products Specialists research and analysis database.
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