The UK fitted kitchen market reached a new peak in value and installations in 2022, according to the latest JKMR Overview Report.
JKMR calculated the total UK fitted kitchen market was worth almost £10billion at RRP in 2022.
In addition, it found almost 1.3million new kitchen were installed in 2022 and market value rose more than 9% on 2021 levels, up to £2.9billion.
According to JKMR, refurbishment outperformed the new build sector with sales value reaching close to £4billion.
However, it reported trade retail accounted for a third of all projects, through the likes of Howdens and Wren Kitchens, with the latter responsible for one in nine of all new kitchen sales.
The Fitted Overview Report also highlighted trade suppliers have increased value share from 11.2% to 21.5%, reflecting a higher price driven model, and that cost-conscious consumers were looking to upgrade.
With first time buyers likely to enter the market in their 30s, the report stated there has been a change in perception to what is deemed ‘necessary’ rather than ‘desirable’ for appliances and features such as islands.
In addition, it stated a rise in multigenerational households, with 3.5million parents and adult children, plus 2.5million trigenerations in one home would see a greater focus on countertops and multiple major domestic appliances.
Looking towards the future, the report stated Gen Z may have a differing view of how a kitchen should look and function, with eclectic mixing of freestanding and fitted elements, as well as a “different” expectation of the buying market.
For a copy of the JKMR Fitted Kitchens Overview Report, contact 07507 612816.