Phil Beddoe, General Manager, Titus
Trend/theme of the year: The furniture industry will see a significant shift towards value-driven solutions as consumers face continued economic pressures. With household budgets remaining tight and manufacturers grappling with inflationary pressures and reduced volumes, there will be an increased focus on suppliers who can deliver added value across the entire product lifecycle – from production and installation through to the end product. Manufacturers will prioritise partnerships with suppliers who can enhance their overall competitiveness while ensuring products remain fit for purpose.
Challenge of the year: The key challenge will be maintaining sustainable growth in an increasingly competitive market. As more manufacturers recognise the benefits of premium hardware solutions, suppliers will need to balance increased demand with consistent quality and service levels. This will require careful management of supply chains, production capacity, and customer relationships while maintaining the high standards that the industry has come to expect.
Opportunity of the year:
Innovation in hardware technology presents significant opportunities for manufacturers to differentiate their products. Advanced hinge and drawer systems, coupled with sophisticated soft-closing solutions, enable furniture makers to exceed customer expectations and create distinctive product offerings. This technological advancement allows manufacturers to address the growing demand for both functionality and aesthetics in furniture design.
