Bedroom Furniture - Bosnia and Herzegovina

Bosnia and Herzegovina

The revenue generated in the Bedroom Furniture market in Bosnia and Herzegovina amounts to US$38m in 2024.
It is projected that the market will experience an annual growth rate of 0.22% (CAGR 2024-2029).
When compared globally, United States generates the highest revenue in this segment, reaching US$46,500m in 2024.
In terms of per person revenues, in Bosnia and Herzegovina generates US$11.99 in 2024.
The demand for locally-made, handcrafted bedroom furniture in Bosnia and Herzegovina is steadily growing due to its unique design and high-quality craftsmanship.

Key regions: Denmark, France, Worldwide, Germany, United States

Definition:

The Bedroom Furniture segment refers to those movable objects that are designed to be used in a bedroom, which is typically a space used for sleeping, dressing, and storage. It includes items such as beds, dressers, nightstands, and wardrobes, which are intended to make the room comfortable, functional, and aesthetically pleasing.

Structure:

The Bedroom Furniture segment is divided into four subsegments:

The Beds subsegment refers to furniture designed primarily for sleeping, which typically consist of a frame and mattress. This subsegment focuses on the frame and covers additional elements such as headboards, footboards, or storage drawers.
The Mattress subsegment refers to the long rectangular pad that is placed on top of a bed frame and is used to provide a comfortable sleeping surface. Mattresses come in a wide variety of sizes, from twin to king, and levels of firmness to suit individual preferences.
The Closets, Nightstands, & Dressers subsegment includes a range of storage furniture designed for bedrooms. These pieces are used to store and organize clothing, linens, and personal items, providing both functional and aesthetic value to the space.
The Bedding subsegment refers to products designed to enhance the comfort and functionality of a bed, including sheets, blankets, comforters, pillows, and mattress toppers. These products are available in a range of materials, styles, and sizes to suit individual preferences and needs.

Additional Information:

The Bedroom Furniture segment consists of revenue and average revenue per capita data. Per capita figures consider the whole population. This segment includes only business to consumer (B2C) sales. Business to business (B2B) sales (e. g., furniture for coffee shops, offices, etc.) are excluded in the figures shown. For more information on the displayed data, click the info button on the right-hand side of each box. In terms of key players in the furniture market, IKEA is the leading furniture company; however, with the rise of eCommerce, players such as Wayfair are gaining ground.

Market

Region

Region comparison

Currency

Analyst Opinion

The Bedroom Furniture market in Bosnia and Herzegovina has been experiencing steady growth in recent years. Customer preferences for stylish and functional bedroom furniture have been driving this growth. Additionally, local special circumstances and underlying macroeconomic factors have contributed to the development of the market.

Customer preferences: in Bosnia and Herzegovina have shifted towards modern and contemporary bedroom furniture designs. Consumers are looking for furniture that not only provides comfort but also adds aesthetic value to their bedrooms. This preference for stylish furniture has led to an increase in demand for sleek and minimalist designs. Additionally, customers are also seeking functional furniture that maximizes storage space in smaller bedrooms. This has led to a rise in demand for beds with built-in storage compartments and wardrobes with efficient organization systems. Trends in the market indicate a growing demand for eco-friendly and sustainable bedroom furniture. Consumers in Bosnia and Herzegovina are becoming more conscious of the environmental impact of their purchases and are opting for furniture made from sustainable materials. This trend is driven by a combination of factors, including increased awareness of climate change and a desire to support ethical and responsible manufacturing practices. As a result, furniture manufacturers in the country are focusing on using eco-friendly materials such as bamboo, reclaimed wood, and recycled plastics in their products.

Local special circumstances: such as the high rate of urbanization in Bosnia and Herzegovina, have also contributed to the growth of the bedroom furniture market. As more people move to urban areas and live in smaller apartments, the demand for space-saving furniture has increased. Manufacturers have responded to this demand by designing compact and multifunctional furniture pieces that are suitable for smaller living spaces. This includes items such as folding beds, modular wardrobes, and wall-mounted shelves.

Underlying macroeconomic factors: such as a growing middle class and increasing disposable income, have further fueled the development of the bedroom furniture market in Bosnia and Herzegovina. As more people have the financial means to invest in quality furniture, the demand for higher-end and premium bedroom furniture has increased. This has led to the entry of international furniture brands into the market, offering a wider range of options to consumers. In conclusion, the Bedroom Furniture market in Bosnia and Herzegovina is experiencing growth due to customer preferences for stylish and functional designs, a trend towards eco-friendly and sustainable furniture, local special circumstances such as urbanization, and underlying macroeconomic factors such as a growing middle class.

Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are based on home furnishings and furniture found in every room of the home. This market is segmented by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen and Dining room, Bathroom, Outdoor, and Home Office. The Furniture market also includes Lamps and Lighting and Home Decor because the furnishings and accessories within these segments are not specific to any room.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as consumer spending and GDP. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing is well suited for forecasting the Furniture market with a projected steady growth. The main drivers are furniture and furnishings, carpets and other floor coverings, and consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.