Bedroom Furniture - EAEU

EAEU

In 2024, the revenue in the Bedroom Furniture market in EAEU amounts to US$3bn.
It is projected that the market will experience an annual growth rate of 0.40% (CAGR 2024-2029).
When compared globally, United States generates the highest revenue in this segment, reaching US$46,500m in 2024.
Looking at the per person revenues in relation to the total population, each individual in EAEU generates US$18.89 in revenue in 2024.
In the EAEU, the demand for contemporary bedroom furniture is growing steadily due to the rising disposable incomes and changing consumer preferences.

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 EAEU is experiencing significant growth and development due to various factors. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors all contribute to the current state of the market.

Customer preferences: Customers in the EAEU region have shown a growing interest in bedroom furniture that combines functionality with aesthetics. They value furniture pieces that are not only comfortable and durable but also visually appealing. This preference for stylish designs has led to an increase in demand for modern and contemporary bedroom furniture. Additionally, customers are increasingly seeking furniture that offers storage solutions, as space optimization is a key consideration in the region.

Trends in the market: One notable trend in the Bedroom Furniture market in EAEU is the rise of online retail. With the increasing availability of internet access and the convenience it offers, more customers are opting to purchase bedroom furniture online. This trend has been further accelerated by the COVID-19 pandemic, which has led to a shift towards online shopping. As a result, online furniture retailers have experienced significant growth in the region. Another trend in the market is the emphasis on sustainability. Customers are becoming more conscious of the environmental impact of their purchases and are seeking eco-friendly bedroom furniture options. This trend has driven manufacturers to adopt sustainable practices and use materials that are renewable and environmentally friendly.

Local special circumstances: The EAEU region consists of countries with diverse cultural backgrounds and varying economic conditions. This diversity contributes to the demand for a wide range of bedroom furniture styles and price points. Additionally, the region's large population and increasing urbanization have resulted in a growing middle class with higher disposable incomes. This has led to an increased demand for higher-end bedroom furniture.

Underlying macroeconomic factors: The Bedroom Furniture market in EAEU is influenced by various macroeconomic factors. Economic growth and stability in the region have contributed to increased consumer spending power, leading to higher demand for bedroom furniture. Additionally, government policies promoting the development of the furniture industry and the growth of the real estate sector have also played a role in driving market growth. In conclusion, the Bedroom Furniture market in EAEU is experiencing growth and development due to customer preferences for stylish and functional furniture, the rise of online retail, the emphasis on sustainability, local special circumstances, and underlying macroeconomic factors. As the region continues to evolve, it is expected that the market will continue to expand and offer new opportunities for both manufacturers and retailers.

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.