Bedroom Furniture - GCC

In 2024, the revenue generated in the Bedroom Furniture market in the GCC amounts to US$3bn.
This market is projected to experience an annual growth rate of 1.17% (CAGR 2024-2029).
When comparing this revenue globally, United States leads the way with a staggering US$46,500m in 2024.
Taking into account the total population figures, the per person revenue generated in 2024 is US$49.62.
The demand for luxury bedroom furniture in the GCC is on the rise, driven by the region's affluent population and their preference for opulent home decor.

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 gcc has been experiencing significant growth in recent years. Customer preferences for stylish and functional bedroom furniture, along with local special circumstances and underlying macroeconomic factors, have contributed to this trend.

Customer preferences: in the gcc region have shifted towards modern and contemporary bedroom furniture designs. Customers are looking for furniture pieces that not only provide comfort but also enhance the overall aesthetics of their bedrooms. The demand for sleek and minimalistic designs has increased, with customers preferring furniture made from high-quality materials such as wood, metal, and glass. Additionally, customers are also seeking bedroom furniture that offers storage solutions to maximize space in their bedrooms. Trends in the market indicate a growing interest in customized bedroom furniture. Customers are increasingly looking for unique and personalized pieces that reflect their individual style and preferences. This trend has led to the rise of bespoke furniture makers who offer made-to-order bedroom furniture. Customization options include choosing the type of wood, finishes, and even specific dimensions to fit the customer's bedroom space perfectly. This trend has gained popularity as customers value the exclusivity and uniqueness that comes with customized furniture.

Local special circumstances: in the gcc region have also contributed to the development of the Bedroom Furniture market. The gcc countries are known for their affluent population and high disposable income. This has resulted in increased spending on luxury and high-end bedroom furniture. Customers in the region are willing to invest in premium furniture brands that offer superior quality and durability. The demand for luxury bedroom furniture has created opportunities for international furniture brands to enter the market and cater to the growing demand.

Underlying macroeconomic factors: such as urbanization and population growth have also played a role in the development of the Bedroom Furniture market in the gcc region. The gcc countries have witnessed rapid urbanization in recent years, leading to an increase in the number of residential projects. As more people move into cities and invest in new homes, the demand for bedroom furniture has surged. In addition, population growth in the region has resulted in a larger consumer base for furniture retailers, further driving the market growth. In conclusion, the Bedroom Furniture market in the gcc region is developing due to customer preferences for stylish and functional furniture, the trend towards customization, local special circumstances such as high disposable income, and underlying macroeconomic factors like urbanization and population growth. This market is expected to continue growing as customers seek innovative and personalized bedroom furniture solutions.

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.