Bedroom Furniture - Northern Europe

Northern Europe

In Northern Europe, the revenue in the Bedroom Furniture market reaches a substantial amount of US$4bn in 2024.
It is projected that the market will experience an annual growth rate of 4.31% (CAGR 2024-2029).
When compared globally, United States stands out as the top revenue generator in this segment, with a staggering amount of US$46,500m in 2024.
Taking into account the population figures, the per person revenues for Northern Europe in 2024 amount to US$108.20.
In Northern Europe, the demand for minimalist and eco-friendly bedroom furniture has been steadily increasing.

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 Northern Europe is experiencing significant growth and development. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors all contribute to this positive trajectory.

Customer preferences: in Northern Europe have shifted towards more modern and minimalist designs in recent years. Consumers are increasingly seeking bedroom furniture that is sleek, functional, and space-saving. This preference for contemporary styles is reflected in the growing demand for platform beds, storage beds, and modular wardrobes. Additionally, there is a strong emphasis on sustainability and eco-friendly materials, with many customers opting for furniture made from reclaimed wood or recycled materials.

Trends in the market: indicate a rise in online furniture shopping. Northern European consumers are increasingly comfortable purchasing bedroom furniture online, thanks to the convenience and wide range of options available. Online retailers are capitalizing on this trend by offering personalized shopping experiences, virtual room planners, and easy return policies. As a result, traditional brick-and-mortar stores are facing increased competition and are adapting their business models to include online sales.

Local special circumstances: in Northern Europe also contribute to the growth of the Bedroom Furniture market. The region's high disposable income levels and strong economy allow consumers to invest in high-quality and durable furniture. Additionally, the relatively small living spaces in many Northern European cities necessitate the need for space-saving and multifunctional furniture. This creates a niche market for innovative bedroom furniture designs that maximize storage and functionality without compromising on style.

Underlying macroeconomic factors: further support the growth of the Bedroom Furniture market in Northern Europe. The region's stable economy and low unemployment rates provide consumers with the confidence and financial means to invest in home furnishings. Additionally, favorable government policies and incentives encourage sustainable and eco-friendly practices in the furniture industry, further driving demand for environmentally conscious bedroom furniture. In conclusion, the Bedroom Furniture market in Northern Europe is experiencing growth and development due to customer preferences for modern and minimalist designs, the rise of online furniture shopping, local special circumstances such as high disposable income and small living spaces, and underlying macroeconomic factors including a stable economy and government support for sustainability. This positive trajectory is expected to continue as consumers in Northern Europe prioritize functional and stylish bedroom furniture.

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.