Bedroom Furniture - Norway

Norway

In Norway, the revenue generated in the Bedroom Furniture market in 2024 is estimated to be US$772m.
Looking ahead, the market is projected to experience an annual growth rate of 0.37% (CAGR 2024-2029).
When comparing globally, United States leads the way with a revenue of US$46,500m in 2024.
Taking into account the total population, the per person revenue in 2024 amounts to US$140.00.
Norway's bedroom furniture market is experiencing a surge in demand for minimalist designs inspired by Scandinavian aesthetics.

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 Norway has been experiencing steady growth in recent years.

Customer preferences: Norwegian consumers have shown a growing interest in high-quality and sustainable bedroom furniture. They prioritize products that are made from natural materials, such as solid wood or eco-friendly materials. Scandinavian design and minimalist styles are also highly favored in the market. Customers in Norway value functionality and simplicity, as well as furniture that can withstand the harsh Nordic climate.

Trends in the market: One of the key trends in the Bedroom Furniture market in Norway is the increasing demand for space-saving solutions. As urbanization continues to drive smaller living spaces, consumers are looking for furniture that can maximize their limited space. This has led to a rise in the popularity of multifunctional furniture, such as beds with built-in storage or folding mechanisms. Another trend is the growing interest in smart bedroom furniture. With the advancement of technology, Norwegian consumers are embracing smart home solutions, including furniture that can be controlled through mobile apps or voice commands. This trend is driven by the desire for convenience and the integration of technology into daily life.

Local special circumstances: Norway has a high standard of living and a strong economy, which has contributed to the growth of the Bedroom Furniture market. The country has a well-established welfare system and a high level of disposable income, allowing consumers to invest in quality furniture for their homes. Additionally, the Norwegian government has implemented strict regulations and standards for the production and sale of furniture. This includes requirements for sustainability, safety, and environmental impact. As a result, Norwegian consumers have a strong preference for furniture that meets these standards, which has influenced the market trends in the country.

Underlying macroeconomic factors: The Bedroom Furniture market in Norway is influenced by several macroeconomic factors. The country has a stable economy with a low unemployment rate and a high level of consumer confidence. This has led to increased consumer spending on home furnishings, including bedroom furniture. Furthermore, the housing market in Norway has been experiencing growth in recent years. This has resulted in a higher demand for furniture as homeowners and renters seek to furnish their new homes. The increase in housing construction and renovation projects has also contributed to the growth of the Bedroom Furniture market. In conclusion, the Bedroom Furniture market in Norway is driven by customer preferences for high-quality and sustainable products, as well as the demand for space-saving and smart furniture solutions. The local special circumstances, such as the high standard of living and strict regulations, have also influenced the market trends. The underlying macroeconomic factors, including the stable economy and growing housing market, have contributed to the growth of the market in Norway.

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.