Bedroom Furniture - Argentina | Statista Market Forecast

In Argentina, the revenue generated in the Bedroom Furniture market in 2024 reaches US$841.60m.
It is anticipated that this market will experience an annual growth rate of 1.37% (CAGR 2024-2029).
When comparing this revenue to other countries worldwide, United States stands out as the leader with a revenue of US$41bn in 2024.
Looking at the per capita figures, in 2024, each person in Argentina generates revenues of US$18.27 in this market segment.
The demand for high-quality, locally-made bedroom furniture is increasing in Argentina as consumers prioritize supporting domestic manufacturers.

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.

Beds
Mattresses
Beddings
Dressers, nightstands, and closets

Consumer electronics
Household appliances
Lamps and lighting
Floor covering

The Bedroom Furniture market in Argentina has been experiencing steady growth in recent years. Customer preferences have shifted towards more modern and functional bedroom furniture, reflecting global trends in the market. Additionally, local special circumstances and underlying macroeconomic factors have contributed to the development of the market.

Customer preferences: in Argentina have been influenced by the global trend towards modern and functional bedroom furniture. Consumers are increasingly looking for furniture that not only provides comfort but also meets their aesthetic preferences. This has led to a rise in demand for sleek and minimalist designs, as well as furniture that offers storage solutions to maximize space in smaller bedrooms. Additionally, there is a growing preference for eco-friendly and sustainable materials, as consumers become more conscious of their environmental impact.

Trends in the market: also reflect the changing lifestyles of Argentinian consumers. With the rise of urbanization and smaller living spaces, there is a greater demand for multifunctional furniture that can serve multiple purposes. For example, beds with built-in storage or convertible sofas that can be used as guest beds are becoming increasingly popular. This trend is driven by the need to optimize space and make the most of limited living areas.

Local special circumstances: in Argentina have also contributed to the development of the Bedroom Furniture market. The country has a relatively high homeownership rate, which has led to a consistent demand for furniture. Additionally, the government's housing policies, such as subsidies for first-time homebuyers, have encouraged the construction of new homes and apartments, further driving the demand for bedroom furniture.

Underlying macroeconomic factors: have also played a role in the growth of the Bedroom Furniture market in Argentina. The country has experienced periods of economic instability in the past, which has led to fluctuations in consumer spending. However, in recent years, the economy has been recovering, leading to increased consumer confidence and higher disposable incomes. This has resulted in a greater willingness to invest in home furnishings, including bedroom furniture. In conclusion, the Bedroom Furniture market in Argentina is developing in response to changing customer preferences, local special circumstances, and underlying macroeconomic factors. Consumers are increasingly looking for modern and functional furniture that maximizes space and meets their aesthetic preferences. The rise in urbanization and smaller living spaces has also driven the demand for multifunctional furniture. Additionally, the country's high homeownership rate and government housing policies have contributed to the growth of the market. Overall, the positive macroeconomic factors, such as economic recovery and increased consumer confidence, have also played a role in the development of the Bedroom Furniture market in Argentina.

Data coverage:

Data encompasses B2C enterprises. Figures are based on home furnishings and furniture found in every room of the home. This market is categorized by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen & Dining room, Outdoor, Home Office, and Baby & Children's Furniture. The Furniture market also includes Lamps and Lighting and Home Décor because the furnishings and accessories within these categories 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.

This report presents a comprehensive analysis and additional information on the Consumer market, in a PDF format.

From homeware to office furniture, even expanding over to pet care, the furniture industry is all-encompassing and ever-growing. Be it homes, schools, offices, or even outdoors, furniture is what gives a room its function and purpose.