Bedroom Furniture - Bangladesh

Bangladesh

In 2024, the revenue generated in the Bedroom Furniture market in Bangladesh amounts to US$286.30m.
It is projected that this market will experience an annual growth rate of 4.12% from 2024 to 2029 (CAGR 2024-2029).
When compared to other countries globally, in the United States generates the highest revenue in the Bedroom Furniture market, reaching US$41,450m in 2024.
Taking into account the total population of Bangladesh, the per person revenue in the Bedroom Furniture market is estimated to be US$1.64 in 2024.
Bangladesh's bedroom furniture market is experiencing a surge in demand for modern and space-saving designs due to the country's urbanization and limited living spaces.

Key regions: Denmark, Germany, China, United States, Worldwide

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 Bangladesh has been experiencing significant growth in recent years.

Customer preferences: Customers in Bangladesh have shown a strong preference for high-quality bedroom furniture that is both functional and aesthetically pleasing. They value durability and longevity in their furniture purchases, as well as designs that reflect their personal style and taste. Additionally, customers in Bangladesh tend to prioritize affordability, making price an important factor in their purchasing decisions.

Trends in the market: One of the key trends in the Bedroom Furniture market in Bangladesh is the increasing demand for space-saving furniture solutions. As urbanization continues to drive population growth in the country, living spaces are becoming smaller and more compact. This has led to a greater need for furniture that maximizes space efficiency, such as multi-functional beds with built-in storage or folding furniture that can be easily stored when not in use. Another trend in the market is the rising popularity of eco-friendly and sustainable bedroom furniture. With growing awareness about environmental issues, customers in Bangladesh are increasingly seeking out furniture made from sustainable materials and produced using environmentally friendly manufacturing processes. This trend is driven by a desire to minimize the environmental impact of their purchases and support companies that prioritize sustainability.

Local special circumstances: Bangladesh has a large and growing middle class population, which is driving the demand for bedroom furniture. As more people move into the middle class, they have more disposable income to spend on furniture and are looking to upgrade their living spaces. Additionally, the rapid urbanization in the country has led to an increase in apartment living, creating a need for furniture that is specifically designed for smaller spaces.

Underlying macroeconomic factors: The growth of the Bedroom Furniture market in Bangladesh can be attributed to several underlying macroeconomic factors. The country has experienced steady economic growth in recent years, which has resulted in increased consumer spending power. Additionally, the government has implemented policies to promote the growth of the furniture industry, such as providing incentives for foreign direct investment and supporting the development of local manufacturing capabilities. These factors, combined with favorable demographics and changing consumer preferences, have created a favorable environment for the growth of the Bedroom Furniture market in Bangladesh.

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 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.