Market Insights Consumer Furniture Bedroom Furniture

Beds - Luxembourg

Luxembourg

in Luxembourg, a small country known for its prosperous economy, is no exception when it comes to the Beds market.
In 2024, the revenue in this market segment amounted to US$3.68m.
Looking ahead, the market is expected to experience an annual growth rate of 3.35%, calculated as the compound annual growth rate (CAGR) from 2024 to 2029.
When compared to other countries on a global scale, it is interesting to note that in the United States generates the highest revenue in the Beds market.
In 2024, their revenue reached a staggering US$2,420m.
To put the revenue figures into perspective, it is essential to consider the population size.
In Luxembourg, for instance, the per person revenue in the Beds market amounted to US$5.57 in 2024.
This indicates the financial contribution made by each individual in the country towards this market segment.
The demand for luxury beds in Luxembourg is on the rise, driven by the country's affluent population and their preference for high-quality sleep products.

Key regions: Worldwide, Germany, United Kingdom, India, China

Market

Region

Region comparison

Currency

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.