Bedroom Furniture - BRICS | Statista Market Forecast

In 2024, the revenue in the Bedroom Furniture market in BRICS amounts to US$19.16bn.
According to market projections, this market is expected to grow annually by 4.05% (CAGR 2024-2029).
When compared globally, United States generates the highest revenue in this segment, reaching US$41bn in 2024.
In terms of per person revenues, in 2024, each individual in BRICS contributes US$5.81 to the revenue generated in the Bedroom Furniture market.
In Brazil, the demand for high-quality, eco-friendly bedroom furniture is on the rise as consumers prioritize sustainability and durability.

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 BRICS countries is experiencing significant growth due to various factors such as changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors.

Customer preferences: Customers in BRICS countries are increasingly looking for bedroom furniture that is not only functional but also aesthetically pleasing. They prefer furniture that is durable, stylish, and reflects their personal taste and lifestyle. Additionally, customers are becoming more conscious about the environmental impact of their purchases, leading to a growing demand for sustainable and eco-friendly bedroom furniture.

Trends in the market: One of the key trends in the Bedroom Furniture market in BRICS countries is the rise of online retail. With the increasing penetration of internet and smartphones, customers are now more inclined to purchase bedroom furniture online. This trend is driven by the convenience of online shopping, a wider range of options, and competitive pricing offered by online retailers. As a result, traditional brick-and-mortar stores are facing challenges in attracting customers and are adapting their business models to include online platforms. Another trend in the market is the growing popularity of multifunctional bedroom furniture. As living spaces in BRICS countries become smaller due to urbanization and population growth, customers are seeking furniture that can serve multiple purposes. For example, beds with built-in storage or desks that can be transformed into beds are in high demand. This trend is driven by the need for space optimization and practicality.

Local special circumstances: Each BRICS country has its own unique set of circumstances that influence the Bedroom Furniture market. For example, in Brazil, a country known for its vibrant and colorful culture, customers prefer bedroom furniture that reflects their cultural heritage. This includes furniture with intricate designs, bold colors, and natural materials such as wood and rattan. In Russia, customers have a preference for luxury and high-end bedroom furniture. They are willing to invest in premium brands and designs that exude elegance and sophistication. This preference is driven by the growing middle class and their desire to showcase their social status through their living spaces.

Underlying macroeconomic factors: The growth of the Bedroom Furniture market in BRICS countries is also influenced by underlying macroeconomic factors. For instance, rapid urbanization and rising disposable incomes are driving the demand for bedroom furniture in China and India. As more people move to cities and experience an increase in their purchasing power, they are willing to invest in quality bedroom furniture. Furthermore, government initiatives and policies play a crucial role in shaping the market. For example, in South Africa, the government has implemented affordable housing programs, which has led to an increased demand for affordable and functional bedroom furniture. In conclusion, the Bedroom Furniture market in BRICS countries is witnessing growth due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. The market is driven by the demand for stylish and functional furniture, the rise of online retail, the popularity of multifunctional furniture, and the influence of cultural and economic factors.

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.