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:
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.
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Nov 2024
Source: Statista Market Insights
Most recent update: Jul 2024
Source: Statista Market Insights
Most recent update: Nov 2024
Source: Statista Market Insights
Most recent update: Mar 2024
Source: Statista Company Insights
Most recent update: Mar 2024
Source: Statista Market Insights
Most recent update: Nov 2024
Source: Statista Market Insights
The Bedroom Furniture market in Central & Western Europe is experiencing significant growth and development in recent years. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors have all contributed to this positive trend.
Customer preferences: in the Bedroom Furniture market have shifted towards more modern and minimalist designs. Consumers in Central & Western Europe are increasingly looking for sleek and functional furniture that can maximize the use of limited space in urban areas. This preference for modern designs is also driven by the desire for a clean and uncluttered aesthetic in the bedroom.
Trends in the market: reflect the changing customer preferences. Furniture manufacturers in the region are focusing on creating innovative and space-saving solutions to meet the demands of the market. This includes the introduction of multi-functional furniture pieces such as storage beds and modular wardrobes. Additionally, there is a growing trend towards sustainable and eco-friendly materials in the production of bedroom furniture.
Local special circumstances: in Central & Western Europe also contribute to the development of the Bedroom Furniture market. The region has a high population density, particularly in urban areas, which creates a demand for compact and efficient furniture solutions. Additionally, the prevalence of smaller living spaces, such as apartments and condominiums, further drives the need for space-saving furniture options.
Underlying macroeconomic factors: have also played a role in the growth of the Bedroom Furniture market in Central & Western Europe. The region has experienced steady economic growth in recent years, leading to increased consumer spending power. This has resulted in higher demand for home furnishings, including bedroom furniture. Furthermore, the rise of e-commerce has made it easier for consumers to access a wide range of furniture options, contributing to the expansion of the market. In conclusion, the Bedroom Furniture market in Central & Western Europe is developing due to changing customer preferences towards modern and minimalist designs, the introduction of innovative and space-saving furniture solutions, local special circumstances such as high population density and smaller living spaces, and underlying macroeconomic factors including economic growth and the rise of e-commerce. This positive trend is expected to continue as consumers continue to prioritize functionality, aesthetics, and sustainability in their bedroom furniture choices.
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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights