Bedroom Furniture - CIS | Statista Market Forecast

In 2024, the revenue in the Bedroom Furniture market in the CIS amounts to US$3.40bn.
It is expected that the market will grow annually by 4.91% (CAGR 2024-2029).
When compared globally, United States generates the most revenue in this segment, with US$41bn in 2024.
In terms of per person revenues, in 2024, each individual in the CIS generates US$14.01.
The CIS market for bedroom furniture is experiencing a surge in demand for traditional and ornate designs, reflecting the region's rich cultural heritage.

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 cis is experiencing steady growth due to changing customer preferences, emerging trends, and local special circumstances.

Customer preferences: in the cis region are shifting towards more modern and functional bedroom furniture. Customers are looking for furniture that not only provides comfort but also enhances the overall aesthetic appeal of their bedrooms. This has led to an increased demand for sleek and minimalist designs, as well as furniture that offers storage solutions. Additionally, customers are becoming more conscious of the environmental impact of their purchases, leading to a rise in demand for sustainable and eco-friendly bedroom furniture. Trends in the market indicate a growing demand for customized and modular bedroom furniture. Customers are increasingly seeking furniture that can be easily assembled, disassembled, and reconfigured to suit their changing needs. This trend is driven by the growing number of people living in small apartments or shared spaces, where optimizing space is crucial. Modular furniture allows customers to maximize the use of limited space while still maintaining a stylish and functional bedroom.

Local special circumstances: in the cis region play a significant role in the development of the bedroom furniture market. The region has a rich cultural heritage, and customers often prefer furniture that reflects their traditions and values. This has led to a demand for bedroom furniture with intricate designs, ornate carvings, and traditional motifs. Additionally, the region's harsh climate and extreme temperature fluctuations require furniture that is durable and can withstand the test of time. This has led to an increased demand for high-quality and long-lasting bedroom furniture. Underlying macroeconomic factors also contribute to the growth of the bedroom furniture market in the cis region. Economic stability and rising disposable incomes have increased consumers' purchasing power, allowing them to invest in higher-quality and more expensive bedroom furniture. Additionally, urbanization and population growth have led to an increase in the number of households, driving the demand for bedroom furniture. The region's growing middle class is also a key driver of market growth, as they seek to upgrade their living spaces and invest in comfortable and stylish bedroom furniture. In conclusion, the Bedroom Furniture market in cis is developing in response to changing customer preferences, emerging trends, local special circumstances, and

Underlying macroeconomic factors:. The shift towards modern and functional designs, the demand for customized and modular furniture, the preference for traditional and durable pieces, and the region's economic stability and rising disposable incomes are all contributing to the growth of the market.

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.