Bedroom Furniture - Colombia | Statista Market Forecast

In Colombia, the revenue generated in the Bedroom Furniture market in 2024 amounts to US$492.70m.
It is projected that the market will experience an annual growth rate of 5.00% (CAGR 2024-2029).
When compared globally, United States leads in revenue generation with US$41bn in 2024.
Taking into account the total population figures, the per person revenue generated in Colombia in 2024 is US$9.41.
Colombia's bedroom furniture market is experiencing a surge in demand for eco-friendly and sustainable designs.

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 Colombia is experiencing significant growth due to changing customer preferences and underlying macroeconomic factors.

Customer preferences: Colombian consumers are increasingly valuing comfort and style when it comes to their bedroom furniture. They are seeking furniture pieces that not only provide functionality but also enhance the overall aesthetic appeal of their bedrooms. As a result, there is a growing demand for modern and contemporary bedroom furniture designs that offer sleek lines, minimalist aesthetics, and high-quality materials. Customers are also looking for furniture pieces that maximize storage space, as smaller living spaces are becoming more common in urban areas.

Trends in the market: One of the key trends in the Colombian Bedroom Furniture market is the increasing popularity of eco-friendly and sustainable furniture options. Consumers are becoming more conscious of the environmental impact of their purchasing decisions and are actively seeking furniture made from sustainable materials such as bamboo, reclaimed wood, and recycled materials. This trend is driven by a growing awareness of environmental issues and a desire to support ethical and responsible manufacturing practices. Another trend in the market is the rise of online retail channels. With the increasing penetration of internet access and the growing popularity of e-commerce platforms, consumers are now able to browse and purchase bedroom furniture from the comfort of their homes. Online retailers offer a wide range of options and competitive prices, making it easier for consumers to find the perfect bedroom furniture to suit their preferences and budgets. This trend has also led to an increase in price transparency, as consumers can easily compare prices across different retailers and make informed purchasing decisions.

Local special circumstances: Colombia has a vibrant and diverse culture, and this is reflected in the demand for bedroom furniture. Colombian consumers often seek furniture pieces that incorporate traditional craftsmanship and design elements, such as intricate woodwork and vibrant colors. This demand for locally-inspired furniture creates opportunities for local manufacturers and artisans to showcase their skills and cater to the unique tastes of Colombian consumers.

Underlying macroeconomic factors: The Colombian economy has been experiencing steady economic growth in recent years, which has contributed to the increasing purchasing power of consumers. As disposable incomes rise, consumers are more willing to invest in high-quality bedroom furniture that offers long-term durability and value for money. Additionally, the growing urbanization and the increasing number of households in Colombia are driving the demand for bedroom furniture, as more people are setting up their own homes and seeking furniture to furnish their bedrooms. In conclusion, the Bedroom Furniture market in Colombia is witnessing growth due to changing customer preferences for comfort and style, as well as underlying macroeconomic factors such as rising disposable incomes and urbanization. The market is also influenced by trends towards eco-friendly and sustainable furniture options, as well as the increasing popularity of online retail channels. Local special circumstances, such as the demand for traditional craftsmanship and design elements, further contribute to the development of the market. Overall, the future looks promising for the Bedroom Furniture market in Colombia as it continues to evolve and meet the evolving needs of consumers.

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.