Bedroom Furniture - Croatia | Statista Market Forecast

In Croatia, the revenue in the Bedroom Furniture market in 2024 is estimated to be US$241.80m.
It is projected that the market will experience an annual growth rate of 3.92% (CAGR 2024-2029).
When compared to other countries worldwide, United States leads the market with a revenue of US$41bn in 2024.
In terms of per capita revenue, each person in Croatia is expected to generate US$60.65 in 2024.
The demand for high-quality, locally-made bedroom furniture is on the rise in Croatia, as consumers prioritize supporting domestic craftsmanship and sustainable production.

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 Croatia is experiencing steady growth due to changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors.

Customer preferences: in the Bedroom Furniture market in Croatia have shifted towards more modern and minimalist designs. Customers are increasingly looking for furniture that is functional, space-saving, and aesthetically pleasing. This trend is driven by the growing popularity of urban living and smaller living spaces. Additionally, there is a rising demand for eco-friendly and sustainable furniture options, as customers become more conscious of their environmental impact.

Trends in the market: indicate a growing demand for customized and personalized bedroom furniture. Customers are looking for unique pieces that reflect their individual style and personality. This trend is driven by the desire for exclusivity and the willingness to invest in high-quality, durable furniture that can be passed down through generations. Online platforms and digital tools have made it easier for customers to customize and design their own furniture, further fueling this trend.

Local special circumstances: in Croatia also contribute to the development of the Bedroom Furniture market. Croatia is a popular tourist destination, attracting visitors from all over the world. This has led to an increase in demand for vacation rental properties, which in turn drives the demand for bedroom furniture. Property owners are looking to furnish their rental properties with stylish and comfortable furniture to attract more guests and increase their rental income.

Underlying macroeconomic factors: also play a role in the growth of the Bedroom Furniture market in Croatia. The country has experienced a stable economic growth in recent years, leading to an increase in disposable income. As a result, consumers have more purchasing power and are willing to invest in higher-end bedroom furniture. Additionally, the construction industry in Croatia has been booming, leading to an increase in the number of residential properties being built. This creates a demand for bedroom furniture to furnish these new homes. In conclusion, the Bedroom Furniture market in Croatia is developing due to changing customer preferences towards modern and minimalist designs, the trend towards customized and personalized furniture, local special circumstances such as the demand for vacation rental properties, and underlying macroeconomic factors such as stable economic growth and a booming construction industry. These factors contribute to the steady growth of the market and present opportunities for both local and international furniture manufacturers and retailers.

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.