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Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
Key regions: Denmark, Germany, China, United States, Worldwide
The Bedroom Furniture market in EU-27 is witnessing significant growth due to changing customer preferences, emerging trends, and favorable macroeconomic factors.
Customer preferences: Customers in the EU-27 are increasingly looking for bedroom furniture that combines functionality with aesthetics. They prefer furniture pieces that offer ample storage options and are designed to maximize space utilization in smaller bedrooms. Additionally, there is a growing demand for eco-friendly and sustainable bedroom furniture, as customers are becoming more conscious of the environmental impact of their purchases.
Trends in the market: One of the key trends in the Bedroom Furniture market in EU-27 is the rise of online sales channels. With the increasing penetration of the internet and smartphones, customers are opting to purchase bedroom furniture online due to the convenience and wider product range available. This trend is further fueled by the COVID-19 pandemic, which has led to a surge in online shopping across various industries. Another trend in the market is the growing popularity of multifunctional furniture. As living spaces in the EU-27 become smaller and more compact, customers are seeking furniture pieces that can serve multiple purposes. For example, beds with built-in storage compartments or sofa beds that can be converted into sleeping surfaces are in high demand.
Local special circumstances: Each country within the EU-27 has its own unique set of circumstances that influence the Bedroom Furniture market. For instance, in countries with a high population density and limited living space, such as the Netherlands and Belgium, there is a greater demand for space-saving furniture solutions. On the other hand, countries with a strong tradition of craftsmanship, such as Italy and Germany, have a higher demand for high-quality, luxury bedroom furniture.
Underlying macroeconomic factors: The Bedroom Furniture market in EU-27 is also influenced by macroeconomic factors such as disposable income levels, consumer confidence, and housing market trends. As the economy improves and disposable incomes rise, customers are more willing to invest in higher-end bedroom furniture. Similarly, when the housing market is booming, there is a higher demand for bedroom furniture as individuals and families move into new homes or renovate their existing ones. In conclusion, the Bedroom Furniture market in EU-27 is experiencing growth due to evolving customer preferences, emerging trends, and favorable macroeconomic factors. The rise of online sales channels, the demand for multifunctional furniture, and the focus on sustainability are driving the market forward. Additionally, local special circumstances and underlying macroeconomic factors play a significant role in shaping the market dynamics in each country within the EU-27.
Data coverage:
Data encompasses B2C enterprises. Figures are based on home furnishings and furniture found in every room of the home. This market is segmented by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen and Dining room, Bathroom, Outdoor, and Home Office. The Furniture market also includes Lamps and Lighting and Home Decor because the furnishings and accessories within these segments 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.Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)