Bedroom Furniture - Finland

Finland

In 2024, the revenue in the Bedroom Furniture market in Finland amounts to US$295.60m.
The market is projected to experience an annual growth rate of 0.88% (CAGR 2024-2029).
When compared globally, in the United States generates the highest revenue, reaching US$41,450m in 2024.
Considering the total population, each person in Finland generates US$53.27 in revenue in the Bedroom Furniture market in 2024.
The demand for minimalist and eco-friendly bedroom furniture is on the rise in Finland, reflecting the country's commitment to sustainable living.

Key regions: Denmark, Germany, China, United States, Worldwide

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.

Market

Region

Region comparison

Currency

Analyst Opinion

The Bedroom Furniture market in Finland has been experiencing steady growth in recent years, driven by changing customer preferences, market trends, and local special circumstances.

Customer preferences: Finland, like many other developed countries, has seen a shift in customer preferences towards more modern and minimalist designs in bedroom furniture. Customers are increasingly looking for furniture that is functional, space-saving, and aesthetically pleasing. This has led to a rise in demand for sleek and simple designs that can fit well in smaller living spaces.

Trends in the market: One of the key trends in the bedroom furniture market in Finland is the increasing popularity of eco-friendly and sustainable furniture. With growing awareness about the environmental impact of furniture production, customers are seeking out products that are made from sustainable materials and produced using eco-friendly manufacturing processes. This trend is driving the demand for furniture made from recycled materials, certified wood, and low VOC (volatile organic compounds) finishes. Another trend in the market is the growing popularity of online shopping for bedroom furniture. Finnish customers are increasingly turning to online retailers to browse and purchase furniture, attracted by the convenience, wider selection, and competitive pricing offered by online stores. This trend has led to the emergence of online furniture retailers, as well as traditional brick-and-mortar stores expanding their online presence to cater to the changing customer behavior.

Local special circumstances: Finland has a unique climate and landscape, which has influenced the local bedroom furniture market. The long and cold winters in Finland have led to a demand for furniture that provides warmth and comfort, such as beds with built-in heating options or mattresses with temperature-regulating properties. Additionally, the abundance of forests in Finland has made wood a popular material choice for bedroom furniture, with customers appreciating its natural beauty and durability.

Underlying macroeconomic factors: The overall economic stability and high standard of living in Finland have contributed to the growth of the bedroom furniture market. As disposable incomes have increased, customers are more willing to invest in high-quality and durable furniture that will last for a long time. Furthermore, the strong focus on design and aesthetics in Finnish culture has created a demand for well-crafted and visually appealing bedroom furniture. In conclusion, the Bedroom Furniture market in Finland is developing in response to changing customer preferences, market trends, and local special circumstances. The shift towards modern and minimalist designs, the growing demand for eco-friendly and sustainable furniture, the rise of online shopping, and the unique climate and landscape of Finland are all factors driving the growth of the market. Additionally, the overall economic stability and high standard of living in Finland have created a favorable environment for the bedroom furniture market to thrive.

Methodology

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.