Bedroom Furniture - Georgia | Statista Market Forecast

In Georgia, the revenue generated in the Bedroom Furniture market in 2024 amounts to US$30.33m.
It is projected that the market will experience an annual growth rate of 4.02% (CAGR 2024-2029).
When compared to other countries worldwide, United States generates the highest revenue in this segment, with a total of US$41bn in 2024.
In terms of per capita revenue, each person in Georgia generates US$8.16 in 2024.
The demand for high-quality, traditional Georgian bedroom furniture is on the rise, reflecting the country's rich cultural heritage and appreciation for craftsmanship.

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 Georgia has been experiencing significant growth in recent years.

Customer preferences: Customers in Georgia have shown a strong preference for stylish and modern bedroom furniture. They are increasingly looking for furniture pieces that not only provide functionality but also add aesthetic value to their bedrooms. This trend is in line with the global market, where consumers are becoming more design-conscious and seeking furniture that reflects their personal style and taste.

Trends in the market: One of the key trends in the Bedroom Furniture market in Georgia is the growing demand for space-saving furniture. As urbanization continues to increase, many people are living in smaller apartments or houses with limited space. This has led to a rise in the popularity of multifunctional furniture pieces, such as beds with built-in storage or folding beds that can be easily stowed away when not in use. Another trend in the market is the increasing popularity of eco-friendly and sustainable bedroom furniture. Consumers in Georgia, like many other regions, are becoming more conscious of the environmental impact of their purchasing decisions. As a result, there is a growing demand for furniture made from sustainable materials, such as reclaimed wood or bamboo, and furniture that is produced using environmentally friendly manufacturing processes.

Local special circumstances: Georgia has a rich cultural heritage and a strong tradition of craftsmanship. This has contributed to the development of a local furniture industry that produces high-quality, handcrafted bedroom furniture. Many consumers in Georgia value the uniqueness and craftsmanship of locally made furniture, and are willing to pay a premium for it. This has created opportunities for local furniture manufacturers to thrive in the market.

Underlying macroeconomic factors: The growth of the Bedroom Furniture market in Georgia can be attributed to several underlying macroeconomic factors. The country has experienced steady economic growth in recent years, which has resulted in an increase in disposable income levels. As a result, consumers have more purchasing power and are able to invest in higher-quality bedroom furniture. Additionally, the real estate market in Georgia has been booming, with an increase in construction activities and a rise in the number of new homes being built. This has created a demand for bedroom furniture as homeowners and property developers furnish their new properties. In conclusion, the Bedroom Furniture market in Georgia is experiencing growth due to customer preferences for stylish and modern furniture, the trends of space-saving and eco-friendly furniture, the local special circumstances of a strong tradition of craftsmanship, and the underlying macroeconomic factors of economic growth and a booming real estate 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.