Bedroom Furniture - Greece

Greece

In Greece, the revenue generated in the Bedroom Furniture market in 2024 amounts to US$301.90m.
It is projected to experience an annual growth rate of 5.00% (CAGR 2024-2029).
When compared to other countries worldwide, in the United States generates the highest revenue in this segment, with US$41,450m in 2024.
In terms of per capita revenue, each person in Greece generates US$29.30 in 2024.
The demand for traditional Greek-style bedroom furniture is on the rise among tourists seeking an authentic cultural experience.

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 Greece has been experiencing steady growth in recent years, driven by changing customer preferences, emerging trends in the market, and local special circumstances.

Customer preferences: In Greece, customers have shown a growing preference for modern and minimalist bedroom furniture designs. This shift in preference can be attributed to the influence of global design trends and the increasing popularity of contemporary interior styles. Customers are looking for sleek and functional furniture pieces that can maximize space and create a clean and organized look in their bedrooms.

Trends in the market: One of the key trends in the Bedroom Furniture market in Greece is the rising demand for multifunctional furniture. With the limited space available in many Greek homes, customers are seeking furniture pieces that can serve multiple purposes. For example, beds with built-in storage compartments or ottomans that can be used as both seating and storage solutions are becoming increasingly popular. This trend reflects the need for practical and space-saving solutions in the Greek market. Another trend in the market is the growing interest in eco-friendly and sustainable bedroom furniture. Greek customers are becoming more conscious of the environmental impact of their purchasing decisions and are seeking furniture made from sustainable materials and produced using environmentally friendly manufacturing processes. This trend aligns with the global shift towards sustainability and reflects the increasing importance of eco-consciousness among consumers.

Local special circumstances: Greece has a rich cultural heritage and a strong tradition of craftsmanship. This has led to a demand for high-quality, handcrafted bedroom furniture that showcases traditional Greek design elements. Customers in Greece value the uniqueness and authenticity of locally made furniture, and many are willing to pay a premium for these products. This local special circumstance presents opportunities for local artisans and manufacturers to cater to this niche market segment.

Underlying macroeconomic factors: The growth of the Bedroom Furniture market in Greece can also be attributed to underlying macroeconomic factors. In recent years, Greece has seen an improvement in its economic stability and consumer confidence. This has resulted in increased disposable income and a willingness to spend on home furnishings, including bedroom furniture. Additionally, the growth of the tourism industry in Greece has led to an increase in demand for hotel and vacation rental furnishings, including bedroom furniture. In conclusion, the Bedroom Furniture market in Greece is developing in response to changing customer preferences, emerging trends in the market, and local special circumstances. The shift towards modern and minimalist designs, the demand for multifunctional and eco-friendly furniture, and the appreciation for traditional craftsmanship are driving the growth of the market. The underlying macroeconomic factors, such as improved economic stability and the growth of the tourism industry, are also contributing to the expansion of the market.

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.