Bedroom Furniture - Iraq

Iraq

In 2024, the revenue in the Bedroom Furniture market in Iraq amounts to US$477m.
This market is projected to experience an annual growth rate of 3.22% (CAGR 2024-2029).
When comparing globally, in the United States generates the highest revenue in this segment, reaching US$46,500m in 2024.
Considering the total population figures, the per person revenue in Iraq is US$10.25 in 2024.
The demand for traditional handcrafted bedroom furniture in Iraq is on the rise, reflecting a cultural appreciation for artisanal craftsmanship.

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 Iraq has been experiencing steady growth in recent years. Customer preferences for bedroom furniture in Iraq are influenced by a variety of factors, including cultural traditions, economic conditions, and changing lifestyles. As a result, the market has seen several trends emerge, such as a shift towards more modern and functional designs, an increasing demand for space-saving furniture, and a growing interest in eco-friendly and sustainable materials.

Customer preferences: In Iraq, customers have traditionally favored ornate and luxurious bedroom furniture designs. However, there has been a noticeable shift towards more modern and functional designs in recent years. This can be attributed to changing lifestyles, as more people are opting for smaller living spaces and apartments. As a result, there is a growing demand for space-saving furniture that is both stylish and practical.

Trends in the market: One of the key trends in the bedroom furniture market in Iraq is the increasing demand for space-saving furniture. With limited living spaces, customers are looking for furniture that can maximize the use of available space. This has led to the popularity of multifunctional furniture pieces, such as beds with built-in storage compartments or folding beds that can be easily tucked away when not in use. Another trend in the market is the growing interest in eco-friendly and sustainable materials. As awareness about environmental issues increases, customers in Iraq are becoming more conscious of the materials used in their furniture. This has led to a rise in demand for bedroom furniture made from sustainable materials, such as bamboo or reclaimed wood. Additionally, customers are also showing a preference for furniture that is produced using environmentally friendly manufacturing processes.

Local special circumstances: Iraq has faced significant economic challenges in recent years, including political instability and conflict. These factors have had an impact on the bedroom furniture market, with fluctuations in consumer spending and purchasing power. However, despite these challenges, the market has shown resilience and continues to grow.

Underlying macroeconomic factors: The growth of the bedroom furniture market in Iraq can be attributed to several underlying macroeconomic factors. Firstly, there has been an increase in disposable income among the population, which has allowed for greater spending on home furnishings. Additionally, urbanization and population growth have led to an increased demand for housing, which in turn drives the demand for bedroom furniture. Furthermore, the government has implemented policies to support the development of the furniture industry in Iraq. This includes providing incentives for local manufacturers and encouraging foreign investment in the sector. These initiatives have helped to stimulate growth in the market and attract both domestic and international players. Overall, the Bedroom Furniture market in Iraq is developing in response to changing customer preferences, local special circumstances, and underlying macroeconomic factors. The market is expected to continue growing as consumers seek modern and functional furniture designs, while also considering sustainability and eco-friendly materials.

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.