Bedroom Furniture - Ivory Coast

Ivory Coast

In Ivory Coast, the revenue generated in the Bedroom Furniture market is estimated to reach US$137m in 2024.
This market is projected to experience an annual growth rate of 6.77% (CAGR 2024-2029).
When compared globally, in the United States generates the highest revenue in this segment, with US$46,500m in 2024.
Taking into account the total population figures, the per person revenue in Ivory Coast's Bedroom Furniture market is approximately US$4.62 in 2024.
The demand for locally-made, artisanal bedroom furniture is on the rise in Ivory Coast, reflecting a growing appreciation for traditional craftsmanship and sustainable materials.

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 Ivory Coast is experiencing significant growth and development.

Customer preferences: Customers in Ivory Coast have shown a growing preference for stylish and modern bedroom furniture. They are increasingly looking for furniture that combines functionality with aesthetic appeal. This shift in preference can be attributed to the rising disposable income and changing lifestyles of the population. Additionally, customers are also becoming more conscious about the quality and durability of the furniture they purchase.

Trends in the market: One of the key trends in the Bedroom Furniture market in Ivory Coast is the increasing demand for space-saving furniture. As urbanization continues to accelerate, living spaces are becoming smaller and more compact. This has led to a surge in the popularity of multifunctional furniture that can maximize the use of limited space. Customers are now seeking innovative designs that can serve multiple purposes, such as beds with built-in storage compartments or folding furniture that can be easily stowed away when not in use. Another trend in the market is the growing interest in eco-friendly furniture. With the increasing awareness about environmental sustainability, customers in Ivory Coast are showing a preference for furniture made from sustainable materials. This includes furniture made from reclaimed wood, bamboo, or other renewable resources. Manufacturers are responding to this trend by offering a wider range of eco-friendly options to cater to the evolving customer preferences.

Local special circumstances: Ivory Coast has a rapidly growing middle class population, which is driving the demand for bedroom furniture. As more people move into the middle-income bracket, they are able to afford higher quality furniture and are willing to invest in their homes. This has created a favorable market environment for manufacturers and retailers of bedroom furniture in the country.

Underlying macroeconomic factors: The economic growth in Ivory Coast has been strong in recent years, with a stable GDP growth rate. This has led to an increase in disposable income and consumer spending. As people have more money to spend, they are willing to invest in improving their living spaces, including their bedrooms. This has contributed to the growth of the Bedroom Furniture market in Ivory Coast. In conclusion, the Bedroom Furniture market in Ivory Coast is experiencing growth and development driven by changing customer preferences, including a preference for stylish and modern furniture, space-saving designs, and eco-friendly options. The local special circumstance of a growing middle class population and the underlying macroeconomic factors of economic growth and increasing disposable income also contribute to the market's growth.

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.