Bedroom Furniture - Lebanon | Statista Market Forecast

In Lebanon, the revenue generated in the Bedroom Furniture market is estimated to reach US$142.10m in 2024.
It is projected to experience an annual growth rate of -2.00% (CAGR 2024-2029).
Comparing globally, United States stands as the leader in this market segment, generating a revenue of US$41bn in 2024.
Considering the population figures, the per person revenue in Lebanon amounts to US$27.22 in 2024.
Lebanon's bedroom furniture market is experiencing a surge in demand for luxurious, handcrafted pieces inspired by the country's rich historical and cultural heritage.

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

Customer preferences: Lebanese customers have shown a growing preference for modern and contemporary bedroom furniture designs. They are increasingly looking for sleek and minimalist designs that offer both functionality and aesthetic appeal. This shift in preferences can be attributed to the influence of global design trends and the desire for a more modern and stylish living space. Additionally, customers are increasingly seeking bedroom furniture that is durable and made from high-quality materials, as they value longevity and sustainability in their purchases.

Trends in the market: One of the key trends in the Bedroom Furniture market in Lebanon is the rising demand for multifunctional furniture. With limited space in urban areas, customers are seeking furniture pieces that serve multiple purposes, such as beds with built-in storage or convertible sofa beds. This trend is driven by the need to maximize space efficiency and create a more versatile living environment. Another trend in the market is the increasing popularity of online shopping for bedroom furniture. Lebanese customers are becoming more comfortable with purchasing furniture online, as it offers convenience, a wider range of options, and competitive prices. Online retailers are capitalizing on this trend by providing detailed product information, customer reviews, and hassle-free delivery services.

Local special circumstances: Lebanon's unique cultural and social dynamics also play a role in shaping the Bedroom Furniture market. The country has a diverse population with different ethnic and religious backgrounds, which influences the demand for furniture styles and designs. For example, customers from different religious communities may have specific preferences for traditional or contemporary furniture, reflecting their cultural heritage. Furthermore, Lebanon's tourism industry has a significant impact on the Bedroom Furniture market. The country attracts a large number of tourists, including high-end visitors who seek luxury accommodation. This drives the demand for premium bedroom furniture in hotels and resorts, as well as in the private residential sector. The hospitality industry's focus on providing a unique and luxurious experience contributes to the demand for high-quality and stylish bedroom furniture.

Underlying macroeconomic factors: Lebanon's economic growth and stability also contribute to the development of the Bedroom Furniture market. As the economy expands, household incomes rise, and consumers have more disposable income to spend on furniture and home decor. Additionally, urbanization and population growth drive the demand for housing, leading to increased demand for bedroom furniture. In conclusion, the Bedroom Furniture market in Lebanon is experiencing growth due to changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. The demand for modern and contemporary designs, multifunctional furniture, and online shopping options are driving the market forward. The diverse cultural and social dynamics in Lebanon, as well as the influence of the tourism industry, further shape the market. Overall, the positive macroeconomic factors contribute to the growth and development of the Bedroom Furniture market in Lebanon.

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.