Market Insights Consumer Furniture Bedroom Furniture

Mattresses - Luxembourg

Luxembourg

in Luxembourg, a country known for its strong economy and high standard of living, is no exception when it comes to the lucrative Mattresses market.
In 2024, the revenue in this sector amounted to an impressive US$17.70m.
This figure is projected to experience steady growth, with an annual increase of 3.12% (CAGR 2024-2029).
In terms of global comparison, in the United States leads the pack, generating a staggering revenue of US$11,570m in 2024.
This highlights the size and significance of the American market in this segment.
When considering the per person revenues in Luxembourg, an interesting perspective emerges.
In 2024, the average revenue per person stands at US$26.76.
This figure provides insight into the purchasing power and consumer behavior of the residents in this prosperous nation.
Overall, the Mattresses market in Luxembourg showcases promising growth potential, aligning with the country's reputation for economic prosperity.
Luxembourg's mattress market is experiencing a surge in demand for luxury, eco-friendly mattresses due to the country's affluent population and emphasis on sustainability.

Key regions: Canada, United Kingdom, Worldwide, Brazil, Germany

Market

Region

Region comparison

Currency

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.