Bedroom Furniture - NAFTA | Statista Market Forecast

In NAFTA, the revenue generated in the Bedroom Furniture market in 2024 amounts to US$46.16bn.
According to projections, the market is expected to experience an annual growth rate of 3.72% from 2024 to 2029 (CAGR 2024-2029).
When compared to other countries worldwide, United States leads the pack, generating US$41bn in revenue in 2024.
In terms of per capita revenue, in 2024, each person in NAFTA generates US$90.46.
This indicates the level of economic activity in the Bedroom Furniture market.
In NAFTA, the demand for luxury bedroom furniture is on the rise, driven by the growing disposable income and changing lifestyles of consumers in the region.

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 NAFTA has been experiencing steady growth in recent years. Customer preferences for bedroom furniture have been shifting towards more modern and minimalist designs, with a focus on functionality and space-saving features. Additionally, there is a growing demand for eco-friendly and sustainable materials in the market.

Customer preferences: Customers in the NAFTA region are increasingly opting for bedroom furniture that is sleek and contemporary in design. This shift in preference can be attributed to the influence of modern interior design trends, which prioritize clean lines and simplicity. Additionally, customers are looking for furniture that serves multiple purposes, such as beds with built-in storage or nightstands with charging ports. This reflects a desire for practicality and efficiency in their living spaces.

Trends in the market: One of the key trends in the Bedroom Furniture market in NAFTA is the growing demand for eco-friendly and sustainable materials. Customers are becoming more conscious of the environmental impact of their purchasing decisions and are actively seeking out furniture made from renewable resources and non-toxic materials. This trend is driven by a combination of factors, including increased awareness of climate change and a desire to create a healthier living environment. Another trend in the market is the rise of online sales channels. Customers are increasingly comfortable making large furniture purchases online, thanks to improved e-commerce platforms and the convenience of doorstep delivery. This has led to a shift in the way furniture retailers operate, with many traditional brick-and-mortar stores expanding their online presence or even transitioning to a fully online business model.

Local special circumstances: The Bedroom Furniture market in NAFTA is influenced by the unique cultural and economic circumstances of the region. The North American market is characterized by a high level of disposable income and a strong emphasis on home ownership. This has created a favorable environment for the growth of the bedroom furniture market, as customers have the means and desire to invest in high-quality furniture for their homes.

Underlying macroeconomic factors: The growth of the Bedroom Furniture market in NAFTA is supported by several macroeconomic factors. The region has experienced a stable economic growth in recent years, leading to increased consumer spending power. Additionally, low interest rates have made it easier for customers to finance large purchases, such as bedroom furniture. The strong housing market in the region has also contributed to the growth of the bedroom furniture market, as new homeowners often invest in furniture to furnish their homes. In conclusion, the Bedroom Furniture market in NAFTA is experiencing growth due to shifting customer preferences towards modern and functional designs, the growing demand for eco-friendly materials, the rise of online sales channels, and the favorable cultural and economic circumstances in the region. These trends are supported by stable economic growth, low interest rates, and a strong housing market.

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.