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:
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.
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Nov 2024
Source: Statista Market Insights
Most recent update: Jul 2024
Source: Statista Market Insights
Most recent update: Nov 2024
Source: Statista Market Insights
Most recent update: Mar 2024
Source: Statista Company Insights
Most recent update: Mar 2024
Source: Statista Market Insights
Most recent update: Nov 2024
Source: Statista Market Insights
The Bedroom Furniture market in Northern Africa has been experiencing steady growth in recent years. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors have all contributed to this development.
Customer preferences: in the Bedroom Furniture market in Northern Africa have shifted towards more modern and contemporary designs. Consumers are increasingly looking for furniture that is not only functional but also aesthetically pleasing. This trend is in line with global preferences, as modern designs have gained popularity worldwide. Additionally, customers in Northern Africa have shown a preference for furniture that is durable and long-lasting, as they value quality and longevity in their purchases.
Trends in the market: indicate a growing demand for bedroom furniture in Northern Africa. This can be attributed to several factors. Firstly, there has been an increase in disposable income among consumers in the region, allowing them to spend more on furniture and home decor. As a result, the demand for bedroom furniture has risen. Secondly, urbanization has played a role in driving the market growth. As more people move to urban areas, there is a greater need for furniture to furnish their new homes. This has led to an increased demand for bedroom furniture in urban centers across Northern Africa.
Local special circumstances: also contribute to the development of the Bedroom Furniture market in Northern Africa. One such circumstance is the cultural significance of the bedroom in the region. Bedrooms are seen as private spaces and are given special attention in terms of design and decor. This cultural emphasis on the bedroom has created a demand for high-quality and aesthetically pleasing furniture in the market.
Underlying macroeconomic factors: have also played a role in the growth of the Bedroom Furniture market in Northern Africa. Economic stability and growth in the region have provided consumers with the confidence to invest in durable and high-quality furniture. Additionally, government initiatives to promote the housing sector have further fueled the demand for bedroom furniture. As more housing projects are developed, there is a need for furniture to furnish these new homes, leading to increased sales in the market. In conclusion, the Bedroom Furniture market in Northern Africa has been developing due to customer preferences for modern and durable designs, trends in the market driven by increased disposable income and urbanization, local special circumstances emphasizing the importance of the bedroom, and underlying macroeconomic factors such as economic stability and government initiatives. This growth is expected to continue as consumers in the region prioritize quality and aesthetics in their furniture purchases.
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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights