Bedroom Furniture - South America

South America

The revenue generated in the Bedroom Furniture market in South America amounts to US$5.17bn in 2024.
It is projected to experience an annual growth rate of 4.69% (CAGR 2024-2029).
When compared to other countries around Worldwide, in the United States leads the market with a revenue of US$41,450m in 2024.
In terms of per capita revenue, in South America generates US$12.50 per person in 2024.
The demand for high-quality, locally sourced wooden bedroom furniture is on the rise in South America, driven by a growing appreciation for sustainability and craftsmanship.

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 South America is experiencing significant growth and development, driven by changing customer preferences and underlying macroeconomic factors.

Customer preferences: in the Bedroom Furniture market in South America are shifting towards more modern and contemporary designs. Consumers are increasingly seeking furniture pieces that are sleek, minimalist, and functional, with clean lines and neutral colors. This trend is influenced by global design trends and the desire for a more sophisticated and stylish living space. Additionally, there is a growing demand for multi-functional furniture that maximizes space in smaller homes and apartments, reflecting the urbanization and increasing population density in many South American cities. Trends in the market indicate a growing demand for sustainable and eco-friendly bedroom furniture. South American consumers are becoming more conscious of the environmental impact of their purchases and are seeking furniture made from sustainable materials such as bamboo or recycled wood. This trend is driven by a growing awareness of climate change and the desire to support environmentally responsible brands. As a result, manufacturers and retailers in the region are increasingly offering eco-friendly options to cater to this demand. Another trend in the Bedroom Furniture market in South America is the rise of online shopping. e-commerce has seen significant growth in the region, driven by increasing internet penetration and the convenience of online shopping. Consumers are now able to browse and purchase bedroom furniture from the comfort of their own homes, with a wide variety of options available at their fingertips. This trend has led to the emergence of online furniture retailers, as well as traditional brick-and-mortar stores expanding their online presence. Local special circumstances in South America, such as the diverse cultural and economic landscape of the region, also play a role in shaping the Bedroom Furniture market. Each country in South America has its own unique preferences and tastes when it comes to furniture design and style. For example, Brazilian consumers tend to prefer bold and vibrant colors, while Argentinian consumers lean towards more traditional and ornate designs. These local preferences influence the product offerings and marketing strategies of furniture manufacturers and retailers in each country.

Underlying macroeconomic factors: such as gdp growth and disposable income levels, also contribute to the development of the Bedroom Furniture market in South America. As the region's economies continue to grow, more households are able to afford higher-quality and more expensive furniture. Rising disposable incomes also lead to increased consumer spending on home furnishings, including bedroom furniture. Additionally, urbanization and population growth in South American cities create a demand for affordable and space-saving furniture solutions. In conclusion, the Bedroom Furniture market in South America is experiencing growth and development due to changing customer preferences, including a shift towards modern and sustainable designs, as well as the rise of online shopping.

Local special circumstances: and underlying macroeconomic factors also contribute to the market's development. As the region's economies continue to grow and consumer preferences evolve, the Bedroom Furniture market in South America is expected to further expand in the coming years.

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 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.