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 Southern Africa has been experiencing significant growth in recent years. Customer preferences in Southern Africa have been shifting towards more modern and stylish bedroom furniture designs. Customers are looking for furniture that not only provides functionality but also adds aesthetic value to their bedrooms. This trend is in line with global market preferences, as customers around the world are increasingly seeking out contemporary and visually appealing furniture options. One of the key trends in the Bedroom Furniture market in Southern Africa is the growing demand for eco-friendly and sustainable furniture. Customers are becoming more conscious of the environmental impact of their purchasing decisions and are actively seeking out furniture made from sustainable materials. This trend is driven by a combination of factors, including increased awareness of environmental issues and a desire to support companies that prioritize sustainability. Another trend in the market is the rise of online shopping for bedroom furniture. With the increasing availability of internet access and the convenience of online shopping, more customers in Southern Africa are turning to online retailers to purchase their bedroom furniture. This trend mirrors the global shift towards e-commerce in the furniture industry, as customers appreciate the convenience of browsing and purchasing furniture from the comfort of their own homes. Local special circumstances in Southern Africa also play a role in the development of the Bedroom Furniture market. The region has a growing middle class population with increasing disposable income, which has led to a higher demand for quality bedroom furniture. Additionally, urbanization and the growth of the real estate sector in Southern Africa have contributed to the demand for bedroom furniture, as more people are moving into new homes and apartments. Underlying macroeconomic factors have also influenced the growth of the Bedroom Furniture market in Southern Africa. Economic stability and a growing gdp have provided consumers with more purchasing power, allowing them to invest in higher quality and more expensive bedroom furniture. Furthermore, the increasing urbanization and development of infrastructure in the region have contributed to the growth of the market, as more people are moving into urban areas and requiring furniture for their new homes. Overall, the Bedroom Furniture market in Southern Africa is experiencing growth due to changing
Customer preferences: the rise of online shopping,
Local special circumstances: and
Underlying macroeconomic factors:. As the region continues to develop and the middle class population grows, the demand for bedroom furniture is expected to further increase.
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