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 Europe has been experiencing significant growth in recent years. Customer preferences have shifted towards more modern and minimalist designs, with a focus on functionality and space-saving solutions. This trend is driven by changing lifestyles and the increasing number of people living in urban areas with limited living space. Additionally, there are several local special circumstances that have contributed to the development of the market in this region.
Customer preferences: In Southern Europe, customers have shown a strong preference for modern and minimalist bedroom furniture designs. This trend can be attributed to the influence of global design trends, as well as the desire for a clean and uncluttered living space. Customers are increasingly looking for furniture that is not only aesthetically pleasing but also practical and functional. This includes features such as built-in storage solutions and multi-purpose furniture pieces. The popularity of online shopping has also influenced customer preferences, as they have access to a wide range of options and can easily compare prices and designs.
Trends in the market: One of the key trends in the Bedroom Furniture market in Southern Europe is the increasing demand for space-saving solutions. With the limited living space in urban areas, customers are seeking furniture that can maximize the use of available space. This has led to the popularity of furniture pieces such as platform beds with built-in storage, wardrobes with sliding doors, and modular furniture systems that can be customized to fit different room sizes. Another trend is the growing interest in eco-friendly and sustainable furniture. Customers are becoming more conscious of the environmental impact of their purchases and are seeking furniture made from sustainable materials and produced using eco-friendly manufacturing processes.
Local special circumstances: Southern Europe has a rich cultural heritage and a strong tradition of craftsmanship. This has influenced the design and production of bedroom furniture in the region. Local artisans and manufacturers often incorporate traditional techniques and materials into their designs, creating unique and high-quality pieces. Additionally, Southern Europe is known for its warm climate, which has an impact on the choice of materials used in bedroom furniture. Customers in this region often prefer furniture made from natural materials such as wood, which can withstand the heat and humidity.
Underlying macroeconomic factors: The growth of the Bedroom Furniture market in Southern Europe can be attributed to several underlying macroeconomic factors. The region has experienced a steady increase in disposable income, which has allowed consumers to spend more on furniture and home decor. Additionally, the real estate market in Southern Europe has been recovering from the economic downturn, leading to an increase in housing construction and renovation projects. This has created a demand for new furniture, including bedroom furniture, as homeowners seek to furnish their newly built or renovated homes. The growth of the tourism industry in Southern Europe has also had a positive impact on the Bedroom Furniture market, as tourists often purchase furniture and home decor items as souvenirs or for their vacation homes.
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