Bedroom Furniture - Suriname | Statista Market Forecast

In Suriname, the revenue in the Bedroom Furniture market reached a total of US$4.91m in 2024.
It is projected that the market will experience an annual growth rate of 5.00% (CAGR 2024-2029).
When compared to other countries worldwide, United States generates the highest revenue in this segment, amounting to US$41bn in 2024.
Taking into account the total population figures, the per person revenue in Suriname is US$7.81 in 2024.
Despite being a small market, Suriname's demand for high-quality, locally-made bedroom furniture has been steadily increasing in recent years.

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 Suriname is experiencing steady growth due to changing customer preferences, emerging trends, and local special circumstances.

Customer preferences: in Suriname have shifted towards more modern and contemporary bedroom furniture designs. Customers are increasingly looking for sleek and minimalist styles that offer functionality and practicality. This preference for modern designs is influenced by global trends and the desire for a more minimalist and clutter-free living space. Additionally, customers in Suriname are also seeking bedroom furniture that is durable and made from sustainable materials, reflecting a growing awareness of environmental issues. Trends in the market include the rising popularity of multifunctional bedroom furniture. As living spaces become smaller, customers are looking for furniture that serves multiple purposes, such as beds with built-in storage or desks that can be folded away when not in use. This trend is driven by the need for space optimization and practicality in smaller homes and apartments. Another trend in the market is the increasing demand for customized bedroom furniture. Customers in Suriname are looking for furniture that is unique and tailored to their specific needs and preferences. This trend is influenced by a desire for individuality and personalization, as well as the growing availability of customizable furniture options in the market.

Local special circumstances: in Suriname also contribute to the development of the Bedroom Furniture market. Suriname has a growing middle class with increasing disposable income, which has led to a rise in consumer spending on home furnishings, including bedroom furniture. Additionally, the country's urbanization and population growth have resulted in a higher demand for housing, driving the need for bedroom furniture. Underlying macroeconomic factors also play a role in the development of the Bedroom Furniture market in Suriname. The country's stable economy and low inflation rate have created a favorable environment for businesses and consumer spending. Furthermore, the government's efforts to promote sustainable development and environmental conservation have encouraged the use of eco-friendly materials in the production of furniture. In conclusion, the Bedroom Furniture market in Suriname is growing due to changing customer preferences, emerging trends, local special circumstances, and

Underlying macroeconomic factors:. The shift towards modern and contemporary designs, the demand for multifunctional and customized furniture, the country's growing middle class and urbanization, and the government's focus on sustainability all contribute to the development of the 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.