Bedroom Furniture - Taiwan

Taiwan

In the year 2024, the revenue generated in the Bedroom Furniture market in Taiwan amounts to US$171m.
It is projected that this market will experience an annual growth rate of 3.54% (CAGR 2024-2029).
When comparing this to the global market, United States generates the highest revenue with US$46,500m in 2024.
In terms of per capita revenue, in 2024, each person in Taiwan generates US$7.13.
Taiwan's bedroom furniture market is experiencing a surge in demand for minimalist and space-saving designs.

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 Taiwan has been experiencing significant growth in recent years. Customer preferences for high-quality and stylish furniture, along with local special circumstances and underlying macroeconomic factors, have contributed to this upward trend.

Customer preferences: in Taiwan have shifted towards bedroom furniture that is not only functional but also aesthetically pleasing. Consumers are increasingly looking for furniture that complements their personal style and enhances the overall ambiance of their bedrooms. This has led to a demand for modern and contemporary designs, as well as furniture made from high-quality materials such as solid wood and leather. Additionally, there is a growing interest in space-saving furniture solutions, as many Taiwanese consumers live in smaller apartments or houses. Trends in the market reflect these customer preferences. Furniture manufacturers and retailers in Taiwan have been introducing a wide range of stylish bedroom furniture options to cater to the demand for modern designs. This includes sleek bed frames, minimalist dressers, and multi-functional storage solutions. Moreover, there has been an emphasis on eco-friendly and sustainable furniture options, as Taiwanese consumers are becoming more environmentally conscious.

Local special circumstances: have also played a role in the development of the Bedroom Furniture market in Taiwan. The country has a strong manufacturing industry, with many furniture manufacturers producing high-quality products at competitive prices. This has allowed Taiwanese consumers to have access to a wide range of affordable bedroom furniture options. Additionally, the government has implemented policies to promote the local furniture industry, which has further supported its growth.

Underlying macroeconomic factors: have also contributed to the growth of the Bedroom Furniture market in Taiwan. The country has experienced steady economic growth in recent years, which has increased disposable incomes and consumer spending. As a result, Taiwanese consumers have been more willing to invest in higher-quality furniture for their bedrooms. Furthermore, the rise of e-commerce has made it easier for consumers to access a wider variety of bedroom furniture options, both from local and international retailers. In conclusion, the Bedroom Furniture market in Taiwan is developing in response to customer preferences for high-quality and stylish furniture, as well as local special circumstances and underlying macroeconomic factors. The market is expected to continue growing as consumers prioritize the aesthetics and functionality of their bedroom furniture, and as the government and manufacturers continue to support the industry.

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 segmented by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen and Dining room, Bathroom, Outdoor, and Home Office. The Furniture market also includes Lamps and Lighting and Home Decor because the furnishings and accessories within these segments 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.