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 United Arab Emirates is experiencing significant growth due to several factors.
Customer preferences: Customers in United Arab Emirates have a strong preference for high-quality and luxurious bedroom furniture. They value comfort and durability, and are willing to invest in premium products that enhance the overall aesthetic appeal of their bedrooms. Additionally, there is a growing demand for bedroom furniture that incorporates modern designs and innovative features, such as built-in storage solutions and smart technology integration.
Trends in the market: One of the key trends in the Bedroom Furniture market in United Arab Emirates is the increasing popularity of customized and personalized furniture. Customers are seeking unique and bespoke pieces that reflect their individual style and taste. This trend is driving the growth of local artisans and craftsmen who specialize in creating custom-made bedroom furniture. Another trend in the market is the rising demand for eco-friendly and sustainable bedroom furniture. Customers in United Arab Emirates are becoming more conscious of the environmental impact of their purchasing decisions and are actively seeking furniture made from sustainable materials and manufactured using eco-friendly production processes.
Local special circumstances: United Arab Emirates is known for its affluent population and high standard of living. The country has a large expatriate community, which contributes to the demand for bedroom furniture as individuals and families settle down in their new homes. Additionally, the tourism industry in United Arab Emirates is thriving, attracting a significant number of visitors who may also be potential customers for bedroom furniture.
Underlying macroeconomic factors: The strong economic growth in United Arab Emirates has had a positive impact on the Bedroom Furniture market. The country has a high per capita income and a growing middle class, which has led to increased disposable income and purchasing power. This, coupled with a favorable business environment and government initiatives to promote tourism and foreign investment, has created a conducive market for the growth of the bedroom furniture industry. In conclusion, the Bedroom Furniture market in United Arab Emirates is experiencing growth due to customer preferences for high-quality and luxurious furniture, the trend towards customized and eco-friendly products, the local special circumstances of an affluent population and a thriving tourism industry, and the underlying macroeconomic factors of strong economic growth and increased purchasing power.
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