Bedroom Furniture - Worldwide | Statista Market Forecast

The revenue generated in the Bedroom Furniture market worldwide amounts to US$121.70bn in 2024.
It is projected that the market will experience an annual growth rate of 3.45% from 2024 to 2029 (CAGR 2024-2029).
When compared globally, 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 generated in 2024 is US$15.70.
The demand for high-quality, sustainable bedroom furniture is on the rise in countries like Germany and Sweden, known for their focus on eco-friendly products.

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 Worldwide is experiencing steady growth due to changing customer preferences, emerging trends, and underlying macroeconomic factors.

Customer preferences: for Bedroom Furniture have shifted towards more modern and minimalist designs. Customers are increasingly seeking furniture that is functional, space-saving, and aesthetically pleasing. They prefer furniture pieces that can serve multiple purposes, such as storage beds or modular wardrobes. Additionally, eco-friendly and sustainable materials are gaining popularity among customers who prioritize environmental responsibility. These preferences are driving manufacturers to innovate and offer a wide range of stylish and sustainable Bedroom Furniture options. Trends in the market are also influencing the development of the Bedroom Furniture market Worldwide. One notable trend is the rise of online retail. Customers are increasingly turning to online platforms to purchase Bedroom Furniture due to the convenience, variety, and competitive pricing offered by e-commerce retailers. This trend has led to the growth of online furniture brands and the expansion of traditional brick-and-mortar retailers into the online space. Furthermore, the integration of technology in Bedroom Furniture is gaining traction. Smart furniture, such as beds with built-in charging ports or adjustable lighting, is becoming more popular among tech-savvy customers. Local special circumstances in different countries and regions also play a role in shaping the Bedroom Furniture market. For example, in countries with smaller living spaces, such as Japan or Hong Kong, there is a higher demand for compact and multifunctional furniture. On the other hand, in countries with larger homes, such as the United States or Australia, customers may prioritize larger and more luxurious bedroom furniture sets. Cultural factors also influence customer preferences, with different regions having unique design aesthetics and preferences for materials and colors.

Underlying macroeconomic factors: such as population growth, urbanization, and disposable income levels, are driving the development of the Bedroom Furniture market Worldwide. As the global population continues to grow and more people move to urban areas, the demand for residential spaces and furniture increases. Additionally, rising disposable incomes in emerging economies are enabling more customers to afford higher quality and more expensive Bedroom Furniture. These factors create a favorable environment for the growth of the Bedroom Furniture market. Overall, the Bedroom Furniture market Worldwide is experiencing growth due to changing customer preferences, emerging trends,

Local special circumstances: and underlying macroeconomic factors. Manufacturers and retailers in the industry need to adapt to these developments and continue to innovate in order to meet the evolving needs and preferences of customers.

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.

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.