Market Overview:
The global bedroom furniture market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The growth in the market can be attributed to factors such as increasing disposable income, rising urbanization, and growing demand for customized bedroom furniture. The global bedroom furniture market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into beds, clothes closets, nightstands dressers other). Beds are expected to account for a major share in terms of revenue in 2018 owing to their high demand from households across regions. Nightstands are also anticipated to witness significant growth during the forecast period owing to their growing popularity among millennials who prefer minimalist designs for their bedrooms. Dressers are also projected to exhibit steady growth during the forecast period due with increasing demand from households for storage solutions in bedrooms. On the basis of application, household accounted for majority share in 2017 and it is anticipated that this trend would continue over next few years as well with rising number of nuclear families across regions coupled with changing lifestyle preferences towards comfort and convenience .
Product Definition:
Bedroom furniture is any type of furniture that is used in a bedroom. This includes items such as beds, dressers, nightstands, and chairs. Bedroom furniture is important because it provides a place for people to sleep and store their belongings.
Beds:
Beds are used in a variety of bedroom furniture such as Platform Beds, Chest of drawers, Dresser and Wardrobe, Nightstands and Headboards. The growth factor for beds is quite simple; it's used to support the weight of people or things that are sleeping on them. In modern times this includes people as well as pets (yes I know it sounds harsh but its true).
Clothes Closets:
Clothes closets are also known as dressers, chest of drawers or cabinet. It is a closed storage unit which is used to store clothes, footwear and other personal items in bedroom furniture. The size of the average bedroom in western countries has been increasing over many years and this factor has been impacting on the shape of bedside cabinets over time.
Application Insights:
The household application segment accounted for the largest share of over 60.0% in 2017. The growth can be attributed to increasing demand for residential space, which is providing an impetus to the industry players to invest in new development and manufacturing facilities at home turf. For instance, IKEA has established a brand new production facility at Pune, India with a capacity of 100 million square feet that will provide employment opportunities to around 3,000 people by 2019.
The commercial application segment is expected register the fastest CAGR exceeding 8% from 2018 to 2030 owing to growing demand from hotels and restaurants across various regions including Asia Pacific and Middle East & Africa where furniture plays an important role in creating ambiance suitable for different occasions such as hospitality business or family gatherings or social events etcetera.
Regional Analysis:
North America dominated the global market in 2017. The growth is majorly driven by the U.S., which accounted for more than 75% of the regional revenue share in 2017. Increasing demand for bedroom furniture, such as nightstands and dressers, due to rising number of houses and apartments is expected to drive this regional market over the forecast period. Moreover, high purchasing power of consumers allows them to spend on furnishing activities more easily; thus driving product sales across various segments including bedroom sets and mattresses.
Asia Pacific is expected to witness significant growth over the forecast period owing to increasing disposable income especially among middle-class groups in developing countries including China and India thereby fueling consumer spending on household goods including bedroom furniture products with higher price tags associated with it such as expensive beds & bedroomsets & mattresses).
Growth Factors:
- Increasing disposable income of the population: The disposable income of the population is increasing, which is resulting in an increase in demand for luxury bedroom furniture.
- Urbanization and migration: There is a trend of urbanization and migration, which is leading to an increase in demand for bedroom furniture.
- Rising number of nuclear families: The number of nuclear families is rising, which is resulting in an increase in demand for bedroom furniture.
- Growing popularity of home-sharing platforms: The popularity of home-sharing platforms such as Airbnb is growing, which is resulting in an increase in demand for bedroom furniture that can be used to accommodate guests comfortably. 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Bedroom Furniture Market Research Report
By Type
Beds, Clothes Closets, Nightstands, Dressers, Other
By Application
Household, Commercial
By Companies
IKEA, Ashley Furniture Industries, Steinhoff, Suofeiya Home Collection, NITORI, Sleemon, La-Z-Boy, Quanyou Furniture, Vaughan-Bassett Furniture, Hooker Furniture, Sauder Woodworking, Nolte Group, Klaussner Home Furnishings, Markor International Home Furnishings, Airsprung Group, Hiep Long Fine Furniture, Godrej Interio, Wellemöbel, Royal Furniture Holding, Hukla, Sleepeezee, Qumei Home Furnishings Group, Durian, Hevea Furniture, D.P. Woodtech
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Bedroom Furniture Market Report Segments:
The global Bedroom Furniture market is segmented on the basis of:
Types
Beds, Clothes Closets, Nightstands, Dressers, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Household, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- IKEA
- Ashley Furniture Industries
- Steinhoff
- Suofeiya Home Collection
- NITORI
- Sleemon
- La-Z-Boy
- Quanyou Furniture
- Vaughan-Bassett Furniture
- Hooker Furniture
- Sauder Woodworking
- Nolte Group
- Klaussner Home Furnishings
- Markor International Home Furnishings
- Airsprung Group
- Hiep Long Fine Furniture
- Godrej Interio
- Wellemöbel
- Royal Furniture Holding
- Hukla
- Sleepeezee
- Qumei Home Furnishings Group
- Durian
- Hevea Furniture
- D.P. Woodtech
Highlights of The Bedroom Furniture Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Beds
- Clothes Closets
- Nightstands
- Dressers
- Other
- By Application:
- Household
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Bedroom Furniture Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Bedroom furniture is typically any furniture that is used in a bedroom. This can include beds, dressers, nightstands, and chairs.
Some of the major players in the bedroom furniture market are IKEA, Ashley Furniture Industries, Steinhoff, Suofeiya Home Collection, NITORI, Sleemon, La-Z-Boy, Quanyou Furniture, Vaughan-Bassett Furniture, Hooker Furniture, Sauder Woodworking, Nolte Group, Klaussner Home Furnishings, Markor International Home Furnishings, Airsprung Group, Hiep Long Fine Furniture, Godrej Interio, WellemƒÂ¶bel, Royal Furniture Holding, Hukla, Sleepeezee, Qumei Home Furnishings Group, Durian, Hevea Furniture, D.P. Woodtech.
The bedroom furniture market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Bedroom Furniture Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Bedroom Furniture Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Bedroom Furniture Market - Supply Chain
4.5. Global Bedroom Furniture Market Forecast
4.5.1. Bedroom Furniture Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Bedroom Furniture Market Size (000 Units) and Y-o-Y Growth
4.5.3. Bedroom Furniture Market Absolute $ Opportunity
5. Global Bedroom Furniture Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Bedroom Furniture Market Size and Volume Forecast by Type
5.3.1. Beds
5.3.2. Clothes Closets
5.3.3. Nightstands
5.3.4. Dressers
5.3.5. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Bedroom Furniture Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Bedroom Furniture Market Size and Volume Forecast by Application
6.3.1. Household
6.3.2. Commercial
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Bedroom Furniture Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Bedroom Furniture Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Bedroom Furniture Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Bedroom Furniture Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Bedroom Furniture Demand Share Forecast, 2019-2026
9. North America Bedroom Furniture Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Bedroom Furniture Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Bedroom Furniture Market Size and Volume Forecast by Application
9.4.1. Household
9.4.2. Commercial
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Bedroom Furniture Market Size and Volume Forecast by Type
9.7.1. Beds
9.7.2. Clothes Closets
9.7.3. Nightstands
9.7.4. Dressers
9.7.5. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Bedroom Furniture Demand Share Forecast, 2019-2026
10. Latin America Bedroom Furniture Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Bedroom Furniture Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Bedroom Furniture Market Size and Volume Forecast by Application
10.4.1. Household
10.4.2. Commercial
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Bedroom Furniture Market Size and Volume Forecast by Type
10.7.1. Beds
10.7.2. Clothes Closets
10.7.3. Nightstands
10.7.4. Dressers
10.7.5. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Bedroom Furniture Demand Share Forecast, 2019-2026
11. Europe Bedroom Furniture Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Bedroom Furniture Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Bedroom Furniture Market Size and Volume Forecast by Application
11.4.1. Household
11.4.2. Commercial
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Bedroom Furniture Market Size and Volume Forecast by Type
11.7.1. Beds
11.7.2. Clothes Closets
11.7.3. Nightstands
11.7.4. Dressers
11.7.5. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Bedroom Furniture Demand Share, 2019-2026
12. Asia Pacific Bedroom Furniture Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Bedroom Furniture Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Bedroom Furniture Market Size and Volume Forecast by Application
12.4.1. Household
12.4.2. Commercial
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Bedroom Furniture Market Size and Volume Forecast by Type
12.7.1. Beds
12.7.2. Clothes Closets
12.7.3. Nightstands
12.7.4. Dressers
12.7.5. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Bedroom Furniture Demand Share, 2019-2026
13. Middle East & Africa Bedroom Furniture Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Bedroom Furniture Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Bedroom Furniture Market Size and Volume Forecast by Application
13.4.1. Household
13.4.2. Commercial
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Bedroom Furniture Market Size and Volume Forecast by Type
13.7.1. Beds
13.7.2. Clothes Closets
13.7.3. Nightstands
13.7.4. Dressers
13.7.5. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Bedroom Furniture Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Bedroom Furniture Market: Market Share Analysis
14.2. Bedroom Furniture Distributors and Customers
14.3. Bedroom Furniture Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. IKEA
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Ashley Furniture Industries
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Steinhoff
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Suofeiya Home Collection
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. NITORI
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Sleemon
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. La-Z-Boy
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Quanyou Furniture
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Vaughan-Bassett Furniture
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Hooker Furniture
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Sauder Woodworking
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Nolte Group
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Klaussner Home Furnishings
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Markor International Home Furnishings
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Airsprung Group
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Hiep Long Fine Furniture
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Godrej Interio
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Wellemöbel
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Royal Furniture Holding
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Hukla
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
