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testing The bedroom furniture market size is forecast to increase by USD 37.06 billion between 2022 and 2027, accelerating at a CAGR of 5.22%. In 2017, the US held the largest market share, projecting an annual revenue of USD 21.50 billion. The research report on the Bedroom Furniture Market offers industry forecasts and segmentation based on Product including BBL and H, Wardrobes, Mattresses and supporters, Chests and chest of drawers, and Others. It also segments the market by Distribution Channel which comprises Offline and Online. Geographically, the report covers APAC, North America, Europe, South America, and the Middle East and Africa. The market size, historical data (2017-2021), and future forecasts are presented in terms of value (in USD billion) for all these mentioned segments.
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Growing demand for multifunctional bedroom furniture is the key market trend driving the market growth. Shrinking residential spaces and high residential rents have boosted the demand for multifunctional bedroom furniture worldwide. The prime reason for shrinking residential spaces is the rise in the prices of real estate. In studio apartments, usually accommodated by bachelors, the bed is designed to have a sleeping area, along with an attached working table like a laptop stand and a sitting side bed.
Rapidly evolving consumer demands have influenced manufacturers to introduce multifunctional and customized products. These products are standardized and sold through online and offline channels. The demand for such furniture is expected to rise significantly during the forecast period owing to the increasing number of residential dwellings across the globe.
The BBL and H Segment was the largest segment and was valued at USD 41.83 billion in 2017 and continued to grow until 2021. Headboards to match different bed sizes, such as twin, twin x-long, full, queen, king, and California king, are available in the market. They can be of different types, such as wooden, metal, and upholstered headboards, and of different styles, such as a bookcase, attached, and wall-mounted headboards. Apart from beds and headboards, bunks and lofts available in various designs, styles, and colors further drive the demand of the segment.
APAC is estimated to contribute 42% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The APAC market is expected to continue dominating the global market during the forecast period. Economic advances and population explosion (in developing countries such as China and India) will facilitate the growth of the market. Some of the key contributing countries in the region are China, India, Japan, Malaysia, Indonesia, and Australia. The increase in demand for bedroom furniture witnessed by the major countries in the region, such as India, Australia, Hong Kong, Thailand, and China, rising disposable income, and growing middle-class population in countries like China and India would further raise the demand for furniture, especially in the luxury segment, and the rising rate of urbanization, mainly in the developing countries of the region, and growing residential construction activities are the major factors driving the market.
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The Bedroom Furniture Market is fragmented in nature. Some significant players include Ashley home stores Ltd., Abbyson Living LLC, Central Furniture Manufacturing Ltd., Century Furniture LLC, Dunns Furniture,
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
FurnitureRoots, Giessegi Industria Mobili Spa, Global Furniture USA Inc., Godrej Interio, Hillsdale Furniture LLC, Hooker Furnishings Corp., hulsta werke Huls GmbH and Co. KG, Inter IKEA Systems B.V., Kohinoor Furniture, LaZBoy Inc., Legends Furniture Inc., MillerKnoll Inc., Restoration Hardware Inc., Roomstogo.com Inc., and Vaughan Bassett
The bedroom furniture market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 - 2027.
Bedroom Furniture Market Scope |
|
Report Coverage |
Details |
Page number |
169 |
Base year |
2022 |
Historic period |
2017 - 2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.22% |
Market growth 2023-2027 |
USD 37.06 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
4.18 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 42% |
Key countries |
US, China, Japan, Germany, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Ashley home stores Ltd., Abbyson Living LLC, Central Furniture Manufacturing Ltd., Century Furniture LLC, Dunns Furniture, FurnitureRoots, Giessegi Industria Mobili Spa, Global Furniture USA Inc., Godrej Interio, Hillsdale Furniture LLC, Hooker Furnishings Corp., hulsta werke Huls GmbH and Co. KG, Inter IKEA Systems B.V., Kohinoor Furniture, LaZBoy Inc., Legends Furniture Inc., MillerKnoll Inc., Restoration Hardware Inc., Roomstogo.com Inc., and Vaughan Bassett |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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