Bedroom Furniture Market – Furniture that provides better relaxation, and quality sleep, and enhances the interior design of the living space.
- Bedroom furniture consists of relaxing beds, integrated with coordinating bedside tables, drawers, and wardrobes for a serene sanctuary that meets all the requirements of end users.
- Nowadays, furniture with traditional artifacts is becoming popular among consumers as they add a decorative ambiance to the bedroom.
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Rise in Standard of Living and Disposable Income to drive the Global Bedroom furniture market
- With the rising household sector along with growing disposable income, several middle and high-income consumers are purchasing household goods and this is expected to boost the bedroom furniture market during the forecast period.
- Rapid growth in demand for multifunctional bedroom furniture is driving the market across the globe. In addition to this, increase in the number of single-person households across the globe. This is partly due to the decrease in the number and postponing of marriages, rise in divorce rates, and longevity. Single-person residences are smaller than nuclear or joint-family homes, and may not have separate rooms for dining and other purposes. Therefore, they have different furniture needs, requiring space-efficient and multifunctional furniture.
- Moreover, improvement in the standard of living and the rising tourism sector in developing countries across the globe is expected to drive the bedroom furniture market during the forecast period. This would create significant demand for bedroom furniture in hotel rooms to cater to the requirement of users. The bedroom furniture industry would benefit from the subsequent demand for hotel furniture.
- The market also possesses a tremendous opportunity in the bedroom furniture industry across the globe. The emerging players have the opportunity to focus on design, building the brand name, distribution channel, and customization of bedroom furniture products.
- However, the rise in the rental furniture market by online and offline channels across the globe is anticipated to be a major challenge for the growth of the bedroom furniture market in the coming years.
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Europe to Hold a Leading Share of Global Bedroom Furniture Market
- Geographically, the global bedroom furniture market can be divided into five regions: North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA).
- North America country-level analysis features the U.S., Canada, and Rest of North America. Analysis and forecast of the bedroom furniture market in Europe include markets across the U.K., Germany, France, and Rest of Europe. Similarly, Asia Pacific includes India, China, Japan, and Rest of Asia Pacific. Middle East & Africa includes the bedroom furniture market analysis and forecast of GCC countries, South Africa, and Rest of Middle East & Africa. The South America bedroom furniture market is segmented into Brazil, and Rest of South America.
- Europe dominates the market share due to growth in a higher standard of living and higher purchasing power.
- However, Asia Pacific is anticipated to grow at the fastest CAGR growth rate during the forecast period due to an increase in disposable income.
Key Players Operating in the Bedroom Furniture Market:
The Bedroom furniture market is moderately fragmented with several global and regional players. Major players are adopting various strategies, such as offering natural, recycled furniture and product portfolio expansion to enhance their position in the market.
Regional players are emphasizing for online distribution channels to meet the requirement of end users and enhance their sales.
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A few of the key players operating in the global bedroom furniture market are:
- Ashley Furniture Industries
- Century Furniture
- Hillsdale Furniture
- Hooker Furniture
- Kincaid Furniture
- La-Z-Boy
- Legends Furniture
- Pulaski Furniture
- Tropitone Furniture
- Vaughan-Bassett Furniture Company
Global Bedroom Furniture Market: Research Scope
Global Bedroom Furniture Market, by Product Type
- Beds & Headboards
- Wardrobes
- Mattresses
- Closets, Nightstands & Dressers
- Chairs & Bedside Tables
- Others (Chest of Drawers, Wall Shelves, etc.)
Global Bedroom Furniture Market, by Material
- Metal
- Glass
- Solid & Engineering Wood
- Others (Leather, Plastic, etc.)
Global Bedroom Furniture Market, by Distribution Channel
- Contemporary
- Modern
- Vintage & Imperial
Global Bedroom Furniture Market, by Distribution Channel
- Online
- E-Commerce Websites
- Company Websites
- Offline
- Retailers
- Departmental Stores
- Hypermarkets/Supermarkets
- Others
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