Bedroom Furniture Market – Furniture that provides better relaxation, quality sleeps and enhance interior design of living space.
- Bedroom furniture consists of relaxing beds, integrated with coordinating bedside tables, drawers and wardrobes for a serene sanctuary that meets all the requirement of end users.
- Nowadays, furniture with traditional artifacts are becoming popular among the consumer as they add decorative ambience to the bedroom.
Rise in Standard of Living and Disposable Income to drive the Global Bedroom furniture market
- With 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, increased 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 standard of living and 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 the requirement of users. The bedroom furniture industry would benefit through the subsequent demand for hotel furniture.
- The market also possess a tremendous opportunities in bedroom furniture industry across the globe. The emerging players has opportunity to focus on design, building the brand name, distribution channel and customization of bedroom furniture product.
- However, rise in rental furniture market by online and offline channels across the globe are anticipated to be major challenges for the growth of bedroom furniture market in 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 includes 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 higher standard of living and higher purchasing power.
- However, Asia Pacific is anticipated to grow at a fastest CAGR growth rate during the forecast period due to 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.
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
- Legends Furniture
- Pulaski Furniture
- Tropitone Furniture
- Vaughan-Bassett Furniture Company
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Global Bedroom Furniture Market: Research Scope
Global Bedroom Furniture Market, by Product Type
- Beds & Headboards
- Closets, Nightstands & Dressers
- Chairs & Bedside Tables
- Others (Chest of Drawers, Wall Shelves, etc.)
Global Bedroom Furniture Market, by Material
- Solid & Engineering Wood
- Others (Leather, Plastic, etc.)
Global Bedroom Furniture Market, by Distribution Channel
- Vintage & Imperial
Global Bedroom Furniture Market, by Distribution Channel
- E-Commerce Websites
- Company Websites
- Departmental Stores
The report on the global Bedroom furniture market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on market segments and regions.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.