Market Trends of Closets, Nightstands, and Dressers Industry
Rising Online Sales of Closets, Nightstand and Dresser
Over the period an increasing share of the population prefers online shopping platforms for buying groceries or bedroom furniture, as everything is available on online shopping platforms. An increasing number of players are grabbing these opportunities and offering various branded and modern bedroom furniture via online distribution channels. Post-Covid an increasing number of manufacturers are launching their own applications and websites through which customers make orders directly from their websites. With an increasing market revenue of closets, nightstands, and drawers existing at more than USD 36 Billion last year their online revenue share increased to a value of more than 25% last year signifying a rising and diversifying market by sales through online channels
Asia Pacific Leading the Market
With its emerging economies and rising household expenditure, income level is leading to the Asia Pacific emerging as a major market for the sales of closets, nightstands, and dressers. Revenue of the closets, nightstands, and drawers market in Asia Pacific had observed a continuous increase over the years existing at a value of more than USD 9 billion and an increasing revenue share through the online channels. China and India are among the countries in the region that are expected to drive the market over the coming period with China existing as the second largest market for the sales of closets, nightstands, and dressers existing at a value of more than USD 5 Billion last year. In addition, rising sales of the bedroom furniture market in the region are emerging as a push factor for the growth of the market with increasing revenue.
