Bedroom Furniture Market Size
| Study Period | 2020 - 2029 |
| Market Size (2024) | USD 126.19 Billion |
| Market Size (2029) | USD 155.38 Billion |
| CAGR (2024 - 2029) | 4.25 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Bedroom Furniture Market Analysis
The Bedroom Furniture Market size is estimated at USD 126.19 billion in 2024, and is expected to reach USD 155.38 billion by 2029, growing at a CAGR of 4.25% during the forecast period (2024-2029).
The market's future growth prospects are anticipated to be supported by the growing demand for multipurpose furniture. Market expansion is also being fuelled by the improving standard of living, which encourages the launch of more high-end goods. Real estate prices have dropped dramatically globally due to the growing world population, particularly in cities and urban areas. House sizes have significantly decreased because of this.
Customers are searching for portable and small furniture to maximize the space in their shrinking spaces. Vendor companies have produced multipurpose furniture with storage spaces to meet such needs. Additional storage compartments feature most modern furniture, such as tables and mattresses. Customers are changing their buying patterns by evolving home and living concepts and trends. Homestyle, lifestyle, and fashion magazines and blogs are influencing customers.
Bedroom Furniture Market Trends
Beds Segment Driving the Market
The Bedroom Furniture Market segment comprises full, queen, and king-size beds, single and guest beds, beds with storage units, and bunk beds. The demand for beds is driven by population growth, urbanization, and rising disposable incomeChangesges in consumer preferences and lifestyle habits also contributed to the growing demand for beds.
The aging population is another factor contributing to the growth in demand `for beds, as older adults often require more comfortable and supportive beds due to mobility issues or health conditions. Changes in lifestyle, such as a trend towards larger homes and more spacious bedrooms, have also contributed to the growth in demand for beds. Additionally, companies may need to build strong brand awareness and offer exceptional customer service to differentiate themselves in a highly competitive market.
Asia-Pacific is Expected to Witness the Highest Growth
Shortly, there will be an increasing demand for bedroom furniture in Asia-Pacific regions, expected to drive the market for more high-quality bedroom furniture. The main factors driving the growth in Asia-Pacific are increased consumption spending, more intense competition, launches of new products, retrofitting and renovating outdated technology, and rising bedroom furniture adoption.
Bedroom Furniture Industry Overview
The market studied is fragmented and competitive in nature. The report covers major international players operating in the bedroom furniture market. Some players operating in the bedroom furniture market are IKEA, Bed Bath & Beyond Inc., Williams-Sonoma Inc, Ashley Furniture Industries, Inc., and Wayfair Inc. Due to technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and tapping new markets.
Bedroom Furniture Market Leaders
-
IKEA
-
Bed Bath & Beyond Inc.
-
Williams-Sonoma Inc.
-
Ashley Furniture Industries, Inc.
-
Wayfair Inc.
*Disclaimer: Major Players sorted in no particular order
Bedroom Furniture Market News
- March 2023: Ikea expanded in Ireland with a distribution hub twice the size of Croke Park at a site in south Dublin. The Swedish furniture giant expects the distribution center to make more than 300,000 deliveries in the first year of operation, almost doubling to nearly 600,000 within five years.
- March 2022: Target invested up to USD 5 billion to continue scaling its operations in 2022. Target invested in its physical stores, digital experiences, fulfillment capabilities, and supply chain capacity, further differentiating its retail offering and driving continued growth.
Bedroom Furniture Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Industry Value Chain Analysis
4.5 Industry Attractiveness - Porter's Five Forces Analysis
4.5.1 Bargaining Power of Buyers
4.5.2 Bargaining Power of Suppliers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitutes
4.5.5 Intensity of Competitive Rivalry
4.6 Insights into Technological Advancements in the Industry
4.7 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Product
5.1.1 Beds
5.1.2 Mattresses
5.1.3 Closets, Nightstands & Dressers
5.2 By Distribution Channel
5.2.1 Supermarkets & Hypermarkets
5.2.2 Specialty Stores
5.2.3 Online
5.3 By Geography
5.3.1 North America
5.3.2 South America
5.3.3 Europe
5.3.4 Asia-Pacific
5.3.5 Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Ikea
6.2.2 Bed Bath & Beyond Inc.
6.2.3 Williams-Sonoma, Inc.
6.2.4 Target Corporation
6.2.5 Wayfair Inc.
6.2.6 Home Depot, Inc.
6.2.7 Ashley Furniture Industries, Inc.
6.2.8 Heritage Home Group
6.2.9 La-Z-Boy
6.2.10 Rooms To Go
6.2.11 Mattress Firm
6.2.12 Herman Miller
6.2.13 Godrej Interio
6.2.14 INTERIO International Limited
6.2.15 Stanley Furniture*
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
Bedroom Furniture Industry Segmentation
A complete background analysis of the Bedroom Furniture Market, which includes an assessment of the parental market, emerging trends by segments and regional markets, significant changes in market dynamics, and a market overview, is covered in the report.
The Bedroom Furniture Market is segmented by product, distribution channel, and geography. By product, the market is sub-segmented into Beds, Mattresses, Closets, Nightstands & Dressers. By distribution channel, the market is sub-segmented into Supermarkets & Hypermarkets, Specialty Stores, Online, and Others. By Geography, the market is sub-segmented into North America, Asia-Pacific, South America, Europe, the Middle East, and Africa.
The report offers market size and forecasts for the Bedroom Furniture Market in value (USD) for all the above segments.
| By Product | |
| Beds | |
| Mattresses | |
| Closets, Nightstands & Dressers |
| By Distribution Channel | |
| Supermarkets & Hypermarkets | |
| Specialty Stores | |
| Online |
| By Geography | |
| North America | |
| South America | |
| Europe | |
| Asia-Pacific | |
| Middle East & Africa |
Bedroom Furniture Market Research FAQs
How big is the Bedroom Furniture Market?
The Bedroom Furniture Market size is expected to reach USD 126.19 billion in 2024 and grow at a CAGR of 4.25% to reach USD 155.38 billion by 2029.
What is the current Bedroom Furniture Market size?
In 2024, the Bedroom Furniture Market size is expected to reach USD 126.19 billion.
Who are the key players in Bedroom Furniture Market?
IKEA, Bed Bath & Beyond Inc., Williams-Sonoma Inc., Ashley Furniture Industries, Inc. and Wayfair Inc. are the major companies operating in the Bedroom Furniture Market.
Which is the fastest growing region in Bedroom Furniture Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Bedroom Furniture Market?
In 2024, the North America accounts for the largest market share in Bedroom Furniture Market.
What years does this Bedroom Furniture Market cover, and what was the market size in 2023?
In 2023, the Bedroom Furniture Market size was estimated at USD 120.83 billion. The report covers the Bedroom Furniture Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Bedroom Furniture Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Bedroom Furniture Industry Report
Statistics for the 2024 Bedroom Furniture market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Bedroom Furniture analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Bedroom Furniture Market Report Snapshots
