Bedroom Furniture Market by Product (Beds, Wardrobe & Storage, Dressers & Mirrors, and Others), Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026603 | Pages: 100 | Industry: Consumer Goods | Date: Oct 2022 | Type: Global

The market crossed US$ 252.1 billion mark in 2022 and is expected to hit US$ 364.1 billion by 2030, recording a CAGR of 4.7% during the forecast period.

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Consumers shift towards high-end furniture

Redirecting consumer inclination towards high-end furniture products owing to technological advancements in the home decor industry is a key factor driving the market for bedroom furniture. Moreover, the prevalence of the mini-housing boom across the globe is paving the way for the more great demand for bedroom furniture. Increasing per capita income of consumers, particularly in the developing nations, easy access to digital tools, and adoption of newer lifestyle trends have revamped traditional households into modern luxury residential homes. The beds’ segment is expected to rise in demand due to the rising demand for comfort. Further, other segment such as wardrobe & storage, and dressers & mirrors is also expected to gain traction during the forecasted year.

Within the report, the market is segmented into product, distribution channel, and geography. By product, the market is further segmented into beds, wardrobe & storage, dressers & mirrors, and others. Based on distribution channel, the market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. Geographically, the market is sub segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

Increasing disposable income & standard of living

The rise in disposable income will lead to increased spending on household goods, which will drive the bedroom furniture market. The shift in the consumer preference towards high-end furniture products, along with an increase in the demand for multifunctional bedroom future, will lead to an increase in demand for bedroom furniture. The increased awareness of trending bedroom styles has influenced significant renovation projects, positively impacting the bedroom furniture market.

Growing trends of home decor

Augmented awareness of trending bedroom manners has impacted major renovation projects causing the adoption of bedrooms with functional furniture. In addition, the rising adoption of four-poster beds as a need to accommodate more oversized mattresses is gaining traction in the market. These modern four-poster beds also feature a clean and modern style, which stands out without overwhelming the space.

Recent strategic developments in bedroom furniture market

The bedroom furniture market has undergone several significant developments, and a few of these have been mentioned below:

  • In In August 2019, Malouf launched a new bedroom furniture line.

The bedroom furniture market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Bed Bath & Beyond Inc., Herman Miller, Inc, Hillsdale Furniture, Vaughan Bassett, and Williams-Sonoma Inc. are among the prominent players operating in the market.

Target audience for the report:

  • Raw material providers
  • Bedroom furniture-related service providers
  • Bedroom furniture-related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • Display panel and devices distributors and sales firms
  • End users of bedroom furniture
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Product:
    • Beds
    • Wardrobe & Storage
    • Dressers & Mirrors
    • Others
  • Distribution Channel:
    • Supermarkets and Hypermarkets
    • Specialty Stores
    • Online Retail
    • Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
    • Bed Bath & Beyond Inc.
    • Herman Miller, Inc
    • Hillsdale Furniture
    • Vaughan Bassett
    • Williams-Sonoma Inc.

The List of Companies
- Bed Bath & Beyond Inc.
- Herman Miller, Inc
- Hillsdale Furniture
- Vaughan Bassett
- Williams-Sonoma Inc.

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