Bedroom Furniture - Austria

Austria

In Austria, the revenue generated in the Bedroom Furniture market reaches a substantial amount of €940.10m in 2024.
It is projected that the market will experience an annual growth rate of 2.83% (CAGR 2024-2029).
When comparing the revenue on a global scale, in the United States leads the way with an impressive figure of €38,040m in 2024.
In terms of per capita revenue, in Austria generates approximately €104.70 per person in 2024.
This indicates the level of economic activity in the Bedroom Furniture market in relation to the country's total population.
Austria's demand for high-quality, traditional bedroom furniture continues to thrive, reflecting the country's appreciation for craftsmanship and heritage.

Key regions: Denmark, Germany, China, United States, Worldwide

Definition:

The Bedroom Furniture segment refers to those movable objects that are designed to be used in a bedroom, which is typically a space used for sleeping, dressing, and storage. It includes items such as beds, dressers, nightstands, and wardrobes, which are intended to make the room comfortable, functional, and aesthetically pleasing.

Structure:

The Bedroom Furniture segment is divided into four subsegments:

The Beds subsegment refers to furniture designed primarily for sleeping, which typically consist of a frame and mattress. This subsegment focuses on the frame and covers additional elements such as headboards, footboards, or storage drawers.
The Mattress subsegment refers to the long rectangular pad that is placed on top of a bed frame and is used to provide a comfortable sleeping surface. Mattresses come in a wide variety of sizes, from twin to king, and levels of firmness to suit individual preferences.
The Closets, Nightstands, & Dressers subsegment includes a range of storage furniture designed for bedrooms. These pieces are used to store and organize clothing, linens, and personal items, providing both functional and aesthetic value to the space.
The Bedding subsegment refers to products designed to enhance the comfort and functionality of a bed, including sheets, blankets, comforters, pillows, and mattress toppers. These products are available in a range of materials, styles, and sizes to suit individual preferences and needs.

Additional Information:

The Bedroom Furniture segment consists of revenue and average revenue per capita data. Per capita figures consider the whole population. This segment includes only business to consumer (B2C) sales. Business to business (B2B) sales (e. g., furniture for coffee shops, offices, etc.) are excluded in the figures shown. For more information on the displayed data, click the info button on the right-hand side of each box. In terms of key players in the furniture market, IKEA is the leading furniture company; however, with the rise of eCommerce, players such as Wayfair are gaining ground.

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Región

Comparación de regiones

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Analyst Opinion

The Bedroom Furniture market in Austria has been experiencing steady growth in recent years. Customer preferences have shifted towards more modern and minimalist designs, with a focus on functionality and space-saving solutions. This trend is in line with the global market, as consumers worldwide are increasingly seeking furniture that is both aesthetically pleasing and practical. In terms of

Customer preferences: Austrian consumers are gravitating towards bedroom furniture that is compact and multifunctional. With the rising cost of living and limited living spaces in urban areas, there is a growing demand for furniture that can maximize space utilization. This includes items such as storage beds, bedside tables with built-in charging ports, and wardrobes with sliding doors. Additionally, there is a preference for furniture made from sustainable materials, reflecting the increasing awareness and concern for the environment. The market is also witnessing a shift towards online shopping. Austrian consumers are becoming more comfortable with making purchases online, and this trend is expected to continue. Online retailers offer a wider variety of options and competitive prices, making it an attractive option for consumers. This shift towards online shopping is not unique to Austria, as it is a global trend in the furniture market. Local special circumstances in Austria also contribute to the development of the Bedroom Furniture market. The country has a high standard of living and a strong economy, which allows consumers to invest in quality furniture. Additionally, the tourism industry plays a role in the market, as Austria is a popular tourist destination. Tourists often purchase souvenirs, including furniture, to bring back home, contributing to the overall demand. Underlying macroeconomic factors also play a role in the development of the Bedroom Furniture market in Austria. The stable economy and low unemployment rate provide consumers with the confidence to spend on furniture. Additionally, the government's focus on sustainable development and environmental protection encourages consumers to choose eco-friendly furniture options. Overall, the Bedroom Furniture market in Austria is developing in line with global trends. Customer preferences for modern and functional designs, online shopping, and sustainable materials are driving the market.

Local special circumstances: such as limited living spaces and a strong economy, further contribute to the growth. With the ongoing focus on sustainability and the increasing popularity of online shopping, the market is expected to continue its positive trajectory in the coming years.

Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are based on home furnishings and furniture found in every room of the home. This market is categorized by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen & Dining room, Outdoor, Home Office, and Baby & Children's Furniture. The Furniture market also includes Lamps and Lighting and Home Décor because the furnishings and accessories within these categories are not specific to any room.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as consumer spending and GDP. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing is well suited for forecasting the Furniture market with a projected steady growth. The main drivers are furniture and furnishings, carpets and other floor coverings, and consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.