Bedroom Furniture - Cambodia

Cambodia

In Cambodia, the revenue generated in the Bedroom Furniture market in 2024 amounts to €18.97m.
It is projected that the market will experience an annual growth rate of 4.84% from 2024 to 2029 (CAGR 2024-2029).
When compared globally, in the United States generates the highest revenue in this segment, reaching €38,040m in 2024.
In terms of per capita revenue, each person in Cambodia generates €1.11 in 2024.
This figure is calculated by dividing the total revenue by the population.
Cambodia's bedroom furniture market is experiencing a surge in demand due to the country's growing middle class and increasing urbanization.

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 Cambodia is experiencing significant growth due to changing customer preferences and favorable macroeconomic factors.

Customer preferences: Cambodian customers are increasingly valuing comfort and style in their bedroom furniture choices. They are looking for products that offer both functionality and aesthetic appeal. This has led to a rise in demand for modern and contemporary bedroom furniture designs that incorporate sleek lines, minimalist features, and high-quality materials. Customers are also showing a preference for furniture pieces that are space-saving and multi-functional, as many Cambodian homes have limited space.

Trends in the market: One of the key trends in the Bedroom Furniture market in Cambodia is the growing popularity of online shopping. With the increasing availability of internet access and the convenience it offers, more and more Cambodian customers are turning to online platforms to purchase their bedroom furniture. This trend has been further accelerated by the COVID-19 pandemic, which has led to a surge in e-commerce activities across the country. As a result, both local and international furniture retailers are expanding their online presence in Cambodia to cater to the growing demand. Another trend in the market is the rising demand for eco-friendly and sustainable bedroom furniture. Cambodian customers are becoming more environmentally conscious and are actively seeking furniture made from sustainable materials such as bamboo, rattan, and reclaimed wood. This trend is driven by a desire to reduce the environmental impact of furniture production and to support local artisans who specialize in crafting eco-friendly furniture pieces.

Local special circumstances: Cambodia's rapidly growing middle class is a significant factor contributing to the development of the Bedroom Furniture market. As the country's economy continues to expand, more Cambodians have disposable income to spend on improving their living spaces. This has resulted in increased demand for bedroom furniture that reflects their changing lifestyles and aspirations.

Underlying macroeconomic factors: Cambodia's strong economic growth and increasing urbanization are key macroeconomic factors driving the development of the Bedroom Furniture market. The country has experienced steady economic growth over the past decade, leading to an overall improvement in living standards. As more Cambodians move to urban areas and settle in smaller apartments and houses, the demand for compact and functional bedroom furniture has risen. Additionally, the government's efforts to attract foreign direct investment and promote the manufacturing sector have also contributed to the growth of the Bedroom Furniture market. Cambodia has become an attractive destination for furniture manufacturers due to its low labor costs and favorable business environment. This has led to the establishment of more furniture factories in the country, resulting in a wider range of bedroom furniture options for consumers. In conclusion, the Bedroom Furniture market in Cambodia is experiencing growth driven by changing customer preferences, including a preference for modern designs and eco-friendly materials. The rise of online shopping and the country's strong economic growth are also contributing to the development of the market. With favorable macroeconomic factors and an increasing middle class, the future of the Bedroom Furniture market in Cambodia looks promising.

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.