Bedroom Furniture - China

China

In 2024, the Bedroom Furniture market in China generated a revenue of €11.92bn.
It is projected to experience an annual growth rate of 3.88% (CAGR 2024-2029).
When compared to other countries, in the United States leads the global market with a revenue of €38,440m in 2024.
On a per capita basis, each person in China contributed €8.32 in revenue for the Bedroom Furniture market in 2024.
China's growing middle class and increasing urbanization have fueled a surge in demand for high-quality and innovative bedroom furniture.

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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Analyst Opinion

The Bedroom Furniture market in China has experienced significant growth in recent years, driven by changing customer preferences and favorable macroeconomic factors.

Customer preferences: Chinese customers have increasingly been seeking bedroom furniture that combines functionality with aesthetic appeal. They are looking for furniture that not only provides storage solutions but also adds to the overall design and ambiance of their bedrooms. As a result, there has been a growing demand for stylish and modern bedroom furniture that complements the interior decor. Additionally, with the rise of e-commerce platforms, customers are also looking for convenient and hassle-free shopping experiences, with the ability to browse and purchase furniture online.

Trends in the market: One of the key trends in the bedroom furniture market in China is the growing popularity of multifunctional furniture. As living spaces become smaller, customers are looking for furniture that serves multiple purposes, such as beds with built-in storage or desks that can be transformed into dressing tables. This trend is driven by the need to maximize space and create a clutter-free environment in bedrooms. Another trend in the market is the increasing demand for eco-friendly and sustainable bedroom furniture. Chinese customers are becoming more conscious of the environmental impact of their purchasing decisions and are opting for furniture made from sustainable materials such as bamboo or reclaimed wood. This trend is further supported by government initiatives promoting sustainable consumption and production.

Local special circumstances: China's rapidly urbanizing population has led to a rise in apartment living, with smaller living spaces becoming the norm. This has created a need for compact and space-saving bedroom furniture that can fit into smaller bedrooms. Additionally, China's aging population has also contributed to the demand for bedroom furniture that is designed to cater to the needs of older adults, such as adjustable beds or furniture with ergonomic features.

Underlying macroeconomic factors: China's growing middle class and rising disposable incomes have played a significant role in driving the growth of the bedroom furniture market. As more households have the financial means to invest in quality furniture, the demand for bedroom furniture has increased. Furthermore, the government's efforts to promote urbanization and improve living standards have also contributed to the growth of the market. In conclusion, the Bedroom Furniture market in China is experiencing growth due to changing customer preferences, including a focus on functionality and aesthetics, as well as the demand for eco-friendly and sustainable options. The market is also influenced by local special circumstances such as smaller living spaces and an aging population. Additionally, favorable macroeconomic factors such as the growing middle class and rising disposable incomes have contributed to the market's growth.

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.