Bedroom Furniture - Gambia

Gambia

In Gambia, the revenue generated in the Bedroom Furniture market in 2024 amounts to €3.13m.
It is projected that this market will experience an annual growth rate of 5.08% (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 person revenues, in Gambia generates €1.10 in 2024.
Gambian consumers are increasingly opting for locally-made bedroom furniture, reflecting a growing appreciation for domestic craftsmanship and support for the local economy.

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.

Mercado

Región

Comparación de regiones

Moneda

Analyst Opinion

The Bedroom Furniture market in Gambia has been experiencing steady growth in recent years, driven by changing customer preferences, emerging trends in the market, and local special circumstances.

Customer preferences: in the Bedroom Furniture market in Gambia have been shifting towards more modern and contemporary designs. Customers are increasingly looking for furniture that is not only functional but also aesthetically pleasing and in line with current design trends. This has led to a rise in demand for sleek and minimalist bedroom furniture pieces that offer both style and functionality. Additionally, customers are also placing importance on the quality and durability of bedroom furniture, opting for products that are built to last. Trends in the Bedroom Furniture market in Gambia are also influencing its development. One notable trend is the increasing popularity of eco-friendly and sustainable bedroom furniture. As customers become more environmentally conscious, they are seeking furniture made from sustainable materials and produced using eco-friendly manufacturing processes. This trend is driven by a growing awareness of the impact of furniture production on the environment and a desire to make more sustainable choices. Another trend in the market is the rise of online shopping for bedroom furniture. With the increasing availability of internet access and the convenience of online shopping, more customers are opting to purchase their bedroom furniture online. This trend has been further accelerated by the covid-19 pandemic, which has led to an increase in online shopping across various industries. Online retailers are capitalizing on this trend by offering a wide range of bedroom furniture options, competitive prices, and convenient delivery services.

Local special circumstances: in Gambia also play a role in the development of the Bedroom Furniture market. Gambia has a growing middle class population with increasing disposable income, which has contributed to the rising demand for bedroom furniture. Additionally, urbanization and the construction of new residential buildings have created a need for furniture, including bedroom furniture, in the country. These factors have created a favorable market environment for the growth of the Bedroom Furniture market in Gambia. Underlying macroeconomic factors, such as gdp growth, inflation rates, and employment levels, also influence the development of the Bedroom Furniture market in Gambia. A stable and growing economy provides consumers with the confidence and financial means to invest in new furniture, including bedroom furniture. Additionally, low inflation rates and low unemployment levels contribute to a positive consumer sentiment and increased spending power, which further drives the demand for bedroom furniture. In conclusion, the Bedroom Furniture market in Gambia is developing due to changing customer preferences, emerging trends, local special circumstances, and

Underlying macroeconomic factors:. As customers seek modern and sustainable furniture options, online shopping becomes more popular, and gambia's growing middle class and urbanization drive demand, the market is expected to continue its growth 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.