Bedroom Furniture - India

India

In 2024, the revenue in the Bedroom Furniture market in India amounts to INR €595.10m.
It is projected that the market will experience an annual growth rate of 3.38% (CAGR 2024-2029).
When compared to other countries worldwide, in the United States generates the highest revenue in this segment, with INR €38,440m in 2024.
In terms of per capita revenues, each individual in India generates INR €0.41 in 2024.
India's bedroom furniture market is experiencing a surge in demand due to the growing urban population and increasing disposable incomes.

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 India has been experiencing significant growth in recent years. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors have all contributed to this development.

Customer preferences: in India have shifted towards more modern and stylish bedroom furniture. As disposable incomes have risen, consumers are increasingly willing to invest in high-quality and aesthetically pleasing furniture for their bedrooms. Additionally, there is a growing demand for space-saving furniture solutions, as urban living spaces in India are often limited in size. This has led to an increased demand for multifunctional furniture pieces that can serve multiple purposes.

Trends in the market: indicate a growing focus on sustainability and eco-friendly materials. Consumers in India are becoming more conscious of the environmental impact of their purchases and are actively seeking out furniture made from sustainable materials such as bamboo or reclaimed wood. This trend is also driven by an increasing awareness of the health benefits of using natural and non-toxic materials in furniture production.

Local special circumstances: in India have also contributed to the development of the Bedroom Furniture market. The rapid urbanization and increasing number of middle-class households have created a large consumer base with the means to purchase bedroom furniture. Furthermore, the government's initiatives to promote affordable housing and the rise of e-commerce platforms have made bedroom furniture more accessible to a wider population.

Underlying macroeconomic factors: have played a significant role in the growth of the Bedroom Furniture market in India. The country's strong economic growth and rising disposable incomes have created a favorable environment for the expansion of the furniture industry. Additionally, the government's push for the "Make in India" campaign has encouraged domestic production and reduced reliance on imports, leading to the growth of local manufacturers and suppliers in the bedroom furniture market. In conclusion, the Bedroom Furniture market in India has experienced significant growth due to changing customer preferences, trends towards sustainability, local special circumstances, and underlying macroeconomic factors. As the market continues to evolve, it is expected that the demand for modern, space-saving, and eco-friendly bedroom furniture will continue to drive growth 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.