Bedroom Furniture - Indonesia

Indonesia

In Indonesia, the revenue in the Bedroom Furniture market reaches a substantial amount of €383.30m in 2024.
It is projected that this market will experience an annual growth rate of 1.74% (CAGR 2024-2029).
When compared globally, in the United States stands out as the top revenue generator in this segment, with a staggering €38,440m in 2024.
Examining the revenue on a per capita basis, we find that in 2024, each person in Indonesia contributes €1.37 in revenue towards the Bedroom Furniture market.
The demand for high-quality, locally-made bedroom furniture in Indonesia is surging, as consumers prioritize supporting domestic craftsmanship and sustainable materials.

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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Comparación de regiones

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Analyst Opinion

The Bedroom Furniture market in Indonesia is experiencing significant growth and development.

Customer preferences: Indonesian customers are increasingly seeking bedroom furniture that combines functionality with aesthetic appeal. They are looking for furniture pieces that not only provide storage solutions but also enhance the overall look and feel of their bedrooms. Additionally, customers are showing a preference for sustainable and eco-friendly materials in their furniture choices, reflecting a growing awareness of environmental issues.

Trends in the market: One of the key trends in the Bedroom Furniture market in Indonesia is the rise of online retail. With the increasing popularity of e-commerce platforms, more customers are opting to purchase their bedroom furniture online. This trend is driven by the convenience and wide range of options available online, as well as competitive pricing. Online retailers are also able to offer customization options, allowing customers to personalize their furniture to suit their specific needs and preferences. Another trend in the market is the growing demand for space-saving furniture. As urbanization continues to accelerate in Indonesia, many customers are living in smaller apartments or houses with limited space. This has led to a demand for bedroom furniture that is compact and multifunctional, such as beds with built-in storage compartments or folding furniture that can be easily stowed away when not in use.

Local special circumstances: Indonesia's growing middle class is a key driver of the Bedroom Furniture market. As disposable incomes rise, more individuals and families are able to invest in higher-quality furniture for their bedrooms. This has led to an increase in demand for premium and luxury bedroom furniture brands. Additionally, the government's efforts to promote the local manufacturing industry have resulted in the emergence of several domestic furniture brands that cater to the specific tastes and preferences of Indonesian customers.

Underlying macroeconomic factors: The strong economic growth in Indonesia has contributed to the development of the Bedroom Furniture market. As the country's economy expands, more individuals are able to afford furniture purchases, leading to increased demand. Additionally, the growing urban population and the rise of the middle class have created a favorable market environment for the Bedroom Furniture industry. The government's focus on infrastructure development and urbanization has also played a role in driving the demand for bedroom furniture, as more individuals move to urban areas and require furniture for their new homes.

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.