Bedroom Furniture - Iran

Iran

In 2024, the revenue generated in the Bedroom Furniture market in Iran amounts to €629.70m.
It is projected that this market will experience an annual growth rate of 5.22% (CAGR 2024-2029).
When compared to the global market, in the United States generates the highest revenue in this segment, reaching €38,440m in 2024.
Taking into account the total population figures, in 2024, per person revenues of €7.01 are generated in Iran.
The demand for traditional Iranian-style bedroom furniture is on the rise in Iran, reflecting a renewed interest in the country's rich cultural heritage.

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 Iran is experiencing significant growth due to changing customer preferences and local special circumstances.

Customer preferences: in Iran have shifted towards more modern and stylish bedroom furniture. Customers are looking for furniture that not only provides functionality but also adds aesthetic appeal to their bedrooms. This trend is driven by the increasing disposable income of consumers in Iran, allowing them to invest in higher quality and more luxurious furniture. Additionally, the younger generation in Iran is more design-conscious and seeks furniture that reflects their personal style and taste. As a result, there is a growing demand for contemporary bedroom furniture with sleek designs and innovative features. Trends in the market also indicate a preference for eco-friendly and sustainable bedroom furniture in Iran. With increasing awareness about environmental issues, customers are seeking furniture that is made from sustainable materials and produced using environmentally friendly manufacturing processes. This trend is driven by the growing concern for the environment and a desire to make more conscious purchasing decisions. As a result, manufacturers are focusing on producing bedroom furniture that is both stylish and environmentally friendly, using materials such as bamboo or recycled wood.

Local special circumstances: in Iran also contribute to the development of the Bedroom Furniture market. The country has a young population with a high percentage of people in the age group of 20-35 years. This demographic is more likely to invest in furniture for their homes, including bedroom furniture. Additionally, the rapid urbanization in Iran has led to an increase in the number of apartments and houses, creating a greater demand for furniture. The government in Iran is also promoting the growth of the furniture industry by providing incentives and support to local manufacturers, encouraging them to expand their production capabilities and improve the quality of their products. Underlying macroeconomic factors also play a role in the growth of the Bedroom Furniture market in Iran. The country's economy has been recovering from international sanctions, leading to an increase in consumer spending. The rising middle-class population in Iran has more disposable income, allowing them to invest in higher quality furniture. Additionally, the government's efforts to diversify the economy and reduce dependence on oil have resulted in increased investment in industries such as manufacturing, including the furniture industry. These factors contribute to the overall growth and development of the Bedroom Furniture market in Iran.

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.