Bedroom Furniture - Ireland

Ireland

In Ireland, the revenue generated in the Bedroom Furniture market is reported to be €380.80m in 2024.
It is projected that the market will experience an annual growth rate of 4.51% between 2024 and 2029 (CAGR 2024-2029).
When comparing global figures, in the United States stands out as the country with the highest revenue in this segment, generating a staggering €38,040m in 2024.
In terms of per capita revenue, in Ireland generates approximately €74.82 per person in 2024.
The demand for traditional Irish bedroom furniture, characterized by intricate craftsmanship and rich wood finishes, continues to thrive in Ireland.

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 Ireland has been experiencing significant growth in recent years.

Customer preferences: Irish consumers have shown a strong preference for high-quality and stylish bedroom furniture. They are increasingly looking for furniture pieces that not only provide functionality but also enhance the overall aesthetics of their bedrooms. This has led to a rise in demand for modern and contemporary designs, with clean lines and minimalist features. Additionally, there is a growing interest in eco-friendly and sustainable furniture options, as Irish consumers are becoming more conscious of their environmental impact.

Trends in the market: One of the key trends in the Bedroom Furniture market in Ireland is the increasing popularity of online shopping. Irish consumers are embracing the convenience and ease of purchasing furniture online, as it allows them to browse a wide range of options and compare prices from the comfort of their homes. This trend has been further accelerated by the COVID-19 pandemic, as more people have turned to online shopping due to social distancing measures. Another trend in the market is the growing demand for multifunctional furniture. With smaller living spaces becoming more common in Ireland, consumers are looking for furniture pieces that can serve multiple purposes. This includes beds with built-in storage compartments, wardrobes with integrated dressing tables, and bedside tables with charging ports. This trend reflects the need for practical and space-saving solutions in bedrooms.

Local special circumstances: Ireland's strong economy and rising disposable income levels have contributed to the growth of the Bedroom Furniture market. As the country has experienced steady economic growth in recent years, consumers have had more purchasing power and are willing to invest in higher-end furniture pieces. Furthermore, the construction industry in Ireland has been booming, leading to an increased demand for furniture to furnish new homes and apartments.

Underlying macroeconomic factors: Several macroeconomic factors have influenced the development of the Bedroom Furniture market in Ireland. The low-interest-rate environment has made it easier for consumers to access credit and finance their furniture purchases. This has encouraged spending and stimulated demand in the market. Additionally, the growth of the tourism industry in Ireland has had a positive impact on the market, as hotels and guesthouses require a steady supply of bedroom furniture to accommodate their guests. In conclusion, the Bedroom Furniture market in Ireland is experiencing growth due to customer preferences for high-quality and stylish furniture, the increasing popularity of online shopping, the demand for multifunctional furniture, Ireland's strong economy and rising disposable income levels, and underlying macroeconomic factors such as low-interest rates and the growth of the tourism industry.

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 segmented by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen and Dining room, Bathroom, Outdoor, and Home Office. The Furniture market also includes Lamps and Lighting and Home Decor because the furnishings and accessories within these segments 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.