Bedroom Furniture - Israel

Israel

In Israel, the revenue generated in the Bedroom Furniture market in 2024 amounts to €555.00m.
It is projected that the market will experience an annual growth rate of 3.61% (CAGR 2024-2029).
When compared globally, in the United States generates the highest revenue in this segment, with €38,040m in 2024.
Taking into account the total population figures, the per person revenue in Israel amounts to €59.61 in 2024.
In Israel, there is a growing demand for modern and minimalist bedroom furniture designs that prioritize functionality and space-saving solutions.

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 Israel has been experiencing steady growth in recent years, driven by changing customer preferences, emerging trends, and local special circumstances.

Customer preferences: in Israel have shifted towards more modern and contemporary bedroom furniture designs. Customers are looking for sleek and minimalist designs that offer functionality and practicality. This preference for modern designs is influenced by global trends and the increasing influence of Western lifestyles. Additionally, customers are increasingly seeking bedroom furniture that is eco-friendly and sustainable, reflecting a growing awareness of environmental issues. Trends in the market include the rising popularity of multifunctional furniture. With space being a premium in many Israeli homes, customers are looking for furniture that can serve multiple purposes. For example, beds with built-in storage compartments or desks that can be folded away when not in use. This trend is driven by the need to maximize space and create a more organized and efficient living environment. Another trend in the market is the increasing demand for customized bedroom furniture. Customers are looking for furniture that reflects their individual style and preferences. This trend is driven by the desire for unique and personalized living spaces. As a result, many furniture retailers in Israel are offering customization options, allowing customers to choose the materials, colors, and finishes of their bedroom furniture.

Local special circumstances: in Israel also play a role in the development of the Bedroom Furniture market. The high cost of living and limited space in urban areas are factors that influence customer preferences and purchasing decisions. Customers are looking for furniture that offers value for money and can optimize their living space. This has led to an increase in the demand for compact and multifunctional furniture. Underlying macroeconomic factors, such as a growing economy and increasing disposable income, have also contributed to the growth of the Bedroom Furniture market in Israel. As the economy continues to strengthen, consumers have more purchasing power and are willing to invest in higher quality and more expensive bedroom furniture. Additionally, the growing urban population and the rise in the number of households are driving the demand for bedroom furniture. In conclusion, the Bedroom Furniture market in Israel is developing in response to changing customer preferences, emerging trends, local special circumstances, and

Underlying macroeconomic factors:. The market is experiencing a shift towards modern and contemporary designs, an increase in demand for multifunctional and customized furniture, and a focus on value for money and space optimization. As the economy continues to grow and consumer purchasing power increases, the market is expected to further expand 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.