Bedroom Furniture - Mexico

  • Mexico
  • In Mexico, the revenue generated in the Bedroom Furniture market is estimated to reach €1,810m in 2024.
  • It is projected to experience an annual growth rate of 2.87% (CAGR 2024-2029).
  • When compared to other countries worldwide, United States leads the market with a revenue of €43,120m in 2024.
  • Taking into account the population figures, the per person revenue in Mexico is approximately €13.99 in 2024.
  • The demand for traditional Mexican handcrafted bedroom furniture is on the rise, reflecting a cultural appreciation for artisanal craftsmanship.

Key regions: Denmark, France, Worldwide, Germany, United States

 
Mercado
 
Región
 
Comparación de regiones
 
Moneda
 

Analyst Opinion

The Bedroom Furniture market in Mexico has been experiencing significant growth in recent years.

Customer preferences:
Mexican consumers have shown a growing preference for high-quality and stylish bedroom furniture. They are increasingly looking for furniture that not only provides functionality but also adds aesthetic value to their bedrooms. This trend is driven by the rising disposable income of the middle class and their desire to create a comfortable and visually appealing living space.

Trends in the market:
One of the key trends in the Bedroom Furniture market in Mexico is the increasing demand for eco-friendly and sustainable furniture. Mexican consumers are becoming more conscious of the environmental impact of their purchases and are actively seeking furniture made from sustainable materials. This trend is in line with the global shift towards sustainability and reflects a growing awareness of environmental issues among consumers in Mexico. Another trend in the market is the rise of online retail. With the increasing penetration of the internet and the growing popularity of e-commerce platforms, Mexican consumers are now more inclined to shop for bedroom furniture online. This trend is driven by the convenience and wide range of options offered by online retailers. It also allows consumers to compare prices and read reviews before making a purchase decision.

Local special circumstances:
Mexico has a rich cultural heritage, and this is reflected in the design and style preferences of Mexican consumers. Many consumers in Mexico prefer bedroom furniture that incorporates traditional Mexican elements, such as handcrafted details and vibrant colors. This preference for traditional designs sets the Mexican market apart from other markets and creates opportunities for local manufacturers and artisans to cater to the unique tastes of Mexican consumers.

Underlying macroeconomic factors:
The growth of the Bedroom Furniture market in Mexico can be attributed to several macroeconomic factors. Firstly, Mexico has experienced steady economic growth in recent years, which has led to an increase in disposable income and consumer spending. This has resulted in a higher demand for bedroom furniture as consumers seek to improve their living spaces. Additionally, Mexico has a young and growing population, which is driving the demand for housing and furniture. As more young adults enter the workforce and start their families, there is a greater need for bedroom furniture to furnish new homes. This demographic trend is expected to continue driving the growth of the Bedroom Furniture market in Mexico in the coming years. In conclusion, the Bedroom Furniture market in Mexico is experiencing growth due to changing customer preferences, including a demand for high-quality and stylish furniture, as well as a growing interest in eco-friendly and sustainable products. The rise of online retail and the preference for traditional Mexican designs are also shaping the market. These trends are supported by underlying macroeconomic factors, such as economic growth and a young population.

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.

Visión general

  • Revenue
  • Sales Channels
  • Key Players
  • Global Comparison
  • Analyst Opinion
  • Methodology
  • Key Market Indicators
Espere, por favor

Contacto

¿Alguna duda? Estaremos encantados de atenderte.
Statista Locations
Contacto Nerea Marcos
Nerea Marcos
Client Success Manager

Lu - vi, 9:30 - 17:00 h (CET)

Contacto Meredith Alda
Meredith Alda
Sales Manager– Contacto (Estados Unidos)

Lu - vi, 9:00 - 18:00 h (EST)

Contacto Yolanda Mega
Yolanda Mega
Operations Manager– Contacto (Asia)

Lu - vi, 9:00 - 17:00 h (SGT)

Contacto Kisara Mizuno
Kisara Mizuno
Senior Business Development Manager– Contacto (Asia)

Lu - vi, 10:00 - 18:00 h (JST)

Contacto Lodovica Biagi
Lodovica Biagi
Director of Operations– Contacto (Europa)

Lu - vi, 9:30 - 17:00 h (GMT)

Contacto Carolina Dulin
Carolina Dulin
Group Director - LATAM– Contacto (América Latina)

Lu - vi, 9:00am-6:00pm (EST)