Bedroom Furniture - North America

North America

In 2024, the revenue generated in the Bedroom Furniture market in North America amounts to €42.81bn.
It is projected that the market will experience an annual growth rate of 3.94% (CAGR 2024-2029).
When compared to other countries around Worldwide, in the United States generates the highest revenue in this segment, with €38,440m in 2024.
Taking into account the total population figures, the per person revenue in North America for 2024 is €83.88.
In North America, there is a growing trend towards minimalist and multifunctional bedroom furniture designs.

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 North America is experiencing steady growth due to changing customer preferences, emerging trends, and local special circumstances.

Customer preferences: in North America have shifted towards more modern and minimalist bedroom furniture designs. Consumers are increasingly looking for furniture pieces that are not only functional but also aesthetically pleasing and space-saving. This preference for sleek and contemporary designs has led to an increase in demand for bedroom furniture with clean lines, neutral colors, and innovative storage solutions. Additionally, customers are placing a greater emphasis on sustainability and eco-friendly materials, driving the demand for bedroom furniture made from recycled or renewable materials. Trends in the market indicate a growing demand for multifunctional bedroom furniture. With the rise of urban living and smaller living spaces, consumers are seeking furniture that can serve multiple purposes. This has resulted in the popularity of bedroom furniture with built-in storage compartments, such as beds with drawers underneath or nightstands with hidden shelves. Another emerging trend is the integration of technology into bedroom furniture, such as smart beds that can adjust to individual sleep preferences or charging stations built into nightstands.

Local special circumstances: in North America, such as the aging population and the rise of remote work, have also influenced the Bedroom Furniture market. As the population ages, there is a greater demand for bedroom furniture that is designed for comfort and accessibility, such as adjustable beds or ergonomic mattresses. Additionally, the increase in remote work has led to a greater need for home office spaces within bedrooms, driving the demand for bedroom furniture that can accommodate workstations. Underlying macroeconomic factors have also contributed to the growth of the Bedroom Furniture market in North America. The strong economy and low unemployment rate have increased consumers' disposable income and confidence in making large purchases, including bedroom furniture. Additionally, the booming real estate market has led to an increase in home renovations and new home purchases, driving the demand for bedroom furniture. In conclusion, the Bedroom Furniture market in North America is experiencing growth due to changing customer preferences, emerging trends, local special circumstances, and

Underlying macroeconomic factors:. As consumers seek modern and multifunctional bedroom furniture, manufacturers and retailers in the region are adapting to meet these demands and capitalize on the opportunities presented by the market.

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.