Bedroom Furniture - Portugal

Portugal

In Portugal, the Bedroom Furniture market generates a revenue of €457.00m in 2024.
This market is projected to experience an annual growth rate of 3.26% (CAGR 2024-2029).
When compared to other countries worldwide, in the United States leads in terms of revenue, with a total of €38,440m in 2024.
When taking into account the total population, per person revenues amount to €44.70 in 2024.
"Portugal's bedroom furniture market is experiencing a surge in demand for modern, minimalist designs that highlight the country's contemporary aesthetic."

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 Portugal has been experiencing significant growth in recent years, driven by changing customer preferences and local special circumstances.

Customer preferences: In Portugal, customers have shown a growing preference for modern and stylish bedroom furniture. They are looking for furniture that not only provides comfort but also adds a touch of elegance and sophistication to their bedrooms. This trend is reflected in the increasing demand for sleek and minimalist designs, with clean lines and neutral colors. Customers are also seeking furniture that is functional and space-saving, as many people in Portugal live in smaller apartments or houses.

Trends in the market: One of the key trends in the Bedroom Furniture market in Portugal is the rising popularity of online shopping. With the convenience of browsing and purchasing furniture from the comfort of their homes, more and more customers are turning to online retailers. This trend has been further accelerated by the COVID-19 pandemic, which has led to an increased reliance on e-commerce. As a result, online retailers are experiencing significant growth in sales and market share. Another trend in the market is the growing demand for sustainable and eco-friendly bedroom furniture. Customers in Portugal are becoming more conscious of the environmental impact of their purchases and are seeking furniture made from sustainable materials. This trend is driven by a combination of factors, including increased awareness of climate change and a desire to support companies that prioritize sustainability.

Local special circumstances: Portugal's tourism industry plays a significant role in the Bedroom Furniture market. The country is known for its beautiful beaches and historic cities, attracting millions of tourists each year. Many of these tourists choose to stay in vacation rentals or hotels, which often require furnishing their bedrooms. This creates a demand for bedroom furniture that is not only stylish but also durable and easy to maintain.

Underlying macroeconomic factors: The Bedroom Furniture market in Portugal is also influenced by underlying macroeconomic factors. The country's economy has been recovering steadily since the global financial crisis, leading to increased consumer spending power. As a result, people are more willing to invest in high-quality bedroom furniture that will last for years. Additionally, low interest rates and favorable financing options have made it easier for customers to purchase furniture, further driving market growth. In conclusion, the Bedroom Furniture market in Portugal is experiencing growth due to changing customer preferences, such as a preference for modern and stylish designs, the rising popularity of online shopping, and the demand for sustainable furniture. Local special circumstances, such as the importance of tourism, also contribute to market development. Furthermore, underlying macroeconomic factors, including a recovering economy and favorable financing options, are driving market growth.

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.