Bedroom Furniture - Thailand

Thailand

In Thailand, the revenue generated in the Bedroom Furniture market is forecasted to reach €440.10m in 2024.
This market is projected to experience an annual growth rate of 5.24% (CAGR 2024-2029).
When comparing the global market, in the United States leads in terms of revenue, with €38,440m in 2024.
Looking at the per person basis, in 2024, each individual in Thailand generates approximately €6.12 in revenue.
Thailand's bedroom furniture market is experiencing a surge in demand for modern and minimalist designs, reflecting the country's growing urban population and changing consumer preferences.

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 Thailand is experiencing steady growth and development, driven by changing customer preferences, emerging trends, and local special circumstances.

Customer preferences: in the Bedroom Furniture market in Thailand have shifted towards more modern and minimalist designs. Consumers are increasingly looking for furniture that is functional, space-saving, and aesthetically pleasing. This preference for modern designs is influenced by global trends in interior design and the desire for a contemporary and stylish living space. Additionally, consumers are becoming more conscious of the environmental impact of their purchases and are seeking sustainable and eco-friendly options in the market. Trends in the market include the rising popularity of online shopping and the increasing demand for customized and personalized bedroom furniture. With the growth of e-commerce platforms, consumers have more options and convenience in purchasing bedroom furniture. Online retailers offer a wide range of products, competitive prices, and the ability to compare different brands and designs. Furthermore, the demand for customized furniture is on the rise as consumers seek unique and personalized pieces that reflect their individual taste and style.

Local special circumstances: in Thailand also contribute to the development of the Bedroom Furniture market. The country has a growing middle class with increasing disposable income, leading to higher consumer spending on home furnishings. Additionally, Thailand is a popular tourist destination, attracting a large number of international visitors. This has created a demand for high-quality and luxurious bedroom furniture in hotels and resorts, driving the growth of the market. Underlying macroeconomic factors such as economic stability, urbanization, and population growth also play a role in the development of the Bedroom Furniture market in Thailand. As the economy grows and more people move to urban areas, there is an increased demand for housing and home furnishings. The growing population also means a larger consumer base for the market, further driving its expansion. In conclusion, the Bedroom Furniture market in Thailand is experiencing growth and development due to changing customer preferences, emerging trends, local special circumstances, and

Underlying macroeconomic factors:. The shift towards modern and minimalist designs, the rise of online shopping and customization, the growing middle class and tourism industry, and the stable economy and population growth all contribute to the positive trajectory of 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.