Bedroom Furniture - United Kingdom

United Kingdom

In the year 2024, the revenue generated in the Bedroom Furniture market in the United Kingdom reaches an impressive amount of €3.50bn.
It is projected that this market will experience a steady annual growth rate of 2.45% from 2024 to 2029 (CAGR 2024-2029).
When compared to other countries around Worldwide, in the United States leads the pack with a revenue of €38,440m in 2024.
Taking into consideration the population of the United Kingdom, the per capita revenue for Bedroom Furniture market in 2024 stands at €51.51.
This indicates the level of individual spending on bedroom furniture within the country.
The United Kingdom has seen a rise in demand for sustainable and minimalist 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 United Kingdom has been experiencing steady growth in recent years, driven by changing customer preferences, emerging trends in the market, and local special circumstances.

Customer preferences: in the Bedroom Furniture market in United Kingdom have been shifting towards more modern and minimalist designs. Customers are increasingly looking for furniture that is both functional and aesthetically pleasing, with a focus on clean lines, neutral colors, and space-saving features. This shift in preferences is influenced by global trends in interior design and the increasing popularity of minimalist lifestyles.

Trends in the market: also play a significant role in the development of the Bedroom Furniture market in United Kingdom. One notable trend is the rise of online shopping for furniture. With the convenience of online platforms and the availability of a wide range of options, more customers are choosing to purchase their bedroom furniture online. This trend is driven by factors such as the ease of comparing prices and products, the ability to access customer reviews and recommendations, and the convenience of home delivery. Another trend in the Bedroom Furniture market in United Kingdom is the growing demand for sustainable and eco-friendly furniture. Customers are becoming more conscious of the environmental impact of their purchases and are seeking furniture made from sustainable materials and produced using eco-friendly manufacturing processes. This trend is influenced by global concerns about climate change and the increasing importance of sustainability in consumer decision-making.

Local special circumstances: also contribute to the development of the Bedroom Furniture market in United Kingdom. The United Kingdom has a strong tradition of craftsmanship and quality in furniture manufacturing, which gives local manufacturers a competitive advantage. Customers in the United Kingdom often prioritize locally made furniture, as they value the quality and durability associated with British craftsmanship. This preference for locally made furniture supports the growth of domestic manufacturers and contributes to the overall development of the market. Underlying macroeconomic factors also play a role in shaping the Bedroom Furniture market in United Kingdom. Economic stability and disposable income levels influence customer spending on furniture. When the economy is performing well and disposable incomes are high, customers are more likely to invest in new bedroom furniture. On the other hand, during periods of economic uncertainty or low disposable incomes, customers may delay or reduce their furniture purchases. In conclusion, the Bedroom Furniture market in United Kingdom is developing in response to changing customer preferences, emerging trends in the market, local special circumstances, and

Underlying macroeconomic factors:. The shift towards modern and minimalist designs, the rise of online shopping, the demand for sustainable furniture, the preference for locally made products, and the influence of economic stability and disposable incomes all contribute to the growth and development 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.