Bedroom Furniture - Turkey

Turkey

In 2024, the revenue generated in the Bedroom Furniture market in Turkey amounted to €1.09bn.
It is projected that the market will experience an annual growth rate of 1.94% (CAGR 2024-2029).
When compared to other countries worldwide, in the United States leads with a revenue of €38,440m in 2024.
Considering the total population, per person revenues of €12.63 were generated in Turkey in 2024.
The Bedroom Furniture market in Turkey showcases significant potential for growth and development.
Turkey's bedroom furniture market is experiencing a surge in demand for contemporary designs and multifunctional pieces.

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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Région

Comparaison de régions

Monnaie

Analyst Opinion

The Bedroom Furniture market in Turkey is experiencing steady growth due to changing customer preferences, emerging trends, and favorable local special circumstances.

Customer preferences: in the Bedroom Furniture market in Turkey are shifting towards more modern and contemporary designs. Customers are increasingly looking for furniture that is not only functional but also aesthetically pleasing. This trend is driven by the younger generation, who value style and design in their living spaces. Additionally, there is a growing demand for space-saving furniture solutions, as urban living spaces in Turkey are becoming smaller and more compact. Trends in the market include the rise of online shopping for furniture. With the increasing use of smartphones and internet penetration in Turkey, more customers are opting to purchase bedroom furniture online. This trend is further fueled by the convenience and competitive pricing offered by online retailers. Additionally, there is a growing interest in sustainable and eco-friendly furniture options. Customers are becoming more conscious of the environmental impact of their purchases and are seeking furniture made from sustainable materials.

Local special circumstances: in Turkey also contribute to the development of the Bedroom Furniture market. The country has a young and growing population, which leads to an increased demand for housing and furniture. Additionally, Turkey has a strong manufacturing sector, which allows for the production of high-quality furniture at competitive prices. This, in turn, attracts both domestic and international customers. Underlying macroeconomic factors also play a role in the growth of the Bedroom Furniture market in Turkey. The country has experienced steady economic growth in recent years, which has led to an increase in disposable income. As a result, consumers have more purchasing power and are willing to invest in higher-quality bedroom furniture. Furthermore, the government has implemented policies to support the housing sector, such as providing subsidies for first-time homebuyers. This has stimulated demand for furniture, including bedroom furniture, as individuals furnish their new homes. In conclusion, the Bedroom Furniture market in Turkey is growing due to changing customer preferences, emerging trends, favorable local special circumstances, and

Underlying macroeconomic factors:. The shift towards modern and contemporary designs, the rise of online shopping, and the demand for sustainable furniture are driving the market forward. Additionally, turkey's young and growing population, strong manufacturing sector, and supportive government policies contribute to the market's development.

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.