Bedroom Furniture - United States

  • United States
  • In 2024, the revenue generated in the Bedroom Furniture market in the United States amounts to a staggering €43bn.
  • This market is projected to experience an annual growth rate of 3.70% (CAGR 2024-2029).
  • Among all countries worldwide, in the United States leads the way in terms of revenue generation, with €43bn in 2024.
  • When considering the population size, this translates to per person revenues of €126.10 in 2024.
  • The United States is experiencing a surge in demand for sustainable and eco-friendly bedroom furniture, driven by a growing awareness of environmental issues among consumers.

Key regions: Denmark, Germany, China, United States, Worldwide

 
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Analyst Opinion

The Bedroom Furniture market in United States has been experiencing steady growth over the past few years.

Customer preferences:
In the United States, customers have been showing a growing preference for modern and minimalist bedroom furniture designs. This trend is driven by the increasing popularity of contemporary interior design styles, which emphasize clean lines, simplicity, and functionality. Customers are also seeking bedroom furniture that is durable and made from sustainable materials. As a result, there is a rising demand for eco-friendly and ethically sourced bedroom furniture in the market.

Trends in the market:
One of the key trends in the Bedroom Furniture market in United States is the growing popularity of online retail channels. Customers are increasingly turning to online platforms to shop for bedroom furniture due to the convenience and wide range of options available. Online retailers are capitalizing on this trend by offering competitive prices, fast delivery, and hassle-free returns. This shift towards online shopping has led to the emergence of several e-commerce players specializing in bedroom furniture. Another trend in the market is the increasing demand for multifunctional bedroom furniture. With the rise of smaller living spaces, customers are looking for furniture that can serve multiple purposes. For example, beds with built-in storage compartments or nightstands that can also function as desks. This trend is driven by the need to maximize space and create a more organized and functional bedroom environment.

Local special circumstances:
The United States has a diverse population with varying tastes and preferences when it comes to bedroom furniture. Different regions within the country may have specific design preferences or cultural influences that impact the demand for certain types of bedroom furniture. For example, coastal regions may have a higher demand for beach-themed or nautical-inspired bedroom furniture, while urban areas may favor sleek and modern designs.

Underlying macroeconomic factors:
The growth of the Bedroom Furniture market in United States can be attributed to several macroeconomic factors. Firstly, the strong housing market has been driving the demand for bedroom furniture as new homeowners furnish their homes. Additionally, the steady growth of the economy has resulted in higher disposable incomes, allowing consumers to spend more on home furnishings. Lastly, the increasing awareness and emphasis on sustainability have influenced customers to invest in high-quality, eco-friendly bedroom furniture. In conclusion, the Bedroom Furniture market in United States is experiencing growth due to customer preferences for modern and minimalist designs, the rise of online retail channels, and the demand for multifunctional furniture. The diverse population and cultural influences within the country also contribute to the varying preferences for bedroom furniture. The strong housing market, growing economy, and focus on sustainability are the underlying macroeconomic factors driving 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 segmented by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen and Dining room, Bathroom, Outdoor, and Home Office. The Furniture market also includes Lamps and Lighting and Home Decor because the furnishings and accessories within these segments 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.

Vue d’ensemble

  • Revenue
  • Key Players
  • Sales Channels
  • Global Comparison
  • Analyst Opinion
  • Methodology
  • Key Market Indicators
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