Global Bedroom Furniture Market Size is estimated to expand rapidly in coming years, at a CAGR of 40.5 % from 2018 to 2025. In 2017, the global market valuation was USD 21.59 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. Global bedroom furniture market has witnessed high growth in recent years due to the convenient shipping services and increasing demand of modular furniture. Increasing demand of green buildings is impacting the global furniture market.
One of the major market trends in furniture in the worldwide industry is an increasing requirement for multifunctional bedroom furniture. Consumers who live in contemporary studio apartments prefer a couch that has a dormitory, a laptop chair and a seated side bed and a work table is connected. As a consequence, the furnishing companies in bedrooms are concentrating on providing multifunctional furnishings in the house. Multi-proposal furniture businesses are also presenting their residential buildings, including hostels and dormitories, to colleges and universities. North America and China are expected to witness high growth in the global market of bedroom furniture.
Different delivery lines make the customer easy to purchase furniture products from engineered wood furnishings. In addition, in metropolitan towns around the world, demand for modular and sophisticated furnishings increases. The development of accommodation and fast metropolitan growth is altering the population's living standards and culture. The increasing tendency in home decoration and home decoration with hybrid and stylish furnishings is a big cause of the development of the world's mechanics.
Global Market Growth Opportunities (Revenue, Growth) By 2017-2025
This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global bedroom furniture market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global bedroom furniture market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.
By Product Insights: On the basis of product, global bedroom furniture market has been segmented into beds, bunks, lofts, and headboards, wardrobes, mattresses and supporters, chest and chest of drawers, dressers, chairs and benches, nightstands, wall shelves. Among which dressers, chairs and benches segment has accounted for largest share in the global market of bedroom furniture. This growth is mainly ascribed to the increasing demand of such products from residential sector. Moreover, rising demand of modular and state of the art furniture among the population living in the modern cities, growing urbanization and rising demand of durable and hybrid furniture are some of the key reasons behind the market growth of bedroom furniture.
The bedroom furniture market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players.
From the geographical point of view, APAC region is expected to be the highest growing region in the global market of bedroom furniture market. The residential industry and fast growth of subway towns are altering the population's life norms and lifestyles. The increasing tendency in house design and house furniture with hybrid and stylish furniture is the main justification for the development in furniture industries, including China, India and Japan, in emerging countries.
In the close future, rapid urban development and increasing request in North America for hybrid and compact furnishings are anticipated to have a positive effect on the development of the furniture industry. In addition, increasing urbanization is promoting the culture of housing societies in American countries such as USA, Mexico, Canada and others. In addition, the North American commercial industry builds up with the convenience of the government's company changes. The North American mobility industry is thought to support these variables.
Global Bedroom Furniture Market Size, Share Analysis by Region 2017
Global Bedroom Furniture Market Study Objective
1. To forecast the market size of bedroom furniture market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.
2. Market analysis and forecast of bedroom furniture market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.
3. To analyze and elaborate significant factors that will have a major impact on the growth of bedroom furniture market, such as drivers, restraints, challenges, and opportunities.
4. The regional analysis of bedroom furniture market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.
5. Strategic analysis of micro-markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.
6. To provide detailed analysis of competitive and strategic developments in the bedroom furniture market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.
Key Players Landscape
Ashley Furniture Industries, Century Furniture, La-Z-Boy, LEGENDS FURNITURE, Vaughan-Bassett Furniture Company are some of the key players in the market of bedroom furniture. These industries have taken a number of development policies to improve their business situation. The main growth policies of these competitors to improve their brand range & global existence to address the increasing requirement for bedrooms furnishings by developing markets have been expansion, brand development, fusion & procurement, and cooperation.
Global Bedroom Furniture Market Study Report Offer You!
The global bedroom furniture market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end-user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
Save Your Time
Wide Range of Reports
World Class Market Research
100% Customer Satisfaction
24/7 Customer care Support
Let's Talk Online