Bedroom Furniture Market: Global Industry Research Report 2020-2027 | Envisage Research
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Bedroom Furniture Market - By Product (Beds, Wardrobe & Storage, Dressers & Mirrors, Night Stands, Others) And By Region (North America, Asia Pacific, Europe, Middle East & Africa and Latin America) - Industry Analysis, opportunity and Forecast 2020 To 2027

Published Date: May 2021

No. of Pages: 183

Status: Published

Report Code: EMR100407

The Global Bedroom Furniture Market size was valued at USD 220.6 billion in 2020 and is expected to reach USD 300 billion with a grow at a compound annual growth rate (CAGR) of 4.5% from 2020 to 2027. Shifting consumer preference towards high-end furniture products owing to technological advancements in the home furnishing industry is a key factor driving the market for bedroom furniture. In addition, prevalence of mini-housing boom across the globe is paving way for greater demand for bedroom furniture. Increasing per capita income of consumers, particularly in the developing nations, easy access to digital tools, and adoption of newer lifestyle trends, have revamped the traditional households into modern luxury residential dwellings.

Increased attention towards gaining trending bedroom styles has influenced major bedroom renovation projects inducing minimalist appeal for the serene and calming environment of bedrooms with functional furniture. For instance, the Culla Collection by Article, a Canada-based furniture company, offers a single drawer nightstand, bed frame, and three drawer dressers, which is made from veneered American white oak. In addition, rising adoption of four-poster beds as a need to accommodate bigger mattresses is gaining traction in the market. These modern four-poster beds also feature a clean and simple style, which stands out without overwhelming the space.

According to the American Housing Survey by the Harvard Joint Centre for Housing Studies, the home improvement industry size was valued at USD 383.3 billion in 2017. Moreover, increasing wave of millennials buying homes, particularly older homes, which require more refurbishment, is boosting the market growth. According to studies by HomeAdvisor, millennials are investing in greater number of home improvement projects each year compared to other age groups.

Increased splurge on real estate investment is helping drive the furniture industry, thereby increasing demand for bedroom furniture. According to the Global Real Estate report published by HSBC, real estate was valued at USD 228 trillion in 2016, which grew by 5% from 2015. Growing need for new houses as a result of growing population across regions is also expected to boost market growth.

According to the National Association of Home Builders (NAHB), the number of single-family permits in the U.S. has increased by 8.4% in 2018. Thus, rising developments in the residential household category are expected to drive the need for residential furniture, thereby resulting in the rise in the demand for bedroom furniture.

Bed Bath & Beyond Inc.; Williams-Sonoma, Inc.; Target Corporation; Wayfair Inc.; Home Depot, Inc.; Ashley Furniture Industries, Inc.; Heritage Home Group; La-Z-Boy; Mattress Firm Inc.; Herman Miller, Inc.

Analyst Commentary

In terms of revenue, beds dominated the market with a share of 37.1% in 2020. This is attributed to the rising construction of residential households, along with rapid urbanization in developing nations, including India, China, and Brazil. Increasing support by the government of these countries is also boosting the growth of residential housing, thereby propelling demand for beds among bedroom furniture products. For instance, the government of India offers housing loan and reconstruction loans to the citizens at low-interest rates. In addition, government initiatives such as Pradhan Mantri Awas Yojana and National Urban Housing Fund to provide residential housing at an affordable rate in India are expected to drive the demand for bedroom furniture products over the forecast period.

Wardrobe and storage products are expected to expand at the fastest CAGR of 5.1% from 2020 to 2027. Increasing inclination towards light, stylish, and comfortable walk-in closet designs or free-standing wardrobes has resulted in an important element of creating modern bedroom interiors. Growing trend of sliding wardrobes as a simple and stylish way of adding functional storage and maximizing the space of closet has been increasing the demand for this bedroom furniture. High preference for space-saving fixtures is drawing more attention towards closet drawers, which are replacing bedroom dressers, thereby leaving more space in the bedroom. This scenario is likely to propel the demand for wardrobes and storage furniture over the forecast period.

Segmentation

The bedroom furniture market is segmented on the basis of product and region. By product the market is divided into Beds, Wardrobe & Storage, Dressers & Mirrors, Night Stands, Others.

Regional Analysis

Asia Pacific dominated the market for bedroom furniture with a share of 38.7% in 2020 and is anticipated to witness the fastest growth over the forecast period. This is attributed to growing real estate sector in developing countries, such as China and India, which increases the consumers’ need to invest in furnishing activities and add an aesthetic look to the bedroom environment as a cause of remodeling. Moreover, increasing share of millennials in the furniture market is bound to invest in various modern bedroom furniture products owing to customization and space-saving features. Large population in the region is boosting the real estate development, thereby increasing adoption of various bedroom furniture, such as nightstands, dressers, and beds.

North America is expected to expand at a CAGR of 4.6% from 2020 to 2027. Steady growth of new furniture sales in regards to rising development of residential construction in the U.S., Canada, and Mexico is generating greater demand for household bedroom furniture. According to the National Association of Realtors, existing home sales growth is forecasted at 4% for the residential property market in 2018.

Moreover, rising traction of sustainable furniture across U.S. households is projecting growth of eco-friendly furniture products for bedrooms. According to the National Association of Home Builders, green residential construction for single-family has incurred growth of 2% in 2005, to 23% in 2013. Therefore, consumers are highly focused on building a green environment inside their houses, thereby driving demand for sustainable bedroom furniture products.

TABLE OF CONTENTS
Chapter 1. Executive Summary
Chapter 2. Research Methodology
2.1. Research approach
2.2. Scope, definition, and assumptions
2.3. Data sources
2.3.1. Secondary Sources
2.3.1.1. Preliminary data mining
2.3.2. Primary Sources
2.3.2.1. Statistical Model
2.3.2.2. Data Triangulation
2.3.2.3. Research Objective
Chapter 3. Market Outlook
3.1. Introduction
3.2. Key trends
3.2.1. xx
3.3. Market drivers
3.3.1. Impact analysis of Market Drivers
3.4. Market restraints
3.4.1. Impact analysis of Market Restraints
3.5. Market opportunities
3.5.1. Impact analysis of Market Opportunities
3.6. Market Challenges
3.6.1. Impact analysis of Market Trends
3.7. Porter’s Five Forces’ analysis
3.7.1. Bargaining Power of Suppliers
3.7.2. Bargaining Power of Buyers
3.7.3. Threat of New Entrant
3.7.4. Threat of Substitutes
3.7.5. High Competitive Rivalry
3.8. Value chain analysis
Chapter 4. COVID-19 Impact On Global Bedroom Furniture Market
Chapter 5. Global Bedroom Furniture Market Overview, By Product, 2015 - 2027 (USD Million)
5.1. Global Bedroom Furniture Market Share, By Product, 2015 - 2027 (USD Million)
5.1.1. Beds
5.1.1.1. Market Size and Projections,2015 - 2027 (USD Million)
5.1.1.2. Market Size and Projections, by Region, 2015 - 2027 (USD Million)
5.1.2. Wardrobe & Storage
5.1.2.1. Market Size and Projections, 2015 - 2027 (USD Million)
5.1.2.2. Market Size and Projections, by Region, 2015 - 2027 (USD Million)
5.1.3. Dressers & Mirrors
5.1.3.1. Market Size and Projections, 2015 - 2027 (USD Million)
5.1.3.2. Market Size and Projections, by Region, 2015 - 2027 (USD Million)
5.1.4. Others
5.1.4.1. Market Size and Projections, 2015 - 2027 (USD Million)
5.1.4.2. Market Size and Projections, by Region, 2015 - 2027 (USD Million)
Chapter 6. Global Bedroom Furniture Market Overview, By Geography, 2015 – 2027 (USD Million)
6.1. Global Bedroom Furniture Market Share, By Geography, 2015 - 2027 (USD Million)
6.1.1. Market Size and projections, by Countries, 2015 – 2027 (USD Million)
6.1.2. Market Share and CAGR Comparison, by Countries, 2019 (%)
Chapter 7. North America Global Bedroom Furniture Market Overview, By Countries, 2015 - 2027 (USD Million)
7.1. North America Bedroom Furniture Market Overview, 2015 - 2027 (USD Million)
7.1.1. Market size and projections, 2015 - 2027 (USD Million)
7.1.2. North America Bedroom Furniture Market Overview, By Product, 2015 - 2027 (USD Million)
7.1.3. North America Bedroom Furniture Market Overview, By Countries, 2015 - 2027 (USD Million)
7.1.3.1. U.S. Bedroom Furniture Market Overview, 2015 - 2027 (USD Million)
7.1.3.1.1. Market size and projections, 2015 - 2027 (USD Million)
7.1.3.1.2. U.S. Bedroom Furniture Market Overview, By Product, 2015 - 2027 (USD Million)
7.1.3.2. Canada Bedroom Furniture Market Overview, 2015 - 2027 (USD Million)
7.1.3.2.1. Market size and projections, 2015 - 2027 (USD Million)
7.1.3.2.2. Canada Bedroom Furniture Market Overview, By Product, 2015 - 2027 (USD Million)
7.1.3.3. Mexico Bedroom Furniture Market Overview, 2015 - 2027 (USD Million)
7.1.3.3.1. Market size and projections, 2015 - 2027 (USD Million)
7.1.3.3.2. Mexico Bedroom Furniture Market Overview, By Product, 2015 - 2027 (USD Million)
Chapter 8. Europe Global Bedroom Furniture Market Overview, By Countries, 2015 - 2027 (USD Million)
8.1. Europe Bedroom Furniture Market Overview, 2015 – 2027 (USD Million)
8.1.1. Market size and projections, 2015 - 2027 (USD Million)
8.1.2. Europe Bedroom Furniture Market Overview, By Product, 2015 - 2027 (USD Million)
8.1.3. Europe Bedroom Furniture Market Overview, By Countries, 2015 - 2027 (USD Million)
8.1.3.1. Germany
8.1.3.1.1. Market size and projections, 2015 - 2027 (USD Million)
8.1.3.1.2. Germany Bedroom Furniture Market Overview, By Product, 2015 - 2027 (USD Million)
8.1.3.2. France
8.1.3.2.1. Market size and projections, 2015 - 2027 (USD Million)
8.1.3.2.2. France Bedroom Furniture Market Overview, By Product, 2015 - 2027 (USD Million)
8.1.3.3. UK
8.1.3.3.1. Market size and projections, 2015 - 2027 (USD Million)
8.1.3.3.2. UK Bedroom Furniture Market Overview, By Product, 2015 - 2027 (USD Million)
8.1.3.4. Italy
8.1.3.4.1. Market size and projections, 2015 - 2027 (USD Million)
8.1.3.4.2. Italy Bedroom Furniture Market Overview, By Product, 2015 - 2027 (USD Million)
8.1.3.5. Spain
8.1.3.5.1. Market size and projections, 2015 - 2027 (USD Million)
8.1.3.5.2. Spain Bedroom Furniture Market Overview, By Product, 2015 - 2027 (USD Million)
8.1.3.6. Rest of Europe
8.1.3.6.1. Market size and projections, 2015 – 2025
8.1.3.6.2. Rest of Europe Bedroom Furniture Market Overview, By Product, 2015 - 2027 (USD Million)
Chapter 9. Asia Pacific Global Bedroom Furniture Market Overview, By Countries, 2015 - 2027 (USD Million)
9.1. Asia Pacific Bedroom Furniture Market Overview, 2015 - 2027 (USD Million)
9.1.1. Market size and projections, 2015 - 2027 (USD Million)
9.1.2. Asia Pacific Bedroom Furniture Market Overview, By Product, 2015 - 2027 (USD Million)
9.1.3. Asia Pacific Bedroom Furniture Market Overview, By Countries, 2015 - 2027 (USD Million)
9.1.3.1. India
9.1.3.1.1. Market size and projections, 2015 - 2027 (USD Million)
9.1.3.1.2. India Bedroom Furniture Market Overview, By Product, 2015 - 2027 (USD Million)
9.1.3.2. China
9.1.3.2.1. Market size and projections, 2015 - 2027 (USD Million)
9.1.3.2.2. China Bedroom Furniture Market Overview, By Product, 2015 - 2027 (USD Million)
9.1.3.3. Japan
9.1.3.3.1. Market size and projections, 2015 - 2027 (USD Million)
9.1.3.3.2. Japan Bedroom Furniture Market Overview, By Product, 2015 - 2027 (USD Million)
9.1.3.4. South Korea
9.1.3.4.1. Market size and projections, 2015 - 2027 (USD Million)
9.1.3.4.2. South Korea Bedroom Furniture Market Overview, By Product, 2015 - 2027 (USD Million)
9.1.3.5. Rest of Asia Pacific
9.1.3.5.1. Market size and projections, 2015 - 2027 (USD Million)
9.1.3.5.2. Rest of Asia Pacific Bedroom Furniture Market Overview, By Product, 2015 - 2027 (USD Million)
Chapter 10. Middle East & Africa Global Bedroom Furniture Market Overview, By Countries, 2015 - 2027 (USD Million)
10.1. Middle East & Africa Bedroom Furniture Market Overview, 2015 - 2027 (USD Million)
10.1.1. Market size and projections, 2015 - 2027 (USD Million)
10.1.2. Middle East & Africa Bedroom Furniture Market Overview, By Product, 2015 - 2027 (USD Million)
10.1.3. Middle East & Africa Bedroom Furniture Market Overview, By Countries, 2015 - 2027 (USD Million)
10.1.3.1. GCC
10.1.3.1.1. Market size and projections, 2015 - 2027 (USD Million)
10.1.3.1.2. GCC Bedroom Furniture Market Overview, By Product, 2015 - 2027 (USD Million)
10.1.3.2. South Africa
10.1.3.2.1. Market size and projections, 2015 - 2027 (USD Million)
10.1.3.2.2. South Africa Bedroom Furniture Market Overview, By Product, 2015 - 2027 (USD Million)
10.1.3.3. Rest of Middle East & Africa
10.1.3.3.1. Market size and projections, 2015 - 2027 (USD Million)
10.1.3.3.2. Rest of Middle East & Africa Bedroom Furniture Market Overview, By Product, 2015 - 2027 (USD Million)
Chapter 11. South America Global Bedroom Furniture Market Overview, By Countries, 2015 - 2027 (USD Million)
11.1. South America Bedroom Furniture Market Overview, 2015 - 2027 (USD Million)
11.1.1. Market size and projections, 2015 - 2027 (USD Million)
11.1.2. South America Bedroom Furniture Market Overview, By Product, 2015 - 2027 (USD Million)
11.1.3. South America Global Bedroom Furniture Market Overview, By Countries, 2015- 2026 (USD Million)
11.1.3.1. Brazil
11.1.3.1.1. Market size and projections, 2015 - 2027 (USD Million)
11.1.3.1.2. Brazil Bedroom Furniture Market Overview, By Product, 2015 - 2027 (USD Million)
11.1.3.2. Argentina
11.1.3.2.1. Market size and projections, 2015 - 2027 (USD Million)
11.1.3.2.2. Argentina Bedroom Furniture Market Overview, By Product, 2015 - 2027 (USD Million)
11.1.3.3. Rest of South America
11.1.3.3.1. Market size and projections, 2015 – 2026
11.1.3.3.2. Rest of South America Bedroom Furniture Market Overview, By Product, 2015 - 2027 (USD Million)
Chapter 12. Competitive Landscape
12.1. Competitive environment, 2020
12.2. Strategic framework
12.2.1. Partnership/agreement
12.2.2. Expansion
12.2.3. Mergers & Acquisitions
12.2.4. New Product & Pharmaceuticals & Bioproduct development
Chapter 13. Key Application Analysis
13.1. Bed Bath & Beyond Inc.
13.1.1. Company overview
13.1.2. Financial performance
13.1.3. Product & Pharmaceuticals & BioProduct Benchmarking
13.1.4. Recent initiatives
13.1.5. SWOT analysis
13.2. Williams-Sonoma, Inc.
13.2.1. Company overview
13.2.2. Financial performance
13.2.3. Product & Pharmaceuticals & BioProduct Benchmarking
13.2.4. Recent initiatives
13.2.5. SWOT analysis
13.3. Target Corporation.
13.4. Wayfair Inc.
13.5. Home Depot, Inc.
Chapter 14. Global Bedroom Furniture Market Cost Analysis
14.1. Global Bedroom Furniture Market Key Raw Materials Analysis
14.1.1. Key Raw Materials
14.1.2. Price Trend of Key Raw Materials
14.1.3. Key Suppliers of Raw Materials
14.1.4. Market Concentration Rate of Raw Materials
14.2. Proportion of Wing Cost Structure
14.2.1. Raw Materials
14.2.2. Labor Cost
14.2.3. Wing Expenses
14.3. Wing Process Analysis of Unsaturated Polyester Resin (UPR) for Composites
Chapter 15. Chain, Sourcing Strategy and Downstream Buyers
15.1. Global Bedroom Furniture Market Chain Analysis
15.2. Upstream Raw Materials Sourcing
15.3. Raw Materials Sources of Global Bedroom Furniture Market Major Manufacturers in 2019
15.4. Downstream Buyers
Chapter 16. Marketing Strategy Analysis, Distributors/Traders
16.1. Marketing Channel
16.1.1. Direct Marketing
16.1.2. Indirect Marketing
16.1.3. Marketing Channel Development Trend
16.2. Market Positioning
16.2.1. Pricing Strategy
16.2.2. Brand Strategy
16.2.3. Target Electrical Damage
16.3. Distributors/Traders List
Chapter 17. Market Effect Factors Analysis
17.1. Product & Pharmaceuticals & BioProduct Progress/Risk
17.1.1. Substitutes Threat
17.1.2. Product & Pharmaceuticals & BioProduct Progress in Related Industry
17.2. Oncology Needs/Customer Preference Change
17.3. Economic/Political Environmental Change
Chapter 18. Future Outlook of the Market
Disclaimer

List of Figures
1. Market segmentation
2. Value chain analysis
3. Porter’s Five Forces’ analysis
4. Power of Suppliers
5. Power of Buyers
6. Threat of New Entrants
7. Threat of Substitute
8. Competitive Rivalry
9. Global Bedroom Furniture Market share, By Product, 2020 & 2027 (%)
10. Global Bedroom Furniture Market share, By Product 2020 & 2027 (USD Million)
11. Global Bedroom Furniture Market share, by Beds, By Product, 2020 & 2027 (USD Million)
12. Global Bedroom Furniture Market share, by Wardrobe & Storage, By Product, 2020 & 2027 (USD Million)
13. Global Bedroom Furniture Market share, by Dressers & Mirrors, By Product, 2020 & 2027 (USD Million)
14. Global Bedroom Furniture Market share, by Others, By Product, 2020 & 2027 (USD Million)
15. Global Bedroom Furniture Market share, by region, 2020 - 2027(%)
16. Global Bedroom Furniture Market share, by region, 2019 - 2027(USD Million)
17. North America Global Bedroom Furniture Market, 2020 - 2027(USD Million)
18. North America Global Bedroom Furniture Market share, by Countries, 2020 & 2027 (%)
19. U.S. Global Bedroom Furniture Market, 2020 - 2027(USD Million)
20. Canada Global Bedroom Furniture Market, 2020 - 2027(USD Million)
21. Europe Global Bedroom Furniture Market, 2020 - 2027(USD Million)
22. Europe Global Bedroom Furniture Market share, by Countries, 2020 & 2027 (%)
23. Spain Global Bedroom Furniture Market, 2020 - 2027(USD Million)
24. UK Global Bedroom Furniture Market, 2020 - 2027(USD Million)
25. Italy Global Bedroom Furniture Market, 2020 - 2027(USD Million)
26. Germany Global Bedroom Furniture Market, 2020 - 2027(USD Million)
27. France Global Bedroom Furniture Market, 2020 - 2027(USD Million)
28. Rest of Europe Global Bedroom Furniture Market, 2020 - 2027(USD Million)
29. Asia-Pacific Global Bedroom Furniture Market, 2020 - 2027(USD Million)
30. Asia-Pacific Global Bedroom Furniture Market share, by Countries, 2020 & 2027 (%)
31. China Global Bedroom Furniture Market, 2020 - 2027(USD Million)
32. India Global Bedroom Furniture Market, 2020 - 2027(USD Million)
33. Australia Global Bedroom Furniture Market, 2020 - 2027(USD Million)
34. Japan Global Bedroom Furniture Market, 2020 - 2027(USD Million)
35. Rest of Asia-Pacific Global Bedroom Furniture Market, 2020 - 2027(USD Million)
36. Middle East & Africa Global Bedroom Furniture Market, 2020 - 2027(USD Million)
37. Middle East & Africa Global Bedroom Furniture Market share, by Countries, 2020 & 2027 (%)
38. GCC Global Bedroom Furniture Market, 2020 - 2027(USD Million)
39. South Africa Global Bedroom Furniture Market, 2020 - 2027(USD Million)
40. Rest of Middle East & Africa Global Bedroom Furniture Market, 2020 - 2027(USD Million)
41. South America Global Bedroom Furniture Market, 2020 - 2027(USD Million)
42. Brazil Global Bedroom Furniture Market, 2020 - 2027(USD Million)
43. Mexico Global Bedroom Furniture Market, 2020 - 2027(USD Million)
44. Argentina Global Bedroom Furniture Market, 2020 - 2027(USD Million)
45. Rest Of South America Global Bedroom Furniture Market, 2020 - 2027(USD Million)

List of Tables

1. Impact of Market drivers
2. Impact of Market restraints
3. Global Bedroom Furniture Market, 2020-2027 (USD Million)
4. Bedroom Furniture requirement, by country, 2020-2027, (USD Million)
5. North America Bedroom Furniture Market, By Product, 2020-2027 (USD Million)
6. Europe Bedroom Furniture Market, By Product, 2020-2027 (USD Million)
7. Asia Pacific Bedroom Furniture Market, By Product, 2020-2027 (USD Million)
8. Middle East & Africa Global Bedroom Furniture Market, By Product, 2020-2027 (USD Million)
9. South America Bedroom Furniture Market, By Product, 2020-2027 (USD Million)
10. Global Bedroom Furniture Market, Company Market Share, 2018 (%)
11. Bed Bath & Beyond Inc.: Product Benchmarking
12. Bed Bath & Beyond Inc.: Financial Performance
13. Williams-Sonoma, Inc.: Product Benchmarking
14. Williams-Sonoma, Inc.: Financial Performance
15. Target Corporation.: Product Benchmarking
16. Target Corporation.: Financial Performance
17. Wayfair Inc.: Product Benchmarking
18. Wayfair Inc.: Financial Performance
19. Home Depot, Inc.: Product Benchmarking
20. Home Depot, Inc.: Financial Performance

The Leading Key Players in Bedroom Furniture Market

Bed Bath & Beyond Inc.
Williams-Sonoma Inc.
Target Corporation
Wayfair Inc.
Home Depot Inc.
Ashley Furniture Industries Inc.
Heritage Home Group
La-Z-Boy
Mattress Firm Inc.
Herman Miller Inc.