Global Bedroom Furniture market will reach 164000 million US$ by the end of 2025

Publisher: QYResearch

Published Date: 2019/7/9

Bedroom furniture, sometimes called a bedroom set or bedroom suite consists of a group of furniture in a bedroom or sleeping quarters. Pieces of furniture referred to as bedroom furniture usually include: beds, wardrobes, dressers, chests, nightstands, armoires, vanities, trunks, and mirrors. There are also many variations of these pieces as furniture styles have changed through time and as individual manufacturers have put their own spin on them.

In the coming years there is an increasing demand for bedroom furniture in the regions of Asia Pacific, North America and Europe that is expected to drive the market for more high-quality bedroom furniture. Growth in residence income in the principal countries, increasing of consuming expenditures, more-intense competition, launches in introducing new products, retrofitting and renovation of old technology, increasing adoption of bedroom furniture will drive growth in North America and Europe markets.

Globally, the bedroom furniture industry market is very fragmented as the manufacturing technology of bedroom furniture is relatively matures than some high-tech equipment. And some enterprises, like IKEA, Ashley Furniture Industries, Steinhoff, Suofeiya Home Collection, NITORI, Sleemon, La-Z-Boy, Quanyou Furniture, Vaughan-Bassett Furniture, Hooker Furniture, Sauder Woodworking, Nolte Group, Klaussner Home Furnishings, Markor International Home Furnishings, Airsprung Group, etc. are well-known for the wonderful performance of their bedroom furniture and related services. At the same time, United States reach to 48.57 billion USD in bedroom furniture industry, occupied 40.09% consumption market share in 2017, is remarkable in the global bedroom furniture industry because of their market share and technology status of bedroom furniture.

The product average price declined in the past few years due to the technology development, the average price will keep the trend in the few future years due to increasing mature manufacturing technology and lowing cost of raw materials.

The global Bedroom Furniture market was 130900 million US$ in 2018 and is expected to 164000 million US$ by the end of 2025, growing at a CAGR of 3.3% between 2019 and 2025.

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