Bedroom Furniture Market Will Generate Record Revenue by 2028

 

The global bedroom furniture market is anticipated to grow at a CAGR of 3.5% during the forecast period (2022-2028). Several medium and high-income customers are acquiring household items, that is likely to enhance the bedroom furniture market as the household sector grows along with disposable income.

Furthermore, the bedroom furniture market is driven by an improvement in the standard of living and a growing tourism sector in emerging countries across the globe. This would result in a huge increase in the demand for bedroom furniture in hotel rooms to meet the needs of guests. As a result of the increased demand for hotel furniture, the bedroom furniture business would benefit. According to India Brand Equity Foundation, Foreign visitor arrivals (FTAs) in India reached 10.93 million in 2019, an increase of 3.5% year on year. International hotel chains are expanding their footprint in India, and in 2020, they own a 47% share of the country’s tourist and hospitality sector, rising to 50% by 2022.

Some of the key players profiled in the study are: Ashley Furniture Industries, Inc., Bed Bath & Beyond Inc., IKEA, Wayfair Inc., and Williams-Sonoma Inc. among others.

Bedroom Furniture Market Segmentation:

By Product Type 

• Beds
• Mattresses
• Closets, Nightstands & Dressers

By Distribution Channel

• Supermarkets & Hypermarkets
• Specialty Stores
• Online
• Offline

Geographic Coverage

• North America Market Size and/or Volume
• Latin America Market Size and/or Volume
• Europe Market Size and/or Volume
• Asia-Pacific Market Size and/or Volume
• Rest of the world Market Size and/or Volume

Key questions answered in this report:

• What is the size of the Bedroom Furniture market and what is its expected growth rate?
• What are the primary driving factors that push the Bedroom Furniture Market forward?
• What are the Bedroom Furniture Industry’s top companies?
• What are the different categories that the Bedroom Furniture Market caters to?
• What will be the fastest-growing segment or region?
• In the value chain, what role do essential players play?
• What is the procedure for getting a free copy of the Bedroom Furniture Market sample report and company profiles?