11-Aug-2020 | Zion Market Research
Zion Market Research has published a new report titled “Bedroom Furniture Market: Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 - 2026.” According to the report, the Global Bedroom Furniture Market accounted for USD 219.5 Billion in 2016 and is expected to reach USD 301.4 Billion by 2026, growing at a CAGR of around 4.63% between 2020 and 2026.
Browse the full “Bedroom Furniture by Product (Beds, Wardrobe & Storage, Dressers & Mirrors, and Other Products) Market by Distribution Channel (Offline, Online) by Material (Metal, Solid & Engineering Wood, Other Materials): Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 - 2026..” Report at https://www.zionmarketresearch.com/report/bedroom-furniture-market
The global bedroom furniture market is expected to witness significant growth over the forecast period on account of the shift in consumer preference towards high-end furniture products due to the product enhancements in the home furnishing market space. Products such as relaxing beds integrated with coordinating bedside tables, drawers and wardrobes typically are part of the bedroom furniture. Today, the furniture with traditional artifacts is becoming quite popular among the consumers as they enhance the decorative style of the bedroom.
The rising household sector across the globe, coupled with the rise in number of the middle and high-income consumers purchasing household goods is expected to boost the bedroom furniture market during the forecast period. Rapid rise in demand for multifunctional bedroom furniture is expected to drive the market across the globe. Furthermore, the rising number of single-person households is also propelling the market growth across the globe. Also, an improvement witnessed in the standard of living across the globe, and the rising tourism in developing countries is expected to bolster the growth of bedroom furniture market over the forecast time period. This is anticipated to create substantial demand for bedroom furniture in hotels to cater the rising number of tourists.
On the basis of product, the global bedroom furniture market has been segmented into beds, wardrobe & storage, dressers & mirrors, and other products. Among these, beds dominated the market in 2019. This can be attributed to the rising urbanization in developing nations such as India, China, and Brazil. Owing to rapid urbanization in these countries, the construction of a lot of residential buildings is taking place at a rapid pace, which is anticipated to drive the bedroom furniture market growth over the forecast timeframe
On the basis of distribution channel, the global bedroom furniture market has been segmented into offline and online. In terms of revenue, offline distribution channels dominated the market in 2019. This is because of the dominance of retail stores in the bedroom furniture market. This offline preference for buying bedroom furniture has created intense competition among the major manufacturers across the globe such as La-Z-Boy, Raymour & Flanigan Furniture, IKEA, and Williams-Sonoma.
The key players operating in the global bedroom furniture market are Ashley Furniture Industries, Century Furniture, Hillsdale Furniture, Hooker Furniture, Kincaid Furniture, La-Z-Boy, Legends Furniture, Pulaski Furniture, Tropitone Furniture, and Vaughan-Bassett Furniture Company, among others.
This report segments the global bedroom furniture market as follows:
Global Bedroom Furniture Market: Product Segment Analysis
Global Bedroom Furniture Market: Distribution Channel Segment Analysis
Global Bedroom Furniture Market: Material Segment Analysis
Global Bedroom Furniture Market: Regional Segment Analysis
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651