Bedroom furniture’s article that are used to make bedroom suitable for living, bedroom furniture are includes beds, beside tables, recliners, closet, nightstands and dressers. Bedroom furniture are available in various design and size according to requirement of people, modern bedroom furniture offers great storage space in bed and table that act as space saver in compact and small bedrooms. Bedroom furniture market has shown a significant growth in last few years as rapid rise in use of bedroom furniture in renovation activities of bedrooms, many key players have introduced hydraulic bed and base adjustable bed that performs different functions and helps deliver aesthetic appearance to bedroom. Rise in use of multifunctional beds in compact homes and innovation in bedroom bed in regular interval is major factor in growth of global bedroom furniture market and expected to be more inclining in forecast period.
COVID-19 Impact Analysis
- During COVID-19, globally many industries suffered from economic crises. The pandemic hampered the global bedroom furniture market.
- To control spread of corona virus diseases, nation-wide lockdown was imposed by government resulted in huge disruption in supply chain of raw material and looming of production cycle of bedroom furniture. Restraints were imposed by government on several furniture stores and brand stores that led to great hampering in demand of bedroom furniture.
- Many student and working professional started migrating back to their native as many educational institution and offices are opting online modes work and education purpose that led to great decline in demand of furniture rental services. Commerce has playing vital role in uplifting supply chain of bedroom furnitureas it helps to cover wider range and cater demands of customer. Online shopping method is gaining prominence among people as they are hesitating and avoiding to going for in store purchases to control spread of corona virus diseases.
Top Impacting Factors-
Rise in urbanization on large scale led to rise in demand of construction industries. In many metropolitan cities there is lack of construction space that is resulted in rise design of compact and small residential homes. Many builders and contractors are building compact homes that have small bed room and limited amenities, people have started opting smart and multifunctional bedroom furniture sets such as tables and beds with storage cabinets. Multi-functional furniture sets offers great storage capacity and act as space saver in case of compact homes. Rise in development of small and compact residential projects led to rise in demand of multifunctional bedroom furniture sets, these is a key factor in growth of global bedroom furniture market.
In last few years renovation activities is rapidly increasing among household sectors, rise in disposable income of consumers led rise in spending capacity of consumer on home products such as modern bedroom furniture. With the changing lifestyle of people, they have become more interested in modern and vintage bedroom furniture as it offer aesthetic appearance to bedroom and helps upgrade to standard of living. Bedroom furniture plays vital role in designing of bedroom interiors, as it helps to make tuning of bedroom furniture with bedroom ambiences and enhance beauty of bedroom interior. Many interior designers are using designer beds such as upholstered beds with velvet tufting; they are also using modern bedroom closet and tables that has different lights and great storage capacity. Rise in use for modern and vintage bedroom furniture in renovation activities is key driver in growth of global bedroom furniture market.
Key player are highly investing in innovation of products and engaged with research &development process, to offers improvised and innovative products to catering demand of consumers and to compete with competitors and rival products. Key players have introduced many modern and multifunctional bedroom furniture sets that help to increase storage space and minimize the use of energy and market it effortless.
They have introduced beds and other closet with hydraulic lifting technology that eliminate need of holding heavy plywood and makes storing activity easy and convenient. Key players have also introduced comfortable upholstered bed with adjustable bed bases, they have added many unique and essential features in bed such as head and foot massage feature that is operated with wireless remotes and USB ports for mobile charging and other purposes. Innovation in bedroom beds is a prominent factor in growth of global bedroom furniture market.
Market Trends
Rise in Growth and Acceptance of Online Furniture Shopping Platforms
People have become more depend on online shopping platforms for shopping of home products, as everything is available on online shopping platforms and made shopping effortless whether it is grocery or bedroom furniture. Many key players have grabbed these opportunities and started offering branded and modern bedroom furniture via online distribution channel, they have introduced their own application and websites through which customer are able to place order from anywhere and anytime .
Rise in Trend of Rental Furniture.
Many people those who have migrated in different cities for short periods of time for higher educational or job purposes are using furniture rental services. These furniture rental services offers furniture sets on rents at affordable prices, these furniture rental services also offers pickup and drop up facilities of furniture from warehouse or shop to consumers home. Furniture rental services have become a profitable business as people are widely using furniture rental services in metropolitan cities. Furniture rental services are major user of bedroom furniture, Rapid rise in demand of furniture rental services is prime factor that is fuelling growth of global furniture market.
Key Benefits of Report-
- This study presents the analytical depiction of the bedroom furniture industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the bedroom furniture market share.
- The current market is quantitatively analysed to highlight bedroom furniture market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides detailed bedroom furniture market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions Answered in the Bedroom Furniture Market Research Report
- Who are the leading market players active in the bedroom furniture market?
- What current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
- What is the bedroom furniture market prediction in the future?
- Which will be the niches at which players profiling with recent advancements should set a presence?
- What are the current trends and predicted trends?
Bedroom Furniture Market Report Highlights
| Aspects | Details |
 By Product Type |
|
 By Price Point |
|
 By Material |
|
 By Style |
|
 By End User |
|
 By Distribution Channel |
|
 By Region |
|
 Key Market Players | LaZBoy Inc.,, Restoration Hardware Inc., Home Depot, Inc., Herman Miller Inc, Wayfair Inc, Target Corporation, Williams-Sonoma, Inc., Inter IKEA Holding BV, Bed Bath & Beyond Inc, Legends Furniture Inc., Century Furniture LLC, Abbyson Living LLC, Ashley Furniture Industries Inc |
Loading Table Of Content...
