Bedroom Furniture - Australia

Australia

In Australia, the revenue generated in the Bedroom Furniture market in 2024 amounts to AUD US$2bn.
It is projected that the market will experience an annual growth rate of 5.31% (CAGR 2024-2029).
When comparing the revenue on a global scale, United States is the leading contributor, generating US$46,500m in 2024.
Looking at the per capita figures, in 2024, the revenue per person in Australia's Bedroom Furniture market is AUD US$78.52.
Australia's growing interest in sustainable and eco-friendly bedroom furniture is driving a shift towards locally sourced and ethically produced products.

Key regions: Denmark, France, Worldwide, Germany, United States

Definition:

The Bedroom Furniture segment refers to those movable objects that are designed to be used in a bedroom, which is typically a space used for sleeping, dressing, and storage. It includes items such as beds, dressers, nightstands, and wardrobes, which are intended to make the room comfortable, functional, and aesthetically pleasing.

Structure:

The Bedroom Furniture segment is divided into four subsegments:

The Beds subsegment refers to furniture designed primarily for sleeping, which typically consist of a frame and mattress. This subsegment focuses on the frame and covers additional elements such as headboards, footboards, or storage drawers.
The Mattress subsegment refers to the long rectangular pad that is placed on top of a bed frame and is used to provide a comfortable sleeping surface. Mattresses come in a wide variety of sizes, from twin to king, and levels of firmness to suit individual preferences.
The Closets, Nightstands, & Dressers subsegment includes a range of storage furniture designed for bedrooms. These pieces are used to store and organize clothing, linens, and personal items, providing both functional and aesthetic value to the space.
The Bedding subsegment refers to products designed to enhance the comfort and functionality of a bed, including sheets, blankets, comforters, pillows, and mattress toppers. These products are available in a range of materials, styles, and sizes to suit individual preferences and needs.

Additional Information:

The Bedroom Furniture segment consists of revenue and average revenue per capita data. Per capita figures consider the whole population. This segment includes only business to consumer (B2C) sales. Business to business (B2B) sales (e. g., furniture for coffee shops, offices, etc.) are excluded in the figures shown. For more information on the displayed data, click the info button on the right-hand side of each box. In terms of key players in the furniture market, IKEA is the leading furniture company; however, with the rise of eCommerce, players such as Wayfair are gaining ground.

Market

Region

Region comparison

Currency

Analyst Opinion

The Bedroom Furniture market in Australia has been experiencing steady growth in recent years, driven by changing customer preferences, emerging trends, and local special circumstances.

Customer preferences: in the Bedroom Furniture market in Australia have shifted towards modern and minimalist designs. Customers are increasingly looking for furniture that is functional, space-saving, and aesthetically pleasing. This trend is influenced by global design movements and the growing popularity of smaller living spaces in urban areas. Additionally, customers are placing a greater emphasis on sustainability and eco-friendly materials, leading to an increased demand for furniture made from renewable resources. Trends in the Bedroom Furniture market in Australia are also influenced by global market trends. One notable trend is the rise of e-commerce, which has revolutionized the way customers shop for furniture. Online retailers offer a wide range of options, competitive prices, and convenient delivery options, making it easier for customers to find and purchase bedroom furniture. This trend has led to increased competition among retailers, both online and offline, as they strive to attract and retain customers. Another trend in the Bedroom Furniture market in Australia is the growing demand for customized and personalized furniture. Customers are increasingly looking for unique pieces that reflect their individual style and personality. This trend is driven by the desire for self-expression and the growing influence of social media, where customers are exposed to a wide range of design inspirations. As a result, furniture retailers are offering more customization options, such as different colors, finishes, and materials, to cater to this demand.

Local special circumstances: also play a role in shaping the Bedroom Furniture market in Australia. The country's aging population and changing demographics have led to an increased demand for furniture that is designed to meet the needs of older adults. This includes features such as adjustable beds, ergonomic designs, and easy accessibility. Additionally, australia's strong housing market and high levels of homeownership have contributed to the growth of the Bedroom Furniture market, as homeowners invest in upgrading and renovating their bedrooms. Underlying macroeconomic factors also impact the Bedroom Furniture market in Australia. Economic growth, consumer confidence, and household spending are key drivers of demand for furniture. As the economy grows and disposable incomes increase, consumers are more likely to invest in new furniture. However, factors such as interest rates, inflation, and exchange rates can also influence consumer spending patterns and affordability. Overall, the Bedroom Furniture market in Australia is experiencing growth due to changing customer preferences, emerging trends, local special circumstances, and

Underlying macroeconomic factors:. Retailers in this market need to stay abreast of these developments and adapt their strategies to meet the evolving needs and preferences of customers.

Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are based on home furnishings and furniture found in every room of the home. This market is segmented by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen and Dining room, Bathroom, Outdoor, and Home Office. The Furniture market also includes Lamps and Lighting and Home Decor because the furnishings and accessories within these segments are not specific to any room.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as consumer spending and GDP. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing is well suited for forecasting the Furniture market with a projected steady growth. The main drivers are furniture and furnishings, carpets and other floor coverings, and consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.