The Bedroom Furniture Market to Exhibit a Decent CAGR of 3.9% by 2032

NEW CITY, N.Y. - Sept. 8, 2022 - PRLog -- The global bedroom furniture market size was valued at USD 123.26 billion in 2021 and is estimated to grow at a compound annual growth rate (CAGR) of 3.9% from 2023 to 2032.

The Bedroom Furniture market is driven by shifting consumer preferences toward high-end furnishings due to technological advances in home furnishing. Additionally, there is an increase in bedroom furniture demand due to the growing popularity of mini-housing. With a rising per capita income, especially in developing countries, easy access and digital tools have transformed traditional households into high-end luxury residential homes.

Bedroom furniture includes a combination of comfortable beds and drawers, as well as wardrobes, to create a peaceful sanctuary that meets the needs of all end users.

Traditional furniture is becoming increasingly popular as they provide a decorative atmosphere to the bedroom. The furniture market is growing because of increased real estate investment.

Driving Factors

Market growth is driven by several key factors, including shifting consumer preference for high-end furniture products due to technical advancements in home furnishing.

Key Market Players

Bed Bath & Beyond Inc.

Williams-Sonoma, Inc.

Target Corporation

Wayfair Inc.

Home Depot, Inc.

Ashley Furniture Industries, Inc.

Heritage Home Group

La-Z-Boy

Other Key Players

Key Market Segments

By Product

Night Stands

Beds

Dressers & Mirrors

Wardrobe & Storage

Other Products

By Distribution Channel

Online

Offline
source: bedroom furniture market (https://market.us/report/bedroom-furniture-market/)