Regarding furniture in the bedroom, the market is hot right now. Beds, eco-friendly furniture, and minimalism are all trends in demand. According to the latest Furniture Trends report from Euromonitor International, the market is dominated by Asia Pacific and Europe. Its top trend is the minimalist style.
Beds dominate the market.
Beds primarily dominate the bedroom furniture market. This segment is expected to experience significant growth in the future. Several factors are driving the market. These include increasing demand for living space and work-friendly furniture.
In addition, short term furniture rental for multifunctional furniture is also expected to boost the market. Moreover, consumers are focusing on creating greener homes.
Increasing disposable income has led to an increase in the purchasing power of consumers. As a result, they are spending more on a more comfortable lifestyle. Similarly, the availability of various brands and online shopping has contributed to the popularity of bedroom furniture.
Rapid urbanization in developing countries is leading to the increased construction of residential households. Moreover, governments are providing more support to the housing sector. This will encourage consumers to remodel their interiors. Moreover, high standards of living have increased the demand for bedroom furniture.
The market for bedroom furniture needs to be more cohesive. The primary furniture manufacturers and retailers are competing with each other. However, smaller players are also expanding their presence in the market.
Bedroom furniture is manufactured using a variety of materials. It includes beds, wardrobes, drawers, and shelves. Several companies are focusing on sustainability factors. In addition, companies are adopting innovative technologies and designing bedroom furniture in a manner that draws consumers’ attention.
Europe is the dominant region in the global bedroom furniture market. The market will grow at a CAGR of 4.6% between 2023 and 2032.
Minimalism is a top trend.
Minimalism has become one of the hottest trends in interior design. Many of the top architects and designers have adopted this aesthetic. Many homeowners are turning to minimalism when renovating. The minimalist style is easy to achieve and is perfect for removing distractions and excess decorations.
Minimalist bedroom ideas can include a few modern accessories. It’s a good idea to use bright colors. This is especially true if you’re trying to create an ambiance of calm. For example, a white sheepskin rug can add character.
Keeping it simple is the key to a successful minimalist bedroom. A few storage solutions are also necessary. These can include under-bed storage, coffee tables with extra drawers, and sofas with pull-out compartments.
Using natural light is a must. This can be achieved by installing large mirrors or skylights. You could also incorporate the new trend of atrium windows. Alternatively, add a few bare windows and a couple of floor-to-ceiling glass sliding doors.
Embossed wallpaper and faux fur cushions are two great ways to introduce texture. However, it would help if you also considered the more subtle nuances of the design.
A minimalist bedroom can be made to feel more like a room within a room with a canopy bed. This makes the entire space feel roomier.
Eco-friendly furniture is in demand.
If you’re looking for new bedroom furniture, look no further. Eco-friendly items are in high demand right now. These products will not only save you money, but they will also promote a healthy, environmentally friendly lifestyle.
Many manufacturers are starting to produce modern pieces made from sustainable materials. As a result, the market for environmentally friendly furnishings is set to double by 2027.
One example is Burrow, a brand that manufactures sofas in the US. The company is transparent about its manufacturing process and aims to support local craftspeople.
Another is North Carolina, a homegrown brand with an IKEA-inspired DIY approach. Their reclaimed wood furniture features natural cracks and knots. Using locally sourced materials also reduces shipping costs.
What is more is the Oeko-Tex(r) certification, which means the fabric is free of harmful preservatives. This means that it is at least as eco-friendly as the furniture itself.
You might not know it, but most high-end furniture designs are a big splurge. However, some companies are making innovative use of recycled plastic, which is a step in the right direction.
Buying an eco-friendly product can be daunting. That’s why it’s essential to educate yourself about the best choices. You can avoid buying a dud and help the environment by doing so.
One good way to do this is by shopping for environmentally friendly items from local retailers. Choosing locally produced items is a win-win: it helps the local economy and cuts down on shipping waste.
Asia Pacific dominates the market.
The Asia Pacific region was the largest segment in the global bedroom furniture market in 2020. This is attributed to the increasing demand for bedroom furniture from consumers. Moreover, developing nations’ rising real estate sector contributes to market growth.
In addition, the market’s growth is expected to continue with a CAGR of 5.7% from 2020 to 2027. As a result, the online distribution channel is projected to be the fastest-growing segment during the forecast period.
The rapid growth of retail e-commerce compared to brick-and-mortar businesses will likely provide opportunities for furniture brands. Moreover, the rising consumer preference for high-end products has also increased bedroom furniture demand.
Bedroom furniture is a group of products that comprises beds, wardrobes, and coordinating bedside tables. These products are offered in different forms and designs. Modern furniture provides customization and space-saving features. It also improves the interior design of living spaces.