Report ID: UCMIG25F2013
Report ID:
UCMIG25F2013 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global bedroom furniture market was valued at USD 220.6 billion in 2019 and is expected to increase at a CAGR (compound annual growth rate) of 4.5% from 2020 to 2027. One of the main factors that propel the bedroom furniture market growth is changing consumer preference toward high-end furniture products, spurred by technological advancements in the home furnishing industry. Another contributing factor is the rise of mini-housing, which is leading to an increased demand for bedroom furniture worldwide.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Home Furnishings by segment aggregation, the contribution of the Home Furnishings in Consumer Durables & Apparel and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG25F2013