DUBLIN — The "U.S. Bedroom Furniture Market Size 2024 - 2030" report has been added to ResearchAndMarkets.com's offering.

The U.S. bedroom furniture market size is expected to reach $72.48 billion by 2030, growing at a CAGR of 6.3% from 2024 to 2030

The growing trend of home improvement and renovation projects is encouraging homeowners to invest in upgrading their bedrooms. This includes replacing old beds, dressers, and nightstands, among others, with newer, more stylish, and functional ones. Moreover, consumers increasingly prioritize comfort, aesthetics, and functionality in their bedrooms, driving the demand for bedroom furniture products tailored to individual preferences and lifestyles.

High homeownership rates and home renovation projects have encouraged homeowners to invest in high-quality furniture that complements their bedrooms and living spaces. According to the U.S. Census Bureau, the homeownership rate in the U.S. was 65.7% as of the fourth quarter of 2023.

In the U.S. market, environmental concerns and sustainability issues are gaining importance, with consumers increasingly seeking eco-friendly furniture options. This shift in consumer preferences poses a challenge for traditional furniture manufacturers who may not have sustainable practices in place.

Report highlights:

• The market is projected to grow at a significant CAGR in the forecast period. Rising consumer spending, increased urbanization, e-commerce growth, and trends towards home aesthetics and functionality are pushing the industry.
• Beds accounted for a majority market share in 2023. These are the central and most essential pieces in any bedroom setup. As the primary item for rest and comfort, consumers prioritize investing in high-quality beds, often making them the focal point of bedroom furniture purchases.
• U.S. bedroom furniture priced between $500-$999 accounted for a sizable portion of the industry in 2023. Products in this range strike a balance between affordability and quality. Consumers in this segment can find well-made, stylish, and durable pieces without the high costs associated with premium furniture.
• Demand through online channels for bedroom furniture in the U.S. is expected to rise at a substantial CAGR from 2024-2030. This is due to the convenience of shopping from home, a broader selection of products, and the ability to compare prices and reviews easily. Additionally, advancements in augmented reality (AR) technology allow consumers to visualize furniture in their spaces before purchasing, enhancing the online shopping experience and driving demand.