By the Numbers: $187B, 60%, $21B

By the Numbers is a monthly column providing facts and figures on the woodworking industry. 

By the Numbers is sponsored by IMA Schelling Group

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$187.1 billion: Projected size of the global bedroom furniture market by 2033, growing at a CAGR of 4.7% (2025-2033). According to Research and Markets’ Bedroom Furniture Market Report, the growth will be driven by increasing consumer demand for stylish and functional home designs, a heightened focus on home aesthetics and comfort, along with the rising influence of online shopping trends.

 

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60%: Percent of shoppers who visit brick-and-mortar stores to discover new products, outranking online marketplaces (57%), according to Salsify’s 2026 Consumer Research Report. Social platforms (52%) place third as the most used discovery channel by U.S., Canadian, and UK consumers.

 

Photo by Lotus Design N Print on Unsplash

$20.7 billion: Global cabinet hardware market’s projected size by 2033, according to Market.us, growing at a CAGR of 7.1% during the forecast period (2024-2033). The residential segment accounted for 57.5% of the market in 2023, with pulls/handles the largest product segment, and metal the dominant hardware material.

 

By the Numbers is sponsored by IMA Schelling Group

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About the author
Karen Koenig | Editor

Karen M. Koenig has more than 35 years of experience in the woodworking industry, including visits to wood products manufacturing facilities throughout North America, Europe and Asia. As senior editor, her responsibilities include writing and editing for Woodworking Network publications FDMC Magazine and Closets & Organized Storage Magazine, as well as the website. She also oversees many of Woodworking Network's special projects and programs, including Red Book: Resource Guide for Best Practice, FDMC 300, 40 Under 40, and the Wood Industry Market Leaders. She can be reached at [email protected].