Research and Markets has announced the addition of the "Global Bedroom Furniture Market 2016-2020" report to their offering.

The global bedroom furniture market to grow at a CAGR of 3.4% during the period 2016-2020.

Global Bedroom Furniture Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the present scenario and the growth prospects of the global bedroom furniture market for 2016-2020. To calculate the market size, the report takes into account revenue generated from retail sales of ready-to-use home bedroom furniture and is inclusive of upholstered furniture, mattresses, and supporters. The report also includes a discussion of the key vendors operating in this market.

The global bedroom furniture industry is highly fragmented. It is also labor-intensive and includes craft-based local firms and mass volume producers and retailers. With the emergence of flat-pack and ready-to-assemble (RTA) furniture, mass production has become viable, allowing for larger quantities of shipments.

The rising demand for multifunctional furniture to bolster the growth prospects of this market in the coming years. With an expanding global population, the real estate prices have plummeted significantly in most parts of the world, especially in cities and urban areas. This has led to a considerable reduction in house sizes. As rooms are getting smaller, consumers are increasingly looking for furniture that is compact and easily movable to allow for efficient use of the available space. To cater to such requirements, vendors have introduced multifunctional furniture with storage facilities. Most modern furniture products like tables and beds come with additional storage spaces.

According to the report, customers are changing their buying patterns in accordance with evolving home and living concepts and trends. They are investing increasingly in remodeling bedrooms in the latest interior design styles, reducing the effect of the long product replacement cycles in the market substantially. Home style, lifestyle, and fashion magazines and blogs influence customers.

Further, the report states that in global trade (export or import), fluctuations in foreign currency exchange rates and the relative value of the currency used can have significant effects on profit margins.

(Source: Research and Markets)