Global Wall Bed Market, By Type (Single Bed, Double Bed), Application (Residential, Commercial), By Operation (Manual and Automatic), By Distribution Channel (Specialty Stores, Retail Stores, Online Stores), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights : Global Wall Bed Market
The wall bed market is expected to be growing at a growth rate of 6.60% in the forecast period of 2022 to 2029 and is likely to reach the USD 298.61 billion by 2029.
Wall beds, also known as murphy beds, are berths or sofas that are used for lying down, resting, or sleeping. These special-category beds may be turned into cupboards, seats, or tables or they can be pushed back into the wall to free up space. The modular way of living is putting more pressure on the growing wall beds.
The expansion of the wall bed market is being attributed to the emphasis of a rising number of people, according to the report. The growth of the wall bed market will be fuelled by population growth and a widespread acceptance of nuclear households. The increased pace of construction of motels, lodges, and hotels are decisive elements in the market's development. The ability of beds to transform adds a potential component to home décor. Wall beds can be converted to generate extra space, allowing other furniture and furnishings to be used. These elements will propel the market forward.
Moreover, the increase in the use of beds and the purchase of studio flats globally and emerging market will create lucrative market growth opportunities.
However, few restraints, such as the adaptability quotient, will hamper the market expansion. Because wall beds are attached to the wall using fasteners and hinges, the majority of tenants and renters overlook them. As they can't be relocated from one location to another, portability stifles market growth. The convenience of different sleeping furniture is also a challenge to market expansion.
This wall bed market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on wall bed market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Wall Bed Market Scope and Market Size
The wall bed market is segmented on the basis of type, distributing channels, operation and application. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product type, wall bed market is segmented into single bed and double bed.
- On the basis of application, the wall bed market is fragmented into residential and commercial.
- The operation segment for wall bed market includes manual operating system and automatic operating system.
- On the basis of distribution channel the wall bed market is bifurcated into specialty stores, retail stores, and online stores.
Wall Bed Market Country Level Analysis
The wall bed market is analysed and market size insights and trends are provided by country, type, distributing channels, operation and application as referenced above.
The countries covered in the wall bed market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the wall bed market due to the growing population and rising demand for innovative furniture in this region. Asia-Pacific is expected to grow during the forecast period of 2022-2029 due to the increasing ratio or migrants and tourism in this region.
The country section of the wall bed market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Wall Bed Market Share Analysis
The wall bed market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to wall bed market.
Some of the major players operating in the wall bed market are Murphy Wall Beds Hardware Inc., SICO Incorporated, Flying Beds International - Custom Murphy Beds, More Space Place, Inc., Wilding Wallbeds, Bedder Way Murphy Beds, Bestar Inc., Instant Bedrooms, Twin Cities Closet Company, B.O.F.F. Wall Bed, Wall Beds Manufacturing, Spaceman, among others.
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