Wall Bed Market - Global Industry Analysis, Size, Share, Growth Opportunities, Future Trends, Covid-19 Impact, SWOT Analysis, Competition and Forecasts 2022 to 2030
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 Bed Market Overview:
A wall bed is also known as a fold-out or pull-down bed that can be mounted on a wall either vertically or horizontally. These beds are made of steel or wood and are rapidly gaining popularity. Wall beds are used to create space in bedrooms. Folding the wall bed creates more space and makes it easier for people to use. These types of beds are best for studio apartments and homes where space is at a premium. The closet bed has a spring mattress and metal frame.
Wall beds are very comfortable as the mattress over the beech slats provides comfort and support to the mattress. Smaller sized rooms and increasing population density as population shifts from rural to urban areas favor wall mounted beds market growth. Foldable beds are increasing market demand as they can be used for multiple purposes in the same room. A wall mounted bed can make a room look better by creating more space, and it also enhances the aesthetics of the room.
Upholstery trends will also boost the demand for the wall mounted bed market. House furnishing companies are using these types of beds to create invisible beds in the room. In addition, the bed has a new design and various lighting systems to make the bed more usable. With the help of advanced technology, wall beds integrate with cabinets to provide storage space. Additionally, these beds can be operated remotely and there are also automatic wall-hung beds with sensors. Some automatic wall beds also feature advanced technology that makes it easy to fold and unfold the bed.
Wall Bed market size, estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Wall Bed market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.
Major Segments Covered in the Global Wall Bed Market:
Market Key Players:
Wilding WallbedsMurphy Wall Beds HardwareSICO Inc.Clever (Homes Casa)FlyingBeds InternationalClei (Lawrance)The London Wallbed CompanyThe Bedder Way Co.More Space PlaceLagramaBESTAR inc.Instant BedroomsTwin Cities Closet CompanyMurphy Bed USAB.O.F.F. Wall BedWall Beds ManufacturingSpaceman, And Others.
Wall Bed Market by Types:
- Single Wall BedDouble Wall Bed
Wall Bed Market by Applications:
Wall Bed Market by Regions:
The report estimates revenue growth at the worldwide, regional and country level and delivers analysis of the recent industry trends in each sub-segment from 2017 to 2030.
North America is expected to hold a major share of the global wall bed market during the forecast period. This can be attributed to the increase in the number of nuclear families and the growing culture of children living away from home in studio apartments in the region. Furthermore, this can be attributed to the increasing number of international students coming to countries such as the US and Canada, where they live in shared apartments, where space utilization becomes an important factor. For example, according to the "Current Population Survey" released by the U.S. Census Bureau in November 2019, the total number of households reported in the United States in 2019 was 1,28,579. family. According to the same source, the number of households in the US with 2 people living together was 44,373 in 2019, and the number of households with only 1 person was 36,479.
Asia Pacific has the most populous countries in the region such as India and China. In these countries, the availability of land is low compared to the country's population, which leads to higher population densities compared to countries in other regions. For example, according to the World Population Prospects 2019 released in August 2019, Asia had the highest population density of any region in 2018. In 2016, the population density of Asia increased from 144.3 people per square kilometer to 147.0 people per square kilometer. In 2018, it is expected to increase to 149.6 people per square kilometer by 2020.
- North America
- Rest of North America
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia-Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
Significant Market Dynamics:
Drivers and Restraints:
Increasing number of nuclear families and individuals staying at home alone is expected to positively impact the growth of the wall bed market
Availability of substitutes is expected to hamper the growth of the market
The availability of various products for wall-mounted beds such as bunk beds, beds with side tables, and beds with storage options, among others, is expected to drive its demand. Manufacturers are focusing on offering innovative products to appeal to the consumer segment, such as lighter weight wall bed design options, wall beds with antimicrobial protective coatings, and wall beds that can be operated with a remote control. This in turn is expected to positively impact the growth of the market.
A growing world population coupled with rising living standards has resulted in a need for better housing. For example, the world population was 7.6 billion in 2017 and is expected to reach 8.6 billion by 2030, according to the United Nations. Therefore, the growing population leads to the need for efficient space utilization solutions. Wall beds allow for maximum utilization of available space and this is expected to drive the demand for the global wall beds market over the forecast period.
The number of nuclear families and number of people staying alone at home is increasing globally, which is expected to drive the demand for the wall bed market. People who live alone need to use space and money efficiently, and wall beds offer an alternative to buying different beds, desks, and wardrobes, as all three can be contained in one wall bed unit, saving space and money at the same time. For example, in the UK, the number of people living alone in their home increased from 7.7 million in 2018 to 8 million in 2018, according to the ONS article The Cost of Living Alone, published in April 2019. 2017. Furthermore, according to the same source, the number of single-person households in the UK is expected to reach 10.7 million by 2039.
In addition, rising awareness about home decor and home decor, variety of design options to choose from, such as vertical or horizontal and wood finish or metal finish wall beds, and availability of wall bed products customized to architectural requirements are expected A particular house will have a positive impact on the growth of the market.
However, there are options on the market that are versatile and offer more storage space, such as sofa beds and rollaway beds. Hence, this factor is expected to hinder the growth of the global wall bed market.
Report Scope of Global Wall Bed Market:
CAGR of 6.6% from 2022 to 2030.
Single Wall BedDouble Wall Bed
Wilding WallbedsMurphy Wall Beds HardwareSICO Inc.Clever (Homes Casa)FlyingBeds InternationalClei (Lawrance)The London Wallbed CompanyThe Bedder Way Co.More Space PlaceLagramaBESTAR inc.Instant BedroomsTwin Cities Closet CompanyMurphy Bed USAB.O.F.F. Wall BedWall Beds ManufacturingSpaceman
Regions and Countries Covered
2017 to 2022
2023 to 2030
Points Covered in the Report
- The points that are discussed within the report are the major market players that are involved in the Market such as Market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
- The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analyzed 12 years of data history and forecast.
- The growth factors of the Market are discussed in detail wherein the different end users of the Market are explained in detail.
- Data and information by Market player, region, type, application and etc., and custom research can be added according to specific requirements.
- The report contains the SWOT analysis of the Market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.
Frequently Asked Questions-
What is the CAGR of Wall Bed market?
The Wall Bed Market is growing at a CAGR of 6.6% During Forecast Period.
What are the key types of Wall Bed market?
Single Wall BedDouble Wall Bed
What are the key applications of Wall Bed market?
Who are the key players in Wall Bed market?
Wilding WallbedsMurphy Wall Beds HardwareSICO Inc.Clever (Homes Casa)FlyingBeds InternationalClei (Lawrance)The London Wallbed CompanyThe Bedder Way Co.More Space PlaceLagramaBESTAR inc.Instant BedroomsTwin Cities Closet CompanyMurphy Bed USAB.O.F.F. Wall BedWall Beds ManufacturingSpaceman, And others.
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Note – In order to provide a more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19 and the Russia-Ukraine war.