North America Wall Bed Market, By Operation (Manual and Automatic), Type (Single Bed and Double Bed), Distribution Channel (Online and Offline), End Use (Residential and Non-Residential), Country (U.S., Canada, and Mexico), Industry Trends and Forecast to 2029
Market Analysis and Insights : North America Wall Bed Market
North America wall bed market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing at a CAGR of 3.7% in the forecast period of 2022 to 2029 and is expected to reach USD 1,51,328.66 thousand by 2029. The rising population and widespread concept of co-living is expected to propel the growth of the North America wall bed market.
A wall bed is used for space-saving purposes and is popular where floor space is limited, such as small homes, apartments, hotels, mobile homes, and college dormitories. In recent years, wall bed units have had options such as lighting, storage cabinets, and office components. Most wall beds do not have box springs. Instead, the mattress usually lies on a platform or mesh and is held in place so as not to sag when in a closed position. The mattress is attached to the bed frame, often with elastic straps to hold the mattress in position when the unit is folded upright.
Since the first model of the wall bed, several other variations and designs have been created, which include sideways-mounted beds, bunk beds, and solutions that include other functions such as office cabinets and lighting options. Wall beds with tables or desks that fold down when the bed is folded up are becoming popular, and there are also models with sofas and shelving solutions.
The rising population and widespread co-living concept are anticipated to propel the growth of the North America wall bed market. Moreover, the increased standard of living and awareness for home decor has propelled the growth of the wall bed market. This has increased the demand for wall beds due to confined spaces and the multipurpose use of these wall beds. On the other hand, the major restraint that may impede the North America wall bed market is the high cost of wall beds compared to normal beds.
The growing use in the construction of studio apartments is expected to bring opportunities for the North America wall bed market. However, wall beds are not suitable for people who are renting, which may challenge the market’s growth in the near future.
This North America wall bed market report provides details of market share, new developments, and product pipeline analysis, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an Analyst Brief. Our team will help you create a revenue impact solution to achieve your desired goal.
North America Wall Bed Market Scope and Market Size
North America wall bed market is segmented on the basis of operation, type, distribution channel, and end use. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of operation, the North America wall bed market is segmented into automatic and manual. In 2022, the automatic segment is expected to dominate the North America wall bed market as automatically operated wall beds are easy to fold and unfold, which is likely to boost demand in the forecast year. Even children and old age people find it convenient to use it without anybody’s help.
- On the basis of type, the North America wall bed market is segmented into a single bed and double bed. In 2022, the single bed segment is expected to dominate the North America wall bed market as it provides the convenience of sleeping on the bed and serves as storage or table when not in use. In addition, single beds are in high demand from people who live in studio apartments that have less space for furniture.
- On the basis of distribution channel, the North America wall bed market is segmented into online and offline. In 2022, the offline segment is expected to dominate the North America wall bed market as a lot of people prefer visiting stores and checking the quality of wall beds, and also bulk purchasing is done offline in most cases. This is expected to help the growth of this segment in the forecast period.
- On the basis of end use, the North America wall bed market is segmented into residential and non-residential. In 2022, the residential segment is expected to dominate the North America wall bed market. These beds save a lot of space that can be used as living areas or kids playing areas, which is expected to boost its demand in the forecast period.
North America Wall bed Market Country Level Analysis
North America wall bed market is analyzed, and market size information is provided by country, operation, type, distribution channel, and end use as referenced above.
The countries covered in the North America wall bed market report are the U.S., Canada, and Mexico.
The U.S. is expected to dominate the North America wall bed market due to high demand from residential users. Canada is expected to dominate the North America wall bed market due to the growing standard of living and awareness for home decor in this region. Mexico is expected to dominate the North America wall bed market due to improved standard of living and increased disposable income, and urbanization in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of sales channels are considered while providing forecast analysis of the country data.
Rising population and widespread concept of co-living
North America wall bed market also provides you with detailed market analysis for every country growth in the installed base of different kinds of products for the wall bed market, the impact of technology using lifeline curves and changes in production techniques, regulatory scenarios, and their impact on the wall bed market. The data is available for the historical period 2011 to 2020.
Competitive Landscape and North America Wall Bed Market Share Analysis
North America wall bed market competitive landscape provides details by a 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, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to the North America wall bed market.
Some of the major market players engaged in the North America wall bed market are SICO Incorporated, Wilding Wallbeds, Wall Beds Manufacturing, Inc., Zoom Room Inc, B.O.F.F. Wall Beds, Twin Cities Closet Company, Wallbeds “n” more, Wallbeds & Closets North West, Bestar Modern Home and Office furniture, The Bedder Way Co., Murphy Wall Beds Hardware Inc., Modern Furniture and Interior Design, Superior Wall Beds, among other players domestic and global. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
For instance,
- In January 2020, Bestar Modern Home and Office Furniture announced its private equity partnership with MB Capital. This development has helped the company to expand its business
- In January 2020, Bestar Modern Home and Office Furniture acquired Bush Industries, a leading American manufacturer of case goods and RTA furniture for the office and home. This development has helped company to attract more customers
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