Growing Demand for Multi-Functional Adjustable Bed Base to augment growth of the Market, Unveils Fact.MR
The global adjustable beds and mattress market garnered a market value of US$ 6.87 Billion in 2022 and is expected to accumulate a market value of US$ 16.26 Billion by registering a CAGR of 9% in the forecast period 2022-2032.
According to a recent report by Fact.MR, a market research and competitive intelligence provider, sales of adjustable beds and mattress are expected to reach a valuation of US$ 16.26 Billion by 2032, rising at a CAGR of around 9% over the forecast period of 2022 to 2032.
The increased time spent at home due to the COVID-19 pandemic has led people to redecorate their home furnishings. In addition to working from home and night shifts, people are often deprived of sleep due to back pain, less lumbar support, and the non-flexibility of spine curves; this has contributed to product sales.
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The hospitality sector benefitted from the pandemic since individuals spent more time traveling and experiencing new things rather than staying at home post-pandemic.
The renovation of hotels and restaurants is one strategy that hoteliers are using to draw in more customers, which has led to a huge increase in retail furniture sales. The adjustable beds segment dominated the industry and is anticipated to remain dominant throughout the forecast period. This segment features beds in various sizes, such as single and double. North America held the largest revenue share in 2022 owing to the rise in cases of back pain issues, specifically among the aging population across the globe.
Key Takeaways from Market Study
- By product, adjustable beds to dominate the global industry by accounting for maximum share of more than 50%.
- By end-user, residential expected to dominate the global industry in 2022 by accounting for more than 77% market share for adjustable beds and mattress.
- By distribution channel, offline distribution channel to dominate the global industry in 2022 by accounting for 70% of the overall revenue in 2022.
- North America is expected to dominate the global industry in 2022 and account for the maximum share of more than 38% of the overall revenue.
- Asia Pacific is expected to possess 30% market share for adjustable bed and mattress in 2022.
Market Competition
Key players operating in the global adjustable beds & mattress market include Amerisleep, Boyd Sleep, Ergomotion, Glideaway, Leggett & Platt, Inc., Serta, Inc., Southerland Sleep, Tempur Sealy International, Inc., The Sleepwell Company, Sealy Technology LLC, Sleep Number Corp.
- For instance, Wakefit company offers a 100-day in-house trial period for a mattress, which allows the consumers to examine and see whether the product is worth the price based on quality, firmness, sagging period, or if they experience any backache issues.
- Amerisleep, another key player in the adjustable beds and mattress market offers mattrerss in different sizes along with manufacturing bedding and different beds for various end user industries.
Major Adjustable beds and mattress Service Providers:
- Amerisleep
- Boyd Sleep
- Ergomotion
- Glideaway
- Leggett & Platt, Inc.
- Serta, Inc.
- Southerland Sleep
- Tempur Sealy International, Inc.
- The Sleepwell Company
- Sealy Technology LLC
- Sleep Number Corp.
According to a survey conducted by The Good Body in 2022, Around 80 million working Americans, or 50% of the population, report having annual back pain symptoms. Manufacturers are introducing innovative technologies incorporated into various beds & mattress designs while providing good utility. Modern mattress technology and individual sleep goals can be aligned owing to developments in mattresses like AirFoamTM. People are making better decisions with their bedding systems as a result of their increased awareness of the link between sleep quality and quality of life. Thus, developments in the production process are a top priority of the key industry players.
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Workflow Optimization
· Product:
-
- Adjustable Beds
- Single
- Double
- Adjustable Mattress
- Memory Foam
- Latex Foam
- Hybrid
- Adjustable Beds
· Distribution Channel:
-
- Offline
- Online
· End-user
-
- Residential
- Non-residential
· Region:
-
- North America
- Latin America
- Europe
- Asia Pacific
- MEA
The global adjustable beds and mattress attached storage report answers numerous pertinent questions, some of which are:
- What are some of the latent areas of investments in the market?
- Which region is expected to emerge as showing the most attractive growth rate during the forecast period and which factors will be crucial to its growth?
- What trends are likely to change the status quo of the positions held by leading players of the market in the not-so-distant future?
- Which product/service/technology segments holds game-changing potential to dramatically shape the competitive dynamic in the market?
- What are the strategies adopted by top players to retain their stronghold in the market?
- Which strategic moves will new entrants adopt to gain a strong foothold in the market?
- What are COVID-19 implications on the market and learn how businesses can respond, manage, and mitigate the risks?
More Valuable Insights Available
Fact.MR, in its new offering, presents an unbiased analysis of the adjustable beds and mattress market, presenting historical demand data (2017-2021) and forecast statistics for the period of 2022-2032.
The study divulges essential insights on the market on the basis of Product (Adjustable Beds and adjustable mattress), Distribution Channel (online and offline), end user (residential and non-residential) & across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa).
Check out more related studies published by Fact.MR Research:
https://www.globenewswire.com/en/news-release/2023/04/05/2641427/0/en/Pregnancy-Pillow-Sales-to-Cross-US-891-Million-by-2033-Polyester-filled-Segment-to-Dominate-the-Industry-Fact-MR-Report.html
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