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The air mattress and beds market size is estimated to grow at a CAGR of 8.8% between 2023 and 2027. The market size is forecast to increase by USD 95.23 million. The growth of the market depends on several factors, including the increase in online retailing, the growth of the real estate and construction industry, and the growing urbanization and consumer inclination toward nuclear families.
This air mattress and beds market report extensively covers market segmentation by application (commercial and household), distribution channel (offline and online), and geography (APAC, North America, Europe, South America, and The Middle East and Africa.) It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The increase in online retailing is notably driving the market growth, although factors such as growing demand for fluctuations in raw material prices market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The increasing end-user preference for customized air mattresses and beds is a primary trend in the air mattress and beds market. Vendors operating in the global mattress market follow various strategies to increase the adoption of their products among both commercial and individual end-users. One of these strategies is the offer of tailor-made mattress models. In order to fulfil their customers' specific needs in terms of convenience and assistance, as well as establish strong client relationships, it is important for suppliers to offer such personalized models as an additional service.
Additionally, people suffering from back problems require additional support when sleeping, which can be obtained through mattress modification. Moreover, online platforms offered by suppliers also enable them to offer customization. All such factors will drive the growth of the global air mattress and beds market during the forecast period.
The fluctuation in raw material prices is a major challenge faced by the air mattress and bed market. Fluctuating raw material costs have increased the complexity associated with the manufacture of air mattresses and beds. These fluctuations could lead to a lack of predictability in the implementation of production plans. This has a negative impact on worldwide sales of air mattresses and beds. This uncertainty in raw material prices has a negative impact on the balance of demand and supply. High manufacturing costs negatively impact the market due to the high prices of end products. This may have a negative impact on product sales and vendor revenue.
The growth prospects of the global air mattress and beds market are dependent on the global petrochemicals market. Petroleum-based polyurethane is a key raw material for air mattresses and beds. The prices of petrochemicals are dependent on the prices of natural gas and crude oil. Crude oil price increases were due to supply-demand imbalances and uncertain political conditions in the Middle East. Consequently, fluctuations in raw material costs will have a negative effect on the sales of Air Mattresses and Beds that are likely to hamper their growth over the forecast period.
The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Air Mattress and Beds Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Alps Brands - The company offers air mattresses and beds such as Vertex Queen air mattresses.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the Commercial segment will be significant during the forecast period. In particular, the commercial industry is at the heart of the demand for air mattresses. The use of air mattresses and bed products for commercial purposes is made in hotels, hospitals, detention facilities, and other places where portable easy-to-store sleep solutions are needed. During the forecast period, air mattress and bed markets will grow at the same time as the hospitality sector is expanding and the popularity of outdoor activities increases.
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The commercial segment shows a gradual increase in the market share of USD 89.61 million in 2017 and continue to grow by 2021. Consumer preferences have shifted toward the most comfortable and super-luxurious beds in holiday destinations, especially in hotels and resorts. Consequently, in many hotels and resorts, there is wide use of air mattresses and beds. Demand for new air mattresses and beds at hotels and resorts will rise as a result of the growth in tourism and hospitality. Therefore, such factors will drive the demand for air mattresses and beds in the commercial segment of the global air mattress and beds market during the forecast period.
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APAC is estimated to contribute 43% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
Countries such as India, China, and Japan are the major contributor in terms of revenue to the growth of the regional air mattress and beds market in 2022. The region's real estate sector has been growing at an exponential rate. As the region consists of many nuclear families which have shown a keen interest in building new structures, there has been an increasing number of residential buildings over recent years. This is part of a trend in urbanization that has been taking place across the region.
The outbreak of COVID-19 created supply chain disruptions in all industries in 2020. However, there have been lifts of quarantines and all the sectors and business units are resuming their activities due to a large vaccination campaign in the region which has taken place over the first half of 2021. Increasing smartphone adoption and high penetration of the Internet in the e-commerce sector and an increase in the e-retailers for air mattresses and beds will drive the demand for air mattresses and beds during the forecast period. Therefore, the steady increase in residential buildings and growth in the e-commerce sector will spike the demand for air mattresses and beds, which in turn will propel the growth of the air mattress and beds market in APAC during the forecast period.
The air mattress and beds market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Technavio categorizes the Air Mattress and Beds Market as a part of the global home furnishings market within the global household durables industry. The parent global home furnishings market covers products and companies engaged in the manufacturing/marketing of furniture, home furnishings, floor coverings, and decorative products. Our market research report has extensively covered external factors influencing the parent market growth during the forecast period.
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Air Mattress And Beds Market Scope |
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Report Coverage |
Details |
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Page number |
156 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 8.8% |
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Market growth 2023-2027 |
USD 95.23 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
7.96 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 43% |
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Key countries |
US, Canada, China, India, and Germany |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Alps Brands, Bestway Inflatables and Material Corp., Drive DeVilbiss Healthcare Ltd., Elanor Surgicals, Englander Sleep Products, Exxel Outdoors LLC, Hospital Equipment Manufacturing Co., King Koil Licensing Co. Inc., LunoLife Inc., Newell Brands Inc., Relief-Mart Inc., Restwell Sleep Products, Saif Care, Silverline meditech Pvt. Ltd., Sleep Judge, SoundAsleep Products, Spring Air International, STE, Tempur Sealy International Inc., and Wenzel |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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