Wall Beds Market by Distribution Channel and Geography - Global Forecast & Analysis 2019-2023

The global wall beds market size will grow by USD 806.64 million during 2019-2023. The growth momentum will accelerate throughout the forecast period, and the market will grow at a CAGR of almost 7%.

The growing demand for multi-featured wall beds and the rising demand for eco-friendly and green furnishings are some of the major factors driving market growth. The US, the UK, and China are currently the major markets for wall beds.

Wall Beds Market Report - Key Insights

Scope of this Report

The report provides a detailed analysis of the market by distribution channel and geography. Also, the wall beds market forecast report analyzes the market’s competitive landscape and offers information on several market vendors.

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Market Segmentation      

Wall Beds Market by Distribution Channel

• Offline
• Online

Wall Beds Market by Region

• APAC
• Europe
• MEA
• North America
• South America

Market Competitive Analysis

The wall beds market is fragmented, and the degree of fragmentation will increase during the forecast period. B.O.F.F. Wall Bed Furniture, BESTAR Inc., FlyingBeds International Inc. are some of the major market participants. Though the accelerating growth momentum will offer immense growth opportunities, the risks involved in international trade will challenge the growth of the market participants. To make the most of increasing wall beds market size, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The wall beds market analysis report provides information on the production, sustainability, and prospects of several companies, including:

• B.O.F.F. Wall Bed Furniture
• BESTAR Inc.
• FlyingBeds International Inc.
• Homes Spa
• Murphy Wall-Beds Hardware, Inc.
• San Diego Modern Furniture Co. Inc.
• SICO Inc.
• The Bedder Way Co.,
• Wall Beds Manufacturing
• WallBeds Co.

Wall Beds Market: Key Drivers and Trends

The increasing demand for eco-friendly and green furnishings will be one of the significant factors that will drive wall beds market growth. With the growing awareness about climate change, there is an increasing consumer preference for eco-friendly furniture, such as furniture made of Moso bamboo. There is considerable awareness about eco-friendly and green furnishings in Europe and North America. Countries such as China and India are also witnessing an increasing preference for green furniture. With the growing demand, vendors are focusing on offering high-quality and aesthetically designed furniture made from eco-friendly materials. Considering the potential usage of eco-friendly materials in various applications, manufacturers are focusing on different ways such as sustainable wood harvesting and furniture made of recycled wood. This will be one of the significant wall beds market trends that will gain traction over the forecast period.

• The rising demand for multi-featured wall beds will also influence the growth of the wall beds market size.
• Multi-featured wall beds can address more than one furnishing need and offer a high return on investment over conventional wall beds.
• There is a growing importance of using multi-featured wall beds to save cost, space, and effort with more convenience.
• To cater to the growing demand, vendors are continually focusing on innovations, which will help them expand their customer base.
• As a result of these factors, the market will register a CAGR of almost 7% during 2019-2023.

Wall Beds Market: Segmentation by Region

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North America is one of the significant markets for wall beds. The increasing population and the growing use of online platforms to buy furniture and furnishing products are driving market growth in the region. The rising demand for innovative wall beds equipped with motors and remote-control switches also fuel the growth of the wall beds market size in the region.

During the forecast period, over 35% of the overall market growth will originate from North America. However, market growth in this region will be slower than the growth of the market in APAC, MEA, and South America.

Wall Beds Market: Segmentation by Distribution Channel

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With the changing shopping preferences of customers, there is a rise in sales of wall beds through online platforms. The broad geographic reach of major e-commerce players such as Amazon.com Inc. and Alibaba Group Holding Ltd. will increase the preference for online sales channels.

As a result, the wall beds market size in the online distribution channel will steadily increase during the forecast period, and market growth in this segment will be faster than the growth of the market in the offline distribution channel.

Wall Beds Market: Key Highlights of the Report

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will accelerate the growth of the market during the next five years
• Precise estimation of the global wall beds market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the wall beds industry across the APAC, Europe, MEA, North America, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of wall beds companies

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