The Global Wall Bed Market Expected to Reach at the Highest USD market value by 2027, Increasing Investments by Reputed Companies to Favor Growth: Fortune Business Insights

The global Wall Bed Market report contains market revenue, market share, and production of the service providers is also mentioned with accurate data. Moreover, the global Wall Bed Market report majorly focuses on the current developments, new possibilities, advancements, as well as dormant traps. Furthermore, the market report offers a complete analysis of the current situation and the advancement possibilities of the market across the globe. Wall Bed Market size is forecasted to reach the Highest Revenue by 2027.

The global Wall Bed Market is estimated to gain traction from the increasing investments by renowned companies,  Murphy Wall Beds Hardware Inc., Wilding Wall Beds, Furl, The London Wallbed Company, Wall Beds Manufacturing, Inc., BREDA Inc., in the development of state-of-the-art products. The Wall Bed Market size is expected to reach highest USD market value till 2027. Fortune Business Insights mentioned this information in a new report, titled “Wall Bed Market Size, Share & Industry Analysis, By Bed Type (Single, Double), By Bed Material (Metal, Wooden), By Size (King, Queen, Others), By Operation (Manual, Automated), By Application (Residential, Commercial) And Regional Forecast 2020-2027,” Furthermore, the market is anticipated to exhibit the highest CAGR during the forecast period 2020 to 2027 

This report analyses substantial key components such as production, capacity, revenue, price, gross margin, sales revenue, sales volume, growth rate, consumption, import, export, technological developments, supply, and future growth strategies.

COVID-19 Pandemic to Constitute a Call to Action for the Wall Bed Market

The emergence of the COVID-19 pandemic is compelling the key players to rethink their portfolio priorities & to raise their exposure to the growing channels. It will necessitate greater use of mergers and acquisitions, as well as dynamic resource allocation for enhancing their portfolios. The regulatory bodies of several developed and developing nations have implemented stringent lockdown and social distancing measures to prevent transmission of the coronavirus. Therefore, most of the restaurants are on the verge of shutting down permanently.

The grocery volumes surged with pantry loading in the initial phase. Through this period, start-up companies struggled to pivot, while large companies concentrated on top lines and mobilized their supply chains. At present, several consumers are generating a shock to loyalty by changing their primary grocery store. This has opened the door to multiple opportunities for prominent companies to reassert the benefits of scale in the supply chain and to get closer to the consumers. However, this pandemic is persistently boosting consumer demand for reliance and value on digital.

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Some of the Key Players of the Wall Bed Market include:

• Murphy Wall Beds Hardware Inc.
• Wilding Wall Beds
• Furl
• The London Wallbed Company
• Wall Beds Manufacturing, Inc.
• BREDA Inc.
• Bonbon Trading Limited
• SICO Incorporated
• The Bedder Way Company
• BESTAR Inc.

Few of the most significant trends present in this market are:

• Shifting Demographics
• Altering Tax Regimes
• Concerns Regarding Health & Wellness
• Concentration & Modernization of Trade
• Rising Number of Digital Consumers
• Shift of Consumers towards Organic Products

Market Drivers and Restraints:-

Increasing number of nuclear families and individuals staying alone at home is expected to positively impact growth of wall beds market

Technology is considered to be a vital factor for the growth of the consumer goods industry. The proportion of sales through e-commerce platforms may reach a tipping point in the forthcoming years. Manufacturers are striving to shift their large consumer bases towards online platforms, thereby enabling them to customize products and conduct transactions on branded websites. Some of the others are making strategic choices on whether to follow suit. P&G, for instance, is running its own commercial website. The demographic changes, on the other hand, would enable manufacturers to discover unique ways for meeting the surging needs of geriatric population. Unilever, for instance, introduced its latest range of hair-care products, skin-care products, and deodorants called Pro-Age. The company’s target audience is female consumers belonging to the age group of 54 and 63 years.

Availability of alternatives is expected to hamper the growth of the market

As per the report, North America is expected to remain in the leading position in the global Wall Bed Market   in the coming years. Besides, the report delivers elaborate profiles of the most reputed manufacturers operating in the Wall Bed Market  . 

REGIONAL INSIGHTS:

Geographically, the global Wall Bed market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa.

North America is expected to hold major share in global wall beds market over the forecast period. This can be attributed to an increased number of nuclear families and the growing culture of children staying away from home at studio apartments in the region. Additionally, this can be attributed to the increased number of international students coming to countries such as U.S. and Canada which stay in sharing apartments where space utilization becomes an important factor. For instance, according to the ‘Current Population Survey’ published by U.S. Census Bureau in November 2019, total number of households reported was 1,28,579 in 2019 in the U.S. of which the households where two people stay in the house held the highest share followed by households where only one-person stay. As per the same source, the number of households where 2 people stay in the house was 44,373 and the number of households where only one person stay in the house was 36,479 in 2019 in the U.S.

Moreover, Asia Pacific is expected to gain significant market share which can be attributed to a number of factors including increasing urbanization, increasing standard of living, increasing access to wide variety of wall bed products and increasing disposable income of the populace in the region.

Additionally, Asia Pacific region has the presence of most populous countries in the region such as India and China. In these countries, the availability of land is lower as compared to the country’s population which has resulted in higher population density as compared to countries in other regions. For instance, according to World Population Prospects 2019 published in August 2019, Asia held the highest population density among all the regions in 2018. The population density of Asia was 144.3 persons per sq. km in 2016 which increased to 147.0 persons per sq. km in 2018 and it is estimated to increase to 149.6 persons per sq. km by 2020.

Higher population density that is a higher number of individuals staying in a smaller area in Asia Pacific makes saving of the space as one of the important factors for living to accommodate more people in lower space availability. Wall beds allow convenient use of the space available. Therefore, owing to space constraints in countries of Asia Pacific, it is expected to drive the demand for wall beds in the region and contribute to the growth of the global wall beds market.

Segmentation of Wall Bed Market :- 

 By Bed Type
• Single
• Double
By Bed Material
• Metal
• Wooden
By Size
• King
• Queen
• Others
By Operation
• Manual
• Automated
By Application
• Residential
• Commercial
By Geography
• North America (U.S., Canada, and Mexico)
• Europe (France, Germany, Italy, Spain, U.K., Russia, and Rest of Europe)
• Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific)
• South America (Brazil, Argentina, and Rest of South America)
• Middle East & Africa (South Africa, UAE, and Rest of ME&A)

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Key Questions Answered:
Why Choose Fortune Business Insights?
What are the key demands and trends shaping the market?
What are the key opportunities in the market?
What are the key companies operating in the market?
Which company accounted for the highest market share?
What is the market size and growth rate of the global and regional market by various segments?
What is the market size and growth rate of the market for selective countries?
Which region or sub-segment is expected to drive the market in the forecast period?
What Factors are estimated to drive and restrain the market growth?  

Research Methodology

The report provides in-depth information of consumer goods and their demand by evaluating the consumer buying behavior. It further offers an analytical depiction of the market, along with the most recent trends. Additionally, it consists of future estimations to depict prominent investment pockets. Our team of highly skilled analysts has used the Porter’s five forces analysis to illustrate the potency of the suppliers and buyers in the market. It has also utilized secondary resources, such as journals, press releases, and other similar documents to provide an elaborate analysis of the market. The overall market opportunity is determined by understanding the profitable trends in order to gain a robust foothold. Lastly, it presents data associated with challenges, dynamics, drivers, and hindrances of the market.

Consumer goods are intended for everyday consumption. They cover several product portfolios, such as non-food and food categories in order to fulfil the unmet needs. The industry is flourishing rapidly owing to the rising demand for fast-moving consumer goods (FMCGs), such as cosmetics, over-the-counter drugs, processed food and beverages, footwear, household cleaning products, toiletries, and pet-care products. Consumer durable goods, on the other hand, require few repeat purchases as they have longer lifespans. Such goods include leisure equipment, kitchen appliances, and electronic goods. For progress and survival, the market is dependent on advertising through various media, as well as retail outlets, namely, online platforms, malls, discount stores, and franchise stores.

It further answers the following questions:

• What is overall industry outlook and upcoming trends that will influence the market growth?
• Which other factors are driving and restraining the market?
• How has the market been segmented?
• How are changes in regional dynamics impacting the growth of the market?
• Who are the top companies in the market and what are their key strategies?

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Wall Bed Market Report Focus on:

• Extensive product offerings
• Customer research services
• Robust research methodology
• Comprehensive reports
• Latest technological developments
• Value chain analysis
• Potential Market opportunities
• Growth dynamics
• Quality assurance
• Post-sales support
• Regular report updates

Reasons to Purchase this Report:

• Comprehensive analysis of the market growth drivers, obstacles, opportunities, and other related challenges.
• Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
• Identifies market restraints and boosters.
• Identifies all the possible segments present in the market to aid organizations in strategic business planning.

KEY INSIGHTS

• New Advancements in Production Technologies
• Key Trends in the Synthetic Pyrethroids Market
• New Product Launches, Expansions, Key Players
• Ranking of Key Players in the Market

KEY INDUSTRY DEVELOPMENTS:-

• May 2017-Camabeds launched new low cost wall beds series of called ‘Olyan’ where the bed has a metal body with wooden containers.
• October 2019-Wilding Wall Beds is announced to launch new range of wall beds. These wall beds will be offered in 4 different designs and they are designed in such a way that they would not require anchoring of the bed with the wall.

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