According to a new report published by Allied Market Research, titled, “Smart Bed Market by Type, Application, and Sales Channel: Global Opportunity Analysis and Industry Forecast, 2021–2030,”
The global smart bed market size was valued at $2,285.5 million in 2020, and is estimated to reach $3,833.6 million by 2030, registering a CAGR of 4.8% from 2021 to 2030. In 2020, the manual segment accounted for a significant revenue share in the total global smart bed market, and is expected to grow at a CAGR of 4.3% throughout the forecast period. North America is one of the prominent regions, which accounted for a sizeable share of the total market in 2020.
Request The Sample PDF Of This Report: https://www.alliedmarketresearch.com/request-sample/6926
The global smart bed market has witnessed significant growth over the years, and is expected to grow at a steady pace during the forecast period. This is attributed to the fact that market players are focusing on developing eco-friendly products, owing to rise in environment awareness.
The residential and healthcare segments occupied the largest shares in the overall smart bed market in 2020, and are expected to maintain its leading position throughout the forecast period, owing to wide adoption of smart beds, globally. In addition, surge in disposable income and improvement in living standards in emerging countries such as China and India along with rise in affinity of consumers toward consumer-friendly products are anticipated to boost demand for smart bed products. However, availability of low-quality and counterfeit products and fluctuations in the prices of raw materials used to manufacture these products restrain the market growth. Conversely, surge in demand for trendy and unique furniture is anticipated to provide lucrative growth opportunities for the smart bed industry.
According to the global smart bed market analysis, the market is segmented into type, application, distribution channel, and region. Depending on type, the market is divided into manual, semi-automatic, and automatic. By application, it is divided into healthcare, hospitality, residential, and others. By sales channel, it is fragmented into supermarkets & hypermarkets, online stores, specialty stores, and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Buy Now & Get Exclusive Discount on this Report: https://www.alliedmarketresearch.com/checkout-final/a21078214cd19eded84b2203a6d5b0f9
On the basis of type, the manual segment held a major smart bed market share of 39% in 2020. This is attributed to wide usage of manual beds in the residential sector.
On the basis of application, the healthcare segment witnessed a major traction, and is expected to gain a major demand in the coming years. The healthcare segment is expected to witness an annual growth rate of 5.4% during the forecast period. The healthcare industry is being driven by increased prevalence of lifestyle illnesses, rise in need for cheap healthcare delivery systems due to rising healthcare costs, technology developments, rise of telemedicine, fast health insurance penetration, and government initiatives.
On the basis of sales channel, the specialty stores segment held major share of 65% in the smart bed market in 2020 and is likely to remain dominant throughout the smart bed market forecast period. Growth of the specialty store segment is driven by increase in demand for smart bed products, fueled by growth in housing and commercial construction. In addition, increase in income levels and improvement in lifestyle of consumers are expected to drive the smart bed market growth.
North America accounted for the maximum share in the global market in 2020, and is anticipated to continue this trend in the near future. This is attributed to surge in expenditure of consumers on luxury home decor products and improvement in standard of living.
The key players profiled in this report include ArjoHuntleigh AB, BodiTrak, Hi-Interiors SRL, Hill Rom Holdings Inc, Invacare Corporation, Joerns Healthcare LLC, LINET spol. s r.o., Paramount Bed Co., Ltd, Sleep Number Corporation, and Stryker Corporation.
Request a Discount Before Purchasing Report: https://www.alliedmarketresearch.com/purchase-enquiry/6926
Key findings of the study
By type, the manual segment held the highest share, accounting for 39.0% of the global smart bed market.
By application, the residential segment held the major share of 38.0% of the market.
Region wise, North America held the major share in the market, and is expected to remain dominant throughout the forecast period.
Reasons to Buy this Smart Bed Market Report:
> Mergers and acquisitions should be well-planned by identifying the best manufacturer.
> Sort new clients or possible partners into the demographic you’re looking for.
> Suitable for providing dependable and high-quality data and analysis to assist your internal and external presentations.
> Develop tactical initiatives by gaining a better grasp of the areas in which huge corporations can intervene.
> To increase and grow business potential and reach, develop and plan licencing and licencing strategies by finding possible partners with the most appealing projects.
> Recognize newcomers with potentially strong product portfolios and devise effective counter-strategies to acquire a competitive edge.
> To develop effective R&D strategies, gather information, analysis, and strategic insight from competitors
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
USA/Canada (Toll Free):
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Allied Market Research Blog: https://blog.alliedmarketresearch.com
Follow Us on | Facebook | LinkedIn | YouTube |