Industry Background:
The wall bed is know for its ability to get fold up against wall and providing extra space in the area when not in use. It is the kind of functional furniture that can be transformed any room instantly giving sophisticated appearance. The bed can be lowered from its vertical position when required and can be lifted into the vertical position creating enough space in the area.This growth is primarily driven by Need for Increased Space in the Small Size House
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Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Consumer Goods sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Wilding Wallbeds (United States), Murphy Wall Beds Hardware Inc (Canada), SICO Incorporated (UAE), Homes Casa S.p.a. Group (Italy), FlyingBeds International (United States), The London Wallbed Company (United Kingdom), The Bedder Way Co. (United States), Twin Cities Closet Company (United States), B.O.F.F. Wall Beds (Canada) and Spaceman (Singapore), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
On 18th October 2019, Wilding Wallbeds released a new line of Murphy Cabinet Beds. This new line is meant to cater to those looking to save space and money. This furniture line fills a gap for those wanting space-saving furniture, but their space doesn’t quite fit the mold for a traditional Murphy Style bed. As well as a great option for homeowners, this line creates a solution for renters that have restrictions about putting holes in walls and have a need for a free-standing unit. These beds do not require any type of anchoring to a wall and can be placed in almost any room in the house.
Wall Bed Market Dynamics:
Attributes | Details |
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Growth Drivers | - Need for Increased Space in the Small Size House
- Demand for Comfortable and Convenient to Use Beds
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Influencing Trends | - The Emerging Use of Wall Bed for Providing the Designed and Sophisticated Appearance to the House of the Space
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Restraints | - Risk of Safety Associated with Wall Bed
- Expensive Availability of Wall Bed
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Road Blocks / Challenges | - Large Number of Players in the Market with Lower Prices
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Gaps & Opportunities | - Rising Disposable Income of People in Developed and Developing Countries
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AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Wall Bed Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Wall Bed Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Wall Bed players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Wall Bed Study Sheds Light on
The Wall Bed Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Wall Bed industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Wall Bed industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.