Wall Bed Market to Reach $7 billion, Globally, by 2035 at 6.2% CAGR: Allied Market Research

Wilmington, Delaware, Feb. 06, 2025 (GLOBE NEWSWIRE) --

Allied Market Research published a report, titled, "Wall Bed Market by Product Type (Single Wall Beds, Double Wall Beds, and Others), Operation (Manual, Automatic, and Hybrid), End User (Residential and Commercial), and Distribution Channel (Hypermarkets and Supermarkets, Specialty Stores, Online Retail, and Others): Global Opportunity Analysis and Industry Forecast, 2024-2035". According to the report, the global wall bed market size was valued at $3.5 billion in 2023, and is projected to reach $7 billion by 2035, growing at a CAGR of 6.2% from 2024 to 2035. 

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Prime Determinants of Growth 

Rapid urbanization has significantly reduced the size of living spaces, especially in urban areas where land is limited, and property prices remain high. Consequently, more individuals and families are opting for compact apartments or studio flats, thereby driving the demand for innovative, space-saving furniture. Among these, wall beds have gained popularity as an effective solution, as they can be folded into the wall when not in use, allowing homeowners to maximize their limited space. These beds are particularly beneficial for homes that also serve as workspaces, as they can be tucked away during the day to create additional functional living or working areas. Furthermore, the introduction of smart technologies into wall beds offers immense growth potential for the market. Automated wall beds equipped with motorized mechanisms enable users to fold or unfold the bed effortlessly, making them particularly appealing to individuals with physical disabilities or the elderly. These advanced designs can include wireless control, remote operation, or mobile app connectivity, aligning well with the growing adoption of smart home technologies. 

Report coverage & details: 

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The single wall beds segment to maintain its leadership status throughout the forecast period 

By product type, the single wall beds segment held the major share of the market share in 2023, accounting for more than two-fifths of the global wall bed market and is estimated to maintain its leadership status throughout the forecast period. The single bed market is driven by the increasing trend of urbanization and the subsequent need for space-efficient living solutions. As metropolitan areas continue to expand, housing units are shrinking, necessitating furniture that maximizes utility in limited spaces. Single beds cater to this demand, especially in small apartments, dormitories, and shared living spaces. 

However, the others segment is projected to manifest the highest CAGR of 6.8% from 2024 to 2035. The market for specialty beds is primarily driven by the growing demand for personalized and multi-functional furniture. As urban living spaces continue to shrink, the need for innovative space-saving solutions such as bunk beds, sofa beds, and loft beds has surged. 

Manual segment to maintain its leadership status throughout the forecast period 

By operation, the manual segment held the major share of the market share in 2023, accounting for more than two-fifths of the global wall bed market, and is estimated to maintain its leadership status throughout the forecast period. The manual bed market is driven by affordability and reliability, making it a popular choice in healthcare and residential settings. These beds are especially prevalent in developing regions where cost-effective solutions are essential. Healthcare facilities often favor manual beds because they require no electricity, reducing operational costs and making them suitable for regions with unstable power supplies. 

However, the hybrid segment is projected to manifest the highest CAGR of 6.7% from 2024 to 2035. The hybrid bed market is driven by the need for versatile and adaptable furniture solutions that cater to both traditional and modern preferences. 

The residential segment to retain its dominance by 2035. 

By end user, the residential segment held the major share of the market in 2023, accounting for more than half of the global wall bed market, and is estimated to maintain its leadership status throughout the forecast period. The residential bed market is driven by the growing emphasis on home improvement and interior aesthetics, particularly as urbanization leads to more compact living spaces. With a rising global population and an increasing number of nuclear families, the demand for beds that maximize space while offering functionality has surged. 

However, the commercial segment is projected to manifest the highest CAGR of 6.6% from 2024 to 2035. The commercial bed market is primarily driven by the expanding hospitality and healthcare industries. 

The hypermarkets and supermarkets segment to retain its dominance by 2035 

By distribution channel, the hypermarkets and supermarkets segment held the major share of the market in 2023, accounting for more than two-fifths of the global wall bed market and is estimated to maintain its leadership status throughout the forecast period. The hypermarkets and supermarkets distribution channel thrives on convenience and affordability, attracting budget-conscious consumers seeking accessible solutions for their furnishing needs. These stores offer an all-in-one shopping experience, allowing customers to purchase beds alongside other home essentials. 

However, the online retail segment is projected to manifest the highest CAGR of 6.9% from 2024 to 2035. Online retail is driven by the growing preference for convenience and the ability to access a wide variety of products at competitive prices. 

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By Region 

North America to maintain its dominance by 2035 

Based on the region, the North America region held the highest market share in terms of revenue in 2023, accounting for more than one-third of the global wall bed market. The wall bed market in North America is primarily driven by the increasing cost of real estate and the subsequent rise in smaller living spaces, particularly in urban areas. Many cities across the U.S. and Canada are experiencing high population densities, which has created a demand for compact and versatile furniture solutions.   

Leading Market Players 

• Wilding Wallbeds, Inc. 

• SICO Inc 

• The London Wallbed Company, Co. 

• The Bedder Way Co 

• Wall Beds Manufacturing Ltd. 

• Bestar Inc. 

• Murphy Wall Beds Hardware Inc. 

• B.O.F.F. Wall Beds, LLC. 

• Inovabed 

• Wallbeds “n” More 

The report analyzes these key players in the global wall bed market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, developments, and product portfolios of every market player. 

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. 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. 

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. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. 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. 

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