Global Portable Beds Market Size To Worth USD 9.82 Billion By 2033 | CAGR Of 7.07%
Category: Consumer GoodsGlobal Portable Beds Market Size To Worth USD 9.82 Billion by 2033
According to a research report published by Spherical Insights & Consulting, the Global Portable Beds Market Size is Expected to Grow from USD 4.96 Billion in 2023 to USD 9.82 Billion by 2033, at a CAGR of 7.07% during the forecast period 2023-2033.
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Browse key industry insights spread across 230 pages with 120 Market data tables and figures & charts from the report on the "Global Portable Beds Market Size, Share, and COVID-19 Impact Analysis, By Type (Single Bed, Double Bed, and Others), By Application (Residential and Commercial), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here : https://www.sphericalinsights.com/reports/portable-beds-market
The term indicates portable beds are easily transportable and light. They are used when it is not feasible to have large permanent beds. These beds' portability and compactness are their greatest advantages. Typically, lightweight wood, plastic, or a collapsible metal frame wrapped in nylon, canvas, or linen are used to make portable beds. The global market for portable beds is expanding due to the beds are used in highly crowded cities all over the world. In large, highly populated cities, a substantial number of people own modest homes or apartments. In addition, the market for portable beds is growing as a result of factors like the rise in nuclear families, fast urbanization, the expanding real estate industry, and multifunctionality. However, the market expansion of portable beds is restricted by fluctuating raw material prices. High costs lead to high prices, which inhibits the growth of the market.
The single bed segment is predicted to hold the greatest market share through the forecast period.
Based on the type, the portable beds market is classified into single bed, double bed, and others. Among these, the single bed segment is predicted to hold the greatest market share through the forecast period. A single person can use a single bed, or they can share it with another person by using cots or cribs.
The residential segment is anticipated to hold the greatest market share during the projected timeframe.
Based on the application, the portable beds market is divided into residential and commercial. Among these, the residential segment is anticipated to hold the greatest market share during the projected timeframe. These beds are popular among residential users as they can accommodate multiple people at once.
North America is estimated to hold the largest share of the portable beds market over the forecast period.
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North America is estimated to hold the largest share of the portable beds market over the forecast period. To satisfy the rising demand, these manufacturers built strong supply chains and wide-ranging distribution networks throughout the United States and Canada. Additionally, the region was a pioneer in the design and use of innovative portable bed technologies.
Asia Pacific is predicted to have the highest CAGR growth in the portable beds market over the forecast period. The Asia Pacific market is expected to increase by double digits due to the region rapid economic expansion and favorable demographic trends in some of its member countries.
Major key players in the portable beds market include Baxter, Resource Furniture, SEDAC, The Bedder Way Co., Murphy Wall Beds Hardware, Coleman, SICO Inc., Clei, FlyingBeds International, The London Wallbed Company, Homes Casa, More Space Place, Lagrama, and Others.
Recent Developments
- In May 2023, Resource Furniture, a US-based company renowned for its furniture designs that maximize available space, launched two cutting-edge wall beds.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the portable beds market based on the below-mentioned segments:
Global Portable Beds Market, By Type
- Single Bed
- Double Bed
- Others
Global Portable Beds Market, By Application
- Residential
- Commercial
Global Portable Beds Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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