Wall Bed Market Size was valued at USD 2.6 Billion in 2023. The wall bed market industry is projected to grow from USD 2.77 Billion in 2024 to USD 4.4 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.96% during the forecast period (2024 - 2032). An increase in the number of nuclear families and persons living alone at home, as well as an increase in the demand for auxiliary bedroom furniture are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The population of nuclear families and individuals living alone at home is growing, which is predicted to drive the market CAGR for wall beds. Individuals who live alone must make efficient use of space and money, and wall beds offer an alternative to purchasing separate beds, desks, and wardrobes, as all three can be integrated in a single unit of wall bed, saving both room and money. For instance, the number of people living alone in the UK climbed to 8 million in 2018 from 7.7 million in 2017, according to the article "The cost of living alone" published by the Office of National Statistics in the UK in April 2019.
Furthermore, the availability of different design options, such as vertical or horizontal and wooden finish or metal finish wall beds, as well as the availability of custom made wall bed products based on the architectural requirements of a particular house, are anticipated to positively impact market growth.
Additionally, the availability of numerous types of wall beds, including beds with tables, bunk beds, beds with lights, and beds with storage possibilities, is also anticipated to increase demand. Manufacturers are concentrating on providing clients with cutting-edge items, such as anti-bacterial beds, lightweight beds, and remotely operated beds, which will set the market trend. Additionally, the rising population and rising level of life will result in better housing needs.
The wall bed market segmentation, based on type includes single and double. The single segment kept the largest wall bed market share of 55.2% in 2022 due to its convenience and low cost. Because of its versatility in a rental property, it is more likely to be used by nuclear families. Furthermore, thanks to superior design and technological advancement, users can move the bed with a spring mattress and a sturdy metal frame without damaging the wall. Because the vast majority of people in the world own only one home, it is difficult for them to keep all of their stuff in one place. Wall beds enhance available space by more than 20%, which may be used for other reasons, driving up demand for wall beds during the predicted period.
The wall bed market segmentation, based on material, includes metal, wooden. Wooden segment held a significant proportion of the market share. For structural purposes, wood is the most commonly utilized material in wall beds. This is the strongest material available, and as a result, it is the most commonly utilized material for the most crucial portion of the wall bed: the structure. For numerous reasons, solid wood is rarely used as an exterior material. Solid wood naturally warps, resulting in visible defects that reduce the overall aesthetic and structural performance of your wall bed.
The wall bed market segmentation, based on size, includes king, queen and others. King segment held a significant market share. King size beds measure 5' x 6'6" and are great for those who need more space to stretch out. If you have the space and the funds, we recommend a king-size bed over a double because they provide significantly more area per person.
The wall bed market segmentation, based on operation, includes manual, automated. The automated segment had the largest market share, but it also had the highest market price due to its high technology. Vertical wall mounted motorised bed with foldable mechanism is the finest alternative for maximising space. A simple remote control transforms the bed into a sofa. Sofa wall bed combos are excellent space savers since they combine the functions of a living room and a bedroom.
Figure1: Wall Bed Market, by Operation, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The wall bed market segmentation, based on end-use, includes residential, commercial. Residential segment is anticipated to experience the fastest growth overall in the market, with a CAGR of 7.6% over the course of the forecast. Due to restricted space and the easy accessibility of homes at lower prices, the market for multipurpose furniture is expanding as infrastructure is built. The availability of manual and automatic folded wall beds, for example, is attracting more clients as a result, increasing sales volume over the predicted period.
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. In 2022, the North American area held the greatest market share, accounting for 48.77%. This is due to a rise in the region's number of nuclear families, as well as a growing culture of youngsters living in studio apartments.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure2: WALL BED MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe’s wall bed market accounts for the second-largest market share due to due to improved standard of living and increased disposable income. Further, the German wall bed market held the largest market share, and the UK wall bed market was the fastest growing market in the European region
The Asia-Pacific Wall Bed Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to growing living standards, more availability of a diverse choice of wall bed products. Moreover, China’s wall bed market held the largest market share, and the Indian wall bed market was the fastest-growing market in the Asia-Pacific region.
Leading market players are investing heavily in R&D to expand their product lines, which will help the wall bed market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, wall bed industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the wall bed industry to benefit clients and increase the market sector. In recent years, the wall bed industry has offered some of the most significant advantages to medicine. Major players in the wall bed market, including Wilding Wallbeds (U.S.), Twin Cities Closet Company (U.S.). BESTAR Inc. (U.S.), Bonbon Trading Ltd (U.K.), The Walled Company (Australia) and others, are attempting to increase market demand by investing in R&D operations.
A Murphy bed, often referred to as a pull-down bed, fold-down bed, or wall bed, is a bed with a hinged end that may be stored vertically against a wall or inside a cabinet or closet. Murphy beds could be regarded as multipurpose furniture because they frequently double as a bed and a closet. William Lawrence Murphy (1876–1957), an Irish immigrant to New York who was looking for a novel way to make room in his cramped flat, is the inspiration behind the naming of the Murphy bed. In the 18th century, the fold-up bed first emerged under the name "bureau bedstead," but it never became widely used. The bed's nickname comes from the fact that, when closed, it resembled a bureau with phoney drawers. In June 2019, Murphy pioneered pivot and counterbalanced designs, for which he was granted several patents, including one for a "Disappearing Bed."
Camabeds is a European convertible furniture manufacturer that specialises in Beds, Folding Beds, Sofa Beds, Bunk Beds, and Puff Beds. Camabeds' vision is to provide a wide selection of wonderful and beautiful furniture that is affordable to a wide range of people. We believe in using the best raw materials and fabrics, as well as clever manufacturing procedures, at our sites in Spain, Poland, and India. Camabeds provided material sustainability in accordance with the rule of lowest inputs for maximum benefits. In May 2019, Camabeds introduced the 'Olyan' series of low-cost wall beds, which feature a metal body with wooden containers.
Key Companies in The Wall Bed Market Include
Wall Bed Industry Developments
In October 2019, Wilding Wall Beds has announced the release of a new line of wall beds. These wall beds will be available in four distinct designs, and they are built so that the bed does not need to be anchored to the wall.
In January 2020, Bestar Modern Home and Office Furniture has announced a joint venture with MB Capital. This advancement has aided the company's expansion.
| Attribute/Metric | Details |
| Market Size 2023 | USD 2.6 Billion |
| Market Size 2024 | USD 2.77 Billion |
| Market Size 2032 | USD 4.4 Billion |
| Compound Annual Growth Rate (CAGR) | 5.96% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Material, Size, Operation, End-Use and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Wall Beds Manufacturing (U.S.), The Bedder Way Co. (U.S.), Murphy Wall Beds HardwareInc. (Canada), B.OF.F. Wall Beds (Canada), FlyingBeds International (U.S.). Wilding Wallbeds (U.S.), Twin Cities Closet Company (U.S.). BESTAR Inc. (U.S.), Bonbon Trading Ltd (U.K.), The Walled Company (Australia). |
| Key Market Opportunities | A growing number of families and individuals are living at home. |
| Key Market Dynamics | Furniture Industry Advances. |
Wall Bed Market Highlights:
Frequently Asked Questions (FAQ) :
The wall bed market size was valued at USD 142.1Billion in 2022.
The market is projected to grow at a CAGR of 5.96% during the forecast period, 2024-2032.
North America had the largest share of the market.
The key players in the market are Wilding Wallbeds (U.S.), Twin Cities Closet Company (U.S.). BESTAR Inc. (U.S.), Bonbon Trading Ltd (U.K.), The Walled Company (Australia).
The Wooden category dominated the market in 2022.
The single-size bed had the largest share of the market.
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