Wall Bed Market Research Report - Global Forecast till 2027

Wall Bed Market Research Report: Information by Bed Size (Single and Double), Material Category (Manual and Automated), End Use (Residential and Commercial) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2027

ID: MRFR/CR/0576-HCR | February 2021 | Region: Global | 110 pages

Wall Bed Market Scenario


Wall beds, also called pull-down or fold-down beds, are beds that can be mounted on the walls either horizontally or vertically. Murphy beds are placed on frames, which are made of material such as wood and steel. These beds are growing in demand owing to its space-saving feature, thereby opening up space in a room so that a bedroom can also be used as a living room. The Wall Bed Market is projected to grow with a significant growth rate of 6.2% from 2019 to 2024 and reach a market value of USD 3.1 billion by the end of 2024.

The growing hospitality industry with hotels, motels, and inns equipped with modern amenities are expected to drive the global market growth during the forecast period. Moreover, advancements in the furniture industry and a shift towards convenient products that occupy minimal space are further aiding to the global wall beds market growth. However, wall beds require installation on the walls and are not convenient for people residing in rental homes or on a temporary basis. Additionally, the high cost of wall beds as compared to conventional beds is expected to be a major factor hindering the growth of the global market during the forecast period.


Segmentation


The wall bed market has been segmented based on bed size, category, end use, and region.


The global market has been classified, based on bed size, into single and double.


The global market has been bifurcated, based on category, into manual and automated.


The wall bed industry has been divided, based on end use, into residential and commercial.


Th market has been analyzed for four key regions—North America, Europe, Asia-Pacific, and the rest of the world. The North American market has further been segmented into the US, Canada, and Mexico.


The European market has been classified into the UK, Germany, France, Italy, Spain, and the rest of Europe.


The wall bed industry in Asia-Pacific has been segmented into China, India, Japan, Australia & New Zealand, and the rest of Asia-Pacific. The wall bed industry in the rest of the world has been segmented into South America, the Middle East, and Africa.


Key Players



  • Murphy Wall Beds Hardware Inc. (Canada)

  • Bonbon Trading Ltd (UK)

  • The WallBed Company (Australia)

  • FlyingBeds International (US)

  • Wall Beds Manufacturing (US)

  • The Bedder Way Co. (US)

  • B.O.F.F. Wall Beds (Canada)

  • Wilding Wallbeds (US)

  • Twin Cities Closet Company (US)

  • BESTAR Inc. (US)


Regional Market Summary


Global Wall Bed Market Share (%), by Region, 2018  Wall Bed Market


Source: Secondary Sources and MRFR Analysis


Globally, wall bed market in North America is anticipated to be the dominating market with a market share of 48.53% in 2018 and maintain its dominance by registering the highest growth rate during the forecast period. The growing expat population in the US and Canada and the increasing demand for innovative furniture with ready-to-assemble features are driving the market growth in North America. Furthermore, the growing hospitality sector with hotels, motels, and inns offering advanced services including smart furniture to cross-promote other amenities are expected to aid in the regional market growth during the forecast period.


By Bed Size



  • Single

  • Double


By Category



  • Manual

  • Automated


Global Wall Bed Industry, by End Use



  • Residential

  • Commercial


Global Wall Bed Industry, by Region



  • North America

    • US

    • Canada

    • Mexico





  • Europe

    • Germany

    • France

    • Italy

    • Spain

    • UK

    • Rest of Europe





  • Asia-Pacific

    • Japan

    • China

    • India

    • Australia & New Zealand

    • Rest of Asia-Pacific





  • Rest of the World (RoW)

    • South America

    • Middle East

    • Africa




Intended Audience



  • Wall bed manufacturers

  • Commercial research and development institutions

  • Furniture manufacturers and hospitality industry

  • Raw material suppliers and distributors

  • Retailers, distributors, and wholesalers

  • Traders, exporters, and importers



Frequently Asked Questions (FAQ) :


Wall bed market is projected to grow at a 6.2% CAGR between 2019-2024.

North America is expected to dominate the wall bed market.

Wall bed market is predicted to touch USD 3.1 billion by 2024.

Growing hospitality industry and advancements in the furniture industry are the key factors driving the wall bed market.

High cost may limit the wall bed market growth.