Access to all Exclusive Statistical Reports in PDF!
China wall bed market is projected to grow at a CAGR of 8.17% during the forecasted period 2016-2027 at USD 1,111 Million. Among the various regions, Southeast region has become a hub for investments in wall bed market in China.
The provinces mainly Macau, Hong Kong, Shanghai, Beijing, Tianjin and Jiangsu are highly populated among all other regions in China, this factor is major reason behind demand of wall bed in China due to huge manufacturing base for overall bedroom furniture products.
Hong Kong comes under the Southeast region of China. The other cities in this region are Fujian, Guangdong and Jiangxi, among which Guangdong has highest wall bed production. Hong Kong market share was estimated around 38% in the year 2016. Increase in preferences for higher spaces and improved product features like product mechanism, structure and lighter frames is driving the Hong Kong wall bed market.
The China wall bed by region market statistical report published by Market Research future contains a brief overview of China wall bed by region. The market has been segmented on the basis of regions in China as North East, East, Central, Southeast, South and Southwest region to provide a clear picture of the wall bed industry in China. The China wall bed market has been significantly growing over a certain period of time concerning to the increasing population in China along with improving economic condition of consumers. The report analysis the China wall bed market and presents systematic data of market share by region in China and its growth rate for 2015 to 2017, along with forecast till 2027.
Through this report Market Research future aims to provide understanding of the China wall bed market and assists identification of ongoing trends along with anticipated growth in the coming years. For this research extensive primary research was conducted to gain a deeper insight of the market performance. Various industry experts and Key Opinion Leaders (KOLs) were contacted from both supply side and demand side of china wall bed market. The supply side industry experts consisted of CEOs, Directors, Marketing Managers, Sales Mangers, R&D Specialists, Country Manager, and Regional Managers wall bed companies, Retailers, and Distributors amongst others.