The adjustable bed base and bed set market size is expected to post a CAGR of close to 9% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report
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Technavio has announced its latest market research report titled global adjustable bed base and bed set market 2019-2023 (Graphic: Business Wire)
The growth in the construction market is one of the major reasons for the adjustable bed base and bed set market growth. There has been significant increase in the purchase volume of houses, especially in the US. The growing population, and economic prosperity has led to an increase in the construction of new privately-owned housing units. This is boosting the demand for furniture and furnishing products such as adjustable bed base and bed sets. End-users in the residential and commercial sectors prefer adjustable bed base and bed sets to enhance the aesthetics of interiors of newly-built residential establishments.
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As per Technavio, the increased adoption of smart adjustable bed base and bed set will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Adjustable Bed Base and Bed Set Market: Increased Adoption of Smart Adjustable Bed Base and Bed Set
The increased adoption of smart adjustable bed base and bed set will drive the adjustable bed base and bed set market. Smart adjustable bed base and bed set products come with advanced features, user-friendly interface, and aesthetic designs. Such beds are ideal for improving sleeping posture, foot warming, working, and relaxing. For instance, Sleep Number Corporation introduced FLEXFIT 3 with smartphone connectivity features, partner snore technology, and underbed lighting.
"Other factors such as the increased M&A activities, and growing demand for multi-functional adjustable bed base will have a significant impact on the growth of the adjustable bed base and bed set market value during the forecast period," says a senior analyst at Technavio.
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Adjustable Bed Base and Bed Set Market: Segmentation Analysis
This market research report segments the adjustable bed base and bed set market by end-user (residential and non-residential) and distribution channel (offline and online) and geographical regions (APAC, EMEA, and Americas).
The Americas led the market in 2018, followed by APAC and EMEA respectively. The growth of the adjustable bed base and bed base set market share in the Americas can be attributed to the establishment of strict regulations for the setting up of proper infrastructure and furniture suitable for medical practices.
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Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Landscape
- Geographic Segmentation
- Geographiccomparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Landscape disruption
- Competitive scenario
Vendor Analysis
- Vendors covered
- Vendor classification
- Market positioning of vendors
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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