North America Wall Beds Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 6.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
North America Wall Beds Market Analysis
The North America wall beds market has generated revenue of USD 560.12 million in the current year and is poised to achieve a CAGR of more than 6% for the forecast period.
- The North American wall beds are also known as the Murphy wall beds. Murphy beds are supported by frames composed of materials such as wood and steel. These beds are becoming popular in North America as a result of their space-saving function, which allows a bedroom to double as a living area. The growth of the wall bed industry is being fueled by an increase in the use of beds and the purchase of studio flats.
- During the initial stage of COVID-19, due to supply chain disruptions, the market experienced losses due to stoppage in manufacturing and distribution services. Later, due to lockdowns and work-from-home culture, the demand for wall beds rose. Post-COVID, the market is experiencing gradual growth according to seasonal demand fluctuations.
- The rising population and widespread co-living concept are anticipated to propel the growth of the North American wall bed market. Moreover, the increased standard of living and awareness of home decor has propelled the growth of the wall bed market. This has increased the demand for wall beds due to confined spaces and the multipurpose use of these wall beds. The growing use in the construction of studio apartments is expected to bring opportunities for the North American wall bed market.
North America Wall Beds Market Trends
Rising Population and Widespread Concept of Co-Living
- The housing market in North America has undergone significant changes in recent years, driven by evolving needs, preferences, and various factors. Rapid urbanization has increased the demand for housing in cities and urban areas. People are attracted to urban environments for job opportunities, amenities, and convenience.
- As a result, the demand for housing in cities has surged, creating a need for innovative housing solutions like wall beds. Co-living is a modern housing concept that brings together individuals or small groups to live together in shared spaces.
- Co-living startups are emerging as a popular trend in the real estate industry in North America. Thus rising population and the widespread concept of co-living are expected to propel the growth of the North American wall bed market.
Raise of Residential Construction
- The rising population and the expanding notion of nuclear households have propelled the North American wall bed market. As the population shifts from rural to urban regions, room sizes shrink, necessitating the use of wall beds.
- Another reason that boosts the use of wall beds is the rise in studio apartment buildings in North America. Studio apartment dwellers are limited in terms of space and storage. Wall beds make it possible to transform a living area into a bedroom or vice versa.
- Another factor driving up demand for wall beds is by use of these products as home decor. House furnishing businesses utilize wall beds to create invisible beds in the room.
North America Wall Beds Industry Overview
The North American wall bed market is a fragmented industry that has witnessed significant growth in recent years, driven by the rising demand for space-saving furniture solutions in residential and commercial spaces. Manufacturers in North America are developing innovative wall beds to attract clients and improve sales. Some of the major market players engaged in the North American wall bed market are SICO Incorporated, Wilding Wallbeds, Wall Beds Manufacturing, Inc., Zoom Room Inc, and B.O.F.F. Wall Beds,
North America Wall Beds Market Leaders
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SICO
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Wilding Wallbeds
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Wall Beds Manufacturing
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Zoom Room Inc
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B.O.F.F. Wall Beds
*Disclaimer: Major Players sorted in no particular order
North America Wall Beds Market News
- January 2023: Bestar Modern Home and Office Furniture announced a private equity partnership with MB Capital, marking a significant milestone in their business expansion efforts.
- March 2022: SICO and Office Furniture successfully acquired Bush Industries, a prominent American manufacturer specializing in case goods and ready-to-assemble (RTA) furniture for both office and home environments. This strategic move has significantly bolstered the company's customer base and market presence.
Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Customizing of Wall Beds are Driving the Market
4.3 Market Restraints
4.3.1 Availability of Alternatives
4.4 Market Opportunities
4.4.1 Technological Advancements in Wall Beds Market
4.5 Industry Value Chain Analysis
4.6 Industry Attractiveness - Porters' Five Forces Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitutes
4.6.5 Intensity of Competitive Rivalry
4.7 Insights on Technology Innovation in the Market.
4.8 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Material
5.1.1 Wood
5.1.2 Metal
5.1.3 Other Materials
5.2 By Capacity
5.2.1 King Size
5.2.2 Queen Size
5.2.3 Other Sizes
5.3 By Operation
5.3.1 Manual
5.3.2 Automatic
5.3.3 Hybrid
5.4 By Distribution Channel
5.4.1 Multi brands store
5.4.2 Speciality Store
5.4.3 Online
5.4.4 Other Distribution Channels
5.5 By Geography
5.5.1 US
5.5.2 Canada
5.5.3 Rest of North America
6. COMPETITIVE LANDSCAPE
6.1 Market Concetration Overview
6.2 Company Profiles
6.2.1 SICO
6.2.2 Wilding Wallbeds
6.2.3 Wall Beds Manufacturing
6.2.4 Zoom Room Inc
6.2.5 B.O.F.F. Wall Beds
6.2.6 Twin Cities Closet Company
6.2.7 Wallbeds & Closets North West
6.2.8 Bestar Modern Home and Office furniture
6.2.9 The Bedder Way Co
6.2.10 Murphy Wall Beds Hardware Inc*
- *List Not Exhaustive
7. MARKET FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
North America Wall Beds Industry Segmentation
A wall bed is a bed that is hinged at one end to store vertically against the wall or inside a closet or cabinet. Murphy beds are considered multifunctional furniture.
North America wall beds market is segmented by material (wood, metal, and other materials), by size (king size, queen size, other sizes), by distribution channel (multiband stores, specialty stores, online and other distribution channels), and by geography (US, Canada, and Rest of North America).
The report offers market size and forecasts in value (USD) for all the above segments.
| By Material | |
| Wood | |
| Metal | |
| Other Materials |
| By Capacity | |
| King Size | |
| Queen Size | |
| Other Sizes |
| By Operation | |
| Manual | |
| Automatic | |
| Hybrid |
| By Distribution Channel | |
| Multi brands store | |
| Speciality Store | |
| Online | |
| Other Distribution Channels |
| By Geography | |
| US | |
| Canada | |
| Rest of North America |
Frequently Asked Questions
What is the current North America Wall Beds Market size?
The North America Wall Beds Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in North America Wall Beds Market?
SICO , Wilding Wallbeds, Wall Beds Manufacturing, Zoom Room Inc and B.O.F.F. Wall Beds are the major companies operating in the North America Wall Beds Market.
What years does this North America Wall Beds Market cover?
The report covers the North America Wall Beds Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the North America Wall Beds Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
North America Wall Beds Industry Report
Statistics for the 2024 North America Wall Beds market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. North America Wall Beds analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
