Portable Beds Market Analysis North America, Europe, APAC, Middle East and Africa, South America - US, China, Germany, UK, Japan - Size and Forecast 2024-2028

Portable Beds Market Size 2024-2028

The portable beds market size is forecast to increase by USD 1.95 billion at a CAGR of 7.1% between 2023 and 2028.

• The market is experiencing significant growth due to several key trends. The rapid expansion of urbanization, particularly in North America, has led to an increase in demand for compact and convenient sleeping solutions. Additionally, the rise of e-commerce and the increasing popularity of online retail channels have facilitated the distribution of portable beds, making them more accessible to consumers. However, the market also faces challenges, such as the availability of alternative products, including inflatable mattresses and foldable camping cots. Producers must differentiate themselves by offering unique features, competitive pricing, and excellent customer service to remain competitive in this dynamic market.

What will be the Size of the Portable Beds Market During the Forecast Period?

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• The market is experiencing significant growth due to the increasing demand for lightweight, mobile, and compact solutions for various applications. These beds, often featuring foldable metal frames, are available in a range of materials such as plastic, lightweight wood, linen, canvas, and nylon. Online retailers dominate the sales channel for these multipurpose portable beds, catering to residential and non-residential sectors, including healthcare institutions, tiny spaces in real estate, and renting apartments for urban living and dual-income households.
• Moreover, portability, compact storage, and mobility are key factors driving the market, with materials science leading to advancements in foam portable beds for the hospitality sector. The market trends include the use of premium materials and models, as well as increasing adoption in non-traditional markets like temporary beds for events and emergency situations.

How is this Portable Beds Industry segmented and which is the largest segment?

The portable beds industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

• Distribution Channel
  • Offline
  • Online
• Geography
  • North America
    • US
  • Europe
    • Germany
    • UK
  • APAC
    • China
    • Japan
  • Middle East and Africa
  • South America

By Distribution Channel Insights

• The offline segment is estimated to witness significant growth during the forecast period.

The market experienced significant growth in 2023, with the offline segment leading the market due to consumers' preference for in-person product inspection. Retail outlets offer various advantages, including discounts, product quality checks, and post-sale services such as warranties. These benefits attract customers and contribute to the segment's continued expansion. Portable beds cater to various sectors, including healthcare institutions, nursing homes, educational institutions, and temporary accommodations, due to their compact size and ease of use. With increasing healthcare spending and the growing need for comfortable sleeping solutions for individuals experiencing back pain or joint discomfort, the demand for portable beds is expected to remain strong during the forecast period.

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The offline segment was valued at USD 2.66 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

• APAC is estimated to contribute 35% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The market in North America is experiencing growth, with the United States leading the way due to the increase in online shopping and the demand for lightweight, portable sleeping solutions. Canada's market is expanding due to increased outdoor activities, urbanization, and the need for versatile sleeping arrangements. The popularity of camping and the travel and hospitality sectors' use of portable beds for budget-friendly accommodations in hostels and motels are significant factors driving market growth. In 2023, the top three countries in North America's market were the United States, Canada, and Mexico. This market's expansion can be attributed to the convenience and ease of use of portable beds, making them an attractive option for various applications.

Market Dynamics

Our portable beds market researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the key market drivers leading to the rise In the adoption of Portable Beds Industry?

Rapid growth in urbanization is the key driver of the market.

• The market is witnessing significant growth due to the increasing trend of urbanization and the need for compact, multifunctional furniture in small living spaces. Lightweight and foldable beds, made of materials such as lightweight wood, plastic, and foldable metal frames, have gained popularity in both residential and non-residential applications. These beds offer support and comfort to individuals experiencing back pain or joint discomfort, making them ideal for nursing homes, hospitals, hotels, restaurants, hostels, healthcare centers, and studio apartments. The market for portable beds is expanding as urbanization continues to increase, particularly in developing countries. Urban development expenditures have risen significantly, with India experiencing an eight-fold increase over the last six years.
• In addition, this growth in urbanization has led to an increased focus on compact, space-saving furniture for residential and commercial buildings. Portable beds offer convenience for dual-income households, solo travelers, and those renting apartments. They are also used in temporary accommodation, travel and adventure tourism, and outdoor use. The market for portable beds includes a range of products, from basic foldable beds to premium models made of foam and glass. Materials science has played a crucial role In the development of portable beds, allowing for the creation of lightweight and durable frames and covers made of materials such as linen, canvas, and nylon.

What are the market trends shaping the Portable Beds Industry?

Rising demand for distribution through online retails and channels is the upcoming market trend.

• The market is witnessing significant growth due to the increasing demand for lightweight and compact solutions for small living spaces. Manufacturers are responding to this trend by producing foldable beds with foldable metal frames and various materials such as plastic, lightweight wood, linen, canvas, and nylon. These portable beds offer multifunctionality, spacesaving, and mobility, making them ideal for urbanization, residential construction, and nonresidential applications including hospitals, hotels, restaurants, hostels, healthcare centers, and studio apartments. The real estate business and renting apartments are also driving the demand for portable beds, especially in temporary accommodation and outdoor use for travel and tourism, solo travelers, and dual-income households.
• Moreover, online shopping is a convenient option for customers, with e-commerce platforms like Amazon.Com Inc. And Pepperfry Pvt. Ltd. Offering a wide range of portable beds. Discounts and offers from these retailers are further increasing sales. The market for portable beds is expected to continue growing due to increasing healthcare spending, the need for support and comfort for individuals with back pain or joint discomfort, and the trend towards premium models using advanced materials science, such as foam portable beds.

What challenges does the Portable Beds Industry face during its growth?

Availability of alternative products is a key challenge affecting the industry growth.

• The market has experienced notable growth due to the increasing demand for lightweight, mobile, and compact beds. Foldable metal frames and beds made of plastic, lightweight wood, linen, canvas, and nylon are popular choices for small living spaces and multifunctional furniture. These portable beds offer superior portability, convenience, and mobility, making them ideal for urbanization, residential construction, and nonresidential applications. The healthcare sector, including hospitals, hotels, restaurants, hostels, and healthcare centers, has shown a significant interest in portable beds for their compact size and support and comfort features. These beds cater to the needs of nursing homes, educational institutions, and temporary accommodation.
• Furthermore, the real estate business and renting apartments have also embraced portable beds as they save spacesaving and offer convenience to dual-income households and solo travelers. The market for portable beds is diverse, with various materials and designs available, such as foam portable beds and multipurpose portable beds with foldable metal frames. The premium models offer advanced features, including support and comfort for individuals with back pain or joint discomfort. Materials science has played a crucial role In the development of portable beds, ensuring durability and comfort. Online retailers have made it easier for consumers to purchase portable beds, offering a wide range of options and convenience.

Exclusive Customer Landscape

The portable beds market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the portable beds market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, portable beds market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the industry.

The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• BOFF
• BESTAR Inc.
• Clei Srl
• Closets Unlimited of New Jersey Inc.
• Murphy Wall Beds Hardware Inc.
• Newell Brands Inc.
• Pepperfry Pvt. Ltd.
• Sedac Mecobel NV SA
• SICO Inc.
• Spaceman Innovations Pte Ltd.
• The Bedder Way Co.
• The London Wallbed Co.
• Twin Cities Closet Co.
• Wall Beds Manufacturing Inc.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Research Analyst Overview

The portable beds market is witnessing significant growth due to the increasing demand for space-saving solutions in both residential and non-residential applications. The trend towards urbanization and smaller living spaces has led to an increase In the popularity of portable beds, which offer the convenience of easy mobility and compactness. Portable beds come in various designs and materials, including lightweight metal frames and foldable models made of plastic, lightweight wood, linen, canvas, or nylon. These beds are ideal for small living spaces, such as studio apartments, and cater to the needs of nuclear families, rented apartments, and temporary accommodation.

Moreover, the market for portable beds is not limited to residential use alone. The hospitality sector, including hotels, restaurants, hostels, and healthcare centers, is also a significant consumer of these beds. In healthcare institutions, portable beds provide essential support and comfort to patients with back pain or joint discomfort. In educational institutions, they serve as temporary beds for students during events or emergencies. Portable beds offer multifunctionality, making them an attractive option for dual-income households and urban living. These beds can be transformed into bookshelves or other furniture pieces when not in use, making them an essential addition to small living spaces.

Furthermore, the real estate business is also benefiting from the growing popularity of portable beds. In the rental market, landlords can offer tenants the convenience of a portable bed, which can be easily moved or stored when not in use. Online shopping has made it easier for consumers to purchase portable beds from the comfort of their homes, with online retailers offering a wide range of options. The market for portable beds is continually evolving, with new materials and designs emerging. For instance, foam portable beds offer superior comfort and support, while premium models come with advanced features such as adjustable heights and built-in storage solutions.

In addition, the materials science behind portable beds is also advancing, with manufacturers exploring new materials and technologies to create lighter, stronger, and more durable frames. The use of materials such as glass and advanced foams is becoming increasingly common In the market. Portable beds offer a range of benefits, including convenience, mobility, and compact storage. They are an essential solution for those with limited space, whether it be in a small apartment, a healthcare institution, or a temporary accommodation. The market for portable beds is expected to continue growing, driven by urbanization, the need for multifunctional furniture, and the increasing demand for space-saving solutions.

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What are the Key Data Covered in this Portable Beds Market Research and Growth Report?

• CAGR of the Portable Beds industry during the forecast period
• Detailed information on factors that will drive the Portable Beds growth and forecasting between 2024 and 2028
• Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
• Accurate predictions about upcoming growth and trends and changes in consumer behaviour
• Growth of the market across North America, Europe, APAC, Middle East and Africa, and South America
• Thorough analysis of the market's competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the portable beds market growth of industry companies

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