Global Smart Bed Market Size, Share, and COVID-19 Impact Analysis, By Application (Residential, Hospital, Hospitality), By Type (Manual, Semi-Automatic, Automatic), By Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Online), by Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2021 – 2030Industry: Consumer Goods
Global Smart Bed Market Insights Forecasts to 2030
- The Smart Bed market was valued at USD 3.6 billion in 2021.
- The market is growing at a CAGR of 5.6% from 2022 to 2030
- The global Smart Bed market is expected to reach USD 5.5 billion by 2030
- Asia Pacific is expected to grow the fastest during the forecast period
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The Global Smart Bed Market is expected to reach USD 5.5 billion by 2030, at a CAGR of 5.6% during the forecast period 2022 to 2030. The demand for the global smart bed market is being driven by the rise in sensor-based advanced technologies for restful sleep. The market will rise as smart houses with technologically advanced household goods become more prevalent.
A form of technologically enhanced bed known as a "smart bed" enables users to go beyond the basic features of their beds by automatically altering the settings of the bed to the users' comfort. Smart beds offer health advantages while also enhancing user comfort. Smart beds use cutting-edge features and technology that enable comfortable adjustments and connectivity while you sleep. Just a few of the features available include sleep tracking, auto-mattress firmness adjustment, climate control, smart fabric technology, adjustable bases, anti-snoring function, IoT, and smart home connectivity. Pressure mapping, which tracks and evaluates pressure on bodily joints that may result in health issues, led to the development of smart beds. These mattresses will also monitor things like heart rate, blood pressure, motions, air pressure, and snoring. With sales increasing slowly, the smart bed business is still in the early stages of mass production. Good sleep enhances productivity, reduces discomfort, keeps individuals healthy, and makes them happy. The topic of getting a good night's sleep is receiving a lot of attention as the prevalence of sleep problems among adults is on the rise. As a result, smart beds offer a lot of promise.
This research report categorizes the market for Smart Bed market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Smart Bed market. Recent market developments and competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the Smart Bed market.
Global Smart Bed Market Report Coverage
|Market Size in 2021:||USD 3.6 Billion|
|Forecast Period:||2021 - 2030|
|Forecast Period 2021 - 2030 CAGR:||5.6%|
|2030 Value Projection:||USD 5.5 Billion|
|Historical Data for:||2017 - 2020|
|No. of Pages:||210|
|Tables, Charts & Figures:||120|
|Segments covered:||By Application, By Type, By Distribution, By Region|
|Companies Covered:||PARAMOUNT BED CO., LTD., ReST, Sleep Number Corporation, Ascion, LLC., Hi-Interiors srl, Ultimate Smart Bed, The BodiTrak, Hill Rom Holdings Inc., Invacare Corporation, Stryker Corporation.|
|Pitfalls & Challenges:||COVID-19 Empact, Challenge, Future, Growth, & Analysis|
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As smart beds are utilised more frequently in the healthcare sector, the market for them is growing. A thermostat, blood pressure monitors, air pressure sensors, and other modern devices are already being used by businesses to make smart beds. The growth of smart hospitals is therefore expected to pick up steam in the future years as innovations in smart beds present market vendors with lucrative potential. The global smart bed market is expanding as a result of rising disposable income, which encourages consumers to buy luxurious and comfortable items. The demand for the global smart bed market will be fueled by consumers' growing knowledge of the advantages of smart beds. Change in lifestyle as a result of people's increased demand for AI-enhanced technology products. Today's population is also becoming more health concerned, which has an impact on the global smart bed industry.
The manufacturing and selling of the finished products under which various trademarks that may damage the company image under which the products is being sold. Counterfeiters can enter into the distribution channel to sell the fake products. This is hamper the consumer requirements.
- In 2021, the Residential segment will dominate the market with the largest market share.
On the basis of application, the global smart bed market is segmented into Residential, Hospital, Hospitality. Among these, the residential segment will dominate the market with the largest market share over the forecast period because more people are combining home remodelling projects with fashionable, modular furniture. The worldwide residential segment has developed as a result of better living circumstances and the desire for a better lifestyle, which has favourably impacted the size of the industry.
- In 2021, the Manual segment is expected to grow with the highest CAGR.
Based on the type, the global smart bed market is segmented into manual, semi-automatic, automatic. Among these, the manual segment is expected to grow with the highest CAGR over the forecast period.
- In 2021, the Online segment will dominate the market with the largest market share over the forecast period.
On the basis of distribution channel, the global smart bed market is segmented into Supermarkets/Hypermarkets, Specialty Stores, Online. Among these, the online segment will dominate the market with the largest market share over the forecast period. The online market is expected to experience significant growth because well-known smart home electronics manufacturers are present on online marketplaces. The segment will develop as a result of the quick accessibility of items across platforms, the abundance of discounts with cashback incentives, and the simplicity of returns.
Regional Segment Analysis of the Smart Bed Market
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Rest of APAC)
- South America (Brazil and the Rest of South America)
- The Middle East and Africa (UAE, South Africa, Rest of MEA)
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North America dominates the market with the largest market share over the forecast period.
Among all other regions, North America dominates the market with the largest market share of 60% over the forecast period. The market for smart beds will be fueled by the local high-income population, which favours a variety of intelligent home-lifestyle solutions for comfort and ease. Customers spend money on security, automation, and other regulated accessories, which contributes to the development of smart technologies. Furthermore, the region has grown a sizable IoT base that spans both residential and non-residential locations.
- In August 2020, to encourage enjoyment and well-being in the bedroom, Hi Interiors Srl designed a four-poster bed connected with fascinating elements like HiAm. For entertainment while you're in bed, the HiAm bed boasts a 70-inch screen, an audio system, ambient reading lights, and a 4K projector.
The report offers the appropriate analysis of the key organizations/companies involved within the global Smart Bed market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- PARAMOUNT BED CO., LTD.
- Sleep Number Corporation
- Ascion, LLC.
- Hi-Interiors srl.
- Ultimate Smart Bed
- The BodiTrak
- Hill Rom Holdings Inc.
- Invacare Corporation
- Stryker Corporation
Key Target Audience
- Market Players
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
This study forecasts revenue at global, regional, and country levels from 2021 to 2030. Spherical Insights has segmented the global Smart Bed market based on the below-mentioned segments:
Smart Bed Market, By Application
Smart Bed Market, By Type
Smart Bed Market, By Distribution Channel
- Specialty Stores
Smart Bed Market, Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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