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PUBLISHER: Grand View Research | PRODUCT CODE: 1170996
PUBLISHER: Grand View Research | PRODUCT CODE: 1170996
Smart Bed Market Size, Share & Trends Analysis Report By Application (Residential, Hospital, Hospitality), By Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Online), By Region, And Segment Forecasts, 2022 - 2030
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Smart Bed Market Growth & Trends:
The global smart bed market size is expected to reach USD 4.21 billion by 2030, expanding at a CAGR of 7.0% from 2022 to 2030 according to a new report by Grand View Research, Inc. Technological advancements in sensor-bed solutions offer enhanced sleep thus driving the demand for smart beds. The growing number of smart houses with household items that are technologically integrated will continue to fuel market expansion.
Rising townships, smart cities, commercial buildings, and settlement development projects are attracting investors in the real estate sector, which has risen the quality of residential apartments and is the primary cause of the real estate industry's rapid expansion. Demand for smart beds will continue to increase as housing and commercial development expand, driven by the need to furnish new construction.
In terms of application, the residential segment is projected to have the largest market share in 2021, supported by rising consumer spending on smart home automation and the expansion of the Internet of Things (IoT) throughout the residential infrastructure. People who suffer from recurring sleep issues can keep an eye on their sleeping habits by connecting their smart beds to other smart devices. This will increase household demand for smart products.
Regionally, North America led the industry share in the year 2021 owing to high purchasing power among people who are willing to spend on comfort and luxury items. Home renovation activities, including outdoor, bedroom, home furnishings, kitchens, and technology, witnessed a 15% growth with about USD 85,000 in 2020, according to a Houzz & Home survey of 70,000 Americans.
Noticing the growth potential of smart bed business, many new market participants have emerged over the years. Technology leaders in the business are introducing innovative embedded systems and wireless telecommunications technology. For instance, Hi-Interiors debuted a new iteration of the Hi-Bed in August 2019. The mattress included advanced technology that can track a user's body weight and sleep patterns. It also came with a retractable 70-inch screen, built-in hi-fi sound systems, a 4K projector that can be used with a Bluetooth device, and additional features that can be added to meet the needs of the buyer.
Smart Bed Market Report Highlights:
- Smart bed is expected to witness substantial growth over the forecast period with a CAGR of 7.0% from 2022 to 2030. Construction of homes, hotels, restaurants, and airports is booming, driving the need for comfortable beds and mattresses. This has created a robust growth potential for market players
- The residential segment was valued at USD 1,656.2 million in 2021 and is expected to reach USD 3,011.4 million by 2030. The residential segment's expansion of the market is primarily driven by the trend toward fashionable, modular home furnishings
- The specialty stores segment is expected to witness substantial growth over the forecast period with a CAGR of 7.0% from 2022 to 2030. The expansion of specialty stores is attributed to the ability to choose and compare products and the rise in affluent populations in emerging countries in North America and Europe
- Asia Pacific region is expected to witness substantial growth over the forecast period with a CAGR of 8.0% from 2022 to 2030. Given the increase in purchasing power in China, India, and Japan, as well as the rapidly urbanizing towns and cities and the fast adoption of smartphone use and internet services
Product Code: GVR-4-68038-825-1
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Application Outlook
- 2.3. Distribution channel Outlook
- 2.4. Regional Outlook
Chapter 3. Smart Bed Market Variables, Trends & Scope
- 3.1. Market Introduction
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Impact of COVID-19 on Smart Bed Market
- 3.4. Industry Value Chain Analysis
- 3.4.1. Sales/Retail Channel Analysis
- 3.4.2. Profit Margin Analysis
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Industry Challenges
- 3.5.4. Industry Opportunities
- 3.6. Business Environment Analysis
- 3.6.1. Industry Analysis - Porter's
- 3.6.1.1. Supplier Power
- 3.6.1.2. Buyer Power
- 3.6.1.3. Substitution Threat
- 3.6.1.4. Threat from New Entrant
- 3.6.1.5. Competitive Rivalry
- 3.6.1. Industry Analysis - Porter's
- 3.7. Roadmap of Smart Bed Market
- 3.8. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
- 4.1. Demographic Analysis
- 4.2. Consumer Trends and Preferences
- 4.3. Factors Affecting Buying Decision
- 4.4. Consumer Product Adoption
- 4.5. Observations & Recommendations
Chapter 5. Smart Bed Market: Application Estimates & Trend Analysis
- 5.1. Application Movement Analysis & Market Share, 2021 & 2030
- 5.2. Residential
- 5.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 5.3. Hospital
- 5.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 5.4. Hospitality
- 5.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 5.5. Others
- 5.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
Chapter 6. Smart Bed Market: Distribution Channel Estimates & Trend Analysis
- 6.1. Distribution Channel Movement Analysis & Market Share, 2021 & 2030
- 6.2. Supermarkets/Hypermarkets
- 6.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 6.3. Specialty Stores
- 6.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 6.4. Online
- 6.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 6.5. Others
- 6.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
Chapter 7. Smart Bed Market: Regional Estimates & Trend Analysis
- 7.1. Regional Movement Analysis & Market Share, 2021 & 2030
- 7.2. North America
- 7.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.2.2. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
- 7.2.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.2.4. U.S.
- 7.2.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.2.4.2. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
- 7.2.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.2.5. Canada
- 7.2.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.2.5.2. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
- 7.2.5.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.3.2. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
- 7.3.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.3.4. U.K.
- 7.3.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.3.4.2. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
- 7.3.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.3.5. Germany
- 7.3.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.3.5.2. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
- 7.3.5.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.3.6. France
- 7.3.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.3.6.2. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
- 7.3.6.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.4.2. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
- 7.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.4.4. China
- 7.4.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.4.4.2. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
- 7.4.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.4.5. India
- 7.4.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.4.5.2. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
- 7.4.5.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.4.6. Japan
- 7.4.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.4.6.2. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
- 7.4.6.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.5. Central & South America
- 7.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.5.2. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
- 7.5.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.5.4. Brazil
- 7.5.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.5.4.2. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
- 7.5.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.6. Middles East & Africa
- 7.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.6.2. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
- 7.6.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 7.6.4. UAE
- 7.6.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.6.4.2. Market estimates and forecast, by application, 2017 - 2030 (USD Million)
- 7.6.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
Chapter 8. Competitive Analysis
- 8.1. Key global players, recent developments & their impact on the industry
- 8.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
- 8.3. Vendor Landscape
- 8.3.1. Key company market share analysis, 2021
Chapter 9. Company Profiles
- 9.1. PARAMOUNT BED CO., LTD
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Strategic Initiatives
- 9.2. ReST
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Strategic Initiatives
- 9.3. Sleep Number Corporation
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Strategic Initiatives
- 9.4. Ascion, LLC.
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Strategic Initiatives
- 9.5. Hi-Interiors srl
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Strategic Initiatives
- 9.6. Ultimate Smart Bed
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Strategic Initiatives
- 9.7. The BodiTrak
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Strategic Initiatives
- 9.8. Hill Rom Holdings Inc.
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Strategic Initiatives
- 9.9. Invacare Corporation
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Strategic Initiatives
- 9.10. Stryker Corporation
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Strategic Initiatives
Product Code: GVR-4-68038-825-1
List of Tables
- 1. Smart bed market - Driving factor analysis
- 2. Smart bed market - Restraint factor analysis
- 3. Residential smart bed market estimates and forecast, 2017 - 2030 (USD Million)
- 4. Hospital smart bed market estimates and forecast, 2017 - 2030 (USD Million)
- 5. Hospitality smart bed market estimates and forecast, 2017 - 2030 (USD Million)
- 6. Other smart bed market estimates and forecast, 2017 - 2030 (USD Million)
- 7. Smart bed market through supermarkets/hypermarkets estimates and forecast, 2017 - 2030 (USD Million)
- 8. Smart bed market through specialty stores estimates and forecast, 2017 - 2030 (USD Million)
- 9. Smart bed market through online estimates and forecast, 2017 - 2030 (USD Million)
- 10. Smart bed market through other channel estimates and forecast, 2017 - 2030 (USD Million)
- 11. North America smart bed market estimates and forecast, 2017 - 2030 (USD Million)
- 12. North America smart bed market estimates and forecast, by application, 2017 - 2030 (USD Million)
- 13. North America smart bed market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 14. U.S. smart bed market estimates and forecast, 2017 - 2030 (USD Million)
- 15. U.S. smart bed market estimates and forecast, by application, 2017 - 2030 (USD Million)
- 16. U.S. smart bed market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 17. Canada smart bed market estimates and forecast, 2017 - 2030 (USD Million)
- 18. Canada smart bed market estimates and forecast, by application, 2017 - 2030 (USD Million)
- 19. Canada smart bed market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 20. Europe smart bed market estimates and forecast, 2017 - 2030 (USD Million)
- 21. Europe smart bed market estimates and forecast, by application, 2017 - 2030 (USD Million)
- 22. Europe smart bed market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 23. U.K. smart bed market estimates and forecast, 2017 - 2030 (USD Million)
- 24. U.K. smart bed market estimates and forecast, by application, 2017 - 2030 (USD Million)
- 25. U.K. smart bed market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 26. Germany smart bed market estimates and forecast, 2017 - 2030 (USD Million)
- 27. Germany smart bed market estimates and forecast, by application, 2017 - 2030 (USD Million)
- 28. Germany smart bed market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 29. France smart bed market estimates and forecast, 2017 - 2030 (USD Million)
- 30. France smart bed market estimates and forecast, by application, 2017 - 2030 (USD Million)
- 31. France smart bed market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 32. Asia Pacific smart bed market estimates and forecast, 2017 - 2030 (USD Million)
- 33. Asia Pacific smart bed market estimates and forecast, by application, 2017 - 2030 (USD Million)
- 34. Asia Pacific smart bed market estimates and forecasts by distribution channel, 2017 - 2030 (USD Million)
- 35. China smart bed market estimates and forecasts, 2017 - 2030 (USD Million)
- 36. China smart bed market estimates and forecasts, by application, 2017 - 2030 (USD Million)
- 37. China smart bed market estimates and forecasts, by distribution channel, 2017 - 2030 (USD Million)
- 38. India smart bed market estimates and forecasts, 2017 - 2030 (USD Million)
- 39. India smart bed market estimates and forecast, by application, 2017 - 2030 (USD Million)
- 40. India smart bed market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 41. Japan smart bed market estimates and forecasts, 2017 - 2030 (USD Million)
- 42. Japan smart bed market estimates and forecast, by application, 2017 - 2030 (USD Million)
- 43. Japan smart bed market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 44. Central and South America smart bed market estimates and forecast, 2017 - 2030 (USD Million)
- 45. Central and South America smart bed market estimates and forecast, by application, 2017 - 2030 (USD Million)
- 46. Central and South America smart bed market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 47. Brazil smart bed market estimates and forecast, 2017 - 2030 (USD Million)
- 48. Brazil smart bed market estimates and forecast, by application, 2017 - 2030 (USD Million)
- 49. Brazil smart bed market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 50. Middle East & Africa smart bed market estimates and forecast, 2017 - 2030 (USD Million)
- 51. Middle East & Africa smart bed market estimates and forecast, by application, 2017 - 2030 (USD Million)
- 52. Middle East & Africa smart bed market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 53. UAE smart bed market estimates and forecast, 2017 - 2030 (USD Million)
- 54. UAE smart bed market estimates and forecast, by application, 2017 - 2030 (USD Million)
- 55. UAE smart bed market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 56. Key company categorization
List of Figures
- 1. Smart Bed market segmentation
- 2. Information procurement
- 3. Primary research pattern
- 4. Primary research approaches
- 5. Primary research process
- 6. Smart bed market - Product penetration & growth prospect mapping
- 7. Smart bed market - Value chain analysis
- 8. Smart bed market: Porter's Five Forces analysis
- 9. Roadmap of Smart Bed market
- 10. Smart bed market: Application share (value %) analysis, 2021 & 2030
- 11. Smart bed market: Distribution channel share (value %) analysis, 2021 & 2030
- 12. Smart bed market: Regional share (value %) analysis, 2021 & 2030
- 13. Smart bed market: Estimated company market share analysis, 2021 (%)
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