Market Size of US Daybeds Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2020 - 2022 |
CAGR | 4.00 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
US Daybeds Market Analysis
The United States daybeds market is valued at about USD 245 million in the current year and is expected to register a CAGR of 4% more than during the forecast period.
- The demand for home furnishings and renovations in the United States is anticipated to be buoyed by an increase in disposable income. This is expected to contribute to the growth of the domestic furniture and bedding industry, such as daybeds in the United States. Home remodeling is becoming increasingly popular among American households, as it encompasses a variety of activities such as converting, altering, improving, modernizing, repairing, and replacing furniture, thus contributing to the overall market growth.
- Manufacturers in the furniture industry mainly focus on the design of daybeds for small apartments and residential buildings. The increasing population density of metropolitan areas and the rising cost per square meter in urban areas are reducing the size of apartments and increasing the demand for daybeds.
- The growth in the daybeds market can be mainly attributed to the increasing demand for furniture in hotels and resorts, in open spaces, and public gardens. Hotels and restaurants are expected to be a major contributor to the growth of the industry in the next few years. Consumers' attention is shifting to improving their living areas to offer more attractive and comfortable designs for balconies and gardens, as well as porches.
- The furniture market, which has been growing steadily for some time, has experienced a surge in demand after the COVID-19 pandemic. Also, people began to recognize the advantages of outdoor activities for both physical and mental well-being. As a result, outdoor furniture investments have seen a significant increase in the subsequent years.
US Daybeds Industry Segmentation
A daybed is a piece of furniture that can be used not only as a bed but also as a place to sit, recline, and relax in a shared living space.
The United States daybeds market is segmented by type (indoor and outdoor), by size (twin, queen size, and king size), by application (residential and commercial), by material (wood, metal, and other materials), and by distribution channel (online and offline).
The report offers market size and forecasts in value (USD) for all the above segments.
By Type | |
Indoor | |
Outdoor |
By Size | |
Twin Size | |
Queen Size | |
King Size |
By Application | |
Residential | |
Commercial |
By Material | |
Wood | |
Metal | |
Others |
By Distribution Channel | |
Online | |
Offline |
US Daybeds Market Size Summary
The United States daybeds market is experiencing a steady growth trajectory, driven by an increase in disposable income and a rising interest in home renovations. This trend is contributing to the expansion of the domestic furniture and bedding industry, with daybeds gaining popularity due to their space-saving design, particularly in urban areas where apartment sizes are shrinking. The market is further bolstered by the demand for daybeds in hotels, resorts, and public spaces, as consumers seek to enhance their living areas with more attractive and comfortable outdoor and indoor designs. The post-pandemic surge in outdoor activities has also led to a significant increase in investments in outdoor furniture, including daybeds, as people recognize the benefits of outdoor living for their well-being.
The growth of the daybeds market is closely linked to the residential construction boom in the United States, with factors such as new home construction and the sale of existing homes driving demand. As more individuals and families enjoy higher disposable incomes and favorable lending conditions, the demand for quality and durable furniture products, like daybeds, continues to rise. The outdoor furniture segment is expanding rapidly, fueled by the growing popularity of leisure activities and outdoor dining facilities. The market is characterized by fragmentation, with major players like Ashley Furniture Industries Inc., Brown Jordan Inc., and Inter IKEA Systems BV leading the charge. Recent developments, such as Ashley Furniture's new distribution facility and Home Depot's New Homeowners Hub, highlight the ongoing efforts to enhance customer service and support in the home improvement sector.
US Daybeds Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.1.1 Rise in the Number of Hotels and Outdoor Restaurants
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1.2 Market Restraints
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1.2.1 High Maintenance of Outdoor Daybeds due to Changing Weather Conditions
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1.3 Market Opportunities
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1.3.1 The Demand for Technological Advancements of Daybeds Products
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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1.5 Impact of COVID-19 on the market
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1.6 Insights on technological advancements in the daybeds market
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Indoor
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2.1.2 Outdoor
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2.2 By Size
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2.2.1 Twin Size
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2.2.2 Queen Size
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2.2.3 King Size
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2.3 By Application
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2.3.1 Residential
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2.3.2 Commercial
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2.4 By Material
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2.4.1 Wood
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2.4.2 Metal
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2.4.3 Others
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2.5 By Distribution Channel
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2.5.1 Online
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2.5.2 Offline
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US Daybeds Market Size FAQs
What is the current US Daybeds Market size?
The US Daybeds Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in US Daybeds Market?
Ashley Furniture Industries Inc., Brown Jordan Inc., Inter IKEA Systems BV, Home Depot Product Authority LLC and Barbeques Galore are the major companies operating in the US Daybeds Market.