US Wall Beds Market Size (2024 - 2029)

The United States wall beds market is experiencing growth driven by the demand for space-efficient furniture solutions, particularly in homes where space is limited. The market's expansion is further supported by the increasing need for multi-functional living spaces, a trend accelerated by the pandemic. Additionally, the rising awareness of environmental sustainability is boosting the demand for eco-friendly wall beds. Opportunities for market growth are also present in the home renovation sector and through the establishment of a robust online shopping presence, enhancing customer engagement and sales.

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Market Size of US Wall Beds Industry

US Wall Beds Market Summary
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

US Wall Beds Market Major Players

*Disclaimer: Major Players sorted in no particular order

US Wall Beds Market Analysis

The United States wall beds market has generated revenue of USD 336.56 billion in the current year and is poised to achieve a CAGR of more than 6% for the forecast period.

  • The United States wall beds are also known as the Murphy wall beds. Murphy beds are beds that are hinged at one end and can be stored vertically against the wall. Wall beds are available for residential and commercial purposes, with a range of features that can enhance the user experience. The demand for a higher level of comfort is driving the market. Wall beds are used in the United States because, in most homes in the United States, space is at a premium while a majority of the wall remains unused. Wall beds take advantage of the vertical space by folding up during the day. This way, the bed doesn't take up valuable floor space.
  • After the pandemic, the United State's homes have transformed into multi-functional spaces, serving as offices, classrooms, gyms, and relaxation zones. The transformation has prompted many to reassess their living arrangements, particularly the importance of space efficiency. The growing awareness of environmental protection among the people has led to an increase in demand for eco-friendly home furniture, including wall beds. Many sellers in the market started offering eco-friendly wall beds, which are made from plant-based or recycled fibers and raw materials.
  • The growing trend of home renovations and remodeling presents an opportunity for wall bed manufacturers. The increasing popularity of online shopping presents a significant opportunity for wall bed manufacturers to establish a strong online presence, partnering with e-commerce platforms and enhancing the customer experience through virtual tools is driving sales growth.

US Wall Beds Industry Segmentation

A Murphy 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.

The United States wall beds market is segmented by material (wood, metal, and other materials), by size (king size, queen size, other sizes), and by distribution channel (multiband stores, specialty stores, online, and other distribution channels).

The report offers market size and forecast in value (USD) for all the above segments.

By Material
Wood
Metal
Other Materials
By Capacity
King Size
Queen Size
Other Sizes
By Distribution Channel
Multi brands store
Speciality Store
Online
Other Distribution Channels
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US Wall Beds Market Size Summary

The United States wall beds market, also known as Murphy beds, is experiencing significant growth driven by the increasing demand for space-saving furniture solutions in both residential and commercial settings. These beds, which can be stored vertically against the wall, are particularly popular in homes where space is at a premium. The trend towards multi-functional living spaces, accelerated by the pandemic, has heightened the importance of space efficiency, prompting consumers to seek out innovative furniture solutions like wall beds. Additionally, the growing awareness of environmental sustainability has led to a rise in demand for eco-friendly options, with manufacturers offering products made from recycled and plant-based materials. The market is further bolstered by the trend of home renovations and the increasing popularity of online shopping, which provides manufacturers with opportunities to enhance their online presence and improve customer engagement through advanced technological tools.

The market is characterized by a fragmented landscape with several key players, including SICO, FlyingBeds International, Inovabeds, The Bedder Way Company, and Twin Cities Closet Company, actively developing innovative products to capture consumer interest. The integration of technology into wall bed designs, such as automatic controls and hydraulic systems, is also contributing to market growth. The e-commerce segment has seen rapid expansion due to high internet penetration and technological advancements, making it easier for consumers to explore a wide range of options and make purchases with convenience. Online platforms are enhancing their offerings with incentives like free delivery and promotional deals, further driving sales. Strategic moves, such as acquisitions and product diversifications by major companies, are expanding market reach and catering to the evolving needs of consumers, particularly in response to the growing trend of remote work.

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US Wall Beds Market Size - Table of Contents

  1. 1. MARKET DYNAMICS AND INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Customizing of Wall Beds are Driving the Market

    3. 1.3 Market Restraints

      1. 1.3.1 Availability of Alternatives

    4. 1.4 Market Opportunities

      1. 1.4.1 Technological Advancements in the Wall Beds Market

    5. 1.5 Industry Value Chain Analysis

    6. 1.6 Industry Attractiveness - Porters' Five Forces Analysis

      1. 1.6.1 Threat of New Entrants

      2. 1.6.2 Bargaining Power of Buyers

      3. 1.6.3 Bargaining Power of Suppliers

      4. 1.6.4 Threat of Substitutes

      5. 1.6.5 Intensity of Competitive Rivalry

    7. 1.7 Insights on Technology Innovation in the Market.

    8. 1.8 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Material

      1. 2.1.1 Wood

      2. 2.1.2 Metal

      3. 2.1.3 Other Materials

    2. 2.2 By Capacity

      1. 2.2.1 King Size

      2. 2.2.2 Queen Size

      3. 2.2.3 Other Sizes

    3. 2.3 By Distribution Channel

      1. 2.3.1 Multi brands store

      2. 2.3.2 Speciality Store

      3. 2.3.3 Online

      4. 2.3.4 Other Distribution Channels

US Wall Beds Market Size FAQs

The US Wall Beds Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)

SICO, FlyingBeds International, The Bedder Way company, Twin Cities Closet company and Inovabed are the major companies operating in the US Wall Beds Market.

US Wall Beds Market Report Snapshots

United States Wall Beds Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)