Portland, OR, Sept. 30, 2021 (GLOBE NEWSWIRE) -- As per the report published by Allied Market Research, the global smart bed market generated $2.28 billion in 2020, and is expected to reach $3.83 billion by 2030, registering a CAGR of 4.8% from 2021 to 2030.
Rapid innovation in sleeping mattresses, urbanization and rapid expansion of the hospitality industry, and rapid growth in infrastructure investments in residential and commercial sectors drive the global smart bed market. Moreover, the surge in inclination of customers toward modular furniture supplements the market growth. However, counterfeit products and environmental restrictions associated with deforestation hinder the market growth. On the contrary, advent of health monitoring through smart beds and growth in the e-commerce sector present new opportunities for the market players in the future.
Get detailed COVID-19 impact analysis on the Smart Bed market @ https://www.alliedmarketresearch.com/request-for-customization/6926
Covid-19 scenario:
- The Covid-19 pandemic positively affected the market due to rise in health awareness and continuous monitoring throughout the night.
- However, prolonged lockdown and strict social distancing norms hampered the manufacturing activities, which created a huge gap between supply and demand. Moreover, the pandemic disrupted the supply chain and increased the prices of raw materials.
The report segments the global smart bed market on the basis of type, application, sales channel, and region.
Based on type, the automatic segment is projected to register the highest CAGR of 5.3% during the forecast period. However, the manual segment held the largest share in 2020, accounting for nearly two-fifths of the market.
Download Sample Copy Of Report@ https://www.alliedmarketresearch.com/request-sample/6926
On the basis of application, the healthcare segment is estimated to portray the highest CAGR of 5.4% from 2021 to 2030. However, the residential segment dominated the market in 2020 in terms of revenue, contributing to nearly two-fifths of the market.
The global smart bed market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across North America held the largest share in 2020, accounting for around three-fifths of the market. However, Asia-Pacific is estimated to register the highest CAGR of 6.0% during the forecast period.
The global smart bed market report includes an in-depth analysis of the prime market players such as ArjoHuntleigh AB, Hi-Interiors SRL, BodiTrak, Invacare Corporation, Hill Rom Holdings Inc, LINET spol. s r.o., Joerns Healthcare LLC, Sleep Number Corporation, Paramount Bed Co., Ltd, and Stryker Corporation.
Schedule a FREE Consultation Call with Our Analysts/Industry Experts to Find Solution for Your Business @ https://www.alliedmarketresearch.com/purchase-enquiry/6926
Avenue Basic Plan | Library Access | 1 Year Subscription |
Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.
Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenueTrial
Get more information: https://www.alliedmarketresearch.com/library-access
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
