Published Date: 5-Nov-2020
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According to a new report Global Smart Bed Market, published by KBV research, The Global Smart Bed Market size is expected to reach $2.7 billion by 2026, rising at a market growth of 4.8% CAGR during the forecast period.
As far as revenue is concerned, the segment of residential applications dominated the market with a significant share in 2019. Higher purchaser spending on comfort and relaxation attributable to lifestyle inflation among generations X, Y, and Z are boosting the residential use of smart beds. Among the commercial segments, the applications in hospitals for Smart beds are anticipated to grow at the highest CAGR from 2020 to 2026.
Based on revenue, the segment of the specialty store distribution channel dominated the smart bed with a significant market share in 2019. The segment of the online distribution channel is anticipated to grow at a significant CAGR from 2020 to 2026. The rising number of internet and cell phone users, particularly in developed nations, helps the development of the segment. Additionally, e-commerce websites including social media and Google Ads have a vital function in affecting customer inclinations.
The market was dominated by North America with a major market share in 2019. Increasing adoption of the internet in North America has helped the demand for smart home furniture that includes Smart beds for the area. Components, for example, expanding the infiltration of smartphones, growth in mobile cellular memberships, and expanding web use are boosting the demand for smart beds in the region.
Structural Insights: https://www.kbvresearch.com/smart-bed-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Sleep Number Corporation, Stryker Corporation, Hill-Rom Holdings, Inc., Invacare Corporation, Paramount Bed Co., Ltd. (Paramount Bed Holdings Co., Ltd.), Ascion, LLC, Responsive Surface Technology LLC (ReST), Hi-Interiors Srl, Ultimate Smart Bed, and Vista Medical, Ltd. (BodiTrak).
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