Published Date: 30-Sep-2022
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According to a new report, published by KBV research, The Global Adjustable Beds & Mattress Market size is expected to reach $10.8 billion by 2028, rising at a market growth of 9.0% CAGR during the forecast period.
The Adjustable Beds market is leading the Global Adjustable Beds & Mattress Market by Product in 2021; thereby, achieving a market value of $7.2 billion by 2028. It is because the elderly or those with movement problems benefit most from adjustable beds. However, because these beds may reduce chronic symptoms linked to arthritis, sciatica, etc., they are widely utilized by individuals of all ages for health and lifestyle benefits.
The Online market is experiencing a CAGR of 11.3% during (2022 - 2028). Many people have benefited from online shopping by saving time, money, and a ton of other things. Online shopping is increasingly becoming a trend all over the world as a result of a number of benefits it offers to the customer, including delivery on the doorstep.
The Residential market has acquired maximum revenue in the Global Adjustable Beds & Mattress Market by End-user in 2021; thereby, achieving a market value of $8.0 billion by 2028. Due to the changing lifestyles of generations X, Y, and Z, consumers are spending more on comfort and relaxation, which is driving the residential usage of adjustable beds and mattresses. A Federal Reserve Bank of New York poll from September 2019 found that lifestyle adjustments are common among persons of all income levels.
The North America market dominated the Global Adjustable Beds & Mattress Market by Region in 2021; thereby, achieving a market value of $3.9 billion by 2028. The Europe market is poised to grow at a CAGR of 8.5% during (2022 - 2028). Additionally, The Asia Pacific market would witness a CAGR of 9.4% during (2022 - 2028).
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 Corp., Leggett & Platt, Inc., Amerisleep, Boyd Sleep, Ergomotion, Inc., Glideaway, Serta, Inc. (Serta Simmons Bedding, LLC), Southerland, Inc. and Tempur Sealy International, Inc.
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