Report Code: A15085 | Pages: NA | Mar 2023 | 944 Views | ||
Author(s) : Roshan D | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Folding Bed Market
Request Now !Folding beds are readily transportable and lightweight. They are utilized as an alternative for permanent beds. The crucial advantage of the folding bed is its portability and compactness. The panels are composed of plastic or lightweight wooden pliable metal frame coated in linen, canvas or nylon. Due to restricted living space, the market for folding beds has increased dramatically in recent years. Also, because of their multi-functionality and space-saving potential, they are the perfect replacement for regular beds. Rapidly urbanized housing has expanded, and the demand for these beds among the occupants has therefore grown. The non-residential market contributes globally to the development of mobile beds. These beds are mounted in hospitals, hotels, restaurants, hostels and health centers under the non-residential application. Portable beds are the ideal choice for a place or an apartment in the studio.
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COVID-19 Impact Analysis
Top Impacting Factors
Market Trends
The demand for folding bed is high in the residential sector.
The demand for folding beds in the residential sector dominates the market, and it is expected to register a healthy CAGR during the forecast period. The increasing residential construction activity across the world increases the demand in the market. The commercial segment is expected to contribute significantly to the market as the increased construction of commercial areas with restricted space will require a compact piece of furniture.
Investment in the health care sector is expected to increase the growth of the folding bed market.
The investment in the healthcare sector will increase the construction of hospitals and other healthcare centers. The new hospitals and health care centers will require folding beds for filling up the wards or cabins. A folding bed is compact in structure and will take less space than a conventional bed. The increase in the sale of folding bed will fuel the growth of the folding bed market.
An Omni-channel strategy is beneficial for the growth of the folding bed market.
Customers are opting for more convenient ways of buying folding bed by shifting to e-commerce purchases. Lack of transparency of details and inconsistent pricing is affecting the consumer to make a buying decision. As the world is moving towards digital business and mostly all transactions are occurring on the digital platform. It's an opportunity for the companies to interact with the consumers recognize their wants. A clear message about the product detail and proper mentioning of the price without any hidden charges will motivate the customer to approach the purchase.
Key Benefits of the Report
Questions Answered in the Report
Folding Bed Market Report Highlights
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Key Market Players | Hussey Seating Company, Ashley Furniture Industries, Inc., Leggett & Platt, Inc., Dorel Industries, Inc., Haworth, Inc., Flexsteel Industries, Inc., Ikea Holding B.V., Murphy Wall Beds Hardware, Inc., Maxchief Europe S.L., Expand Furniture, Inc. |
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