Wall Bed Market Expected to Reach $7 Billion by 2035

According to a new report published by Allied Market Research, titled, “Wall Bed Market," The wall bed market size was valued at $3.5 billion in 2023, and is estimated to reach $7 billion by 2035, growing at a CAGR of 6.2% from 2024 to 2035.

A wall bed known as a murphy bed is a space-saving furniture solution designed to fold vertically against a wall or into a cabinet when not in use. This innovative design maximizes floor space in compact living environments, making it particularly popular in urban apartments, studio spaces, and multifunctional rooms. Wall beds are engineered with durable mechanisms that allow seamless folding and unfolding, often with added features such as hydraulic lifts or automated systems for convenience.

The hospitality industry is increasingly adopting wall beds to maximize room utilization and offer flexible sleeping arrangements. Budget hotels, hostels, and co-living spaces often cater to travelers seeking affordable yet comfortable accommodations. Wall beds allow these establishments to optimize limited room spaces by transforming bedrooms into living or meeting spaces during the day. For example, a hotel room equipped with a wall bed can serve as a workspace for business travelers in the morning and as a bedroom at night. This versatility enhances the overall guest experience and helps hotels cater to diverse customer needs. With ongoing wall bed market trends, manufacturers are offering customized wall bed for commercial and residential end users.

Additionally, luxury hotels are also integrating wall beds into multi-functional suites to offer a unique blend of convenience and sophistication. Beyond hotels, healthcare facilities such as hospitals and clinics use wall beds in staff lounges or patient rooms, ensuring space efficiency without compromising comfort. Co-living spaces and shared accommodations are another growing segment where wall beds are gaining popularity, enabling property managers to offer flexible living solutions while maximizing occupancy. This expanding use of wall beds across commercial applications highlights their growing importance in the hospitality sector and beyond.

The rising demand for personalized furniture presents a lucrative opportunity for wall bed manufacturers. Today’s consumers expect products tailored to their individual preferences, and offering customization options, such as choosing materials, colors, or finishes, helps cater to diverse tastes. Modular wall beds that integrate with other furniture units, such as desks, wardrobes, or bookshelves, offer multifunctional solutions for varying room layouts. This adaptability is particularly attractive for urban households where space-saving solutions must also complement interior aesthetics. With modular furniture gaining momentum among millennials and younger demographics, wall beds that offer this flexibility are likely to see increased adoption. Companies can leverage 3D visualization tools to enable customers to design their ideal wall bed configuration online, boosting the wall bed market growth.

The rapid proliferation of e-commerce platforms has played a significant role in expanding the wall bed market. Online retail channels provide consumers with unparalleled convenience, allowing them to explore a wide range of wall bed designs, sizes, and features from the comfort of their homes.

The wall bed market is segmented into product type, operation, end user, distribution channel, and region. By bed type, the market is fragmented into single, double, and others. By operation, the market is fragmented into manual, automatic, and hybrid. By end user, the market is segmented into the residential and commercial. On the basis of distribution channel, it is divided into hypermarkets and supermarkets, specialty stores, online retail, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. By region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (France, Germany, Italy, Spain, UK, Russia, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, UAE, Argentina, and rest of LAMEA).

By product type, the single segment dominated the global wall bed market in 2023 and is anticipated to maintain its dominance during the forecast period. As metropolitan areas continue to expand, housing units are shrinking, necessitating furniture that maximizes utility in limited spaces. Single beds cater to this demand, especially in small apartments, dormitories, and shared living spaces. Affordability is another significant driver, as single beds are cost-effective and appeal to budget-conscious consumers, including students and young professionals.

By operation, the manual segment dominated the global wall bed market in 2023 and is anticipated to maintain its dominance during the forecast period. Manual beds are robust and low maintenance compared to their automatic counterparts, appealing to users who prioritize durability over advanced features. The aging population also plays a crucial role in driving demand, as manual adjustable beds offer customizable comfort at an economical price. These beds are increasingly sought after in home-care settings, where caregivers can easily adjust the bed's position to assist elderly or disabled individuals.

By end user, the residential segment held the major wall bed market share in 2023 and is anticipated to maintain its dominance during the forecast period. With a rising global population and an increasing number of nuclear families, the demand for beds that maximize space while offering functionality has surged. For instance, space-saving solutions such as sofa beds, loft beds, and trundle beds are popular in urban areas where housing units are smaller. The rising disposable income of consumers, particularly in developing economies, has also fueled demand for premium and luxury residential beds.

By distribution channel, the hypermarkets and supermarkets segment dominated the global wall bed market in 2023 and is anticipated to maintain its dominance during the forecast period. The hypermarkets and supermarkets distribution channel thrives on convenience and affordability, attracting budget-conscious consumers seeking accessible solutions for their furnishing needs. These stores offer an all-in-one shopping experience, allowing customers to purchase beds alongside other home essentials. With their widespread presence in urban and suburban areas, hypermarkets and supermarkets reach a large customer base, especially in developing economies where organized retail is expanding rapidly which expected to boost the growth of wall bed industry.

Region-wise, North America is anticipated to dominate the market with the largest share during the forecast period. The wall bed market in North America is primarily driven by the increasing cost of real estate and the subsequent rise of smaller living spaces, particularly in urban areas. Many cities across the U.S. and Canada are experiencing high population densities, which has created a demand for compact and versatile furniture solutions. Wall beds, also known as Murphy beds, allow residents to maximize their available space without compromising comfort or functionality which is expected to propel growth during the wall bed market forecast. Another key factor is the growing trend of multi-functional furniture in North America, which aligns with modern minimalist lifestyles.

The key players profiled in the global wall bed market analysis include Twin Cities Closet Company, Inc., Murphy Wall Beds Hardware Inc., Wilding Wallbeds, Inc., FlyingBeds International, Inc., Bestar Inc, B.O.F.F. Wall Beds, LLC., SICO Inc., Wall Beds Manufacturing Ltd., The London Wallbed Company, Co., and The Bedder Way Co.

Key Findings of the Study

• By product type, the single segment was the highest revenue contributor to the market in 2023.
• By operation, the manual segment was the highest revenue contributor to the market in 2023.
• By end user, the residential segment was the highest revenue contributor to the market in 2023.
• By distribution channel, the hypermarkets and supermarkets segment was the largest segment in 2023.
• Region-wise, North America was the highest revenue contributor in 2023.