Round Bed is a well-placed bed among boudoirs, multiple windows, fireplaces, and plasma televisions. The bed has rounded edges that don't take up a lot of space on the floor. It always catches the eye and gets the attention. It has no corners and therefore no bumps and bruises or accidental injuries to kids. An expression of individuality and good taste, it customers choose it more from an aesthetic angle, especially since many variations in the design of this bed are available in the market. People often find calmness by seeing a round bed in the center of a room.
COVID-19 Scenario Analysis
- The global pandemic had a significant negative impact on the growth of the round bed market due to a decline in consumer demand.
- The closure of hotels has posed a negative effect on the growth of round bed market.
- In many countries, industries are shut down, so the production of round beds has gone down drastically due to restriction on labor movement and no availability of raw material.
- The supply chain of the round bed was disrupted due to the trade barriers.
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
- Growth in urbanization, increase in disposable income, inclination toward stylish beds, and home improvement are factors that drive the demand for round beds.
- Sectors such as households, hospitals, and hotels now demand more for round beds.
- Surge in R&D among the top key players to develop new products is a factor responsible for the round bed market growth.
- High cost of raw materials restricts growth of the round bed market.
The Global Market Trend
- People with large homes and expensive decoration splurge are more likely to opt for round beds with distinct custom features. These include a revolving design, a guest bed, or simply a luxury master bedroom option. For example, a round bed designed as a fiberglass pod, may be fitted with a circular water mattress in design. Custom fittings such as a sound system and LED lights can be made available.
- In recent years, e-commerce has helped the round bed market remarkably, with the help of e-commerce, due to which businesses in rural areas and more isolated areas have been able to reach consumers. High internet penetration, growth in smartphone sales, and digitalization have encouraged surge in e-commerce across all regions, which in turn is anticipated to foster growth of the round bed market in the future.
Key Benefits of the Report
- This study presents the analytical depiction of the round bed Industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the round bed market share.
- The current market is quantitatively analyzed to highlight the growth scenario of the global round bed industry.
- Porter’s five forces analysis illustrates the potency of buyers and suppliers in the market.
- The report provides a detailed round bed market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions Answered in the Round Bed Market Research Report
- Which are the leading players active in the round bed market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
Round Bed Market Report Highlights
By Product Type
By Distribution Channel
Key Market Players
GRUPO CONFORTEC, IVANO REDAELLI, Elledue Arredamenti di Galimberti Anna, Bolzan Letti, ISBIR, Falegnam, POLTRONA FRAU, Heavens, DOM edizioni, GOBBO SALOTTI