Latest News:- Portable Beds Market: Offline is expected to lead the Distribution Channel segment during 2024-2028

Portable Beds Market to grow at a CAGR of 7.1% during 2024-2028

The Portable Beds Market is expected to grow at a CAGR of 7.1% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 1953.6 million. In the current business landscape, portable bed manufacturers are strategically expanding their distribution networks through online channels and retailers. By leveraging digital marketing and branding efforts, these companies can significantly reduce overall distribution costs. Notable e-commerce platforms, including Amazon.com Inc. and Pepperfry Pvt. Ltd., offer a wide selection of portable beds for home use. Pepperfry Pvt. Ltd., as a leading online retailer of portable bed products, showcases an extensive range of designs. These e-commerce platforms enable vendors to broaden their customer reach on a global scale. Furthermore, enticing discounts and special offers from these platforms are driving consumer demand for portable bed purchases, leading to a projected growth in online sales during the forecast period. 

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The Offline subsegment is expected to dominate the Distribution Channel segment during the forecast period 

Technavio analysts predict that the Offline subsegment will lead the Distribution Channel segment during 2024 and 2028 The Portable Beds market represents a significant growth opportunity for businesses, with increasing demand for convenient and space-saving sleep solutions. These beds offer flexibility and mobility, making them an attractive option for various sectors including hospitality, healthcare, and military. Key trends include lightweight designs, foldable structures, and integrated storage solutions. Market size is projected to expand at a robust CAGR, driven by demographic shifts and changing consumer preferences.

Here are the various ways based on which the market is segmented: 

• Distribution Channel
  • Offline
  • Online
• Geography
  • North America
  • Europe
  • APAC
  • Middle East and Africa
  • South America

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• Wealth of Experience: Technavio is an established name in the world of market research. It holds an expertise of more than 20 years in the field, has published 21,000+ reports thereby extensively covering the area in various industries and range of regions
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There are several factors that are causing the market to flourish rapid growth in urbanization

Learn which are the obstacles that the market is experiencing in the way of its growth by accessing the free PDF report

Research Analysis Overview

The portable beds market is witnessing significant growth due to the increasing trend of temporary beds, mobility, and compact storage solutions. These beds are gaining popularity in various sectors, including hospitality, where they are used to accommodate guests in limited spaces. In the realm of materials science, foam portable beds offer comfort and durability, making them a preferred choice for both residential and non-residential use. Dual-income households and urban living have fueled the demand for portable beds in renting apartments and tiny spaces. Real estate businesses are also recognizing the potential of these beds in maximizing space utilization. Portable beds come in various forms, such as folding metal frames, multipurpose models, and foldable metal frames. Online retailers offer a wide range of portable beds made from materials like nylon, canvas, linen, lightweight wood, and plastic. Premium models cater to those seeking a more luxurious experience. Portability, lightweight, and compactness are the key features that make portable beds an essential item for healthcare institutions, residential buildings, and individuals with mobility needs.

Market Research Overview

The portable beds market is a segment of the larger global home furnishings industry, encompassing businesses involved in the manufacturing and marketing of portable beds specifically. According to Technavio's market analysis, the home furnishings market size is determined by the consolidated revenue generated by manufacturers and marketers of consumer electronics, furnishings, decorative products, household appliances, and other homeware products. The expansion of the global home furnishings market is influenced by several factors, including the surge in residential and commercial construction projects and the increasing number of renovation initiatives in key markets such as the United States, China, and India. This growth is attributed to the rising demand for furniture and home furnishings as a result of infrastructure development and the construction of new residences and offices.

The Portable Beds Market is experiencing significant growth, fueled by the rapid growth in urbanization. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
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