Smart Bed Market Continues to GrowPosted by Sona Kulkarni on October 9th, 2023 Smart Bed Market Growth & Trends The global smart bed market size is expected to reach USD 3.45 billion by 2030, expanding at a CAGR of 3.8% from 2023 to 2030, according to a new report by Grand View Research, Inc. Technological advancements in sensor-bed solutions offer enhanced sleep thus driving the demand for smart beds. The growing number of smart houses with household items that are technologically integrated will continue to fuel market expansion. Rising townships, smart cities, commercial buildings, and settlement development projects are attracting investors in the real estate sector, which has risen the quality of residential apartments and is the primary cause of the real estate industry's rapid expansion. Demand for smart beds will continue to increase as housing and commercial development expand, driven by the need to furnish new construction. In terms of application, the residential segment is projected to have the largest market share in 2022,, supported by rising consumer spending on smart home automation and the expansion of the Internet of Things (IoT) throughout the residential infrastructure. People who suffer from recurring sleep issues can keep an eye on their sleeping habits by connecting their smart beds to other smart devices. This will increase household demand for smart products. Regionally, North America led the industry share in the year 2021 owing to high purchasing power among people who are willing to spend on comfort and luxury items. Home renovation activities, including outdoor, bedroom, home furnishings, kitchens, and technology, witnessed a 15% growth with about USD 85,000 in 2020, according to a Houzz & Home survey of 70,000 Americans. Noticing the growth potential of smart bed business, many new market participants have emerged over the years. Technology leaders in the business are introducing innovative embedded systems and wireless telecommunications technology. For instance, Hi-Interiors debuted a new iteration of the Hi-Bed in August 2019. The mattress included advanced technology that can track a user's body weight and sleep patterns. It also came with a retractable 70-inch screen, built-in hi-fi sound systems, a 4K projector that can be used with a Bluetooth device, and additional features that can be added to meet the needs of the buyer. Request a free sample copy or view report summary: Smart Bed Market Report Smart Bed Market Report Highlights
Access Press Release@ https://www.grandviewresearch.com/press-release/global-smart-bed-market Smart Bed Market Segmentation Grand View Research has segmented the global smart bed market based on application, sales channel, distribution channel, and region: Smart Bed Application Outlook (Revenue, USD Million, 2017 - 2030)
Smart Bed Distribution Channel Outlook (Revenue, USD Million, 2017 - 2030)
Smart Bed Sales Channel Outlook (Revenue, USD Million, 2017 - 2030)
Smart Bed Regional Outlook (Revenue, USD Million, 2017 - 2030)
List of Key Players in Smart Bed Market
About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. Like it? Share it!More by this author |