Global Smart Beds Market, By Product Type (Manual, Semi-Automatic, Fully Automatic), By End User (Residential, Healthcare, Hospitality, Transportation, Others), By Distribution Channel (Offline, Online), Estimation & Forecast, 2027 , Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Smart Beds market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Smart Beds market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region
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Market Introduction
The global Smart Beds market held a market value of USD 4,941.1 Million in 2020 and is estimated to reach USD 8,859.9 Million by the year 2027. The market is anticipated to register a CAGR of 8.7% during the forecast period.
Smart Beds is utilizes sensors and other such technologies to gather data regarding a person’s sleep. The market is majorly driven by the increasing adoption of smart & advanced technology and increasing demand of senior citizen’s health care needs. Furthermore, change in product preference & rising demand for luxury, comfort, and personalized experience and growing awareness related to importance of good sleep, are the factors contributing to the market growth. Other significant driving factors include increasing penetration of smart homes along with the increasing commercialization.
Growth Influencers:
Increasing adoption of smart and advanced technology
Currently, growing adoption of technology driven devices, which offer valuable information regarding a person’s well being is fuelling the smart beds market. The smart beds combine technologically advanced features include automatic mattress firmness adjustment, sleep tracking, climate control, adjustable bases, fabric technology, smart home connectivity, and anti-snoring feature. Therefore, rising adoption of smart and advanced technology is expected to drive the market growth.
Increasing demand of smart beds for senior citizen’s healthcare needs
Smart beds are connected with the EMRs that offer a range of medical data, including personal statistics, such as weight, heartbeat, blood, temperature, and other such vital signs. This data can be used by doctors to determine the course of action, especially for senior citizens, at the time of an emergency situation.
Change in product preferences and rising demand for luxury, comfort, and personalized experience
With the changing lifestyle, the demand for luxury, comfort, and personalized experience is also increasing. There is a high demand amongst people who like technologically advanced products. This factor is expected to boost the demand for smart beds, which offer luxury, comfort, and personalized experience.
Increasing awareness related to importance of good sleep
People are getting more and more aware regarding the ill effects of having less than the required amount of sleep and the benefits of having a good sleep. Smart beds have advanced features, which can assist its users to have a good sleep, which is expected to boost the market growth.
Segments Overview:
The global Smart Beds market is segmented into product type, end user, and distribution channel.
By product type
• Manual
• Semi-Automatic
• Fully Automatic
The semi-automatic segment accounts for the largest share of more than 35% due to the technological advancements by market players in the segment. The fully automatic segment is also expected to demonstrate significant growth.
By End User,
• Residential
• Healthcare
• Hospitality
• Transportation
• Others
The healthcare segment accounted for the largest share owing to the wide range of medical applications of smart beds. The hospitality segment is expected to grow at the fastest CAGR of 9.8%.
By Distribution Channel,
• Offline
o Brand Stores
o Home Centers
• Online
The offline segment is expected to hold the largest market share owing to the large number of offline stores globally. The online segment is expected to be the fastest-growing segment since the penetration of e-commerce websites is slowly increasing..
Regional Overview
On regional basis, the global Smart Beds market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
The North American region accounted for the largest market share of more than 25% in the global market. This is due to the increasing penetration of smartphones and rise in mobile cellular applications. Europe region is anticipated to demonstrate significant growth.
The Asia Pacific region holds the second largest market share in the global market, owing to the major home improvement projects undertaken by consumers owing to rapid urbanization and growing purchasing power of people, especially in countries such as China and India. The region is also growing at the fastest growth rate.
Competitive Landscape
Key players operating in the global Smart Beds market include Paramount Bed Co. Ltd., Stryker Corporation, Sleep Number, Invacare Corporation, Hill Rom Holdings Inc., Arjohuntleigh AB, Ergomotion, Inc, Responsive Surface Technology LLC, Hi-Interiors SRL, and Hilding Anders, among others.
The cumulative market share of the top 12 to 15 players is near about 45 to 55%. These market players are engaged in partnerships, new product launches, mergers & acquisitions to strengthen their market presence. For instance, in April 2021, Sleep Number introduced health and wellness daytime alertness feature to improve overall sleep health, quality, and well being.
The global Smart Beds market report provides insights on the below pointers:
• Market Penetration: Provides comprehensive information on the market offered by the prominent players
• Market Development: The report offers detailed information about lucrative emerging markets and analyzes penetration across mature segments of the markets
• Market Diversification: Provides in-depth information about untapped geographies, recent developments, and investments
• Competitive Landscape Assessment: Mergers & acquisitions, certifications, product launches in the global Smart Beds market have been provided in this research report. In addition, the report also emphasizes the SWOT analysis of the leading players.
• Product Development & Innovation: The report provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The global Smart Beds market report answers questions such as:
• What is the market size and forecast of the Global Smart Beds Market?
• What are the inhibiting factors and impact of COVID-19 on the Global Smart Beds Market during the assessment period?
• Which are the products/segments/applications/areas to invest in over the assessment period in the Global Smart Beds Market?
• What is the competitive strategic window for opportunities in the Global Smart Beds Market?
• What are the technology trends and regulatory frameworks in the Global Smart Beds Market?
• What is the market share of the leading players in the Global Smart Beds Market?
• What modes and strategic moves are considered favorable for entering the Global Smart Beds Market?
What is market research report?
Market research is a defined process to collect information about customers, competitors, and everything that a business needs to understand to sustain and grow. It offers important analysis to distinguish and examine the market needs, size, and trends. Market research is generally divided into, primary research and/or secondary research. The process usually includes collection and interpretation of market data by using statistical and analytical techniques to support the decision making process. The report helps in identifying and tracking emerging players in the market and their portfolios, enhances decision making capabilities and helps to create effective counter strategies to gain competitive advantage. Market research reports provide in-depth analysis about the market conditions and requirements for effective decision making.
The report provides a snapshot of the global market size, segmentation data, marketing growth strategies, market share, export and import information, analysis and forecast of market trends, competition, domestic production, best sales prospects, statistical data, tariffs, regulations, distribution and business practices, end-user analysis, contact points and more. These research reports include information about competitive strategies, solutions, fact-based research, key takeaways, recommendations, market considerations, emerging business models and market opportunities for multiple segments of an industry. Market research reports assist in solving business problems and making better decisions to improve business as per the prevalent market trends.
Browse market information, tables and figures extent in-depth TOC, The latest independent research document on various market development activities and business strategies such as new product/services development, Joint Ventures, partnerships, mergers and acquisitions, etc. In order to provide a more informed view, a market company profiles include Business Overview, Product / Service Offerings, SWOT Analysis, Segment & Total Revenue, Gross Margin and % Market Share. This report explores market definitions, overview, classification, segmentation, inclusive of market type and applications followed by product specifications, manufacturing initiatives, pricing structures, raw material sourcing and supply chain analysis.
About Data Collection and Research Methodology: Majorly data is collected via primary sources that includes interviews and survey with industry experts from core and related industries, and manufacturers and part suppliers involved in supply chain. Additionally, secondary sources are also utilized like annual reports, whitepapers, press releases etc.
Under COVID-19 Outbreak Impact Analysis:
We analyzed industry trends in the context of COVID-19. We analyzed the impact of COVID-19 on the product industry chain based on the upstream and downstream markets. We analyze the impact of COVID-19 on various regions and major countries.
The impact of COVID-19 on the future development of the industry is pointed out.
Study Explore :
- Market Behavior/ Level of Risk and Opportunity
- End Industry Behavior/ Opportunity Assessment
- Expected Industry Recovery Timeline
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Geographical Breakdown: The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery path of Covid 19 for all regions, key developed countries and major emerging markets.
Countries: Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam
In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter’s Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.
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The study objectives of this report are:
- To study and analyze the global market size (value & volume) by company, key regions/countries, products and application, history data, and forecast.
- To understand the structure of market by identifying its various subsegments.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- Focuses on the key global manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the growth trends, future prospects, and their contribution to the total market.
- To project the value and volume of submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.
The Study Explore COVID 19 Outbreak Impact Analysis
- What should be entry strategies, countermeasures to economic impact, and marketing channels?
- What are market dynamics?
- What are challenges and opportunities?
- What is economic impact on market?
- What is current market status? What’s market competition in this industry, both company, and country wise? What’s market analysis by taking applications and types in consideration?
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Key Points Covered in Smart Beds Market Report:
Chapter 1, About Executive Summary to describe Definition, Specifications and Classification of Smart Beds market, Applications, Market Segment by Regions North America, Europe or Asia;
Chapter 2, objective of the study.
Chapter 3, to display Research methodology and techniques.
Chapter 4 and 5, to show the Overall Market Analysis, segmentation analysis, characteristics;
Chapter 6 and 7, to show the Market size, share and forecast; Five forces analysis (bargaining Power of buyers/suppliers), Threats to new entrants and market condition;
Chapter 8 and 9, to show analysis by regional segmentation, comparison, leading countries and opportunities; Regional Marketing Type Analysis, Supply Chain Analysis
Chapter 10, focus on identifying the key industry influencer’s, overview of decision framework accumulated through Industry experts and strategic decision makers;
Chapter 11 and 12, Market Trend Analysis, Drivers, Challenges by consumer behavior, Marketing Channels and demand & supply.
Chapter 13 and 14, describe about the vendor landscape (classification and Market Positioning)
Chapter 15, deals with Smart Beds Market sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.
……..and view more in complete table of Contents
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