The global pull down bed market is anticipated to grow at a CAGR of 4.8% during the forecast period (2022-2028). Also popular by the name as Murphy bed, a pull down bed is hinged at one end to store vertically against the wall, or inside a closet or cabinet. Since they often can be used as both a bed or a closet, these beds are considered as multifunctional furniture. The market growth is majorly attributable to the advantages offered by these beds over conventional ones. For instance, the flexibility and multipurpose feature make them a preferrable choice of customers as it can be varyingly used as per the requirement. In addition to this, their ability to fit in less spacious rooms also make them ideal for small homes, thereby augmenting its demand all over the globe. People look for compact and less space taking home appliances these days, which is the key factor driving the sales of these bed, and thus augment the growth of the global pull down bed market.
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Other key factors that drive the growth of the global market includes the constant advancements and new product launches in the furniture category. For instance, Resource Furniture company offers a wide variety of sofa wall bed where when the wall bed is closed it can be used as a sofa. Under this category, the company offers, multipurpose queen-sized wall beds, transforming twin murphy beds for children and also sofa cum bunk bed combinations. Further, the growth in the hospitality sector also contributes substantially to the growth of the global pull down bed market.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape: Clei srl, Murphy Wall Beds Hardware Inc., and SICO Inc., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Pull Down Bed Market Report by Segment
By Type
- Single Wall Bed
- Double Wall Bed
By Application
- Residential
- Commercial
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