Smart Bed Market Growth, Size, Demand, Trends, Revenue, Share, Challenges and Future Outlook
Smart Bed Market Size- By Type, By Application, By Sales Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Nov-2023 | Report ID: IACT23183 | Pages: 1 - 232 | Formats*: |
| Category : Information & Communications Technology | |||
Smart Bed Market Introduction and Overview
According to SPER Market Research, the Global Smart Bed Market is estimated to reach USD 4.46 billion by 2033 with a CAGR of 5.14%.
The report includes an in-depth analysis of the Global Smart Bed Market, including market size and trends, product mix, Applications, and supplier analysis. Smart beds are modern and innovative advanced beds that enable customers to get more out of their beds than just the most basic features by automatically modifying the settings to suit the users' preferences. Smart beds offer health benefits in addition to increased user comfort. Also, Smart beds use cutting-edge features and technology to provide comfortable adjustments and connectivity during sleep. A few of the features available are sleep tracking, climate control, automatic mattress firmness adjustment, smart fabric technology, adjustable bases, anti-snoring function, Internet of Things, and smart home connectivity.
- 2022: Mercedes-AMG Petronas F1 has collaborated with Eight Sleep. The partnership will see the mattress developer and manufacturing brand supply Mercedes drivers and team members with its signature innovative mattress and temperature-controlled bedding products, while the team will provide Eight Sleep with a package of promotional platforms and marketing opportunities.
- 2021: The Sleep Company, a pioneer in Smart GRID technology in Asia and a proponent of the sleep-tech movement, introduced two ground-breaking innovations: the "Smart Ortho Hybrid Pocketed Spring Mattress" and the "Elev8 Smart Adjustable Bed Frame." The products include TV mode, a dual-zone massager for deep relaxation, and a zero gravity mode for balanced body comfort.
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Market Opportunities and Challenges
Smart beds provide its consumers both comfort and health benefits. Smart beds combine cutting-edge technology with new features to deliver comfortable changes and connectivity while sleeping. Among the features are sleep tracking, climate management, smart fabric technology, adjustable bases, an anti-snoring function, IoT, and smart home connectivity. Smart beds were developed as a result of pressure mapping, which detects and evaluates pressure on physical joints that may create health problems. These mattresses will monitor blood pressure, heartbeats, motions, air pressure, and snoring. The smart bed market is still in its early stages of mass production, with sales expanding slowly. Sleeping well keeps people healthy, lowers pain, boosts productivity, and makes them happy. Sleep disorders are becoming more widespread in adults, highlighting the need of getting enough sleep. As a result these are the various factors that help in creating better opportunities for the smart bed market to expand.
Counterfeiting is a criminal activity that involves the production or distribution of items in another person's name without their permission. This is a typical practice in the global bedding market. Practice Counterfeiters sell defective and substandard bedding products to clients at the same or lower price as the brand name. Furthermore, the sale of counterfeit bedding items with stolen brand names and without adequate safety certificates has become a common practice, greatly impeding the expansion of the smart bed business. Furthermore, due to the strong demand and poor supply trends, product prices climbed to combat economic insecurity. On the contrary, disruptions in the shipping supply chain could result in temporary shortages, putting upward pressure on pricing in the short term.
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Market Competitive Landscape
The market is distinguished by the presence of a few established businesses as well as new entrants. Many major firms are focusing more on the growing trend of smart beds. Market participants are diversifying their service offerings in order to maintain market share. Some of the major players in the market include: Stryker Corporation, Hill Rom Holdings Inc., Paramount Bed Co., Ltd., LINET spol. s r.o., BodiTrak, Hi-Interiors SRL, Sleep Number Corporation, Arjo Huntleigh AB, Joerns Healthcare LLC, Invacare Corporations.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Type, By Application, By Sales Channel |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe |
| Companies Covered | Stryker Corporation, Hill Rom Holdings Inc., .Paramount Bed Co., Ltd., LINET spol. s r.o., .BodiTrak, Hi-Interiors SRL, Sleep Number Corporation, ArjoHuntleigh AB, Joerns Healthcare LLC, Invacare Corporations |
COVID-19 Impact on Global Smart Bed Market
COVID-19 resulted in major roadblocks to market development with most countries implementing rigorous lockdown measures, many smart bed firms found it difficult to conduct face-to-face meetings with their channel partners and close business deals. Furthermore, the closure of retail outlets and electronics businesses, combined with raw material supply limitations, slowed the rate of product consumption throughout the pandemic period. However, since more individuals prefer to spend more time indoors, there has been a shift in purchasing behaviour, with greater interest in online channels. An increase in product sales via online platforms may assist the market in seeing a good trend in its expansion. Furthermore, the lockdown constraints will shift consumer behaviour towards interior well-being, personal care, and comfort, boosting demand for smart home items such as smart beds.
Key Target Audience
- Consumers
- Elderly and Disabled Individuals
- Fitness and Wellness Enthusiasts
- Healthcare Providers
- Homeowners and Renters
- Hospitality and Hotel Industry
- Interior Designers and Architects
- Manufacturers and Suppliers
- Retailers and E-commerce Platforms
- Technology Enthusiasts
- Others
Our in-depth analysis of the Smart Bed Market includes the following segments:
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| By Application: |
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Key Topics Covered in the Report
- Global Smart Bed Market Size (FY’2023-FY’2033)
- Overview of Global Smart Bed Market
- Segmentation of Global Smart Bed Market By Type (Manual, Semi- Automatic, Automatic)
- Segmentation of Global Smart Bed Market By Application (Healthcare, Hospitality, Residential, Others)
- Segmentation of Global Smart Bed Market By Sales Channel (Super Market, Online Store, Specialty Store, Others)
- Statistical Snap of Global Smart Bed Market
- Expansion Analysis of Global Smart Bed Market
- Problems and Obstacles in Global Smart Bed Market
- Competitive Landscape in the Global Smart Bed Market
- Impact of COVID-19 and Demonetization on Global Smart Bed Market
- Details on Current Investment in Global Smart Bed Market
- Competitive Analysis of Global Smart Bed Market
- Prominent Players in the Global Smart Bed Market
- SWOT Analysis of Global Smart Bed Market
- Global Smart Bed Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Smart Bed Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Smart Bed Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Smart Bed Market
7. Global Smart Bed Market, By Type (USD Million)
7.1. Global Smart Bed Market Value Share and Forecast, By Type, 2023-20337.2. Automatic7.3. Manual7.4. Semi- Automatic
8. Global Smart Bed Market, By Application (USD Million)
8.1. Global Smart Bed Market Value Share and Forecast, By Application, 2023-20338.2. Healthcare8.3. Hospitality8.4. Residential8.5. Others
9. Global Smart Bed Market, By Sales Channel (USD Million)
9.1. Global Smart Bed Market Value Share and Forecast, By Sales Channel, 2023-20339.2. Online Stores9.3. Specialty Store9.4. Super Market9.5. Others
10. Global Smart Bed Market Forecast, 2019-2033 (USD Million)
10.1. Global Smart Bed Market Size and Market Share
11. Global Smart Bed Market, By Type, 2019-2033 (USD Million)
11.1. Global Smart Bed Market Size and Market Share By Type (2019-2026)11.2. Global Smart Bed Market Size and Market Share By Type (2027-2033)
12. Global Smart Bed Market, By Application, 2019-2033 (USD Million)
12.1. Global Smart Bed Market Size and Market Share By Application (2019-2026)12.2. Global Smart Bed Market Size and Market Share By Application (2027-2033)
13. Global Smart Bed Market, By Sales Channel, 2019-2033 (USD Million)
13.1. Global Smart Bed Market Size and Market Share By Sales Channel (2019-2026)13.2. Global Smart Bed Market Size and Market Share By Sales Channel (2027-2033)
14. Global Smart Bed Market, By Region, 2019-2033 (USD Million)
14.1. Global Smart Bed Market Size and Market Share By Region (2019-2026)14.2. Global Smart Bed Market Size and Market Share By Region (2027-2033)14.3. Asia-Pacific
14.3.1. Australia14.3.2. China14.3.3. India14.3.4. Japan14.3.5. South Korea14.3.6. Rest of Asia-Pacific
14.4. Europe
14.4.1. France14.4.2. Germany14.4.3. Italy14.4.4. Spain14.4.5. United Kingdom14.4.6. Rest of Europe
14.5. Middle East and Africa
14.5.1. Kingdom of Saudi Arabia14.5.2. United Arab Emirates14.5.3. Rest of Middle East & Africa
14.6. North America
14.6.1. Canada14.6.2. Mexico14.6.3. United States
14.7. Latin America
14.7.1. Argentina14.7.2. Brazil14.7.3. Rest of Latin America
15. Company Profile
15.1. ArjoHuntleigh AB
15.1.1. Company details15.1.2. Financial outlook15.1.3. Product summary15.1.4. Recent developments
15.2. BodiTrak
15.2.1. Company details15.2.2. Financial outlook15.2.3. Product summary15.2.4. Recent developments
15.3. Hi-Interiors SRL
15.3.1. Company details15.3.2. Financial outlook15.3.3. Product summary15.3.4. Recent developments
15.4. Hill Rom Holdings Inc
15.4.1. Company details15.4.2. Financial outlook15.4.3. Product summary15.4.4. Recent developments
15.5. Invacare Corporation
15.5.1. Company details15.5.2. Financial outlook15.5.3. Product summary15.5.4. Recent developments
15.6. Joerns Healthcare LLC
15.6.1. Company details15.6.2. Financial outlook15.6.3. Product summary15.6.4. Recent developments
15.7. LINET spol. s r.o.
15.7.1. Company details15.7.2. Financial outlook15.7.3. Product summary15.7.4. Recent developments
15.8. Paramount Bed Co. Ltd.
15.8.1. Company details15.8.2. Financial outlook15.8.3. Product summary15.8.4. Recent developments
15.9. Sleep Number Corporation
15.9.1. Company details15.9.2. Financial outlook15.9.3. Product summary15.9.4. Recent developments
15.10. Stryker Corporation
15.10.1. Company details15.10.2. Financial outlook15.10.3. Product summary15.10.4. Recent developments
15.11. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Smart Bed Market is projected to reach USD 4.46 billion by 2033, growing at a CAGR of 5.14% during the forecast period.
Smart Bed Market grew in market size from 2022. The Market is expected to reach USD 4.46 billion by 2033, at a CAGR of 5.14% during the forecast period.
Smart Bed Market CAGR of 5.14% during the forecast period.
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Smart Bed Market size is USD 4.46 billion from 2023 to 2033.
Smart Bed Market Segment is covered By Type, By Application, By Sales Channel.
The North America is anticipated to have the highest market share in the Smart Bed Market.
The key players in the market include Companies Covered Stryker Corporation, Hill Rom Holdings Inc., .Paramount Bed Co., Ltd., LINET spol. s r.o., .BodiTrak, Hi-Interiors SRL, Sleep Number Corporation, ArjoHuntleigh AB, Joerns Healthcare LLC.
Smart beds are modern and innovative advanced beds that enable customers to get more out of their beds than just the most basic features by automatically modifying the settings to suit the users' preferences.
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