Bed Legs Market Size, Share, Growth, and Industry Analysis, By Type (Wooden, Acrylic, Others), By Distribution (Residential, Commercial), Regional Insights and Forecast to 2031

Updated On: 22 April 2024

BED LEGS MARKET REPORT OVERVIEW

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The global bed legs market size was USD 3 million in 2022 and the market is projected to touch USD 4 million by 2029, exhibiting a CAGR of 1.2% during the forecast period.

The growing demand for bed foot is a result of rising sleep technology costs brought on by higher living standards. Additionally driving the industry is the growing acceptance of smart homes. Growing public awareness of the importance of getting good sleep has encouraged large investments in innovative sleep devices. These variables will have a beneficial impact on the size of the industry in the near future.

The surge in disposable income and the aging population will propel the bed legs market growth. The demand for the market is rising as a result of hospitals now requiring bed foot for the benefit of their patients. Due to the implementation of smart beds, the industry is positively impacted by the aging population as well. The cost of installing smart beds in the healthcare sector is increasing in developing nations. These smart beds give hospitals access to patient data that helps them provide patients with higher-quality care.

COVID-19 Impact: Implementation of Stringent Lockdowns to Deplete Market Share

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The COVID-19 pandemic of 2020 had a detrimental effect on the market. Countries all throughout the world implemented stringent lockdowns and other measures, notably travel bans, as a result of the outbreak. Lockdown procedures to stop the disease's spread led to the temporary closure of smart bed production facilities. Sales of bed foot in physical stores were significantly impacted by this. Nonetheless, since the COVID-19 outbreak in early 2020, there has been a rise in online buying, and this trend will probably continue during the projected period, supporting the market's expansion.

LATEST TRENDS

"Abundance of Reductions with Cashback Incentives to Stimulate Market Development"

Over the course of the forecast period, the online category is anticipated to develop at the fastest rate of CAGR. The internet market is expected to increase significantly because well-known manufacturers of smart home equipment are present on these platforms. The segment will develop as a result of the quick accessibility of items across platforms, the abundance of reductions with cashback incentives, and the simplicity of returns.

BED LEGS MARKET SEGMENTATION

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• By Type

Based on type the global market can be categorized into wooden, acrylic, others.

Wooden: For a smoother edge, the outside corner of the wooden legs has a modest curvature. This is an extremely prevalent option that has numerous advantages, such as being more aesthetically pleasing and functional in that the user is less likely to trip over the toe. An excellent option for beds in compact spaces. The option for a curved wooden leg corner is limited to the legs of the footboard.

Acrylic: Acrylic is a robust, long-lasting substance with numerous uses in daily life. Additionally, acrylic furniture might save the day if one is looking for ways to transform the decor of your home. Because it is UV resistant, non-toxic, and simple to clean, acrylic furniture is a popular choice among consumers.

Others: This category comprises of the twisted leg alternative besides the wood and the acrylic one. The twisted leg alternative is a genuinely lovely alternative that goes well with any bed design because of its soft, flowing contours. It will alter the aesthetic, but the intricate beauty of the curves blends well with the contemporary, crisp lines of the bed design that goes with it to provide an alternative look that might be more appropriate for some bedrooms, including the stylish rustic look.

• By Application

Based on application the global market can be categorized into residential, commercial.

Residential: The residential category accounts for a larger value share based on application. The primary driver of the market expansion in the residential sector is the growing demand of attractive and flexible furniture for home furnishing. Furthermore, the global population's lifestyle and standard of living are changing due to the development of the residential sector and the fast expansion of metropolises, which is predicted to drive market growth.

Commercial: The growing use of the advanced material in the commercial sector is driving up demand for these mattresses. A thermostat, cardiovascular monitors, humidity sensors, and other devices are just a few of the cutting-edge technologies that companies are already incorporating into their smart sleeping arrangements. Because of this, market vendors are benefiting greatly from the advancements in the beds, and it is projected that the growth of smart hospitals will pick up steam in the years to come.

DRIVING FACTORS

"Rise in Disposable Income to Support Market Expansion"

The rise in disposable income fuels consumer demand for opulent and cozy goods, which in turn drives the expansion within the market. The demand for bed foot worldwide will increase as consumers become more aware of their advantages. Shift in lifestyle as a result of consumer desire for high-tech, AI-powered products. Nowadays, people are increasingly more aware of their health, which has an impact on the market.

"Profit by Business to Customer Segment to Foster Industry Progress"

In 2022, the market was dominated by the B2C segment, which held the highest revenue share. Due to the prevalence of smart homes in developed nations including China, the United Kingdom, the United States, Germany, and Brazil, the advanced material are widely used in households. Some B2C sales channels monetize their platforms by connecting buyers and sellers, charging for advertisement space based on content traffic, or charging for access to content exclusive to paid subscribers. Consequently, in 2022, the B2C sales channel brought in the most money.

RESTRAINING FACTOR

"Lengthy Substitute Product Cycle to Stop Market Evolution"

The bed foot or legs and other high-quality, branded furnishings don't need to be changed out very often. Longer replacement cycles are a hallmark of superior smart beds constructed from premium steel or wood as opposed to inferior changeable slatted frames and bedding sets.

There have been several establishment of safety standards that major corporations operating in the United States and other North American nations are required to adhere to. As a result, makers of bed foot need to create high-quality items with lengthy replacement cycles in order to meet these requirements. As a result, lengthy replacement cycles and high acquisition prices have an impact on market expansion.

BED LEGS MARKET REGIONAL INSIGHTS

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"North America Sovereignty on the Market Due to Need for Luxurious Amenities among Customers "

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa. Over the course of the forecast period, North America is expected to contribute a substantial percentage of the growth in the worldwide bed legs market share.

Due to the quick uptake of home automation and the growing demand for luxurious amenities among customers, North America holds a sizable portion of the industry.  For convenience and comfort, people are selecting various smart home solutions. Spending on automation for homes, protection, and other regulated accessories is on the rise, as is the purchase of smart home items including the bed legs. The Internet of Things, or IoT, can be connected to the smart bed, allowing the user to manage other smart home appliances including TVs, coffee machines, heating and cooling systems, and virtual assistants. North America is seeing an increase of requests for bed foot due to the Internet's expanding popularity.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

The analyst provides a comprehensive picture of the market through the study, synthesis, and summarization of data from various sources, as well as an examination of important variables such as financial gain, sales prices, competition, and promotions. It identifies the key industry influencers and presents various market facets. The information provided is thorough, reliable, and the result of extensive primary and secondary research. The market report provides a comprehensive competitive landscape as well as an in-depth vendor evaluation methodology and analysis based on both qualitative and quantitative studies to accurately forecast market growth.

The reports cover important advances with in market, as well as inorganic and organic growth strategies. Various companies are concentrating on organic business expansion such as product announcements, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth strategies observed in the market. The above activities have paved the way for market participants to expand their business and customer base. With the growing demands for filter products in the international market, market participants in the market are expected to benefit from substantial growth opportunities in the near future.

List of Market Players Profiled

• Topstrong (China)
• BAODIAO (China)
• Highshow (China)
• VEXG (U.S.)
• DIDILONG (China)
• Schaft (Japan)

INDUSTRIAL DEVELOPMENT

May 2023: To encourage enjoyment and wellbeing in the bedroom, Hi Interiors Srl unveiled a four-poster bed with unique elements including HiAm and bed foot. For entertainment purposes, the HiAm bed boasts a 4K projector, ambient read lights, an audio system, and a 70-inch screen.

REPORT COVERAGE

This research offers a thorough analysis of the global market, covering all relevant areas. This includes everything from a broad market overview to micro-level information about size of the market, degree of competition, evolution trend, opportunities in the market, important market drivers, and SWOT opportunities and threats. The reader can use the study to influence industry competitiveness and competitive environment strategies to increase potential profit. Additionally, it offers a straightforward framework for assessing and gaining access to the situation of the corporate organization.

In a nutshell, this study should be read by all market participants, traders, academics, analysts, business planners, and anyone else with an interest in the market. The market competitive landscape is another area that the report structure focuses on. This report presents in depth information the share of the market, macroeconomic indicators, product scenario, operation circumstances of the major players, which aids readers in the industry in recognizing the key rivals and better understanding the market's competitive landscape.