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Smart Beds Market

Smart Beds Market

Smart Beds Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

Base Year:

2022

Date

Nov - 2021

Format:

PDF XLS PPT

Report Code:

VMR-VMR-2021-0887

Segments Covered
  • By Type By Type Manual, Semi-Automatic, Automatic
  • By Application By Application Residential, Healthcare, Hospitality, Others
  • By Distribution Channel By Distribution Channel Supermarket/Hypermarket, Specialty Stores, Online, Others
  • By Region By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Base YearBase Year: 2022
Forecast YearsForecast Years: 2023 - 2030
Historical YearsHistorical Years: 2017 - 2021
Revenue 2022Revenue 2022: USD 2.40 Billion
Revenue 2030Revenue 2030: USD 3.34 Billion
Revenue CAGRRevenue CAGR (2023 - 2030): 4.15%
Fastest Growing Region Fastest Growing Region (2023 - 2030) Asia Pacific
Largest Region Largest Region (2022): North America
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost) Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries) Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report Country/Region-specific Report
  • Go To Market Strategy Go To Market Strategy
  • Region Specific Market Dynamics Region Specific Market Dynamics
  • Region Level Market Share Region Level Market Share
  • Import Export Analysis Import Export Analysis
  • Production Analysis Production Analysis
  • Other Others Request Customization Speak To Analyst
Smart Beds Market Share

The global Smart Beds Market is valued at USD 2.40 Billion in 2022 and is projected to reach a value of USD 3.34 Billion by 2030 at a CAGR (Compound Annual Growth Rate) of 4.15% between 2023 and 2030.

Premium Insights

The growth of the Smart Beds market is driven by the increasing awareness of the importance of quality sleep and the growing emphasis on health and wellness, which prompts consumers to seek innovative sleep solutions. The appeal of smart beds is further boosted by technological advancements in sleep tracking, adjustable comfort settings, and integration with smart home ecosystems. The surging demand for these advanced sleep solutions is also fueled by the rise of smart home adoption and a preference for personalized and connected experiences.

  • As smart beds become more popular, the convergence of health consciousness, technological innovation, and consumer preferences continues to drive the growth of the market
  • North America generated more than 40.2% of revenue share in 2022
  • Asia Pacific is expected to grow at the quickest rate from 2023 to 2030
  • Manual segment accounted for the largest market growth in 2022
  • Residential segment revealed the most significant market growth of 68.2% in 2022
  • Specialty Stores segment accounts for the largest market share of 55.5% in 2022

Economic Insights

The adoption of smart beds is significantly influenced by economic conditions such as disposable income levels and technological infrastructure. The market's resilience is demonstrated by the continuous innovation and development of features that cater to personalized sleep experiences. Additionally, the economic landscape affects pricing strategies, market competitiveness, and the affordability of smart beds for consumers. With ongoing technological advancements, the smart beds market represents the coming together of economic factors, consumer preferences, and the desire for improved well-being.

Smart Beds Market Size, 2022 To 2030 (USD Billion)

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Top Market Trends

  • Integration with Smart Home Ecosystems: As part of wider smart home systems, smart beds are being designed with seamless integration. This enables users to have control over different features of their bed, including mattress adjustments, sleep preferences, and synchronization with other smart devices within their household.
  • Sleep Tracking and Health Monitoring: A popular trend nowadays is the integration of sleep tracking technology into smart beds. These beds are equipped with sensors that observe sleep patterns, heart rate, and various other health-related measurements. The information gathered is then utilized to offer users valuable details about their sleep quality and overall well-being.
  • Adjustable Comfort and Customization: Smart beds typically offer adjustable options that enable users to personalize the firmness, elevation, and temperature of their mattress. This level of customization caters to the unique preferences of individuals, promoting a comfortable and rejuvenating sleep.
  • Smart Fabrics and Materials: The smart beds market is being influenced by the progress made in smart fabrics and materials. These advancements include temperature-regulating fabrics, moisture-wicking materials, and anti-snoring features, all of which enhance the comfort of the sleep environment.
  • Voice Activation and AI Integration: Nowadays, numerous intelligent beds offer the functionality of voice activation, which permits individuals to command bed settings or retrieve information by using their voice. Moreover, integration with artificial intelligence (AI) takes the bed's capacity to comprehend and accommodate to unique sleep patterns to a higher level.
  • Remote Monitoring and Control: One advantage of smart beds is the inclusion of mobile apps, allowing users to monitor and control their beds from a distance. This feature proves useful for making adjustments, keeping track of sleep data, and receiving customized suggestions, even when not at home.

Market Segmentation

Smart Beds The global Smart Beds market can be categorized into Type, Application , Distribution Channel , Region. The Smart Beds market can be categorized into Manual, Semi-Automatic, Automatic based on Type. The Smart Beds market can be categorized into Residential, Healthcare, Hospitality, Others based on Application . The Smart Beds market can be categorized into Supermarket/Hypermarket, Specialty Stores, Online, Others based on Distribution Channel . The Smart Beds market can be categorized into North America, Europe, Asia Pacific, Latin America, Middle East & Africa based on Region.

Report Coverage & Deliverables

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  • Competitor Benchmarking
  • Market Trends Heatmap
  • Custom Research Queries
  • Market Sentiment Analysis
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Based on Type

Manual holds the largest share

Manual dominate the Smart Beds market because physical controls or buttons are often used to adjust settings on manual smart beds, including mattress firmness and elevation. Despite the growing popularity of automated and app-controlled smart beds, the manual option is still widely preferred due to its simplicity and user-friendly nature. Many individuals value the straightforward functionality of manual smart beds, leading to a higher market share for this type.

Based on Application

Residential will dominate the market during Forecast Period

The Smart Beds market is expected to be predominantly driven by the Residential sector due to a greater understanding of the significance of quality sleep in residential environments. This is leading to an increased focus on personalized and advanced sleep solutions. Consumers are particularly drawn to smart beds that offer adjustable comfort settings, sleep tracking capabilities, and the ability to integrate with other smart home devices.

Based on Distribution Channel

Specialty Stores dominates the market

Specialty stores dominates the Smart Beds market in 2022 due to carefully chosen range of advanced sleep technology products that enable customers to directly experience the advantages of smart beds. The guidance and knowledge provided by the store's staff add to the charm of these establishments. Many customers prefer to visit these stores in person to test out the innovative features of smart beds before deciding to buy. Although online shopping is important, specialty stores have an advantage due to their physical presence and interactive environment, making them major players in the smart beds market.

Based on Region

North America led the market

North America led the Smart Beds market because of major factors including a strong technological infrastructure, widespread knowledge and acceptance of smart home technologies among consumers, and a culture that highly regards advancements in health and wellness. The increasing demand for smart beds in North America is also driven by a greater emphasis on personalized sleep solutions and a growing willingness among consumers to invest in cutting-edge sleep technology.

Competitive Landscape

The Smart Beds market is highly competitive, key players are continually researching and developing new features like adjustable firmness, sleep tracking, and integration with smart home systems. Collaborations between smart bed manufacturers and health tech firms are becoming more common in order to create comprehensive sleep solutions. Effective marketing, including product differentiation and strong branding, is crucial for gaining a competitive advantage. With increasing consumer demand for advanced sleep technology, companies in the smart beds market must not only focus on product functionality but also on delivering an overall superior sleep experience.

The players in the global Smart Beds market include PARAMOUNT BED CO., LTD., Arjo AB, Sleep Number Corporation, Ascion, LLC., LINET spol. s r.o., Hi-Interiors srl, Stryker Corporation, The BodiTrak, Hill Rom Holdings Inc., Invacare Corporation among others.

Recent Market Developments

  • 2022: Corsicana Mattress Co. collaborated with Retail Service Systems (RSS) in the introduction of Sleep2Win intelligent beds, aimed at personalizing sleep patterns.

Segmentation of the Global Smart Beds Market

Parameter Details
Segments Covered

By Type

  • Manual
  • Semi-Automatic
  • Automatic

By Application

  • Residential
  • Healthcare
  • Hospitality
  • Others

By Distribution Channel

  • Supermarket/Hypermarket
  • Specialty Stores
  • Online
  • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • PARAMOUNT BED CO. Ltd.
  • Arjo AB
  • Sleep Number Corporation
  • Ascion
  • LLC.
  • LINET spol. s r.o.
  • Hi-Interiors srl
  • Stryker Corporation
  • The BodiTrak
  • Hill Rom Holdings Inc.
  • Invacare Corporation
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis
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FAQ
Frequently Asked Question
  • The global Smart Beds valued at USD 2.40 Billion in 2022 and is expected to reach USD 3.34 Billion in 2030 growing at a CAGR of 4.15%.

  • The prominent players in the market are PARAMOUNT BED CO., LTD., Arjo AB, Sleep Number Corporation, Ascion, LLC., LINET spol. s r.o., Hi-Interiors srl, Stryker Corporation, The BodiTrak, Hill Rom Holdings Inc., Invacare Corporation.

  • The market is project to grow at a CAGR of 4.15% between 2023 and 2030.

  • The driving factors of the Smart Beds include

    • Continuous advancements in sensor technologies

  • North America was the leading regional segment of the Smart Beds in 2022.