+1 915 229 3004 (U.S.) | 
+44 7452 242832 (U.K.)
+1 915 229 3004 (U.S.) | +44 7452 242832 (U.K.)
The Smart Bed Market is an emerging sector poised for rapid growth in the years to come. This market is dedicated to the advancement of beds and sleeping accessories through innovative technology. Its primary goal is to enhance sleep quality and provide unparalleled comfort to consumers through cutting-edge design. Experts predict that the Smart Bed Market will become a pivotal segment within the realm of home electronics in the near future, with growth estimates reaching up to USD 5.10 billion by 2030.
In 2022, the Smart Bed Market reached a valuation of USD 2.38 billion, and it is projected to demonstrate robust growth from USD 2.55 billion in 2023 to USD 5.10 billion by 2030. This trajectory corresponds to a compound annual growth rate (CAGR) of 7.96% during the forecast period from 2023 to 2030. Several factors are fueling this expansion, including the increasing consumer preference for luxurious and comfortable products and the rising population of elderly individuals. Additionally, the growing trend toward smart homes and bedroom automation is expected to be a significant driver of market growth.
Smart Bed Market Size, 2022-2030 (USD Billion)
Download Free Sample to learn more about this report
Consumers are increasingly embracing smart beds due to their array of features, including pressure-sensitive foam, adjustable firmness, and sleep-monitoring capabilities via dedicated apps. Moreover, the market is witnessing the emergence of related products such as digital pillows and complementary accessories, which are poised to further stimulate market growth. Furthermore, the integration of AI technology and continuous technological advancements are vital trends that will likely bolster market expansion.
The Smart Bed Market can be categorized based on product type, distribution channels, and geographical regions. In terms of product type, the market is divided into motorized beds and non-motorized beds. Motorized beds, with their advanced features and heightened comfort levels, are anticipated to dominate the market. The increasing popularity of adjustable beds among consumers is expected to drive the growth of this segment in the coming years. Geographically, North America is projected to capture the largest market share, followed closely by Europe, owing to the high prevalence of chronic sleep disorders and the widespread adoption of smart bed systems in these regions. Additionally, rapid technological advancements in countries like China and Japan are set to propel the Smart Bed Market in the Asia Pacific region.
Leading players in the global Smart Bed market include Peps Industries, Johnson Controls, Tempur Sealy International, Sleep Number Corporation, Hi-Story, My B-Casa, Restonic, Leggett & Platt, and Reverie Inc. Notably, Peps Industries stands out due to its innovative product offerings, featuring built-in music systems, special lighting, smartphone compatibility, and personalized temperature settings, all of which enhance comfort and provide an exceptional sleeping experience.
In recent developments, Tempur Sealy International unveiled its latest product line, 'TEMPUR SchooliesTM,' designed to enhance children's overall sleep quality. This product range is expected to launch soon, potentially revolutionizing the smart bed market. Additionally, My B-Casa is poised to forge a strategic alliance with Reverie, a move that promises to expand their reach in the smart bed market. This partnership will grant both companies access to each other's products, technology, and distribution channels, presenting a significant opportunity for My B-Casa to expand its market presence.
The global Smart Bed Market size is projected to hit at USD5.10 billion by 2030
The global Smart Bed Market is projected to grow at a CAGR of 7.96% during the forecast period, 2023-2030.
Research on the market is done by industry professionals who provide personalized insights on the industry structure, market segmentation, Type assessment, competitive landscape (CL), along with penetration, and emerging trends. In addition to years of professional experience in their various fields and sectors, their analysis is largely based on primary interview (60%) and secondary research (40%) as well as years of professional experience. In addition, our researchers forecast the market's direction over the following seven years by examining past trends and the market's current position. Additionally, various trends of segments and categories that are geographically portrayed are studied and estimated using primary and secondary research.
The key level executives (VP, CEO, Marketing Directors, and Business Development Managers) of the major industry participants who are active and prominent as well as mid-scale businesses operating in this market were interviewed in-depth for this supply-side report by overall Global Market Research.
Extensive primary research was conducted to gain a deeper grasp of the market and industry. Both primary and secondary research, as well as years of pertinent professional experience, are used to support the analysis. By analyzing past and present market patterns, our experts were able to forecast the market's course over the following seven years. For the geographically offered categories in the list of market tables, it differs per category. In connection with the Global Market research report, we also conducted a number of primary interviews with senior level executives (VP, CEO's, Directors, Marketing Directors, Business Development Managers, CFOs, Technical Consultants, Key Opinion Leaders, Industry Experts, Decision Matrix Authorities, and other crucial individuals) of the key industry players who dominated the Global market.
The primary purpose of secondary research was to gather, identify, and validate the information necessary for the thorough, technical, market-focused, and commercial analysis of the global market. With the use of this study, it was also possible to classify and segment the market in accordance with market trends, geographic markets, and regional considerations linked to market type. Analysts have gathered data in the Distribution Channel for the study of the market from reliable sources including annual reports, journals, white papers, corporate presentations, company websites, international organizations of Energy and Power manufacturers, credible paid databases, and many others to gather reliable intel.
Both top-down and bottom-up methodologies were employed to assess the accuracy of the global market size. The market for as a whole was estimated using these methods for a number of different dependent submarkets. Secondary research was used to address the major industry players, and primary and secondary research was used to calculate their market shares in the various regions. This complete intellectual process includes reading the annual and financial reports of the top market participants and conducting in-depth interviews with top industry executives (VP, CEO, Marketing Directors, and Business Development Managers) to gain important industry insights.
Through reliable secondary sources and validated primary sources, the classification of the global markets and their geographic percentage splits were established. To obtain the final qualitative and quantitative data, all relevant variables that might have an impact on the market under investigation have been taken into consideration, inspected in great depth, verified through primary research, and assessed. This information was collected, added to, and thoroughly examined by professional analysts before being provided in this report. The process used to estimate the overall market size for this study is depicted in the following image as an example.
Report Code :
RL65359
Published on :
Sep 2023
Request a Free Sample Report
Speak to Analyst