Global Sofa Beds Market Forecast, Trend Analysis And Competition Tracking - Global Market Insights 2015 to 2031

Sofa Beds Market Introduction: Sofa Bed Lifestyle, Hitting The Right Nerve!

The global sofa bed market is expected to value US$10.2 billion in 2017 and US$ 14.5 billion in 2022.

A sofa bed is a type of furniture that converts into a bed. Quality refers to both the level of craftsmanship as well as materials used. Sofa beds are a type of furniture that has two functions. It can be used as a sofa to provide seating for several people, or it can be used as a bed whenever required. It offers homeowners an opportunity to have more space in their houses. Many believe a good night's sleep is necessary to have a productive day. With this in mind, many smart shoppers have turned to sofa beds to get the best of both worlds. A sofa bed offers the practicality of providing guests with an extra place to sleep without having to sacrifice precious living space for its storage. Sofa beds are also often chosen by homeowners looking for ways to reduce their home's energy consumption.

Sofa beds, also called "daybeds" or "chaise lounges," are increasingly popular amongst consumers. This is not only because they provide extra sleeping space for guests, but they can be used as a couch or chair during the day. The demand for these types of furniture has increased in recent years due to their versatility and portability. It's easy for people to move sofa beds around the house depending on who is using them next.

Advantages: Bringing New Opportunities

A sofa bed is advantageous because it can offer an extra bedroom if necessary, it is economical and easy to assemble. This type of furniture can also be disassembled after use to save space. It is an excellent option for people staying in a rental. This type of bed would be helpful for people moving into a home or renting a property. A sofa bed is often an option for people on a budget or looking to minimize the space taken up in their homes. It is perfect to have a sofa bed because it can be disassembled and taken apart quickly.

Sofa Beds: Revenues Continuing to Grow…!

The global sofa bed market is expected to grow at a CAGR of 6.8% from 2022-to 2031, with the base year being 2021. In recent years, sofa beds have been increasingly popular due to their ability to comfortably serve as an additional seating area for guests while providing a more convenient way of sleeping for two people in one space.

Factors that might suppress future growth include increasing competition, new product launches and innovations, and the growing importance of environmental issues.

In recent years, the demand for sofa beds has constantly been rising. The demand for this product is attributed to several factors, such as the popularity of minimalistic living and comfort, accommodation shortage in urban areas, and affordability. Everyone wants a comfortable place to sleep, but not everyone has the space for a separate bedroom. The market has been flooded with sofa beds that can double as couch or living room furniture during the day in response to this demand. Sometimes called convertible sofa beds are an attractive alternative for those who live in small apartments and condominiums.

Key challenges: What New Sleeping Trend Sounds Like

As the market for sofa beds continues to grow, manufacturers are constantly challenged to make more prominent and versatile models that offer a comfortable sleeping experience. The most recent models usually have a detachable headboard and a one-person mattress folded in half if needed. The addition of storage space for quilts and pillows has been added to many models and handles across the backrest, making it easier to carry the bed from room to room.

Sofa beds are becoming more popular, but this simple furniture can be challenging to make. There are many challenges in sofa bed production, such as upholstery and frame assembly. Some materials used to make sofa beds are plastic, metal, wood, and fabric. These materials have varying levels of quality which can affect the price of a sofa bed. A cheap, low-quality material is not always better than a higher-quality material that is expensive.

Key developments: Are Sofa Beds A New Form Of Furniture?

A recent survey by a major sofa manufacturer has revealed that the demand for sofa beds has been steadily increasing. The increasingly cost-conscious consumer base is opting for a product that offers both a couch and a bed. As the trend of smaller living spaces continues, furniture designers are increasingly tailoring their products to fit this "greener" way of life.

The global sofa bed market has seen rapid growth in recent years. The world's largest furniture manufacturers have been responding to this trend, increasing their production of these products. Manufacturers are also investing in developing new types of sofa beds, such as modular ones that can be configured to suit different needs.

COVID-19 Impact on the Sofa Beds Market

The COVID-19 virus has created an impact on the market for sofa beds. Furniture might not concern people in the middle of an epidemic. It is different from panic-driven purchases, such as toilet paper or eggs. But the need for comfortable and productive spaces during quarantine has opened up a tremendous opportunity for furniture brands. Companies that can use this time in their favor by making the right moves will be able to capitalize during and after a crisis; as always, the difficulty is knowing how to make the right moves and having enough focus for it.

Report Scope:

1. Forecast Period: 2022-2031
2. Actual Year: 2021
3. Historical Data Available for: 2015-2020

The Key Players in the Sofas Beds Market:

1. Willow & Hall
2. Natuzzi
3. Alstons
4. MERAL
5. Shenzhen PG Century Furniture
6. JAY-BE
7. Stylus
8. Sofa So Good Australia
9. Kiwi Bed & Sofas
10. Sofa Studio
11. Forest Sofa
12. Rolex Furniture

Global Sofa Beds Market Segmentation:

Type:

• Stent Sofa Beds
• Cushion Sofa Beds

Application:

• Residential Use
• Commercial Use

Distribution Channel

• Offline
• Online