Portable beds, as the name suggests, are those beds that are lightweight and easily mobile. They are used in places where one cannot use large permanent beds. Portability and compactness is the main advantage of using these beds. Portable beds are usually made of a foldable metal frame, plastic, or lightweight wood, which is covered with linen, canvas, or nylon. The market for portable beds has been increasing considerably over the past few years, owing to the small living space. Also, they are the best alternative for traditional beds because of their multi-functionality and space-saving capability.
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Rapid urbanization has led to an increase in residential construction and has thereby increased the demand for these beds among the residents. While the non-residential segment also contributes toward the growth of portable beds, globally. Under the non-residential application, these beds are installed in hospitals, hotels, restaurants, hostels, and healthcare centers. Portable beds are considered as the best choice when it comes to living in a small place or studio apartment. Therefore, the market is projected to experience significant growth in the coming years.
COVID-19 Scenario Analysis:
- The Corona pandemic has hit the market for portable furniture.
- As a result of the ongoing COVID-19 outbreak, the demand for furniture has dropped.
- The halt on construction and real estate industry, which accounted for the highest demand for furniture, has been severely affected, further impacting the global market for furniture.
- Corona pandemic has led to a shortage of labor, and disruption in the supply chain.
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
The global market growth of portable beds is mainly driven by the adoption of beds in populated cities all over the world. Big and crowded cities like New York, Delhi, Beijing, Tokyo, and others have many people owning small homes or apartments. Furthermore, the rise in number of nuclear families, rapid urbanization, fast-growing real estate industry, and multi-functionality also regulate the market growth for the portable beds.
However, fluctuating prices of the raw material required for the production of portable beds hamper the market growth for this product. High cost leads to high prices, therefore, hindering the global market growth.
The growing trend toward living in rented apartments, surge in population owing to smaller living areas, penetration of online retail, and shift of customers toward affordable, multifunctional, and smaller furniture propel the market growth.
Furthermore, the manufacturers of portable beds are making efforts to bring innovation in the portable beds, as per the need of the modern customer. For instance, manufacturers have made bookshelves that can be easily transformed into a bed, coffee table, and even into a dining table. Various aesthetically appealing features continue to fuel the market growth.
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Key Benefits of the Report:
- This study presents the analytical depiction of the global portable beds industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global portable beds market share.
- The current market is quantitatively analyzed to highlight the global portable beds market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global portable beds market analysis based on competitive intensity and how the competition will take shape in the coming years.
Questions Answered in the Portable Beds Market Research Report:
- What are the leading market players active in the portable beds market?
- What current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
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It is highly advisable to make a complete list of the things before or just the arrival of the baby and avoid buying unnecessary items that will waste your money.What is the Benefit of Purchasing a Portable Baby Bed?Selecting major needed items for the baby, a baby Bed is highly crucial, as that will be the baby's "own space".
This bed needs to be secured, cozy, and reliable as well because this is the place where your baby will sleep, eat and play all day.
Currently, there are myriads of baby beds are available online.Among many types, the Portable Baby Bed is just tremendous as it offers complete safety and pleasure for your baby.
These baby beds are the best space savers as they have less weight and size.
The portable beds can be folded and are excellent to carry while traveling.
As the mattress is so lean, many parents set up another mattress to give their baby more comfort.
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Positive trends are also witnessed due to technology, the advent of online purchasing, and aggressive promotions.
Key players are robustly launching products with unique features and enhanced convenience.The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis.
