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Global Canopy Bed Market (2021 to 2030) - by Product Type, End Use, Distribution Channel and Region - ResearchAndMarkets.com

·3 min read

DUBLIN, November 10, 2021--(BUSINESS WIRE)--The "Canopy bed Market by Product Type, End Use, Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021-2030" report has been added to ResearchAndMarkets.com's offering.

The global canopy bed market size was valued at $6.2 billion in 2020, and is projected to reach $8.4 billion by 2030, registering a CAGR of 3.2%.

A canopy bed is a type of bed that is hung with bed curtains above it resembling a roof. Functionally, the canopy offers warmth, comfort, and privacy, and can block light & sight. Moreover, canopy beds are easily available in the market through various distribution channels, including online stores and specialty stores. The continuous growth of online stores is likely to drive the growth of the canopy bed market in terms of value sales during the forecast period.

Global surge in sales of new and existing residential houses has majorly driven the growth of the canopy bed market. Moreover, increase in consumer spending on home improvement & home decor across the world acts as the key driver of the market. Furthermore, increase in number of commercial spaces market has propelled the growth of the canopy bed market. However, increase in cost of raw materials of canopy bed is hampering the growth of the canopy bed market during the forecast period. Conversely, improvement in lifestyle of consumers due to rise in disposable income especially in developing countries and rapid penetration of online retail platform are expected to offer remunerative opportunities for the expansion of the canopy bed market during the forecast period.

The global canopy bed market is segmented into product type, end user, distribution channel, and region. By product type, the market is classified into wooden and metal. On the basis of end user, it is divided into residential and commercial. Depending on distribution channel, it is segregated into supermarket/hypermarket, specialty store, e-commerce, and B2B. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Benefits

  • This report provides a quantitative analysis of the current trends, estimations, and dynamics of the global canopy bed market from 2020 to 2030 to identify the prevailing market opportunities.

  • The key countries in all the major regions are mapped depending on their market share.

  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.

  • In-depth analysis of the market segmentation assists in determining the prevailing market opportunities.

  • Major countries in each region are mapped according to their revenue contribution to the global industry.

  • Market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of market players.

  • The report includes the analysis of the regional as well as global market, key players, market segments, end use, and growth strategies.

Market Dynamics

Drivers

  • Global surge in sales of new and existing residential homes

  • Increase in spending on home improvement and home decor

  • Increase in number of commercial spaces

  • Rapid growth of the retail sector

Restraint

  • Increase in cost of raw material

Opportunities

  • Improving lifestyle due to rise in disposable income

  • Rapid growth of online retail platform

Companies Mentioned

  • AFK Furniture

  • Amish Furniture Factory

  • Benicia Foundry & Iron Works

  • Bernhardt Furniture Company

  • Charles PRogers

  • DHP Furniture

  • Inspire Q (Top-Line Furniture)

  • The Four Poster Bed Company

  • TurnPost

  • itahome

For more information about this report visit https://www.researchandmarkets.com/r/5oph4i

View source version on businesswire.com: https://www.businesswire.com/news/home/20211110006022/en/

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com

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