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Global Smart Bed Market to reach USD 3.44 billion by the end of 2030.

Global Smart Bed Market Size study & Forecast, by Application (Residential, Hospital, Hospitality, Others), by Distribution Channel (Supermarket/Hypermarket, Specialty Stores, Online, Others), by Sales Channel (B2C, B2B) and Regional Analysis, 2023-2030

Product Code: OIRHG-26265978
Publish Date: 30-10-2023
Page: 200

Global Smart Bed Market is valued at approximately USD 2.55 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 3.8% over the forecast period 2023-2030. A smart bed is a technologically advanced and innovative piece of furniture designed to enhance the sleep experience and promote overall well-being. Unlike traditional beds, a smart bed incorporates various cutting-edge features and connectivity options to cater to the needs and preferences of modern users. Additionally, smart beds often come with adjustable components, such as dynamic mattresses that can be customized to provide different levels of firmness or support for different sleeping positions. The Smart Bed market is expanding because of factors such as rising diabetes prevalence and formulation developments. However, increasing penetration of smart homes, rising prevalence of sleeping disorders, and increasing development of patient care facilities.

The increasing penetration of smart homes has been a significant driving force behind the adoption of smart beds. As smart home technology becomes more widespread and accessible, consumers are seeking ways to integrate various smart devices seamlessly into their living spaces. Smart beds offer a unique and personalized sleeping experience, leveraging cutting-edge technology to enhance comfort, convenience, and overall well-being. According to Statista, the global number of smart homes in the year 2019 reached 191.4 million which increased to 307.82 million in the year 2022 and it is projected to reach 672.57 million by the year 2027. Thus, the rising penetration of smart homes is driving the market growth. In Addition, increasing spending on residential construction activities and increasing technological advancement are creating new opportunities for market growth. However, the high cost of Smart Bed stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Smart Bed Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to factors such as increasing smart home penetration, rising development of the advance healthcare industry, and increasing consumer spending on smart devices in the region. Asia Pacific is expected to grow significantly over the forecast period, owing to factors such as the rising development of the residential sector, the development of smart homes and devices in the market space.

Major market player included in this report are:
Paramount Bed Co., Ltd.
Arjo AB
Sleep Number Corporation
Ascion, LLC.
Hi-Interiors SRL
Stryker Corporation
The BodiTrak
Hill Rom Holdings Inc.
Invacare Corporation

Recent Developments in the Market:
Ø In August 2021, Hi-Interiors SRL introduced HiAm, a four-poster bed with humorous features to encourage enjoyment and well-being in the sleeping area. The HiAm bed has ambient reading illumination, an audio system, a 4K projector, and a 70-inch screen for enjoyment during sleep.
Ø In January 2021, Corsicana Mattress Co., and Retail Service Systems (RSS) joined forces to introduce Sleep2Win Smart beds, revolutionizing the way we personalize and optimize our sleep patterns.

Global Smart Bed Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Application, Distribution Channel, Sales Channel, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Application:

By Distribution Channel:
Specialty Stores

By Sales Channel:

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Smart Bed Market, by Region, 2020-2030 (USD Billion)
1.2.2. Smart Bed Market, by Application, 2020-2030 (USD Billion)
1.2.3. Smart Bed Market, by Distribution Channel, 2020-2030 (USD Billion)
1.2.4. Smart Bed Market, by Sales Channel, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Smart Bed Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Smart Bed Market Dynamics
3.1. Smart Bed Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Increasing penetration of smart homes Rising prevalence of sleeping disorders Increasing development of patient care facilities
3.1.2. Market Challenges High Cost of Smart Bed
3.1.3. Market Opportunities Increasing spending on residential construction activities Increasing technological advancement
Chapter 4. Global Smart Bed Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Smart Bed Market, by Application
5.1. Market Snapshot
5.2. Global Smart Bed Market by Application, Performance – Potential Analysis
5.3. Global Smart Bed Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
5.4. Smart Bed Market, Sub Segment Analysis
5.4.1. Residential
5.4.2. Hospital
5.4.3. Hospitality
5.4.4. Others
Chapter 6. Global Smart Bed Market, by Distribution Channel
6.1. Market Snapshot
6.2. Global Smart Bed Market by Distribution Channel, Performance – Potential Analysis
6.3. Global Smart Bed Market Estimates & Forecasts by Distribution Channel 2020-2030 (USD Billion)
6.4. Smart Bed Market, Sub Segment Analysis
6.4.1. Supermarket/Hypermarket
6.4.2. Specialty Stores
6.4.3. Online
6.4.4. Others
Chapter 7. Global Smart Bed Market, by Sales Channel
7.1. Market Snapshot
7.2. Global Smart Bed Market by Sales Channel, Performance – Potential Analysis
7.3. Global Smart Bed Market Estimates & Forecasts by Sales Channel 2020-2030 (USD Billion)
7.4. Smart Bed Market, Sub Segment Analysis
7.4.1. B2C
7.4.2. B2B
Chapter 8. Global Smart Bed Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Smart Bed Market, Regional Market Snapshot
8.4. North America Smart Bed Market
8.4.1. U.S. Smart Bed Market Application breakdown estimates & forecasts, 2020-2030 Distribution Channel breakdown estimates & forecasts, 2020-2030 Sales Channel breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Smart Bed Market
8.5. Europe Smart Bed Market Snapshot
8.5.1. U.K. Smart Bed Market
8.5.2. Germany Smart Bed Market
8.5.3. France Smart Bed Market
8.5.4. Spain Smart Bed Market
8.5.5. Italy Smart Bed Market
8.5.6. Rest of Europe Smart Bed Market
8.6. Asia-Pacific Smart Bed Market Snapshot
8.6.1. China Smart Bed Market
8.6.2. India Smart Bed Market
8.6.3. Japan Smart Bed Market
8.6.4. Australia Smart Bed Market
8.6.5. South Korea Smart Bed Market
8.6.6. Rest of Asia Pacific Smart Bed Market
8.7. Latin America Smart Bed Market Snapshot
8.7.1. Brazil Smart Bed Market
8.7.2. Mexico Smart Bed Market
8.8. Middle East & Africa Smart Bed Market
8.8.1. Saudi Arabia Smart Bed Market
8.8.2. South Africa Smart Bed Market
8.8.3. Rest of Middle East & Africa Smart Bed Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Paramount Bed Co., Ltd. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.3.2. Arjo AB
9.3.3. Sleep Number Corporation
9.3.4. Ascion, LLC.
9.3.5. LINET spol. s r.o.
9.3.6. Hi-Interiors srl
9.3.7. Stryker Corporation
9.3.8. The BodiTrak
9.3.9. Hill Rom Holdings Inc.
9.3.10. Invacare Corporation
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Data Collection:
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Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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