Global Sofa Beds Market Size By Mechanism (Roll-Out Sofa Bed, Futon Sofa Bed), By Sales Channel (Online, Specialty Stores), By Application (Residential, Commercial), By Geographic Scope And Forecast
Report ID: 459934|No. of Pages: 202
Global Sofa Beds Market Size By Mechanism (Roll-Out Sofa Bed, Futon Sofa Bed), By Sales Channel (Online, Specialty Stores), By Application (Residential, Commercial), By Geographic Scope And Forecast
Sofa Beds Market Size And Forecast
Sofa Beds Market size was valued at USD 11,052 Million in 2023 and is projected to reach USD 15,076.64 Million by 2031, growing at a CAGR of 4.54% from 2024 to 2031.
Rising urbanization and shrinking living spaces and growth of the hospitality and vacation rental industry are the factors driving market growth. The Global Sofa Beds Market report provides a holistic market evaluation. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
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Global Sofa Beds Market Analysis
Sofa beds, also known as sleeper sofas or convertible couches, are versatile furniture pieces designed to function as both seating and sleeping solutions. These pieces typically feature a sofa frame with an integrated mechanism that seamlessly converts the sofa into a bed, meeting the growing demand for space-saving furniture in modern homes and commercial spaces. Sofa beds have gained popularity, particularly in urban areas where living spaces are becoming more compact due to increasing real estate costs. They are available in a range of sizes, designs, and mechanisms, from simple futon-style models to more sophisticated roll-out and foldable options that prioritize convenience and comfort. The materials used in sofa beds vary widely, from fabric and leather upholstery to high-quality cushioning options like memory foam or high-density foam mattresses, all aimed at enhancing user comfort and extending product durability.
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Global Sofa Beds Market Overview
The incorporation of smart technology into furniture is a significant trend in the global sofa beds market, highlighting a broader movement towards creating connected home environments. The addition of features like built-in USB ports, wireless charging, and IoT (Internet of Things) connectivity is becoming popular, driven by consumer demand for multifunctional and technologically advanced home furnishings. According to the International Furniture and Home Décor Association (IFHDA), this trend aligns with the growing adoption of smart home devices, as consumers seek convenience and enhanced functionality in their furniture choices.
Several factors are driving the increasing interest in smart furniture, particularly sofa beds. The rise of digital lifestyles has elevated consumer expectations for seamless integration of technology into everyday objects. Smart sofa beds, for instance, offer the convenience of charging electronic devices directly from the furniture, eliminating the need for additional power sources and improving user experience. This combination of practical benefits and technological sophistication aligns with consumer preferences for functional and advanced home environments. Additionally, the rapid urbanization and shrinking living spaces are significantly influencing the demand for space-efficient solutions like sofa beds. As more people migrate to urban centers, the need for multifunctional furniture that combines seating and sleeping capabilities is increasing.
The global sofa beds market is poised for growth, driven by multiple promising opportunities. Urbanization is leading to smaller living spaces, prompting a rising demand for space-saving furniture solutions. The rising trend of hybrid work and flexible living arrangements also supports this demand, as consumers seek versatile furniture to accommodate various needs, such as home offices and guest accommodations. Furthermore, the expansion of e-commerce in the furniture sector, along with advancements in online retail infrastructure, is opening up new avenues for growth. The increasing penetration of e-commerce globally and particularly in emerging markets, as noted by the International Trade Centre (ITC), further amplifies these opportunities.
One of the restraints faced by the global sofa beds market is the fluctuating costs of raw materials. These price fluctuations can significantly impact production costs and overall profitability, presenting a challenge for manufacturers. Additionally, logistical challenges related to transportation can hinder market growth, especially in rural areas where infrastructure may be lacking. The transportation of large items such as sofa beds to remote locations often incurs high costs and logistical difficulties, further limiting product availability in these areas.
The global sofa beds market faces several challenges, with raw material price volatility being a primary concern. Unstable prices for essential components like wood, foam, and metal can lead to cost pressures, affecting both manufacturers and consumers. Furthermore, the growth of the market is also challenged by logistical complexities, particularly in delivering large furniture items to remote and rural areas. High transportation costs and infrastructure limitations can restrict market penetration in these regions. Overcoming these challenges will require strategic planning, efficient supply chain management, and innovative solutions to meet consumer demands in both urban and rural markets.
Global Sofa Beds Market Segmentation Analysis
The Global Sofa Beds Market is segmented based on Mechanism, Sales Channel, Application, and Geography.
Sofa Beds Market, By Mechanism
- Roll-Out Sofa Bed
- Futon Sofa Bed
- Daybed
- Convertible Sofa Bed
- 2-Fold
- 3-Fold
- Others
Based on Mechanism, the market is segmented into Roll-Out Sofa Bed, Futon Sofa Bed, Daybed, Convertible Sofa Bed, 2-Fold, 3-Fold, and Others. Roll-Out Sofa Bed accounted for the largest market share of 28.29% in 2023, with a market Value of USD 3,065.52 Million and is projected to rise at a CAGR of 4.75% during the forecast period. Convertible Sofa Bed was the second-largest market in 2023.
Roll-out sofa beds are designed with a mechanism that allows the mattress to be easily pulled out from beneath the sofa frame, providing a seamless transition between seating and sleeping modes. This type of sofa bed typically features a straightforward design, making it an attractive option for consumers seeking simplicity and ease of use. The growth of roll-out sofa beds can be attributed to their affordability and practicality, as they often come at a lower price point compared to more complex mechanisms.
Sofa Beds Market, By Sales Channel
- Online
- Specialty Stores
- Supermarkets
- Others
Based on Sales Channel, the market is segmented into Online, Specialty Stores, Supermarkets, and Others. Specialty Stores accounted for the bigest market share of 48.56% in 2023, with a market Value of USD 5,260.68 Million and is expected to grow at a CAGR of 4.51%. Online was the second-largest market in 2023 and it is expected to grow at the highest CAGR.
Specialty stores dedicated to home furnishings and furniture offer a focused shopping experience for consumers seeking specific types of products, such as sofa beds. These stores provide expertise and personalized service, allowing customers to explore various designs, materials, and mechanisms in detail. The expansion of specialty stores is fueled by their ability to provide a carefully curated selection of high-quality, distinctive sofa beds, appealing to consumers who prioritize expert knowledge and personalized recommendations.
Sofa Beds Market, By Application
- Residential
- Commercial
Based on Application, the market is segmented into Residential and Commercial. Residential accounted for the largest market share of 81.11% in 2023, with a market Value of USD 8,788.10 Million and is projected to grow at the highest CAGR of 4.76% during the forecast period. Commercial accounted for the second-largest market in 2023.
In the residential sector, sofa beds are utilized as versatile and space-saving furniture solutions within homes. This application is driven by the growing trend of compact living spaces, especially in urban areas where maximizing functionality is crucial.
Sofa Beds Market, By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Based on Regional Analysis, the Global Sofa Beds Market is classified into different regions which include North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America accounted for the largest market share of 41.39% in 2023, with a market Value of USD 4,483.75 Million and is projected to grow at a CAGR of 4.37% during the forecast period. Europe was the second-largest market in 2023.
The sofa beds market in North America, encompassing the United States, Canada, and Mexico, reflects significant growth driven by several critical factors, including urbanization, consumer preferences, and economic conditions.
Key Players
The major players in the market are Man Wah Holdings Limited, Alstons, Jay-be Limited, Cozylant, Muse & Merchant, Willow & Hall Ltd, Sofa Bed Specialist, Forest Sofa, Shenzhen Pg Century Technology Co. Ltd., Kota Company, Nehl Wohnideen, Gautier, Felis Srl, Spazio Relax Spa, Ditre Italia Srl, Mig Furniture Inc., Design Italy. This section provides a company overview, ranking analysis, company regional and industry footprint, and ACE Matrix.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.
Market Attractiveness
The image of market attractiveness provided would further help to get information about the segment that is majorly leading in the Global Sofa Beds Market. We cover the major impacting factors that are responsible for driving the industry growth in the given geography.
Porter’s Five Forces
The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Sofa Beds Market, gauge the attractiveness of a certain sector, and assess investment possibilities.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2021-2031 |
| BASE YEAR | 2023 |
| FORECAST PERIOD | 2024-2031 |
| HISTORICAL PERIOD | 2021-2022 |
| UNIT | Value (USD Million) |
| KEY COMPANIES PROFILED | Man Wah Holdings Limited, Alstons, Jay-be Limited, Cozylant, Muse & Merchant, Willow & Hall Ltd, Sofa Bed Specialist, Forest Sofa |
| SEGMENTS COVERED | By Mechanism, By Sales Channel, By Application, and By Geography |
| CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
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Research Methodology of Verified Market Research
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors.
• Provision of market value (USD Billion) data for each segment and sub-segment.
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market.
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region.
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled.
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions.
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis.
• Provides insight into the market through Value Chain.
• Market dynamics scenario, along with growth opportunities of the market in the years to come.
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Frequently Asked Questions
1 INTRODUCTION
1.1 MARKET DEFINITION
1.2 MARKET SEGMENTATION
1.3 RESEARCH TIMELINES
1.4 ASSUMPTIONS
1.5 LIMITATIONS
2 RESEARCH METHODOLOGY
2.1 DATA MINING
2.2 SECONDARY RESEARCH
2.3 PRIMARY RESEARCH
2.4 SUBJECT MATTER EXPERT ADVICE
2.5 QUALITY CHECK
2.6 FINAL REVIEW
2.7 DATA TRIANGULATION
2.8 BOTTOM-UP APPROACH
2.9 TOP-DOWN APPROACH
2.10 RESEARCH FLOW
2.11 DATA SOURCES
3 EXECUTIVE SUMMARY
3.1 GLOBAL SOFA BEDS MARKET OVERVIEW
3.2 GLOBAL SOFA BEDS MARKET ESTIMATES AND FORECAST (USD MILLION), 2022-2031
3.3 GLOBAL SOFA BEDS ECOLOGY MAPPING
3.4 COMPETITIVE ANALYSIS: FUNNEL DIAGRAM
3.5 GLOBAL SOFA BEDS MARKET ABSOLUTE MARKET OPPORTUNITY
3.6 GLOBAL SOFA BEDS MARKET ATTRACTIVENESS ANALYSIS, BY REGION
3.7 GLOBAL SOFA BEDS MARKET ATTRACTIVENESS ANALYSIS, BY MECHANISM
3.8 GLOBAL SOFA BEDS MARKET ATTRACTIVENESS ANALYSIS, BY SALES CHANNEL
3.9 GLOBAL SOFA BEDS MARKET ATTRACTIVENESS ANALYSIS, BY APPLICATION
3.10 GLOBAL SOFA BEDS MARKET GEOGRAPHICAL ANALYSIS (CAGR %)
3.11 GLOBAL SOFA BEDS MARKET, BY MECHANISM (USD MILLION)
3.12 GLOBAL SOFA BEDS MARKET, BY SALES CHANNEL (USD MILLION)
3.13 GLOBAL SOFA BEDS MARKET, BY APPLICATION (USD MILLION)
3.14 FUTURE MARKET OPPORTUNITIES
4 MARKET OUTLOOK
4.1 GLOBAL SOFA BEDS MARKET EVOLUTION
4.2 GLOBAL SOFA BEDS MARKET OUTLOOK
4.3 MARKET DRIVERS
4.3.1 RISING URBANIZATION AND SHRINKING LIVING SPACES
4.3.2 GROWTH OF THE HOSPITALITY AND VACATION RENTAL INDUSTRY
4.4 MARKET RESTRAINTS
4.4.1 FLUCTUATING RAW MATERIAL PRICES AND SUPPLY CHAIN DISRUPTIONS
4.4.2 LIMITED ADOPTION IN RURAL MARKETS
4.5 MARKET OPPORTUNITIES
4.5.1 EXPANSION OF E-COMMERCE FURNITURE SALES
4.5.2 RISING DISPOSABLE INCOMES IN EMERGING MARKETS
4.6 MARKET TRENDS
4.6.1 INTEGRATION OF SMART TECHNOLOGY IN FURNITURE
4.7 PORTER’S FIVE FORCES ANALYSIS
4.7.1 THREAT OF NEW ENTRANTS: MEDIUM
4.7.2 BARGAINING POWER OF SUPPLIERS: MEDIUM
4.7.3 BARGAINING POWER OF BUYERS: HIGH
4.7.4 THREAT OF SUBSTITUTES: MEDIUM
4.7.5 INDUSTRY RIVALRY: HIGH
4.8 VALUE CHAIN ANALYSIS
4.9 PRICING ANALYSIS
4.10 MACROECONOMIC ANALYSIS
5 MARKET, BY MECHANISM
5.1 OVERVIEW
5.2 GLOBAL SOFA BEDS MARKET: BASIS POINT SHARE (BPS) ANALYSIS, BY MECHANISM
5.3 ROLL-OUT SOFA BED
5.4 FUTON SOFA BED
5.5 DAYBED
5.6 CONVERTIBLE SOFA BED
5.7 2-FOLD SOFA BED
5.8 3-FOLD SOFA BED
5.9 OTHERS
6 MARKET, BY SALES CHANNEL
6.1 OVERVIEW
6.2 GLOBAL SOFA BEDS MARKET: BASIS POINT SHARE (BPS) ANALYSIS, BY SALES CHANNEL
6.3 ONLINE
6.4 SPECIALTY STORES
6.5 SUPERMARKETS
6.6 OTHERS
7 MARKET, BY APPLICATION
7.1 OVERVIEW
7.2 GLOBAL SOFA BEDS MARKET: BASIS POINT SHARE (BPS) ANALYSIS, BY APPLICATION
7.3 RESIDENTIAL
7.4 COMMERCIAL
8 MARKET, BY GEOGRAPHY
8.1 OVERVIEW
8.2 NORTH AMERICA
8.2.1 U.S.
8.2.2 CANADA
8.2.3 MEXICO
8.3 EUROPE
8.3.1 GERMANY
8.3.2 U.K.
8.3.3 FRANCE
8.3.4 ITALY
8.3.5 SPAIN
8.3.6 REST OF EUROPE
8.4 ASIA PACIFIC
8.4.1 CHINA
8.4.2 JAPAN
8.4.3 INDIA
8.4.4 REST OF ASIA PACIFIC
8.5 LATIN AMERICA
8.5.1 BRAZIL
8.5.2 ARGENTINA
8.5.3 REST OF LATIN AMERICA
8.6 MIDDLE EAST AND AFRICA
8.6.1 UAE
8.6.2 SAUDI ARABIA
8.6.3 SOUTH AFRICA
8.6.4 REST OF MIDDLE EAST AND AFRICA
9 COMPETITIVE LANDSCAPE
9.1 OVERVIEW
9.2 COMPETITIVE SCENARIO
9.3 COMPANY MARKET RANKING ANALYSIS
9.4 COMPANY REGIONAL FOOTPRINT
9.5 COMPANY INDUSTRY FOOTPRINT
9.6 ACE MATRIX
9.6.1 ACTIVE
9.6.2 CUTTING EDGE
9.6.3 EMERGING
9.6.4 INNOVATORS
10 COMPANY PROFILES
10.1 MAN WAH HOLDINGS LIMITED
10.1.1 COMPANY OVERVIEW
10.1.2 COMPANY INSIGHTS
10.1.1 SEGMENT BREAKDOWN
10.1.2 PRODUCT BENCHMARKING
10.1.3 SWOT ANALYSIS
10.1.4 WINNING IMPERATIVES
10.1.5 CURRENT FOCUS & STRATEGIES
10.1.6 THREAT FROM COMPETITION
10.2 ALSTONS
10.2.1 COMPANY OVERVIEW
10.2.2 COMPANY INSIGHTS
10.2.3 PRODUCT BENCHMARKING
10.2.4 SWOT ANALYSIS
10.2.5 WINNING IMPERATIVES
10.2.6 CURRENT FOCUS & STRATEGIES
10.2.7 THREAT FROM COMPETITION
10.3 JAY-BE LIMITED
10.3.1 COMPANY OVERVIEW
10.3.2 COMPANY INSIGHTS
10.3.3 PRODUCT BENCHMARKING
10.3.4 SWOT ANALYSIS
10.3.5 WINNING IMPERATIVES
10.3.6 CURRENT FOCUS & STRATEGIES
10.3.7 THREAT FROM COMPETITION
10.4 COZYLANT
10.4.1 COMPANY OVERVIEW
10.4.2 COMPANY INSIGHTS
10.4.3 PRODUCT BENCHMARKING
10.5 MUSE & MERCHANT
10.5.1 COMPANY OVERVIEW
10.5.2 COMPANY INSIGHTS
10.5.3 PRODUCT BENCHMARKING
10.6 WILLOW & HALL LTD
10.6.1 COMPANY OVERVIEW
10.6.2 COMPANY INSIGHTS
10.6.3 PRODUCT BENCHMARKING
10.7 SOFA BED SPECIALIST
10.7.1 COMPANY OVERVIEW
10.7.2 COMPANY INSIGHTS
10.7.3 PRODUCT BENCHMARKING
10.8 FOREST SOFA
10.8.1 COMPANY OVERVIEW
10.8.2 COMPANY INSIGHTS
10.8.3 PRODUCT BENCHMARKING
10.9 SHENZHEN PG CENTURY TECHNOLOGY CO., LTD.
10.9.1 COMPANY OVERVIEW
10.9.2 COMPANY INSIGHTS
10.9.3 PRODUCT BENCHMARKING
10.10 KOTA COMPANY
10.10.1 COMPANY OVERVIEW
10.10.2 COMPANY INSIGHTS
10.10.3 PRODUCT BENCHMARKING
10.11 NEHL WOHNIDEEN
10.11.1 COMPANY OVERVIEW
10.11.2 COMPANY INSIGHTS
10.11.3 PRODUCT BENCHMARKING
10.12 GAUTIER
10.12.1 COMPANY OVERVIEW
10.12.2 COMPANY INSIGHTS
10.12.3 PRODUCT BENCHMARKING
10.13 FELIS SRL
10.13.1 COMPANY OVERVIEW
10.13.2 COMPANY INSIGHTS
10.13.3 PRODUCT BENCHMARKING
10.14 SPAZIO RELAX SPA
10.14.1 COMPANY OVERVIEW
10.14.2 COMPANY INSIGHTS
10.14.3 PRODUCT BENCHMARKING
10.15 DITRE ITALIA SRL
10.15.1 COMPANY OVERVIEW
10.15.2 COMPANY INSIGHTS
10.15.3 PRODUCT BENCHMARKING
10.16 MIG FURNITURE INC.
10.16.1 COMPANY OVERVIEW
10.16.2 COMPANY INSIGHTS
10.16.3 PRODUCT BENCHMARKING
10.17 DESIGN ITALY
10.17.1 COMPANY OVERVIEW
10.17.2 COMPANY INSIGHTS
10.17.3 PRODUCT BENCHMARKING
LIST OF TABLES
TABLE 1 PROJECTED REAL GDP GROWTH (ANNUAL PERCENTAGE CHANGE) OF KEY COUNTRIES
TABLE 2 GLOBAL SOFA BEDS MARKET, BY MECHANISM, 2022-2031 (USD MILLION)
TABLE 3 GLOBAL SOFA BEDS MARKET, BY SALES CHANNEL, 2022-2031 (USD MILLION)
TABLE 4 GLOBAL SOFA BEDS MARKET, BY APPLICATION, 2022-2031 (USD MILLION)
TABLE 5 GLOBAL SOFA BEDS MARKET, BY GEOGRAPHY, 2022-2031 (USD MILLION)
TABLE 6 NORTH AMERICA SOFA BEDS MARKET, BY COUNTRY, 2022-2031 (USD MILLION)
TABLE 7 NORTH AMERICA SOFA BEDS MARKET, BY MECHANISM, 2022-2031 (USD MILLION)
TABLE 8 NORTH AMERICA SOFA BEDS MARKET, BY SALES CHANNEL, 2022-2031 (USD MILLION)
TABLE 9 NORTH AMERICA SOFA BEDS MARKET, BY APPLICATION, 2022-2031 (USD MILLION)
TABLE 10 U.S. SOFA BEDS MARKET, BY MECHANISM, 2022-2031 (USD MILLION)
TABLE 11 U.S. SOFA BEDS MARKET, BY SALES CHANNEL, 2022-2031 (USD MILLION)
TABLE 12 U.S. SOFA BEDS MARKET, BY APPLICATION, 2022-2031 (USD MILLION)
TABLE 13 CANADA SOFA BEDS MARKET, BY MECHANISM, 2022-2031 (USD MILLION)
TABLE 14 CANADA SOFA BEDS MARKET, BY SALES CHANNEL, 2022-2031 (USD MILLION)
TABLE 15 CANADA SOFA BEDS MARKET, BY APPLICATION, 2022-2031 (USD MILLION)
TABLE 16 MEXICO SOFA BEDS MARKET, BY MECHANISM, 2022-2031 (USD MILLION)
TABLE 17 MEXICO SOFA BEDS MARKET, BY SALES CHANNEL, 2022-2031 (USD MILLION)
TABLE 18 MEXICO SOFA BEDS MARKET, BY APPLICATION, 2022-2031 (USD MILLION)
TABLE 19 EUROPE SOFA BEDS MARKET, BY COUNTRY, 2022-2031 (USD MILLION)
TABLE 20 EUROPE SOFA BEDS MARKET, BY MECHANISM, 2022-2031 (USD MILLION)
TABLE 21 EUROPE SOFA BEDS MARKET, BY SALES CHANNEL, 2022-2031 (USD MILLION)
TABLE 22 EUROPE SOFA BEDS MARKET, BY APPLICATION, 2022-2031 (USD MILLION)
TABLE 23 GERMANY SOFA BEDS MARKET, BY MECHANISM, 2022-2031 (USD MILLION)
TABLE 24 GERMANY SOFA BEDS MARKET, BY SALES CHANNEL, 2022-2031 (USD MILLION)
TABLE 25 GERMANY SOFA BEDS MARKET, BY APPLICATION, 2022-2031 (USD MILLION)
TABLE 26 U.K. SOFA BEDS MARKET, BY MECHANISM, 2022-2031 (USD MILLION)
TABLE 27 U.K. SOFA BEDS MARKET, BY SALES CHANNEL, 2022-2031 (USD MILLION)
TABLE 28 U.K. SOFA BEDS MARKET, BY APPLICATION, 2022-2031 (USD MILLION)
TABLE 29 FRANCE SOFA BEDS MARKET, BY MECHANISM, 2022-2031 (USD MILLION)
TABLE 30 FRANCE SOFA BEDS MARKET, BY SALES CHANNEL, 2022-2031 (USD MILLION)
TABLE 31 FRANCE SOFA BEDS MARKET, BY APPLICATION, 2022-2031 (USD MILLION)
TABLE 32 ITALY SOFA BEDS MARKET, BY MECHANISM, 2022-2031 (USD MILLION)
TABLE 33 ITALY SOFA BEDS MARKET, BY SALES CHANNEL, 2022-2031 (USD MILLION)
TABLE 34 ITALY SOFA BEDS MARKET, BY APPLICATION, 2022-2031 (USD MILLION)
TABLE 35 SPAIN SOFA BEDS MARKET, BY MECHANISM, 2022-2031 (USD MILLION)
TABLE 36 SPAIN SOFA BEDS MARKET, BY SALES CHANNEL, 2022-2031 (USD MILLION)
TABLE 37 SPAIN SOFA BEDS MARKET, BY APPLICATION, 2022-2031 (USD MILLION)
TABLE 38 REST OF EUROPE SOFA BEDS MARKET, BY MECHANISM, 2022-2031 (USD MILLION)
TABLE 39 REST OF EUROPE SOFA BEDS MARKET, BY SALES CHANNEL, 2022-2031 (USD MILLION)
TABLE 40 REST OF EUROPE SOFA BEDS MARKET, BY APPLICATION, 2022-2031 (USD MILLION)
TABLE 41 ASIA PACIFIC SOFA BEDS MARKET, BY COUNTRY, 2022-2031 (USD MILLION)
TABLE 42 ASIA PACIFIC SOFA BEDS MARKET, BY MECHANISM, 2022-2031 (USD MILLION)
TABLE 43 ASIA PACIFIC SOFA BEDS MARKET, BY SALES CHANNEL, 2022-2031 (USD MILLION)
TABLE 44 ASIA PACIFIC SOFA BEDS MARKET, BY APPLICATION, 2022-2031 (USD MILLION)
TABLE 45 CHINA SOFA BEDS MARKET, BY MECHANISM, 2022-2031 (USD MILLION)
TABLE 46 CHINA SOFA BEDS MARKET, BY SALES CHANNEL, 2022-2031 (USD MILLION)
TABLE 47 CHINA SOFA BEDS MARKET, BY APPLICATION, 2022-2031 (USD MILLION)
TABLE 48 JAPAN SOFA BEDS MARKET, BY MECHANISM, 2022-2031 (USD MILLION)
TABLE 49 JAPAN SOFA BEDS MARKET, BY SALES CHANNEL, 2022-2031 (USD MILLION)
TABLE 50 JAPAN SOFA BEDS MARKET, BY APPLICATION, 2022-2031 (USD MILLION)
TABLE 51 INDIA SOFA BEDS MARKET, BY MECHANISM, 2022-2031 (USD MILLION)
TABLE 52 INDIA SOFA BEDS MARKET, BY SALES CHANNEL, 2022-2031 (USD MILLION)
TABLE 53 INDIA SOFA BEDS MARKET, BY APPLICATION, 2022-2031 (USD MILLION)
TABLE 54 REST OF ASIA PACIFIC SOFA BEDS MARKET, BY MECHANISM, 2022-2031 (USD MILLION)
TABLE 55 REST OF ASIA PACIFIC SOFA BEDS MARKET, BY SALES CHANNEL, 2022-2031 (USD MILLION)
TABLE 56 REST OF ASIA PACIFIC SOFA BEDS MARKET, BY APPLICATION, 2022-2031 (USD MILLION)
TABLE 57 LATIN AMERICA SOFA BEDS MARKET, BY COUNTRY, 2022-2031 (USD MILLION)
TABLE 58 LATIN AMERICA SOFA BEDS MARKET, BY MECHANISM, 2022-2031 (USD MILLION)
TABLE 59 LATIN AMERICA SOFA BEDS MARKET, BY SALES CHANNEL, 2022-2031 (USD MILLION)
TABLE 60 LATIN AMERICA SOFA BEDS MARKET, BY APPLICATION, 2022-2031 (USD MILLION)
TABLE 61 BRAZIL SOFA BEDS MARKET, BY MECHANISM, 2022-2031 (USD MILLION)
TABLE 62 BRAZIL SOFA BEDS MARKET, BY SALES CHANNEL, 2022-2031 (USD MILLION)
TABLE 63 BRAZIL SOFA BEDS MARKET, BY APPLICATION, 2022-2031 (USD MILLION)
TABLE 64 ARGENTINA SOFA BEDS MARKET, BY MECHANISM, 2022-2031 (USD MILLION)
TABLE 65 ARGENTINA SOFA BEDS MARKET, BY SALES CHANNEL, 2022-2031 (USD MILLION)
TABLE 66 ARGENTINA SOFA BEDS MARKET, BY APPLICATION, 2022-2031 (USD MILLION)
TABLE 67 REST OF LATIN AMERICA SOFA BEDS MARKET, BY MECHANISM, 2022-2031 (USD MILLION)
TABLE 68 REST OF LATIN AMERICA SOFA BEDS MARKET, BY SALES CHANNEL, 2022-2031 (USD MILLION)
TABLE 69 REST OF LATIN AMERICA SOFA BEDS MARKET, BY APPLICATION, 2022-2031 (USD MILLION)
TABLE 70 MIDDLE EAST AND AFRICA SOFA BEDS MARKET, BY COUNTRY, 2022-2031 (USD MILLION)
TABLE 71 MIDDLE EAST AND AFRICA SOFA BEDS MARKET, BY MECHANISM, 2022-2031 (USD MILLION)
TABLE 72 MIDDLE EAST AND AFRICA SOFA BEDS MARKET, BY SALES CHANNEL, 2022-2031 (USD MILLION)
TABLE 73 MIDDLE EAST AND AFRICA SOFA BEDS MARKET, BY APPLICATION, 2022-2031 (USD MILLION)
TABLE 74 UAE SOFA BEDS MARKET, BY MECHANISM, 2022-2031 (USD MILLION)
TABLE 75 UAE SOFA BEDS MARKET, BY SALES CHANNEL, 2022-2031 (USD MILLION)
TABLE 76 UAE SOFA BEDS MARKET, BY APPLICATION, 2022-2031 (USD MILLION)
TABLE 77 SAUDI ARABIA SOFA BEDS MARKET, BY MECHANISM, 2022-2031 (USD MILLION)
TABLE 78 SAUDI ARABIA SOFA BEDS MARKET, BY SALES CHANNEL, 2022-2031 (USD MILLION)
TABLE 79 SAUDI ARABIA SOFA BEDS MARKET, BY APPLICATION, 2022-2031 (USD MILLION)
TABLE 80 SOUTH AFRICA SOFA BEDS MARKET, BY MECHANISM, 2022-2031 (USD MILLION)
TABLE 81 SOUTH AFRICA SOFA BEDS MARKET, BY SALES CHANNEL, 2022-2031 (USD MILLION)
TABLE 82 SOUTH AFRICA SOFA BEDS MARKET, BY APPLICATION, 2022-2031 (USD MILLION)
TABLE 83 REST OF MIDDLE EAST AND AFRICA SOFA BEDS MARKET, BY MECHANISM, 2022-2031 (USD MILLION)
TABLE 84 REST OF MIDDLE EAST AND AFRICA SOFA BEDS MARKET, BY SALES CHANNEL, 2022-2031 (USD MILLION)
TABLE 85 REST OF MIDDLE EAST AND AFRICA SOFA BEDS MARKET, BY APPLICATION, 2022-2031 (USD MILLION)
TABLE 86 COMPANY REGIONAL FOOTPRINT
TABLE 87 COMPANY INDUSTRY FOOTPRINT
TABLE 88 MAN WAH HOLDINGS LIMITED: PRODUCT BENCHMARKING
TABLE 89 MAN WAH HOLDINGS LIMITED: WINNING IMPERATIVES
TABLE 90 ALSTONS: PRODUCT BENCHMARKING
TABLE 91 ALSTONS: WINNING IMPERATIVES
TABLE 92 JAY-BE LIMITED: PRODUCT BENCHMARKING
TABLE 93 JAY-BE LIMITED: WINNING IMPERATIVES
TABLE 94 COZYLANT: PRODUCT BENCHMARKING
TABLE 95 MUSE & MERCHANT: PRODUCT BENCHMARKING
TABLE 96 WILLOW & HALL LTD: PRODUCT BENCHMARKING
TABLE 97 SOFA BED SPECIALIST: PRODUCT BENCHMARKING
TABLE 98 FOREST SOFA: PRODUCT BENCHMARKING
TABLE 99 SHENZHEN PG CENTURY TECHNOLOGY CO., LTD.: PRODUCT BENCHMARKING
TABLE 100 KOTA COMPANY: PRODUCT BENCHMARKING
TABLE 101 NEHL WOHNIDEEN: PRODUCT BENCHMARKING
TABLE 102 GAUTIER: PRODUCT BENCHMARKING
TABLE 103 FELIS SRL: PRODUCT BENCHMARKING
TABLE 104 SPAZIO RELAX SPA: PRODUCT BENCHMARKING
TABLE 105 DITRE ITALIA SRL: PRODUCT BENCHMARKING
TABLE 106 MIG FURNITURE INC.: PRODUCT BENCHMARKING
TABLE 107 DESIGN ITALY: PRODUCT BENCHMARKING
LIST OF FIGURES
FIGURE 1 GLOBAL SOFA BEDS MARKET SEGMENTATION
FIGURE 2 RESEARCH TIMELINES
FIGURE 3 DATA TRIANGULATION
FIGURE 4 MARKET RESEARCH FLOW
FIGURE 5 DATA SOURCES
FIGURE 6 SUMMARY
FIGURE 7 GLOBAL SOFA BEDS MARKET ESTIMATES AND FORECAST (USD MILLION), 2022-2031
FIGURE 8 COMPETITIVE ANALYSIS: FUNNEL DIAGRAM
FIGURE 9 GLOBAL SOFA BEDS MARKET ABSOLUTE MARKET OPPORTUNITY
FIGURE 10 GLOBAL SOFA BEDS MARKET ATTRACTIVENESS ANALYSIS, BY REGION
FIGURE 11 GLOBAL SOFA BEDS MARKET ATTRACTIVENESS ANALYSIS, BY PRODUCT
FIGURE 12 GLOBAL SOFA BEDS MARKET ATTRACTIVENESS ANALYSIS, BY SALES CHANNEL
FIGURE 13 GLOBAL SOFA BEDS MARKET ATTRACTIVENESS ANALYSIS, BY APPLICATION
FIGURE 14 GLOBAL SOFA BEDS MARKET GEOGRAPHICAL ANALYSIS, 2024-31
FIGURE 15 GLOBAL SOFA BEDS MARKET, BY MECHANISM (USD MILLION)
FIGURE 16 GLOBAL SOFA BEDS MARKET, BY SALES CHANNEL (USD MILLION)
FIGURE 17 GLOBAL SOFA BEDS MARKET, BY APPLICATION (USD MILLION)
FIGURE 18 FUTURE MARKET OPPORTUNITIES
FIGURE 19 GLOBAL SOFA BEDS MARKET OUTLOOK
FIGURE 20 MARKET DRIVERS_IMPACT ANALYSIS
FIGURE 21 MARKET RESTRAINTS_IMPACT ANALYSIS
FIGURE 22 MARKET OPPORTUNITY_IMPACT ANALYSIS
FIGURE 23 PORTER’S FIVE FORCES ANALYSIS
FIGURE 24 GLOBAL SOFA BEDS MARKET, BY MECHANISM, VALUE SHARES IN 2023
FIGURE 25 GLOBAL SOFA BEDS MARKET BASIS POINT SHARE (BPS) ANALYSIS, BY MECHANISM
FIGURE 26 GLOBAL SOFA BEDS MARKET, BY SALES CHANNEL
FIGURE 27 GLOBAL SOFA BEDS MARKET BASIS POINT SHARE (BPS) ANALYSIS, BY SALES CHANNEL
FIGURE 28 GLOBAL SOFA BEDS MARKET, BY APPLICATION, VALUE SHARES IN 2023
FIGURE 29 GLOBAL SOFA BEDS MARKET BASIS POINT SHARE (BPS) ANALYSIS, BY APPLICATION
FIGURE 30 GLOBAL SOFA BEDS MARKET, BY GEOGRAPHY, 2022-2031 (USD MILLION)
FIGURE 31 NORTH AMERICA MARKET SNAPSHOT
FIGURE 32 U.S. MARKET SNAPSHOT
FIGURE 33 CANADA MARKET SNAPSHOT
FIGURE 34 MEXICO MARKET SNAPSHOT
FIGURE 35 EUROPE MARKET SNAPSHOT
FIGURE 36 GERMANY MARKET SNAPSHOT
FIGURE 37 U.K. MARKET SNAPSHOT
FIGURE 38 FRANCE MARKET SNAPSHOT
FIGURE 39 ITALY MARKET SNAPSHOT
FIGURE 40 SPAIN MARKET SNAPSHOT
FIGURE 41 REST OF EUROPE MARKET SNAPSHOT
FIGURE 42 ASIA PACIFIC MARKET SNAPSHOT
FIGURE 43 CHINA MARKET SNAPSHOT
FIGURE 44 JAPAN MARKET SNAPSHOT
FIGURE 45 INDIA MARKET SNAPSHOT
FIGURE 46 REST OF ASIA PACIFIC MARKET SNAPSHOT
FIGURE 47 LATIN AMERICA MARKET SNAPSHOT
FIGURE 48 BRAZIL MARKET SNAPSHOT
FIGURE 49 ARGENTINA MARKET SNAPSHOT
FIGURE 50 REST OF LATIN AMERICA MARKET SNAPSHOT
FIGURE 51 MIDDLE EAST AND AFRICA MARKET SNAPSHOT
FIGURE 52 UAE MARKET SNAPSHOT
FIGURE 53 SAUDI ARABIA MARKET SNAPSHOT
FIGURE 54 SOUTH AFRICA MARKET SNAPSHOT
FIGURE 55 REST OF MIDDLE EAST AND AFRICA MARKET SNAPSHOT
FIGURE 56 KEY STRATEGIC DEVELOPMENTS
FIGURE 57 COMPANY MARKET RANKING ANALYSIS
FIGURE 58 ACE MATRIC
FIGURE 59 MAN WAH HOLDINGS LIMITED: COMPANY INSIGHT
FIGURE 60 MAN WAH HOLDINGS LIMITED: BREAKDOWN
FIGURE 61 MAN WAH HOLDINGS LIMITED: SWOT ANALYSIS
FIGURE 62 ALSTONS: COMPANY INSIGHT
FIGURE 63 ALSTONS: SWOT ANALYSIS
FIGURE 64 JAY-BE LIMITED: COMPANY INSIGHT
FIGURE 65 JAY-BE LIMITED: SWOT ANALYSIS
FIGURE 66 COZYLANT: COMPANY INSIGHT
FIGURE 67 MUSE & MERCHANT: COMPANY INSIGHT
FIGURE 68 WILLOW & HALL LTD: COMPANY INSIGHT
FIGURE 69 SOFA BED SPECIALIST: COMPANY INSIGHT
FIGURE 70 FOREST SOFA: COMPANY INSIGHT
FIGURE 71 SHENZHEN PG CENTURY TECHNOLOGY CO., LTD.: COMPANY INSIGHT
FIGURE 72 KOTA COMPANY: COMPANY INSIGHT
FIGURE 73 NEHL WOHNIDEEN: COMPANY INSIGHT
FIGURE 74 GAUTIER: COMPANY INSIGHT
FIGURE 75 FELIS SRL: COMPANY INSIGHT
FIGURE 76 SPAZIO RELAX SPA: COMPANY INSIGHT
FIGURE 77 DITRE ITALIA SRL: COMPANY INSIGHT
FIGURE 78 MIG FURNITURE INC.: COMPANY INSIGHT
FIGURE 79 DESIGN ITALY: COMPANY INSIGHT
Report Research Methodology
Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.
This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
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| Supplier side |
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| Demand side |
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Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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