Murphy Bed Market Report 2024 (Global Edition)

Global Murphy Bed Market Report 2024 Market Size Split by Bed Type (Single, Double, Others), by By Material (Wood, Metal, Alloy, Others), by By Capacity (King-size, Queen-size, Others), by By Operatio...

Murphy Bed Market Report Description

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Murphy Bed Market Insights Video

Competitive Landscape of the Murphy Bed Market

The Murphy Bed Market has a competitive landscape, with various players competing to provide consumers with innovative designs, high-quality materials, and efficient space-saving solutions. Established furniture manufacturers, specialized Murphy bed companies, and online retailers are among the market's major players. These businesses strive to differentiate themselves through design aesthetics, material quality, usability, and customer service.

May 2023, In a Dezeen-supported feature, Resource Furniture showcases their modern space-saving furniture designs, including the motorized Tonale sofa wall bed and the LGM 2.Zero rotational wall bed. These revolutionary wall beds are essential to Resource Furniture's collection of versatile and adaptable items, which have been purposefully designed to optimize living spaces effectively.

(Source: https://www.dezeen.com/2023/05/15/wal-beds-resource-furniture/)

October, 2019, Wilding Wall Beds has introduced a new line of wall beds. These wall beds will be offered in four different styles, and they are designed so that the bed does not need to be fixed to the wall.

(Source: https://www.wallbedsbywilding.com/)

Top Companies Market Share in Murphy Bed Industry: (In no particular order of Rank)

• Murphy Wall Beds Hardware Inc. (Canada)
• SICO Incorporated (The U.S)
• FlyingBeds International (The U.S)
• The London Walled Company (UK).
• Wilding Wallbeds (The U.S)
• Spaceman (Singapore)
• The Bedder Way Company (The U.S)
• Bestar Inc (Canada)
• Twin Cities Closet Company (The U.S)
• Boff Wall Beds (Canada)
• Wall Beds Manufacturing (The U.S)
• Clei
• Lawrance (The U.S)
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Murphy Bed Market

Which Region Dominates the Murphy Bed Market in 2024?

According to Cognitive Market Research, In 2024, the North American region had the most market share. This is because the number of nuclear families in the region has increased, as has the culture of young people living in studio apartments

Which Region is Expanding at the Fastest CAGR?

The Asia-Pacific Wall Bed Market is predicted to develop at the quickest CAGR between 2023 and 2032. This is attributable to rising living standards and the availability of a wider range of wall bed items. Furthermore, China's wall bed market had the highest market share, while India's wall bed market was the fastest-growing in the Asia-Pacific region.

 

The current report Scope analyzes Murphy Bed Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Murphy Bed Market

According to Cognitive Market Research, the global Murphy Bed market size was estimated at USD 1569.5 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 627.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Murphy Bed market with a market size of USD 495.33 million in 2024 and is projected to grow at a CAGR of 3.0% during the forecast period. The United States had a major share in the Murphy Bed market due to factors such as a strong demand for space-saving solutions, a culture of home improvement, and a focus on innovative furniture designs.
• The Canada Murphy Bed market had a market share of USD 75.34 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. Canada's Murphy Bed market is also showing growth, mirroring trends seen in the US market. Factors such as urbanization the need for space-saving solutions.
• The Mexico Murphy Bed market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 57.13 million in 2024.

Europe Murphy Bed Market

According to Cognitive Market Research, the global Murphy Bed market size was estimated at USD 1569.5 Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD 470.85 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.5% from 2024 to 2031.

• The United Kingdom Murphy Bed market had a market share of USD 79.10 million in 2024 and is projected to grow at a CAGR of 4.3% during the forecast period. In the UK, Murphy Bed sales witness an upswing due to the increasing trend of maximizing living spaces in urban areas..
• The France Murphy Bed market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 43.32 million in 2024.
• According to Cognitive Market Research, the Germany Murphy Bed market size was valued at USD 93.23 million in 2024 and is projected to grow at a CAGR of 3.7% during the forecast period. In Germany, Murphy Bed sales surged due to the country's focus on efficient living spaces
• The Italy Murphy Bed market is projected to witness growth at a CAGR of 2.9% during the forecast period, with a market size of USD 40.49 million in 2024.
• The Russia Murphy Bed market is projected to witness growth at a CAGR of 2.5% during the forecast period, with a market size of USD 72.98 million in 2024.
• The Spain Murphy Bed market is projected to witness growth at a CAGR of 2.6% during the forecast period with a market size of USD 38.61 million in 2024
• The Luxembourg Murphy Bed market is projected to witness growth at a CAGR of 3.6% during the forecast period, with a market size of USD 14.60 million in 2024.
• The Portugal Murphy Bed market is projected to witness growth at a CAGR of 3.3% during the forecast period, with a market size of USD 9.89 million in 2024.
• The Greece Murphy Bed market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 5.65 million in 2024.
• Rest of Europe's Murphy Bed market is projected to witness growth at a CAGR of 2.2% during the forecast period, with a market size of USD 72.98 million in 2024.

Asia Pacific Murphy Bed Market

According to Cognitive Market Research, the global Murphy Bed market size was estimated at USD 1569.5 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 360.99 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Murphy Bed market size was valued at USD 162.44 million in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period. Murphy Bed sales surge in China due tp increasing urbanization and the limited living spaces in cities like Beijing and Shanghai.
• The Japan Murphy Bed market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 49.82 million in 2024.
• The India Murphy Bed market had a market share of USD 43.32 million in 2024 and is projected to grow at a CAGR of 8.8% during the forecast period. In India, the Murphy Bed market is also witnessing growth due to factors such as urbanization.
• The South Korea Murphy Bed market is projected to witness growth at a CAGR of 6.1% during the forecast period, with a market size of USD 36.10 million in 2024.
• The Australia Murphy Bed market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 18.77 million in 2024.
• The South East Asia Murphy Bed market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD 24.91 million in 2024.
• The Rest of Asia Pacific Murphy Bed market is projected to witness growth at a CAGR of 6.8% during the forecast period, with a market size of USD 25.63 million in 2024.

South America Murphy Bed Market

According to Cognitive Market Research, the global Murphy Bed market size was estimated at USD 1569.5 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 78.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Murphy Bed market size was valued at USD 33.59 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. Murphy Bed sales flourish in Brazil due to the increasing demand for innovative space-saving solutions.
• Argentina Murphy Bed market had a market share of USD 13.18 million in 2024 and is projected to grow at a CAGR of 5.3% during the forecast period. The demand for Murphy beds in Argentina is driven by factors such as urbanization, limited living spaces in cities like Buenos Aires, and a growing preference for practical yet stylish furniture solutions.
• Colombia Murphy Bed market is projected to witness growth at a CAGR of 4.2% during the forecast period with a market size of USD 6.98 million in 2024.
• Peru Murphy Bed market is projected to witness growth at a CAGR of 4.6% during the forecast period with a market size of USD 6.43 million in 2024.
• Chile Murphy Bed market is projected to witness growth at a CAGR of 4.7% during the forecast period with a market size of USD 5.65 million in 2024.
• The Rest of Latin America Murphy Bed market is projected to witness growth at a CAGR of 3.5% during the forecast period, with a market size of USD 12.63 million in 2024.

Middle East and Africa Murphy Bed Market

According to Cognitive Market Research, the global Murphy Bed market size was estimated at USD 1569.5 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 31.39 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.

• The GCC Countries Murphy Bed market is projected to witness growth at a CAGR of 5.5% during the forecast period with a market size of USD 13.43 million in 2024. Murphy Bed sales flourish due to the growing preference for innovative space-saving solutions.
• The Egypt Murphy Bed market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD 3.30 million in 2024.
• The South Africa Murphy Bed market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 4.96 million in 2024. In South Africa, Murphy Bed sales flourish due to the rapid urbanization trends, limited living spaces in cities like Johannesburg and Cape Town.
• The Turkey Murphy Bed market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 2.70 million in 2024.
• The Nigeria Murphy Bed market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 3.30 million in 2024.
• The Rest of MEA Murphy Bed market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 3.70 million in 2024.

Murphy Bed Market Analysis

Murphy Bed Market Bed Type Segment Analysis

According to Cognitive Market Research, The single segment had the greatest wall bed market share in 2023, because of its convenience and affordable price. Because of its versatility as a rental property, nuclear families are more likely to use it. Furthermore, thanks to superior design and technical innovation, customers can move the bed with a spring mattress and a strong metal frame without causing damage to the wall. Because the vast majority of people on the planet own only one home, it is difficult for them to retain all of their belongings in one location.

The Double Segment is the fastest-growing sector of the Murphy Bed Market. This segment has witnessed tremendous growth as it provides double benefits and is space-saving, too. Double Murphy beds make big demands in smaller places, like apartments and guest room areas, where more space needs to be created. Their translational ability in a very short period to change a bedroom into a living area made them quite popular for modern living spaces. The double Murphy beds gained fast in the markets because of their added advantages of being convenient and practical.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Murphy Bed Industry. Request a Free Sample PDF!

Murphy Bed Market Material Segment Analysis

According to Cognitive Market Research, the wooden sector accounted for a considerable amount of the market share. The most prevalent structural material used in wall beds is wood. This is the strongest material available, hence it is the most usually used material for the most important part of the wall bed: the frame. For a variety of reasons, solid wood is seldom used as an exterior material. Solid wood warps naturally, leaving noticeable flaws that degrade the overall look and structural performance of your wall bed.

The Metal segment is the fastest-growing segment in the Murphy Bed Market. This includes the modern look of metal Murphy beds, sleek appearance, strength, and durability. Metal Murphy beds become very popular among consumers in search of space-saving solutions that are contemporary and long-lasting. Different design options can be made out of various metal alloys, hence being used by a variety of customers. Additionally, what draws people to metal beds is the sturdiness and strength of the furniture. The growing interest in modern looks and the durability offered by metal materials drive the rapid growth of the Metal segment in the Murphy Bed Market.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Murphy Bed By Capacity Segment Analysis

Capacity Segment Analysis

According to Cognitive Market Research, the King sector had a considerable market share. King-size beds measure 5' x 6'6" and are ideal for individuals who require additional space to spread out. If you have the room and the money, we recommend a king-size bed over a double because it provides much more space per person.

The queen-size segment is the fastest-growing in the Murphy bed market. More and more people are adopting queen-size Murphy beds since the sleeping area is bigger, thus providing greater comfort compared to the smaller sizes. Ideal for couples or any person that likes extra space but still would like to requisition the space-saving feature of a Murphy bed, these are the best. The Queen-size segment among the various Murphy bed dimensions has become very popular because of its versatility and functionality, making it one of the most desirable choices for different living spaces.

• King-size
• Queen-size
• Others

Murphy Bed By Operation Segment Analysis

Operation Segment Analysis

According to Cognitive Market Research the automated segment had the largest market share, but it also had the highest market price due to its advanced technology. Vertical wall-mounted motorised beds with foldable mechanisms are the best option for optimizing space. A simple remote control turns the bed into a sofa. Sofa wall bed combinations are great space savers since they mix the functions of a living room and a bedroom.

The Hybrid segment is the fastest-growing sector in the Murphy Bed Market. The hybrid type of Murphy bed is an all-embracing design for one who desires traditional manual bed functionality but with new-age characteristics that allow for a current, engaging user experience. These beds often provide a mechanized way to facilitate easier use while still having the essence of a classic manual Murphy bed. It has also adopted a hybrid design, which best suits the needs of the consumers: a balance of the traditional functionality and the modern-day convenience that consumers demand, hence its popularity in the market.

• Manual
• Automatic
• Hybrid

Murphy Bed By Application Segment Analysis

Application Segment Analysis

According to Cognitive Market Research, the residential category is expected to expand the quickest overall in the industry. As infrastructure is created, the market for multipurpose furniture is rising due to limited space and the ease of access to households at affordable prices. The availability of manual and automatic folded wall beds, for example, is attracting more customers, resulting in higher sales volume over the forecast period.

Hotels are the fastest-growing segment of the Murphy Bed Market. The beds are quickly being accepted in the hotel industry to enhance room space, along with flexible sleeping facilities for guests. Murphy beds offer a great solution to enable hotels to accommodate more comfortables while effortlessly easily maintaining the full functionality of the rooms. The space-saving benefits of Murphy beds, as well as their modern design, feature prominently in this industry, which has become highly invested in efficient use of space and guest experience.

• Residential
• Hotels
• Hospitals
• Others

Murphy Bed By Distribution Channel Segment Analysis

Distribution Channel Segment Analysis

According to Cognitive Market Research, the Furniture Stores segment dominates the Murphy Bed Market. Furniture stores traditionally hold a wide array of furniture, hence, comprising Murphy beds, making the store a one-stop shop for those seeking space-saving solutions.

the Online Retail segment is the fastest in the Murphy Bed Market. This is attributed to the fact that online retailing gives convenience, wide selection, and the ease of price comparison. As online shopping is more trending nowadays because of its convenience, the Murphy Bed Market is growing rapidly in the Online Retail segment.

• Hypermarkets
• Home Décor Store
• Furniture Stores
• Specialty Stores
• Online Retail
• Others

Author's Detail

Sneha Mali

Research Analyst at Cognitive Market Research

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I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.

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