Product Code: ETC370644 | Publication Date: Aug 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India adjustable bed base and bed market import shipment demonstrated a robust CAGR from 2020 to 2024 at 18.8%. The growth rate between 2023 and 2024 showed a positive momentum of 6.3%, indicating a steady expansion of the market during this period. Overall, the market exhibited strong and consistent growth over the specified time frame.
The adjustable bed base & bed market size in India is estimated at around US$ 180 million and is expected to expand at a compound annual growth rate (CAGR) of 7% over the forecast period. The growing geriatric population coupled with their increasing preference for comfort while sleeping are some of the major factors driving demand for adjustable beds among older individuals. Moreover, technological advancements focused on providing enhanced user experience coupled with competitive pricing strategies adopted by manufacturers will further boost product penetration over the coming years.
The adjustable bed base and bed market in India are witnessing growth due to several key drivers. One of the primary drivers is the increasing awareness of the benefits of adjustable beds for improved sleep quality and overall comfort. As lifestyle changes and stress-related issues impact sleep patterns, more individuals in India are seeking ergonomic and customizable bedding solutions. Additionally, the rising prevalence of lifestyle-related health conditions, such as back pain and mobility challenges, has driven the demand for adjustable beds that offer personalized support and positioning options. Furthermore, the expanding hospitality and healthcare sectors have also contributed to the market`s growth, as these industries recognize the importance of providing superior comfort and care to their guests and patients.
The adjustable bed base and bed market in India is experiencing growth due to the increasing awareness of ergonomic sleeping solutions and the aging population`s demand for comfortable beds. However, the market faces challenges. One of the primary challenges is the perception of adjustable beds as a luxury rather than a necessity, limiting their adoption among price-sensitive consumers. The higher cost of adjustable beds compared to traditional beds may deter some potential buyers. Additionally, the lack of standardized regulations for the manufacturing and safety standards of adjustable beds can raise concerns about product quality and durability. The availability of skilled technicians for installation and maintenance is also essential to ensure the long-term functionality and reliability of these specialized beds.
The adjustable bed base and bed market in India experienced varying impacts due to the COVID-19 pandemic. During the initial phases of the pandemic, the furniture industry faced challenges like supply chain disruptions and manufacturing restrictions. Consumer spending on non-essential items, including furniture, declined as economic uncertainties prevailed. As a result, the demand for adjustable bed bases and beds witnessed a temporary slowdown. However, as people spent more time at home and sought comfort during the pandemic, the demand for home furniture, including adjustable beds, started to recover. The rising awareness of ergonomic furniture and the importance of maintaining good sleep hygiene bolstered the market`s revival. Manufacturers in this sector adapted to the changing consumer preferences by offering online sales channels and contactless delivery options, catering to the evolving demands during the pandemic.
The adjustable bed base and bed market in India have seen significant growth due to the increasing demand for personalized sleep solutions and rising awareness about the benefits of adjustable beds for health and comfort. Key players in this market include companies like Sleepwell, Kurlon Enterprise Limited, Nilkamal Limited, and Durfi Mattresses. These companies offer a variety of adjustable bed bases and beds with features like remote-controlled adjustments, zero gravity positions, and customizable comfort settings. They focus on product innovation to provide ergonomic designs and pressure-relieving technologies, promoting better sleep and overall well-being. These key players also emphasize building strong retail partnerships and online distribution channels to reach a broader consumer base in India evolving sleep solutions market.