Global Wall Bed Market Hardware By Revenue, Share, Demand & Forecast Till 2027
Market Synopsis The global Wall Bed Market Hardware is likely to touch USD 3.1 billion at a healthy 6.2% CAGR between 2019- 2024, as per the recent Market Research Future (MRFR) analysis. Wall beds, also known as a hide-a-bed, folding bed, or Murphy bed, simply put, is a functional furniture piece that can transform a room instantly into a bedroom. These vertical beds are folded against a wall and used for creating space in a bedroom. When not in use, these beds easily fold up against the wall, thus generating more space. They come in both double and single sizes and in both automated and manual versions. Owing to its alluring features and plentiful benefits, wall beds are widely used in commercial and residential sectors. Various factors are propelling the global Wall Bed Market Hardware growth. As per the latest MRFR report, such factors include increasing population, the rising price of flats or spacious apartments that is influencing the creation of small-sized commercial space