The Global Demand for Wall Beds is Expected to Increase Till 2022
A market research report by Million Insights estimates a significant rise in demand for pull down beds for residential and commercial purposes.
VAUGHAN, Ontario, June 8, 2018 (Newswire.com) - The global market for pull down beds or murphy beds is expected to grow at a significant compound annual growth rate (CAGR) till 2022. The research report on Global Pull Down Bed Analysis by Million Insights suggests that there will be a rise in demand for murphy beds for residential and commercial purposes in the upcoming years. Keith Marjadsingh, the owner of Hiddenbed Factory, the leading manufacturer of custom bed systems in Ontario, elaborates how the increased popularity of pull-down beds will benefit his business.
“The versatility of the pull-down beds in homes with restricted floor space is the reason for their increased popularity and use across the globe. This is a good news for murphy bed manufacturers like us as the increase in the demand for pull down beds will boost our sales. It will act as a motivation for us to keep offering great products to our customers”, says Marjadsingh.
This is a good news for murphy bed manufacturers like us as the increase in the demand for pull down beds will boost our sales. It will act as a motivation for us to keep offering great products to our customers.
Keith Marjadsingh, Owner of Hiddenbed Factory
The report also highlights that North America is the biggest market for pull down beds in terms of production, consumption, revenue, market share and growth rate, and it will continue to hold this position in the years to come. You can request a free sample of the full research report here.
About Hiddenbed Factory
Hiddenbed Factory is a trusted manufacturer of murphy beds in Canada. The company designs custom bed system with tailor-made closets and cabinetry to suit the budget and lifestyle of its customers. Horizontal hiddenbeds, university hiddenbeds, vertical hiddenbeds and studio hiddenbeds are some of the models manufactured by the company for Canada and the USA. They offer installation services in all parts of the Greater Toronto Area.
Source: Hiddenbed Factory