South Korea Bed with Storage Market was valued at USD 0.9 Billion in 2022 and is projected to reach USD 1.5 Billion by 2030, growing at a CAGR of 7.4% from 2024 to 2030.
The South Korea bed with storage market has seen significant growth in recent years, driven by a combination of urbanization, rising real estate prices, and the increasing demand for multifunctional furniture. This market is primarily shaped by the needs of modern consumers looking for space-saving solutions without compromising on comfort or aesthetics. With smaller living spaces becoming more common, especially in metropolitan areas like Seoul, consumers are seeking beds that offer both functionality and style, making bed with storage a must-have in many households.
The key types of beds with storage in South Korea include platform beds, storage beds with drawers, and loft beds. Each of these types serves specific needs. Platform beds, for example, offer a sleek design with built-in storage beneath the mattress, while storage beds with drawers provide easy access to larger storage spaces. Loft beds are increasingly popular among younger people and small apartment dwellers, as they elevate the bed to free up space beneath for desks, chairs, or additional storage.
Industries requiring these products span across various sectors, including residential, hospitality, and even the burgeoning student accommodation market. The rise of short-term rentals and the growing number of young professionals and students has led to a higher demand for compact and versatile furniture that makes the most of limited space. For hospitality businesses, such as hotels and guesthouses, investing in beds with storage can be a cost-effective way to optimize room layouts and enhance the guest experience by providing additional storage options.
In terms of material requirements, South Korea’s bed with storage market demands high-quality and durable materials, such as hardwood, metal, and engineered wood. These materials ensure longevity while maintaining an aesthetic appeal. Additionally, the market has witnessed a shift toward eco-friendly, sustainable options, with an increasing number of consumers prioritizing environmentally responsible choices in their furniture purchases.
The demand for beds with storage is also influenced by changing lifestyle preferences. As more people embrace minimalist living and focus on decluttering, furniture that doubles as storage space is becoming essential. The South Korean market has responded by offering a wide range of customizable storage solutions to cater to the diverse needs of consumers.
With continued urban development and evolving consumer preferences, the South Korea bed with storage market is poised for further growth. Manufacturers are increasingly focusing on innovation and quality, introducing new designs, colors, and features to meet the ever-changing needs of the modern consumer.
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Wilding Wallbeds
Murphy Wall Beds Hardware
SICO Inc.
Clever (Homes Casa)
FlyingBeds International
Clei (Lawrance)
The London Wallbed Company
The Bedder Way Co.
More Space Place
Lagrama
BESTAR inc.
Instant Bedrooms
Twin Cities Closet Company
Murphy Bed USA
B.O.F.F. Wall Bed
Wall Beds Manufacturing
Spaceman
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Bed with Storage Market
Platform Beds
Canopy Beds
Sleigh Beds
Storage Beds with Drawers
Loft Beds
Wood
Metal
Fabric Upholstered
Composite Materials
Leather
Modern
Contemporary
Traditional
Rustic
Minimalist
Single/ Twin
Full/ Double
Queen
King
California King
Budget (Under $500)
Mid-range ($500 - $1,000)
High-end ($1,000 - $2,000)
Luxury (Above $2,000)
Custom-made Options
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Bed with Storage Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Bed with Storage Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Bed with Storage Market, By Type
6. South Korea Bed with Storage Market, By Application
7. South Korea Bed with Storage Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Bed with Storage Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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