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Depending on distribution channel, it is segregated into supermarket/hypermarket, specialty store, e-commerce, and B2B. On the basis of end user, it is divided into residential and commercial. By product type, the market is classified into wooden and metal. The global canopy bed market is segmented into product type, end user, distribution channel, and region. Conversely, improvement in lifestyle of consumers due to rise in disposable income especially in developing countries and rapid penetration of online retail platform are expected to offer remunerative opportunities for the expansion of the canopy bed market during the forecast period. However, increase in cost of raw materials of canopy bed is hampering the growth of the canopy bed market during the forecast period. Furthermore, increase in number of commercial spaces market has propelled the growth of the canopy bed market.
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Moreover, increase in consumer spending on home improvement & home decor across the world acts as the key driver of the market. Global surge in sales of new and existing residential houses has majorly driven the growth of the canopy bed market. The continuous growth of online stores is likely to drive the growth of the canopy bed market in terms of value sales during the forecast period.
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Moreover, canopy beds are easily available in the market through various distribution channels, including online stores and specialty stores. Functionally, the canopy offers warmth, comfort, and privacy, and can block light & sight. The global canopy bed market size was valued at $6.2 billion in 2020, and is projected to reach $8.4 billion by 2030, registering a CAGR of 3.2%.Ī canopy bed is a type of bed that is hung with bed curtains above it resembling a roof. 11, 2021 /PRNewswire/ - The "Canopy bed Market by Product Type, End Use, Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021-2030" report has been added to 's offering.