South Korea Smart Bed Market to Reach Around USD 187.78 Million by 2032, Driven by the Increasing Technological Integration and Demand for Technologically Advanced Products

Smart beds are gaining popularity across South Korea as they help individuals improve their sleep quality. The South Korea smart bed market is witnessing growth with the entry of new players, in addition to the traditional furniture and mattress companies. Companies with the presence of high technology and companies engaged in several other product offerings such as medicine and automobiles are entering the market. A notable company in the smart bed market is Ford, the globally renowned automobile company.

Companies are engaged in providing smart beds that automatically adjust the position and temperature of the mattress to help the individual sleep properly by understanding sleeping patterns.

Smart beds are being integrated with other smart home devices including speakers, lights, and thermostats. This is further allowing for consistent and personalised sleep experience. Additionally, hospitals are adopting smart beds as it can monitor heart rate, breathing, and other vital signs during sleep. The data collected by the smart beds can hence be used to analyse the potential health problems, allowing for the better management of the patient’s health and wellbeing.

The presence of several online channels such as Amazon.com Inc (NASDAQ: AMZN) that also provides home appliances is contributing to the market growth. Online channels provide ease of use and convenience in addition to discounts and cashback offers, encouraging customers to purchase through online platforms.

In January 2022, Coway Co., Ltd launched its new environmental home appliance innovations at the Consumer Electronics Show (CES) 2022. Through the smart sleep solution category, the company unveiled Smart Care Air Mattress that detects the user's body pressure and sleeping position, by which the mattress adjusts itself to one of nine firmness levels through the Air Cells.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Market Analysis by Type, Application, and Distribution Channels:

• The market on the basis of type can be divided into manual, semi-automatic, and automatic.

• Based on application, the market can be divided into hospitality, healthcare, and residential, among others.

• The distribution channels for smart beds include supermarket/hypermarket, specialty stores, and online stores, among others.

Key Findings of the Report:

• The South Korean market is being driven by the rising number of market players, including prominent companies providing technologically advanced products and services.

• The expansion of distribution channels including online retail is expected to provide greater opportunities to the market.

• The increasing disposable incomes and rising living standards are contributing to the greater uptake of smart beds.

• The growing number of smart homes across South Korea  and the growing inclination towards technologically advanced products supports the regional market growth.

Key Offerings of the Report:

• The EMR report gives an overview of the South Korea smart bed market for the periods (2018-2023) and (2024-2032).

• The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the type, application, and distribution channels of smart bed.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the South Korea smart bed market are Vista Medical LTD., Hill-Rom Holdings, Inc., 3H Co.,Ltd, and Stryker Corporation, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

Key Highlights of the Report

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

Contact Us:

Expert Market Research
Website: www.expertmarketresearch.com
Email: sales@expertmarketresearch.com
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.