U.S.: Bed-Convertible Seat Market 2024

Bed-Convertible Seat Market Size in the U.S.

For the eighth consecutive year, the U.S. bed-convertible seat market recorded growth in sales value, which increased by 1.2% to $X in 2021. Overall, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +8.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +105.7% against 2013 indices. Over the period under review, the market reached the maximum level in 2021 and is likely to see gradual growth in the immediate term.

Bed-Convertible Seat Production in the U.S.

In value terms, bed-convertible seat production fell modestly to $X in 2021. Overall, production enjoyed resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of 43%. Bed-convertible seat production peaked at $X in 2020, and then dropped in the following year.

Bed-Convertible Seat Exports

Exports from the U.S.

In 2021, overseas shipments of seats convertible into beds were finally on the rise to reach X units after six years of decline. In general, exports, however, saw a abrupt downturn. The growth pace was the most rapid in 2013 with an increase of 46%. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, bed-convertible seat exports soared to $X in 2021. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by 52%. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X units) was the main destination for bed-convertible seat exports from the United States, with a 81% share of total exports. Moreover, bed-convertible seat exports to Canada exceeded the volume sent to the second major destination, Mexico (X units), tenfold. The United Arab Emirates (X units) ranked third in terms of total exports with a 1.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada amounted to -9.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-1.7% per year) and the United Arab Emirates (-2.3% per year).

In value terms, Canada ($X) remains the key foreign market for seats convertible into beds exports from the United States, comprising 81% of total exports. The second position in the ranking was taken by Mexico ($X), with a 10% share of total exports. It was followed by the United Arab Emirates, with a 1.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+12.3% per year) and the United Arab Emirates (+1.9% per year).

Export Prices by Country

In 2021, the average bed-convertible seat export price amounted to $X per unit, with a decrease of -7.1% against the previous year. In general, the export price, however, showed resilient growth. The pace of growth was the most pronounced in 2015 when the average export price increased by 46%. The export price peaked at $X per unit in 2020, and then fell in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Mexico ($X per unit), while the average price for exports to the Dominican Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.

Bed-Convertible Seat Imports

Imports into the U.S.

In 2021, the amount of seats convertible into beds imported into the United States was estimated at X units, increasing by 13% compared with the previous year's figure. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +23.7% against 2016 indices. The most prominent rate of growth was recorded in 2015 with an increase of 39% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, bed-convertible seat imports surged to $X in 2021. In general, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Vietnam (X units) and Thailand (X units) were the main suppliers of bed-convertible seat imports to the United States, together comprising 88% of total imports.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +74.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest bed-convertible seat suppliers to the United States were China ($X), Vietnam ($X) and Thailand ($X), with a combined 78% share of total imports.

Among the main suppliers, Thailand, with a CAGR of +68.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average bed-convertible seat import price stood at $X per unit in 2021, surging by 12% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by 29% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Mexico ($X per unit), while the price for Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+6.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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