In a remarkable display of growth and innovation, the global sofa bed market has experienced a significant surge, with projections indicating a bright future ahead. The market, valued at $1.23 billion in 2022, is expected to reach $1.68 billion by 2030, showcasing a Compound Annual Growth Rate (CAGR) of 4.3% from 2024 to 2030. This expansion is largely attributed to the increasing demand for space-saving solutions in urban living spaces.
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2025-02-28