Industry Overview - The invisible bed is an innovative furniture designed to optimize space through folding or hidden mechanisms, catering to the needs of small apartment dwellers for efficient space utilization [1][11] - The Chinese invisible bed industry is experiencing rapid growth, driven by urbanization and rising living costs, leading to an increase in small apartment and long-term rental markets [1][11] - Production and sales of invisible beds in China have shown consistent annual growth, with production expected to rise from 502,000 units in 2017 to 3,133,000 units in 2024, reflecting a compound annual growth rate (CAGR) of 29.9% [1][11] - The market size of the invisible bed industry is projected to grow from 521 million yuan in 2017 to 5.594 billion yuan in 2024, with a CAGR of 40.38% [1][11] Industry Development History - The invisible bed originated in Europe and the US in 1916 and was introduced to China in the 2010s, primarily serving small space optimization [6] - The industry began to standardize product design after 2015, with mechanical structures becoming more refined and integrated into various living spaces [6] - By 2018, the application of invisible beds expanded to home studios and hotel renovations, providing integrated solutions for work and rest [6] Industry Supply Chain - The upstream of the invisible bed supply chain includes raw materials such as steel, aluminum, wood, and hardware components [6] - The midstream involves the manufacturing of invisible beds, while the downstream encompasses sales channels including furniture stores, specialty shops, and e-commerce platforms [6] Market Trends - The invisible bed industry is moving towards smart technology integration, with new products incorporating IoT and smart home systems for enhanced user experience [15] - Customization is becoming a significant trend, with consumers seeking personalized solutions that cater to various design styles and functional needs [16] - The application scenarios for invisible beds are diversifying, extending from residential use to long-term rentals and hotels, as well as office spaces [17] Key Companies - Major players in the invisible bed industry include Mousse, Qu Mei, Oppein, and Sofia, among others, with a mix of large enterprises and smaller companies competing in the market [12] - Mousse Health Sleep Co., Ltd. focuses on high-end health sleep products and reported a slight decline in revenue for its bed frame products in 2024 [12][13] - Qu Mei Home Group Co., Ltd. specializes in mid-to-high-end furniture and experienced a revenue drop in 2024 due to decreased demand in the furniture industry [14]