South Korean Home Bedding Market Size was valued at USD 75684.9 Million in 2021. The South Korean Home Bedding market industry is projected to grow from USD 79469.145 Million in 2022 to USD 111821.06 Million by 2030, exhibiting a compound annual growth rate (CAGR) of 5% during the forecast period (2022-2030).
The South Korean Home Bedding market is characterized by a blend of modern innovation and traditional aesthetics. Consumers appreciate high-quality materials like soft cotton and breathable fabrics for a comfortable sleep experience. Advanced technologies such as anti-bacterial treatments and moisture-wicking properties are increasingly sought after. E-commerce platforms offer convenient access to a wide range of products, while South Korea's trend-driven culture fuels demand for stylish designs and functional features in home bedding.
Market Segmentation:
According to the latest market analysis report, the South Korean Home Bedding market has been segmented into three sections distribution channel, result type, and regional analysis. With the distributional channel, the market has been divided into store-based and non-store-based. With the result type, the global market is divided into five sections: pads, beddings, covers, bed cloths, and others. According to the regional basis, the market is further classified into five sections: Asia-Pacific, Europe, South America, North America, and Middle East & Africa.
Key Companies in the South Korean Home Bedding market include
- Kings down Inc. (U.S.)
- Serta Simmons Bedding LLC (U.S.)
- Sleep Number Corporation (the U.S.
- Crane and Canopy (U.S.)
- Boll and Branch LLC (U.S.)
- Portico Inc. (India)
- Acton and Acton (U.K.)
- Hollander Sleep Products (U.S.)
- West Point Home LLC (U.S.)
- Casper Sleep (U.S.)
The increasing consumer expenditure on home furnishing and the development of the real estate sector is among the leading factors influencing the demand for South Korean Home Bedding across the globe. Moreover, several manufacturers are developing South Korean Home Bedding using lightweight, chemical-free, and anti-microbial materials like cotton and silk to induce deep slumber. They are also launching innovative festive cushions, duvets, and pillow sets through e-commerce channels. This, in confluence with the easy availability of customized mattresses and bed linens at affordable rates, is propelling the South Korean Home Bedding market growth. Furthermore, due to increasing environmental concerns, there is a rise in the demand for home beddings made of organic vegetable dyes. Additionally, the increasing number of nuclear households, the growing trend of minimalist bedrooms, and the rising adoption of adjustable beds are other factors fostering market growth in the coming years.
Regional Analysis:
Asia-Pacific represents the fastest-growing South Korean Home Bedding market worldwide. The key factors driving growth in the region include stable economic growth of developing Asian economies, rising number of nuclear households, expanding retail networks and easy access to a range of products, growing base of the affluent middle-class population, and increased demand for designer and luxury bed and bath linen lower labor costs in countries, such as China and India, have over the years led to the increase in global exports from Asia-Pacific. China especially leads global bed linen exports of late, and countries such as Pakistan, Vietnam, and Bangladesh, have emerged as export competitors to China and India.
Bed linen covers home textiles products, such as bed covering, bed throws, blankets, cushion covers, cushions, duvets, duvet covers, mattresses, mattress cover, pillows, etc. It is the largest segment in the home textiles market. This segment is the fastest growing with a significant growth rate. Growth in the hospitality industry and increased spending in emerging economies are some of the major factors responsible for growth in the segment in recent times, and the trend is expected to continue in the near future.
Industrial News:
In terms of South Korean Home Bedding market share, few major players currently dominate the market. However, demand is driven by consumer income. Large companies compete through volume purchasing, breadth of products, and effective merchandising and marketing. Small companies focus on a market segment and compete through the depth of products and superior customer service.
December 2021-Riley Home, a US-based sheet material organization, dispatched another four-layer assortment produced using brushed cotton and affirmed Standard 100 from Oeko-Tex for manageability.
December 2021-Delilah Home, a US-based sheet material player, dispatched its first hemp bedding assortment. A family-run manufacturing plant in Portugal finishes the assembling. The hemp strands are transformed into sheets with a non-harmful interaction to relax them to a material line surface.
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