Market Overview
As per the assessment by Market Research Future (MRFR), the global market for home bedding is anticipated to procure a market value of USD 63,126.0 Million while expanding at a CAGR of 5.35% by 2027.
Market Dynamics
The growing demand for luxury bedding items is expected to exert a significant influence on the global market throughout the forecast period. Increased spending on bedding products is expected to boost the industry in the near future. The growing popularity of e-commerce is likely to contribute to an increase in demand for bedding, propelling the market forward in the next period. Additionally, the rising prevalence of back disorders among the growing population is expected to fuel the demand for a product capable of significantly growing the market during the assessment timeframe.
Increased innovation in fabrics such as Egyptian cotton and silk is expected to create a sizable potential that will drive the global market throughout the assessment period. Additionally, the increasing frequency with which products are replaced is projected to increase demand for beddings, benefiting the market.
Throughout the forecast period, the home bedding market is expected to be constrained by the high cost of logistics. The large concentration of unorganised companies in emerging and developed economies is expected to provide a significant hurdle, impeding market expansion over the study period.
Segmental Analysis
The Global Market for Home Bedding is segmented based on Distribution Channel and Product Type.
The global market for home bedding is segmented by distribution channel into store-based and non-store-based categories. Between the two segments, it is anticipated that the store-based sector will lead the market over the projection period.
The global market for home bedding is segmented by product into pillows, mattresses, blankets, and bed linen, among others. The mattress sector, in particular, is expected to dominate the market over the projection period.
Regional Analysis
North America is predicted to continue dominating the global home health industry throughout the forecast period, owing to growing awareness about the need of proper bedding. The regional market is also expected to expand as demand for premium bedding increases. Additionally, the growing preference for modern interior design is likely to strengthen the market throughout the projection period. Additionally, the existence of famous companies in the region is projected to contribute significantly to the regional market's development
The APAC market is expected to grow at the fastest rate of 5.92 percent during the research period. The regional market is predicted to grow significantly in the next years as a result of increased urbanization and rising purchasing power. The increased preference for modern interiors is expected to have a significant impact during the assessment period. Growing awareness of back problems is expected to play a vital role in propelling the regional market forward in the future years. Additionally, the increasing penetration of new players in developing nations is expected to boost bedding demand, benefiting the regional market throughout the projection period.
Europe's market is expected to expand significantly over the forecast period, owing to rising demand for premium bedding. Additionally, the availability of potential consumers and their increasing investment are projected to considerably drive the regional market.
Due to the existence of underdeveloped and economically unstable nations, the Middle East Africa area is expected to exhibit a consistent increase over the evaluation period. The regional market is expected to grow stronger as a result of Middle Eastern countries' participation. The region is predicted to feature a plethora of unexplored market potential, which could result in a regional market growth acceleration over the assessment period.
Key Players
The notable players of the market are Kingsdown, Inc. (US), Serta Simmons Bedding, LLC (US), Sleep Number Corporation (US), Crane and Canopy (US), Boll Branch LLC (US), Portico, Inc. (India), Acton Acton (UK), Hollander Sleep Products (US), Westpoint Home LLC (US), and Casper Sleep (US).
NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
Contact us:
Market Research Future (part of Wantstats Research and Media Private Limited), 99 Hudson Street,5Th Floor, New York, New York 10013, United States of America
Email: sales@marketresearchfuture.com
