Market Overview:
In addition, the global home bedding market is expected to rise at a CAGR of 5.35%, with a value of USD 63,126.0 Million over the estimated forecasting year of 2020-2027.
Home beddings market Insights are washable materials laid above the bed for comfort, aesthetics, warmth, and hygiene purposes. These materials generally include blankets, linens, mattresses, pillows, cushions, rugs, sheets, duvets, quilts, and comforters. They improve sleep, provide comfort and support to the neck and back, relieve pressure points, and conform to the body. Presently, there is a significant rise in the demand for home beddings on account of inflating disposable incomes and the easy product availability in different colors, prints, and sizes to cater to the needs of individuals.
The increasing consumer expenditure on home furnishing and the development of the real estate sector is among the leading factors influencing the demand for home bedding across the globe. Moreover, several manufacturers are developing 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 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.
Market Segmentation:
According to the latest market analysis report, the 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.
Regional Analysis:
Asia-Pacific represents the fastest-growing home bedding market Outlook 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.
Competitive Analysis
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 Products (US) are some of the notable players (US). Due to the growing demand for high-end bedding, the home bedding market is expected to be fiercely competitive. Increased acquisitions, mergers, and alliances among key home bedding market players are expected to broaden the customer base, thereby rising market rivalry.
Industrial News:
In terms of 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.
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