New York, US, Nov. 25, 2022 (GLOBE NEWSWIRE) -- Home Bedding Market overview:
According to a Comprehensive Research Report by Market Research Future (MRFR), "Home Bedding Market Information By Product Type, Distribution Channel, and Region - Forecast till 2027", the market is anticipated to procure a market value of USD 63,126.0 Million while expanding at a CAGR of 5.35% by 2027.
Market Scope:
Beddings are the decorative and functional fabrics used to cover a bed in a domestic setting. Covers, clothing, bedding pads, pads, floor coverings, sheets, duvets, blankets, and blankets are typical examples of such items. They improve rest, alleviate pressure points, support the neck and back, and contour to the user's shape. As people's disposable incomes rise and more options become available to meet their needs, there has been a significant increase in the demand for home beddings.
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Report Scope:
| Report Attribute | Details |
| Market Size in 2027 | USD 63,126.0 Million |
| CAGR | 5.35% |
| Base Year | 2019 |
| Forecast Period | 2020-2027 |
| Historical Data | 2018 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Product Type, By Distribution Channel and by region |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Market Drivers | Growth of the real estate industry |
| Consumer preference for branded home bedding |
Competitive Dynamics:
Because of the unprecedented demand for high-quality sheets, fierce competition is expected to emerge in the home bedding sector. Competition in the market is expected to increase as a result of growing customer bases as a result of mergers, acquisitions, and other forms of central member consolidation. Key Players of the market are:
- 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.)
Market USP:
Market Drivers
The home bedding market is growing, which means more money is being spent on furnishings by consumers. One of the major factors influencing the demand for domestic bedding materials is the expansion of land area. To further promote restful slumber, several manufacturers are making bed linens out of cotton and silk that are naturally hypoallergenic, chemical-free, and resistant to the growth of microorganisms.
The company also distributes uniquely designed sleeping pads, duvets, and cushion sets via the Internet. This, together with the ease with which consumers may acquire specialized mattresses and bedding at affordable prices, is driving the expansion of the home bedding business. Natural vegetable dyes created for use in home textiles are becoming increasingly popular as concerns about the environment grow.
In addition, many factors will soon be nourishing the market development, such as the rising acceptance of customisable beds, the trend toward smaller hotel rooms, and the increasing size of nuclear families.
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Market Restraints
During the predicted time period, the home bedding market is anticipated to face obstacles from the high cost of coordinations. There are a lot of unorganized companies in both the developing and developed worlds, and this might be a major challenge that slows down the home bedding market over the forecast period.
COVID-19 Analysis:
There has been a significant shift in the home bedding material sector as a result of the COVID-19 incident. The worldwide lockout was a nuisance to the production network, which led to fewer sales of sleeping cushions, which in turn impacted the market negatively. When stability in the home textiles industry is achieved, it is expected to grow. Although internet purchases were up immediately after the shutdown was declared. People were having trouble sleeping because of the disruptions in their usual routines. This increase reflected people's desire to take care of themselves during a time when widespread sleep disruption was likely due to worry over the COVID-19 pandemic. The result was a rise in household spending on things like bedding and other forms of comfort, which helped the industry expand.
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Market Segmentation:
By product Type
During the speculative period, the pillow subsector is projected to generate the most revenue. However, pads are expected to grow at the fastest rate, reaching a market value of USD 16,013.2 million by 2025.
By Distribution Channel
Store-based sales channels are expected to grow at a faster clip than online sales channels do over the forecast time frame. However, the segment outside of brick-and-mortar stores is expected to experience a higher CAGR. The retail sector has also been subdivided into specialty shops, discount warehouses, and supermarkets.
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Regional Analysis:
Rising awareness regarding the right sheet material in North America is expected to make the region the world's dominant player in the market during the forecast period. Growing demand for premium sheets is also expected to boost the provincial market. Additionally, it is expected that the market will be bolstered during the forecast period by the rising trend toward contemporary inside households. The presence of major firms in the area also suggests a serious investment in developing the provincial market.
During the study period, the APAC market is predicted to grow at the fastest rate. Rapid urbanization and rising energy consumption are also factors that are expected to have a profound effect on provincial markets. It is expected that the growing trend toward modern interiors would make a significant contribution during the assessment period. The growing awareness of the back problem is predicted to generate a sizable investment in the near time to shift the territorial market. In addition, new entrants in developing countries are expected to increase demand for sheets, which will benefit the regional market during the gauge residency.
As demand for premium sheets rises, Europe's market is predicted to expand rapidly during the forecast horizon. It's likely that the regional market will be primarily driven by the proximity of projected consumers and the increasing risk-taking of potential customers.
Due to their youth and financial instability, countries in the Middle East and Africa region are not likely to show steady growth throughout the evaluation tenure. Middle Eastern countries' investment is expected to strengthen the local market. During the assessment period, it is anticipated that local market growth will increase thanks to the presence of numerous untapped market opportunities in the area.
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