During the forecast period, the home bedding market is expected to maintain a consistent Compound Annual Growth Rate (CAGR) of 7.5%. Revenue projections indicate the market reaching US$ 102.91 billion in 2023 and surpassing US$ 212.10 billion by 2033. This steady growth trajectory underscores the market’s resilience and potential for substantial expansion over the coming decade.
High demand for the top quality fabric, enhancing boundary of textile engineering and fast urbanization altogether propelling need to home bedding. Additionally, the online store offering discounts and reviews is also acting positively on the market.
The other new technological based product launches along with the complete systems of bedding covers consisting, comforters and 7 pieces sets of sheets are gaining popularity in markets. In addition to this, higher per capita incomes are forcing people to purchase things aimed at the decoration of their home.
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The restoration of commercial and industrial factories is increasing the production of all sorts of fabric and their different product grades. Thus, the prices of home bedding are coming back to normalcy, increasing its demand across the regions.
The anti-silk movement along with people becoming aware of sustainable and nature-friendly textiles are pushing vendors to come up with all types of solutions. Companies now focus on producing soft, reliable, sustainable bedding products with anti-allergy properties.
The integration of bedding products with highly aesthetic printing and enhanced designs are transforming the end user’s behavior and spending pattern. High penetration of e-commerce platforms with discounted rates is fueling the demand for home bedding solutions
Key Points:
- The United States market leads the home bedding market in terms of market share in North America. The growth in the region is attributed to the expanding households, urbanization, and changing lifestyles of the end user.
- The United Kingdom home bedding market is another significant market from the Europe region. The market in the United Kingdom is owed by the high exports, increased per capita income, and restoration of industries.
- China home bedding market is anticipated to thrive at a healthy CAGR during the forecast period. Asia Pacific region leads the market in terms of market share as it held a market share of 37.20% in 2022. China market expands on the traditional, local textile market that is followed by India’s manmade textile clothes market
- By product type, the bed linen segment held the notable share of 30.15% in 2022. This is due to the affordable pricing, enhanced texture, and long range of applications.
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Competitive Landscape:
The key vendors work on producing aesthetically pleasing, affordable, and combos of home bedding products. Key competitors also merge, acquire, and partner with other companies to increase their supply chain, and distribution channel.
The leading players in the market are
- Acton & Acton Ltd.
- American Textile Company
- Tempur Sealy International, Inc.
- Bombay Dyeing
- Casper Sleep Inc.
- Beaumont & Brown
- Pacific Coast Feather Company
- Crane & Canopy Inc.
- Peacock Alley
- Purple Innovation, Inc.
- The White Company
- Portico New York
Recent Market Developments:
Tempur Sealy International has launched its all-new TEMPUR-BREEZE mattress and TEMPUR-ERGO Smart base collection. The mattress comes with snore response technology and immense relaxation features.
Sleep Number has upgraded its 360 smart bed range which involves the ability to analyze the sleep disorders such as sleep apnea, insomnia.
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Key Segmentation:
Type Outlook (Revenue, US$ million):
- Bed Linen
- Mattress
- Pillows
- Blankets
- Others
Distribution Channel Outlook (Revenue, US$ million):
- Offline
- Online
Key Regions Covered:
- North America
- The United States
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Europe
- Germany
Author
Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.
Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.
About Future Market Insights (FMI)
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