Home Bedding Market Trends, Business Opportunities, Strategies, and Applications by 2030
Home Bedding Market Overview:
In
addition, the global home bedding market is expected to rise at a CAGR of 5%,
with a value of USD 111821.06 Million over the estimated forecasting year of
2022-2030. Home beddings 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.
Regional Analysis:
Asia-Pacific
represents the fastest-growing 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 home bedding market share, few major key home
bedding market 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.
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.
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