Market Overview
As per the assessment by Market Research Future (MRFR), the global home bedding market is anticipated to procure a market value of USD 63.12 billion while rising at a CAGR of 5.35% by 2025.
Market Dynamics
During the forecast period, the growing demand for premium bedding products is expected to have a significant impact on the global market. In the near future, rising spending on bedding items is expected to boost the demand. The rising popularity of e-commerce is expected to further boost demand for bedding, propelling the industry forward in the coming years. Furthermore, the rising prevalence of back problems among the growing population is expected to boost demand for a product that can significantly grow the market in the assessment timeframe.
Increased innovation in fabrics such as Egyptian cotton and silk is expected to provide a major opportunity in the assessment period, driving the global demand. Furthermore, the rising frequency of product substitution is expected to boost bedding demand, benefiting the industry. During the forecast era, the high cost of logistics is expected to stymie the home bedding market. The high presence of unorganized players in developing and developed countries is expected to pose a significant challenge to market growth during the forecast period.
The COVID-19 epidemic has changed the home bedding industry dramatically. Lockdown imposed around the world disrupted the supply chain, resulting in lower mattress prices and a negative impact on the industry. When normalcy is restored, the home linens and bedding market is expected to pick up.
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Segmental Analysis
The global market for home bedding is divided into two distribution-channel segments: store-based and non-store-based. Between the two segments, the store-based segment is expected to outperform the market over the forecast period. The non-store based category, on the other hand, is expected to grow at a faster rate than the other. Specialty stores and supermarkets & hypermarkets have been added to the retail segment.
Pillows, mattresses, blankets, bed linen, and other products make up the product-based segments of the global home bedding industry. During the forecast period, the mattress segment is expected to dominate the market. The pillow segment, on the other hand, is expected to grow at the fastest rate of 5.75 percent, reaching a market size of USD 16,013.2 million by 2025.
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Regional Analysis
Because of rising information about proper bedding, North America is expected to dominate the global market during the forecast period. Because of the rising demand for high-end bedding, the regional market is expected to expand. Furthermore, during the forecast era, the market is expected to benefit from an increasing trend toward modern interior homes. Furthermore, the involvement of prominent players in the area is likely to contribute significantly to the development of the regional market.
During the analysis era, the APAC market is expected to have the highest CAGR of 5.92 percent. Due to rapid urbanization and rising consumer spending strength, the regional market is expected to grow significantly. During the assessment period, the increasing trend toward modern interiors is expected to have a significant impact. Increasing public concern about back problems is expected to have a major impact on the regional market in the near future. Furthermore, the increasing penetration of new players in developing countries is expected to boost bedding demand, benefiting the regional market over the forecast period.
Because of the rising demand for premium beddings, Europe is expected to see substantial market growth during the forecast period. Furthermore, the regional market is expected to be greatly influenced by the availability of potential customers and increasing consumer spending.
Because of the existence of underdeveloped and economically insecure countries, the Middle East and Africa region is expected to show a steady rise during the assessment period. Due to the involvement of Middle Eastern countries, the regional market is expected to develop. Various untapped market opportunities are expected in the area, which could lead to increased regional market growth during the assessment period.
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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 players are expected to broaden the customer base, thereby rising market rivalry.
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