The global home bedding market size is expected to reach USD 86.11 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to register a CAGR of 5.1% during the forecast period. With the increasing availability of premium products with numerous functional benefits, the market is gaining an increasing traction among consumers. Growing spending on products that provide relaxed and rejuvenated sleeping experience is projected to further drive the market.
Bedding manufacturers focus on the functional benefits of bedsheets made from plant-based materials such as organic cotton, bamboo, and tencel, to offer bedding products with better breathability and moisture absorption as compared to conventional cotton. Companies also offer woolen comforters and duvets instead of down as they have greater temperature regulation, moisture control, and reduce risk of dust mites.
Increasing cases of back problems caused by uncomfortable sleeping surfaces is the key factor driving growth of the innerspring mattress segment. In emerging economies like India, Brazil, and China, the increasing number of affluent consumers is boosting demand for premium mattress with innerspring technology. Latex foam is either produced using the Talalay process or the Dunlop process. Dunlop is firmer and denser foam while Talalay is softer and lighter as it has more air pockets between its particles. All new companies such as Kurl-On and Sleepwell manufacture latex foam mattresses in various sizes such as king, queen, and twin among others.
Bed linen accounted for the highest market share of about 33% in 2018, is primarily due to the increasing consumer preference for quality over brands. This has encouraged the manufacturers to offer new and improved quality products with appealing designs. Due to increasing preference for superior quality products, companies are focusing on introducing plant based bed linen that claim to be softer than cotton and provide breathability and moisture control. For instance, Sheets & Giggles, an eco-friendly brand launched in 2018 introduced lyocell bed sheets made from eucalyptus trees that use up to 95% less water than ordinary cotton linen.
Offline distribution channel was estimated to have a revenue share of about 74% in 2018. The physical display of products and ability to check the product in person, drives the popularity of offline distribution. For instance, consumers in U.S. so far have been preferring offline purchases with 65% preferring mass merchants, followed by 40% from retails, and 29% from departments and 28% from specialty stores.
Asia Pacific was estimated to have the largest market share of more than 35% in 2018 owing to factors such as expanding retail networks, growing affluent middle class population, and growing preference for superior quality and luxurious bedding products to compliment the interiors, and growing household ownerships, especially among the millennials.
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https://www.grandviewresearch.com/industry-analysis/home-bedding-market
Further key findings from the report suggest:
- Asia Pacific is estimated to register the fastest CAGR of 5.5% during the frorecast period and account for a share of more than 35% by 2025. This growth is driven majorly by the high demand and rise in product launches in India and China
- Bed linen type segment is expected to register the fastest CAGR of 5.5% over the forecast period, thereby accounting for a share of about 35% by 2025
- Offline distribution accounted for the largest market share of about 74% in 2018 due to the presence of wide network of physical stores
- Some of the key players operating in the global home bedding market include Acton & Acton Ltd.; American Textile Company; Beaumont & Brown Ltd.; Boll & Branch LLC; WestPoint; Pacific Coast Feather Company; Hollander; Sferra; Frette; D’décor; Bombay Dyeing; Portico Inc.; Crane & Canopy and others
For More Information: www.grandviewresearch.com
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