Global Home Bedding Market to reach USD 130 billion by 2027.Global Home Bedding Market is valued approximately at USD 80.3 Billion in 2020 and is anticipated to grow with a healthy growth rate of more than 9.35% over the forecast period 2021-2027. The global Home Bedding market is being driven by boom in the housing sector as people demand for home bedding to maintain hygiene, luxury and comfort. As per US Census Bureau home ownership rates in the US have risen from 63.7% since 2016 to 64.5% in April 2019. Also, in April 2019, 673 thousand houses in the US were sold witnessing an increase of 12.4% over its value from 2018. As per Federal Association of German Prefabricated Construction, in 2019, Germany witnessed a total of 101,569 new single and two-family houses. Another important driving factor is the expanding hospitality industry adjacent to tourist places, beaches, national parks, sanctuaries, natural places, and other public spots. According to the IBEF (India Brand Equity Foundation) government of India in 2020-2021 allocated USD 29.70 million for the development of tourists. According to Statista, global hospitality market reached USD 3486.77 billion in 2020 and is projected to reach USD 4132.5 billion by the end of 2021. Furthermore, adoption of smart mattresses in healthcare sector and rising innovation in mattress will provide new opportunities for the global Home Bedding industry. For instance, according to Statista, global smart mattress market is projected to increase from USD 1.04 billion to USD 2.1 billion by 2025. However, high cost of logistics due to long lead times, delays, and unpredictability in the supply chain may impede market growth over the forecast period of 2021-2027.
The regional analysis for the global Home Bedding Market is based on the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia-Pacific is the leading region across the world in terms of market share and is also anticipated to exhibit the highest CAGR over the forecast period 2021-2027 due to expanding retail networks, an increase in the affluent middle-class population, rising consumer preference for superior quality, luxurious bedding products to complement the interiors and rising household ownerships in the region.
Major market player included in this report are:
Acton & Acton Ltd.
American Textile Company
Beaumont & Brown Ltd
Boll & Branch LLC
WestPoint
Pacific Coast Feather Company
Hollander
Portico Inc.
Crane & Canopy
Bombay Dyeing
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Mattress
Bed Linen
Pillows
Blankets
Others
By Distribution Channel:
Online
Offline
By Application:
Personal Use
Hotel Industry
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.
Target Audience of the Global Home Bedding Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors