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The global home bedding market is anticipated to expand by USD 172.36 billion by 2030 and also register a CAGR of 7.9%. The expansion in the housing industry as well as increased consumer spending on home furnishing are major factors driving the industry’s growth. Besides, the type of bedding like flat sheets, pillow covers, fitted sheets, mattress covers, quilts, comforters, and bed skirts are likely to boost the industry during the forecast period.
The COVID-19 pandemic resulted in massive changes regarding the growth of the industry. For instance, the lockdown restrictions imposed by governments globally resulted in a surge in online sales of bedding products. There grew a need for self-care solutions since consumers suffered from a high level of anxiety which resulted in sleeping issues. Additionally, remote work facilities created an urge among consumers to spend more on bedding products. During the pandemic, major remote workers spent maximum time at home and worked from their home, which significantly upgraded their sleeping setup. Thus, an increase in the expenditure on bedding and comfort is expected to boost the industry in the forecast period.
Mattress products like pillows for back support, and adjustable bases have achieved traction which is likely to expand the industry’s growth during the forecast period. For instance, in October 2020, the bedding industry experienced an extensive increase in sales by 30%. Besides, the functional benefits of premium bedding products cater to the improved performance of the industry, thus projected to increase the demand for products. The association between a healthy mind and good sleep has successfully escalated the demand for bedding accessories. According to a report by the American Sleep Apnea Association, 50-70 million people in America are severely impacted by sleeping disorders and there has been a rise in sleep deprivation in the population over the past 30 years.
In terms of segment, the bed linen segment dominated the market due to the need for quality-oriented and sustainable bed sheets. Besides, factors such as softness, cooling capability, health benefits, and durability initiate consumers to focus on the purchase of bed linen products. For instance, bed linen made up of polyfiber provides the benefit of softness and cooling owing to the presence of thin fibers. Polyfiber is also a major contributor to the durability that comprises anti-piling properties, thus making it healthy and devoid of pesticides and allergens. All these factors cater to the rising demand for bed linen products, which is likely to positively impact the market growth during the forecast period.
In terms of region, Asia Pacific dominated the market owing to the expansion of the home textile market in Japan, China, and India which constitutes the availability of bedding products both in the commercial as well as residential sectors. Besides, North America is also anticipated to dominate the market and expand during the forecast period. The major factor driving the growth includes consumers’ awareness and requirement for suitable bedding materials that cater to overcoming sleeping disorders.
Key players are constantly on the verge to expand their products by incorporating the latest and innovative home bedding materials that tend to expand their consumer base. For instance, Tempur Sealy International, Inc. inaugurated a new mattress portfolio in February 2021, with a purpose to enable technological provisions that drives increased support and durability with the inclusion of memory foams, and ultra-responsive coils. Therefore, such contributions initiated by companies are likely to increase the demand for bedding products and boost the industry during the forecast period.
Research Support Specialist, USA