The Home Bedding Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Home Bedding Global Market Report 2024, The home bedding market size has grown strongly in recent years. It will grow from $85.66 billion in 2023 to $93.47 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to changing consumer lifestyles, economic growth and consumer spending, rise of e-commerce platforms, home decor trends, hospitality and tourism influence.
The home bedding market size is expected to see strong growth in the next few years. It will grow to $135.09 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed to sustainable and eco-friendly practices, health and wellness trends, smart bedding solutions, customization and personalization, global pandemic impact. Major trends in the forecast period include eco-friendly and sustainable materials, smart bedding and sleep technology integration, wellness and health-focused bedding, luxury and premium bedding collections, innovations in sleep technology.
The increase in consumer expenditure on home furnishing is significantly driving the growth of the home bedding market. Since home furnishing enhances the décor, comfort, hygiene and warmth of the house, consumers are increasing their spending on home furnishings to provide a more sophisticated and hygienic appearance of their houses. As per Mastercard’s SpendingPulse report published in February 2021, the home furniture and furnishings categories have seen the most recent growth compared to other sectors. The home furniture and furnishings category had the most gain, with total spending up by 16.2%. Additionally, the home furnishings category grew 31% online, and the home improvement segment was also up by 14.1%. Therefore, the increasing consumer expenditure on home furnishing is expected to propel the growth of the home bedding market going forward.
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The home bedding market covered in this report is segmented –
1) By Type: Mattress, Bed Linen, Pillows, Blankets, Other Types
2) By Distribution: Offline, Online
3) By Application: Personal, Hotel, Other Applications
Major companies operating in the home bedding market are focused on introducing next-generation solutions, such as smart beds. Smart beds are types of beds that use advanced sensing capabilities and digital experiences to optimize sleep based on individualized data and the latest in sleep science. For instance, in October 2022, Sleep Number, a US-based manufacturer of Comfortaire beds, launched the Climate360 Smart Bed. The Climate360 Smart Bed is the bed that actively cools, warms, and responds to each sleeper’s needs. It is equipped with advanced sensing capabilities to deliver highly accurate data nightly, providing a more holistic picture of sleep and health. It detects potential health conditions, such as sleep apnea or cardiac events, and uses physical and digital experiences to optimize sleep based on individualized data. The Climate360 Smart Bed gently warms the feet on either side, which is proven to aid in falling asleep faster, and then the temperature is adjustable.
The home bedding market report table of contents includes:
1. Executive Summary
2.Home Bedding Market Characteristics
3.Home Bedding Market Trends And Strategies
4. Home Bedding market analysis
5.Home Bedding Market Size And Growth
6.Home Bedding Segmentation
7. Home BeddingRegional And Country Analysis
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27.Home Bedding Competitive Landscape And Company Profiles
28.Home Bedding Key Mergers And Acquisitions
29.Home Bedding Future Outlook and Potential Analysis
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