ID: MRFR/CR/7318-CR | February 2020 | Region: Global | 100 pages
As per the assessment by Market Research Future (MRFR), the global market for home bedding is anticipated to procure a market value of USD 63,126.0 million while expanding at a CAGR of 5.35% by 2025.
The COVID-19 outbreak has brought a significant change in the home bedding industry. The imposition of lockdown across the world disrupted the supply chain, which led to reduced sales of mattresses, thereby negatively affecting the market. The home linens and bedding market is expected to gain momentum when normalcy is achieved.
Increasing Demand for Premium Bedding Products to Boost the Market Growth During the Forecast Timeframe
The accelerating demand for premium bedding products is predicted to play a notable role in steering the global market during the forecast time period. The increasing expenditure on bedding products is projected to augment the market in the coming time. The growing popularity of e-commerce is expected to assist in enhancing the demand for bedding that is expected to propel the market in the coming period. In addition, the increasing incidences of back problems among the expanding populace is predicted to fuel the need for the product that can develop the market significantly in the assessment timeframe.
Growing Innovation in Bedding to Offer Significant Opportunities in Market Expansion During the Review Period
The increasing innovation in fabrics such as Egyptian cotton and silk is anticipated to offer a significant opportunity that is predicted to drive the global market in the assessment timeframe. In addition, the surging frequency of product replacement is likely to fuel the demand for beddings, thereby benefitting the market.
High Cost of Logistics to Hamper the Market Growth During the Forecast Timeframe
The home bedding market is anticipated to face hindrance from the high cost of logistics during the forecast period.
Presence of Unorganized Players to Pose a Significant Challenge in the Coming Period
The high presence of unorganized players in the developing and developed nations is anticipated to pose a significant challenge that can hamper the market growth in the review period.
Cumulative Market Growth Analysis
MRFR asserts that the market for home bedding is expected to display decent growth during the forecast timeframe. The growing demand for premium beds and the rising incidences of back pain are likely to grow the need for home bedding that can develop the market.
The segmental analysis of the Global Market for Home Bedding is done by Distribution Channel and Product Type.
By Distribution Channel
The distribution-channel based segments of the global market for home bedding market are store-based and non-store-based. Between the two segments, the store-based segment is predicted to lead the market during the forecast timeframe. On the other hand, the non-store based segment is projected to experience a higher CAGR than the other segment. The store segment has been further divided into specialty stores and supermarkets & hypermarkets.
By Product Type
The product-based segments of the global market for home bedding market are pillows, mattresses, blankets, bed linen, and others. Among all, the mattress segment is anticipated to dominate the market during the forecast period. On the other hand, the pillow segment is predicted to experience the highest CAGR of 5.75% while garnering the market value of USD 16,013.2 million by 2025.
The regional segmentation of the global market for home bedding is done by North America, Europe, Asia-Pacific, and the Middle East & Africa.
North America to Dominate the Market During the Forecast Period
North America is expected to dominate the global market during the forecast period owing to the increasing awareness about the appropriate bedding. The regional market is also likely to grow due to the growing demand for premium beddings. Besides, the growing inclination towards modern interior households is expected to strengthen the market during the forecast period. In addition, the presence of eminent players in the region is likely to make a notable contribution to developing the regional market.
APAC to Record the Highest CAGR during the Review Period
The market in the APAC is anticipated to record the highest CAGR of 5.92% during the review period. The regional market is expected to witness significant development due to the rapid urbanization and the increasing expenditure power. The growing inclination towards modern interiors is predicted to make a notable contribution in the assessment period. The growing awareness about the back problem is anticipated to make a significant contribution that can propel the regional market in the coming time. In addition, the rising penetration of new players in evolving countries is predicted to fuel the demand for beddings, thereby benefitting the regional market during the forecast tenure.
Europe to Witness Significant Market Growth During the Forecast Period
Europe is anticipated to witness significant market growth during the forecast period owing to the increasing demand for premium beddings. Besides, the availability of potential consumers and rising investment by potential consumers are likely to drive the regional market significantly.
The Middle East & Africa to Showcase Steady Growth During the Forecast Timeframe
The Middle East & Africa region is anticipated to showcase a steady rise during the assessment tenure due to the presence of underdeveloped and economically unstable nations. The regional market is projected to strengthen owing to the participation of Middle East countries. The region is expected to have various untapped market opportunities that can lead to a rise in regional market growth during the assessment period.
The market for home bedding is predicted to witness intense competition due to the surging requirement for premium beddings. The increasing acquisitions, mergers, and partnerships among key players are likely to enhance the consumer base, thereby growing the competition in the industry.
Home Bedding Market, By Distribution Channel
Home Bedding Market, By Product Type