The Asia Pacific Home Bedding Market would witness market growth of 12.4% CAGR during the forecast period (2021-2027). The prevalence of premium bedding products coupled with their functional advantages is supporting the high performance of this sector, which further opens new growth avenues for the home bedding products in the market. For example, some fitted bed sheets have an elasticated hem, which assists in keeping the bedsheets intact on the mattress even after various tosses & turns during sleeping time. In addition, the direct connection between good quality sleep and a healthy body & mind is persuading people to spend more on premium bedding products.
Moreover, the adoption of work-from-home culture due to the nationwide lockdowns across the globe has shifted people’s focus on investing in better and premium home bedding products. A huge portion of population is working from their beds and investing more time at home that has subsequently elevated their sleep arrangements. Along with the mattresses, there are also some other related products like adjustable bases & accessories like back-supporting pillows that have got huge popularity in 2020.
The growing consumer preference for adjustable beds is propelling the market that has further grown during the lockdown period due to Covid-19. In addition to it, adjustable beds act as a support that go well with the work-from-home culture. This inclination has increased the penetration of personalized mattresses and bed linens, thus fuelling the growth of the market. The growth of the home bedding market would witness bright growth prospects due to the high residential growth around different regions signifying the increasing housing construction and also housing permits.
The Offline market dominated the 563.708,037,368,389 in 2020, thereby, achieving a market value of $4,373.8 million by 2027, growing at a CAGR of 12.6 % during the forecast period. The Online market is expected to witness a CAGR of 13.6% during (2021 - 2027).
Based on Type, the market is segmented into Bed Linen, Mattress, Pillows, Blankets, and Other Types. Based on Distribution Channel, the market is segmented into Offline and Online. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Home Bedding Market is Projected to reach USD 142.8 Billion by 2027, at a CAGR of 11.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include The Bombay Dyeing & Manufacturing Company Ltd. (Wadia Group), Casper Sleep, Inc., Beaumont & Brown Ltd., Boll & Branch LLC, Crane & Canopy, Inc., American Textile Company, Acton & Acton Limited, West Point Home LLC (Icahn Enterprises L.P.), Kingsdown, Inc., and Portico, Inc.
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