Published Date: 23-Sep-2020
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According to a new report Global Heated Mattress Pads Market, published by KBV research, The Global Heated Mattress Pads Market size is expected to reach $482 Million by 2026, rising at a market growth of 6.1% CAGR during the forecast period.
Household applications segment ruled the market in terms of revenue generation, in 2019. This high share is due to the expanding accessibility of premium heated bedding items with various advantages. Moreover, the demand for bedding in residential end-use has been developing fundamentally, which, thus, is probably going to fuel segment development. The hotel application segment is anticipated to grow at a significant CAGR in the heated mattress pads market from 2020 to 2026. Development in the travel and tourism industry is probably going to fuel the demand for heated bedding in hotels, accordingly propelling the utilization of heated mattress pads.
The offline distribution channel dominated the market in 2019. The offline distribution channel is picking up popularity as it encourages the purchasers to have a direct look at the items, which helps in the simple assessment of the quality, settings, and details. The online distribution channel segment is anticipated to grow at a prominent CAGR from 2020 to 2026. Major online channels incorporate organization portals and e-commerce websites.
North America ruled the market with major revenue generation in 2019. This is owing to the major instances of low temperatures observed in the region, which request that individuals heat their surroundings, especially room and beds for comfort and advantageous sleeping. Asia Pacific region is growing at the highest CAGR from 2020 to 2026. Strong development in infrastructural advancement across the developing economies of India and China is paving the way for expanded investments in different areas, especially hospitality including hotels and hospitals.
Structural Insights: https://www.kbvresearch.com/heated-mattress-pads-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Newell Brands, Inc. (Sunbeam Products, Inc.), Sleep Number Corporation, Bed Bath & Beyond, Inc., Electro Warmth Products, LLC, Delutti, Inc., Perfect Fit Industries, LLC (Cross River, LLC), Therapedic International, Tuck.com, LLC, Kryo, Inc. and Biddeford Blankets LLC (Microlife Corporation).
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