Home Bedding Market Size, Share & Trends Analysis Report By Type (Bed Linen, Mattress, Pillows, Blankets), By Distribution Channel (Online, Offline), By Region (North America, Asia Pacific), And Segment Forecasts, 2023 - 2030

Home Bedding Market Size, Share & Trends Analysis Report By Type (Bed Linen, Mattress, Pillows, Blankets), By Distribution Channel (Online, Offline), By Region (North America, Asia Pacific), And Segment Forecasts, 2023 - 2030

Home Bedding Market Growth & Trends

The global home bedding market size is expected to reach USD 172.35 billion by 2030, registering a CAGR of 7.6% over the forecast period, according to a new report by Grand View Research, Inc. The growth of the market can be attributed to the thriving housing sector and rising consumer expenditure on home furnishings. Furthermore, consumer preferences and lifestyle changes are fueling the industry expansion as people are becoming increasingly aware of the significance of comfortable bedding and are willing to invest in high-quality products. The bedding industry is continuously evolving, with innovative technologies and advancements being introduced to enhance the comfort, durability, and functionality of bedding products.

Consumers are also becoming more aware of the importance of quality sleep for their overall health and well-being. Hence, they are looking for bedding products that offer optimal comfort and support. In addition, the growing concerns about environmental sustainability are driving market growth, with consumers demanding eco-friendly and sustainable bedding options, such as organic cotton or bamboo bedding. Increased residential expansion across areas, indicating increased house construction and building permits, is expected to revamp market demand. According to the Federal Statistical Office (Destatis), the construction of a total of 32,500 dwellings was permitted in Germany in November 2020.

Compared with the corresponding period of 2019, this is an increase of 8.9% or 2,700 dwellings. However, the industry also faces significant instances of uncertainties projected by the International Sleep Products Association in 2018. For instance, the U.S. mattress industry has been affected by international trade. While imports of finished mattresses have continued to surge, their long-term significance is complicated by both higher tariffs on finished mattresses and many components, and a pending antidumping investigation on mattresses from China. The increasing trend of working from home has led to a rise in demand for luxury and high-quality bedding products among consumers.

The market growth is also driven by innovative new products, such as high-tech adjustable bases, and an increased interest in ancillary products, such as luxury pillows. These trends suggest that consumers are becoming more discerning about their bedding needs and are willing to invest in products that offer greater comfort and support, especially as they spend more time at home. Higher traction towards designed bedrooms is linked to period dramas and active series on the OTT platforms wherein a large chunk of consumers is engaged as a cause of higher time spent indoors. This trend has influenced consumers to adopt layering as adding a mixture of different textures and tones into a bedroom by using cushions, bedsheets, and throws is a simple way to build a luxurious feel. This scenario is likely to offer growth opportunities for the market.

Home Bedding Market Report Highlights

• The bed linens segment held the largest revenue share in 2022 due to the increasing consumer preference for quality over brands. This has encouraged manufacturers to offer new and improved quality products with attractive designs
• With the increasing preference for superior quality products, companies are focusing on introducing plant-based bed linen that claims to be softer than cotton and provides breathability and moisture control
• Asia Pacific is expected to register the fastest CAGR from 2023 to 2030due to the increased purchasing power of consumers, the rising housing construction sector, and high consumer awareness regarding quality as well as sustainable bedding products
• The offline distribution channel segment dominated the market in 2022. This distribution channel is preferred by consumers as it allows them to physically examine the products, which is particularly important for items like bedding, where comfort and quality are key factors

Please note The report will be delivered in 3-8 business days upon order notification.