Press release
The Luxury Bedding Market to Reach USD 5.6 Billion During the Forecast Period Analysis By Key Players: Frette, WestPoint Home, Hollander Sleep & Décor, Crane & Canopy, Sampedro LDA Etc.
The Global Luxury Bedding Market is expected to record significant growth of USD 3.2 billion in 2021 and is anticipated to reach USD 5.6 billion by 2030, recording a CAGR of 2.6% during the forecast period according to Extrapolate Pvt. Ltd. The market for luxury bedding includes a variety of items like comforters, duvet covers, linen, pillowcases, sheets, and blankets made of premium and environmentally friendly materials like cashmere, cotton, silk, organic cotton, and wool.
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Luxury bedding is utilized for comfort, aesthetic appeal, and ornamental purposes. Natural fabrics that are chemical-free and antibacterial, like silk and cotton, are used to make luxury bedding. The beautiful hues of colored luxury bedding are created using organic vegetable dyes. In Europe, where the use of chemical compounds is banned, the majority of the premium bedding is made.
KEY PLAYERS PROFILED:
• Frette
• WestPoint Home
• Hollander Sleep & Décor
• Crane & Canopy
• Sampedro LDA
• ANICHINI
• DOWNLITE
• Serena & Lily Inc.
• Mattress Firm, Inc.
• Peacock Alley
• FABTEX
• BEDLAM
• Parachute Home
• The White Company
• John Cotton Group Ltd
• Eastern Accents
• DownTown Company
• Others
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Consumer Interest Towards Sustainable Linens Propel Bed Linen Segment
In the projected term, the bed linen segment is anticipated to hold a sizable market share. The rapid movement in customer preferences toward high-quality, environmentally friendly bedding products that also last longer and provide better comfort is a key factor in the segment's expansion. The benefits of luxury bedding, including its comfort and ability to promote deep sleep, are anticipated to significantly boost consumer demand and propel the segment's expansion.
In 2021, the commercial segment held a prominent share of the global market for luxury bedding. This was due to rising real estate prices as well as rising demand in various applications. Many hotels, lodges, and guest houses employ a variety of luxurious bedding and linens with a matte feel. They are strong, portable, and simple to clean. Additionally, dining establishments buy decorative pillows with pricey satin borders.
Segmentation by Type:
• Comforters
• Pillows
• Coverlet
• Duvet
• Quilt
• Mattress Pad and Protector
• Others
Segmentation by Application
• Residential
• Commercial
Premium Product Consumption Continues To Incur Growth
Premium and luxury range of beddings provide greater comfort levels, and the bedcovers & sheets are super soft and beddings are of deluxe fabrics. The unique pieces of bedding are available in vibrant colors, bold & solid patterns, rich textures, sophisticated prints, and extensively embroidered, which is driving consumer sentiments.
All these materials are more comfortable, breathable, and provide ultra-soft beddings. The thread count is also high for luxury bedding, generally exceeding 300 thread count, with rich, lustrous weave. This is leading to extensive purchase of luxury bedding.
A large number of hotels, lodges, and guest houses use a variety of luxury beddings and sheets having a matte finish, and which are durable, lightweight, and can be washed easily. Additionally, dine-in restaurants buy pillows with elegant sateen borders and use decorative pillows.
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Key Developments
In February 2021 - The mattress lineup of Tempur Sealy International, Inc. was expanded and totally redesigned. The modern mattresses feature state-of-the-art components that improve support and sturdiness, like memory foams and ultra-responsive coils, as well as design features like cool-to-the-touch, breathable covers that keep users cool as they sleep.
North America Showcases Growth Owing to High Demand for Decorative Bedding
Due to the high demand for decorating large living spaces, the wide availability of organic raw materials, the rising demand for opulent bedding materials like linen, and the increased use of opulent beddings like blankets and quilts during winter in the United States, Canada, Mexico, etc., it is predicted that the market in North America and Europe will expand rapidly.
In terms of revenue throughout the forecast period, Asia Pacific is predicted to hold a sizeable market share in the global market for luxury bedding. The introduction of new brands by major players and the rising number of luxury bedding start-ups in the region are anticipated to fuel market expansion. Similar tactics to those used by traditional luxury firms are being used by important players and startups to grow their businesses.
Organic Growth Strategies by Market Leaders Propels Growth
Manufacturers provide luxury bedding varieties depending on the size of bedroom and bed frame. Key players offer a wide range of luxury products, which drives growth in the market. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations.
Key players included in the report are Frette, WestPoint Home, Hollander Sleep & Décor, Crane & Canopy, Sampedro LDA, ANICHINI, DOWNLITE, Serena & Lily Inc., Mattress Firm, Inc., Peacock Alley, FABTEX, BEDLAM, Parachute Home, The White Company, John Cotton Group Ltd, Eastern Accents, DownTown Company, and others
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Extrapolate
Phone: (+1) 888 328 2189
E-mail: talk@extrapolate.com
Website: https://www.extrapolate.com
About Extrapolate:
Extrapolate is a global market research and content services firm that works closely with clients in various industries to improve market position, increase returns on marketing investments, and define and implement strategies that get real results.
In an era of breakneck change and a low tolerance for missed or misread opportunities, businesses need astute guidance to shape markets - not merely respond to them. Extrapolate helps clients develop market perspectives that drive commercial success.
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