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Home Bedding Market 2024 - By Industry Demand, Leading Players, Regional Overview And Forecast To 2033
Home Bedding Market
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According to The Business Research Company's, The home bedding market size has grown strongly in recent years. It will grow from $85.66 billion in 2023 to $93.47 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to changing consumer lifestyles, economic growth and consumer spending, rise of e-commerce platforms, home decor trends, hospitality and tourism influence.
The home bedding market size is expected to see strong growth in the next few years. It will grow to $135.09 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed to sustainable and eco-friendly practices, health and wellness trends, smart bedding solutions, customization and personalization, global pandemic impact. Major trends in the forecast period include eco-friendly and sustainable materials, smart bedding and sleep technology integration, wellness and health-focused bedding, luxury and premium bedding collections, innovations in sleep technology.
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Market Drivers and Trends:
The increase in consumer expenditure on home furnishing is significantly driving the growth of the home bedding market. Since home furnishing enhances the décor, comfort, hygiene and warmth of the house, consumers are increasing their spending on home furnishings to provide a more sophisticated and hygienic appearance of their houses. As per Mastercard's SpendingPulse report published in February 2021, the home furniture and furnishings categories have seen the most recent growth compared to other sectors. The home furniture and furnishings category had the most gain, with total spending up by 16.2%. Additionally, the home furnishings category grew 31% online, and the home improvement segment was also up by 14.1%. Therefore, the increasing consumer expenditure on home furnishing is expected to propel the growth of the home bedding market going forward.
Developing customizable mattresses and bed linens is a key trend gaining popularity in the home bedding market. Major companies operating in the home bedding sector are focused on developing customizable mattresses and bed linens to strengthen their position. For instance, in October 2021, Brooklyn Bedding, a US-based manufacturer of mattresses, introduced Brooklyn Custom, the industry's most customizable mattress, built to fit individual sleep needs. The Brooklyn Custom mattress is offered in three sizes: queen, king, and Cal king, and is made to order. Firmness, comfort, and top fabric are among the options available to buyers.
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Major Key Players of the Market:
Ashley Sleep, Birch Lane LLC, Frette North America Inc., Serta Simmons Bedding LLC, WestPoint Home LLC, Celine Linen Inc., Casper Sleep Inc., The Bombay Dyeing & Mfg. Co. Ltd., Pacific Coast Feather Company, American Textile Company, D'Décor Home Fabrics Pvt. Ltd., Downlite LLC, Boll & Branch LLC, Davie Home Products Inc., Hollander Sleep Products LLC, Burrow Inc., Big Agnes Inc., Avocado Green Brands LLC, Amerisleep LLC, Peacock Alley Inc., DreamCloud Holdings LLC, Beautyrest, Cuddledown Inc., SFERRA Fine Linens LLC, Beaumont & Brown Limited, Sampedro Group, Portico New York Inc., Bellino Fine Linens Inc., Allswell Home LLC, Bedsure Designs Inc., Benjamin Franklin Mattress Company, Crane & Canopy Inc., Buffy Inc.
Home Bedding Market 2024 Key Insights:
• The home bedding market size is expected to see strong growth in the next few years. It will grow to $135.09 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%.
• Elevated Consumer Spending On Home Furnishing Fuels Growth In The Home Bedding Market
• Pioneering Customizable Mattresses And Bed Linens In The Home Bedding Market
• Asia-Pacific was the largest region in the home bedding market in 2023
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