The global luxury bedding market was valued at US$ 2 billion in 2016, and is expected to reach US$ 2.44 billion by 2025, witnessing a CAGR of 2.6% over the forecast period (2018 - 2025), according to Luxury Bedding Market Report, by Product Type (Comforters, Pillows, Coverlet, Duvet, Quilt, Mattress Pad and Protector, and Others (Bed Skirt, Furs, etc.)), by Application (Residential and Commercial), by Distribution Channel (Supermarkets, Hypermarkets, Specialty Stores, and Online Channels), and by Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa).
Luxury bedding sets include duvets, comforters with covers, pillow shams, pillows, cushions, covers, and cotton sheets. 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. For instance, DownTown Company offers comforters and pillows that provide comfort, quality, and luxury. Major players offer affordable luxury bed linens, alternative comforters and pillows, mattress pads, coverlets, blankets, and natural products, which is expected to drive growth of the luxury bedding market growth. However, high production cost is the one of the major restraining the growth of the market.
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Key Trends and Analysis of the Luxury Beddings Market:
- Among product type, mattress pads and protectors segment showed significant growth in the global luxury bedding market in 2017. This is owing to benefits offered by mattress across the globe. As luxury mattress provide comfort, support and durability. Mattress pad are available in luxury cotton filled, wool filled, and silk filled. Silk has natural cooling properties and absorbs moisture well and provides comfortable sleep.
- Among distribution channel, online stores segment is significantly gaining traction, and is expected to exhibit high growth over the forecast period. This is attributed to increasing number of online stores, which offers a wide range of products through a single website and various attractive offers such as free delivery and discounts. According to , the global online retail segment was valued at US$ 2,171.22 billion in 2016, and is expected to reach US$ 9,572.96 billion by 2025.In addition to this the consumer preferences towards shop online to save time and cost. The luxury bedding companies offer direct to consumer service such as free delivery and discounts.
Key Takeaways of the Market:
- North America is expected to witness significant growth in global luxury bedding market over the forecast period, owing to increasing number of key players focusing on expanding their business presence in this region due to high consumer base. Reverie has done partnership with Celebrity Cruises which are Luxury bedding manufacturer. This collaboration aims to deliver better luxury bedding to its consumers. For instance, in 2011, Celebrity’s eXhale bedding launched by reverie. eXhale bedding is made using natural raw materials such as bamboo and sustainable natural rubber. Furthermore, in 2013, The Company has Re launched Celebrity Constellation a customizable mattresses that are mostly recyclable, hypo-allergenic, dust mite-resistant and antibacterial in the market.
- Some of the key players operating in the global luxury bedding market include Eastern Accents, DownTown Company, Frette Inc., WestPoint Home LLC, Hollander Sleep Products LLC, Crane & Canopy Inc., Sampedro LDA, Anichini Inc., Sleepy's, LLC, Peacock Alley Inc., Fabtex, Inc., Luolai Lifestyle Technology Co., Ltd, John Cotton Group Ltd, Anderson Avenue, Eastern Accents, DownTown Company, and others.