The global Luxury Bedding Market was valued at US$ 2.3 billion in 2022 and is expected to reach US$ 3.0 billion by 2030, witnessing a CAGR of 3.38% over the forecast period (2023 - 2030), 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 the bedroom and bed frame. Key players offer a wide range of luxury products, which drives growth in the market. For instance, Downtown Company, specializes in bringing together the highest quality materials with the best textile craftsmen in the world, creating the ultimate in luxury bedding and premium home accessories 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 the growth of the global luxury bedding market growth. However, the high production cost is one of the major restraining the growth of the market.
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Global Luxury Bedding Market- Impact of Coronavirus (Covid-19) Pandemic
COVID-19 has affceted on the global economy, public health systems, and industries from tourism to summer camps. Now, doctors say they’re seeing an influx of patients with disrupted sleep patterns linked to financial anxiety, fears of the virus, or a lack of daily routine. Due to this luxury bedding market has positive impact in covid-19 crisis. For Instance, NapCity, which makes pods mostly used in airports for travelers to take a quick nap on the move, has started offering these pods as safe private areas for sleep without coming in contact with anyone in these times of COVID-19. The company’s president Stephen Rosenfeld said the pods are being sold as “private space as a service”, and the company is pitching with hotels, offices, and wellness centers for the product. Rosenfeld said that firms will soon be looking for ways to use spaces like Napcabs, which takes up a mere 50 sqft area.
Key Trends and Analysis of the Global Luxury Beddings Market:
Key Takeaways of the Market:
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