Luxury Bedding Market- Maximum Business growth with custom research

Luxury Bedding Market takes a grand view of its growth avenues in the light of increasing expenditure on home furnishings and expanding housing & hospitality sector 

Overview

Luxury bedding can elevate the aesthetics of any bedroom, whether it’s a home or a resort. It is available in a wide variety of styles, patterns, and colors. When choosing luxury bedding, it is important to consider the design and function of each piece. While luxury comforters are an essential part of any bed, they can sometimes detract from the style or luxury desired. High-quality materials such as pure silk, sateen, and Egyptian cotton are very common in luxury bedding. Sheets, pillowcases, and duvet covers are also usually made from the same materials. Luxury linens also vary greatly in quality. Luxury sheets are prepared with softer and finer quality fabrics. These linens tend to be more durable and less susceptible to wrinkles than traditional cotton linens.

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Competitive Landscape

Major companies contributing to the global luxury bedding market include ANICHINI, Sampedro, CRANE & CANOPY, Frette, Sferra, Hollander, Pacific Coast, WestPoint, Remigio Pratesi, Fabtex, 1888 Mills, KAUFFMANN, Yvesdelorme, DEA, John Cotton, and Luolai.

Drivers

Rising adoption of luxurious lifestyles among the baby boomer as well as millennial population as a result of higher disposable incomes is expected to boost growth of the luxury bedding market during the forecast period.

Furthermore, expanding residential housing sector coupled with the increasing expenditure on home furnishings such as luxury beds & mattresses, sofas, curtains, and others is expected to aid growth of the luxury bedding market over the forecast period.

Growing consumer inclination towards the quality sleeping beds amidst rising prevalence of insomnia and other sleeping disorders is expected to propel growth of the luxury bedding market during the forecast period.

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)

The Epitome of the COVID-19 Aftermath

The genesis of the COVID-19 virus has given the players of the global luxury bedding market some reasons to pause. Lockdowns imposed in the wake of the pandemic have negatively influenced the real estate, hospitality industry, and the housing sector which, in turn, has impacted the sales of luxury furniture. On the contrary, the market players are capitalizing on the relaxations in restrictions by offering discounted pricing on luxury items.

Key Takeaways

• The luxury bedding market is anticipated to grow at a CAGR of XX % throughout the forecast period owing to the expanding residential housing sector and increased purchasing power of consumers. For instance, in November 2020, according to the India Brand Equity Foundation (IBEF), the luxury furniture in India stood at US$ 8 billion or 0.5% of the country’s GDP.
• On the geographical front, the luxury bedding market in the European region is projected to augment at a scalable rate in the view of increased occurrences of sleep disorder and rising awareness of quality sleeping environment.
• In the same tune, the Asia Pacific region is also showing positive prospects for the luxury bedding market in the light of the rising number of hospitality services combined with the growing residential and commercial housing.

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