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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Browse 150 market data tables* and 90 figures* on "Luxury Bedding Market” - Global forecast to 2030.
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:
- Among product type, mattress pads and protectors segment showed significant growth in the global luxury bedding market in 2022 This is owing to the benefits offered by mattresses across the globe. As luxury mattress provide comfort, support, and durability. Mattress pads 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 channel segment is significantly gaining traction and is expected to exhibit high growth over the forecast period. This is attributed to the 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. The global online retail segment is expected to reach US$ 9,572.96 billion by 2025. In addition to this the consumer preference to shop online to save time and cost. Luxury bedding companies offer direct-to-consumer services such as free delivery and discounts.
Key Takeaways of the Market:
- North America is expected to witness significant growth in the global luxury bedding market over the forecast period, owing to the increasing number of key players focusing on expanding their business presence in this region due to the high consumer base. For instance, in September 2022, Purple Innovation, Inc.("Purple"), the world's leader in Gel Grid technology mattresses, announced the acquisition of Intellibed, a leading sleep health and wellness company. The acquisition will naturally extend Purple's premium mattress range into the luxury category and harness the true power of Gel Grid technology under one brand.
- 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, and DownTown Company.
