The growing disposable income and the rising purchasing power parity among a large chunk of the global populace have led to an increase in urbanization levels. Many individuals spend heavily on comfort furniture. With the rising percentage of individuals preferring comfort items, the home bedding market is estimated to gain a large growth share across the assessment period of 2020-2030.
The home bedding segment includes bed linens, mattresses, blankets, pillows, and others. The distribution is through online and offline channels. The e-commerce sector is expected to drive the sales of the home bedding market on the back of the COVID-19 pandemic.
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Rising Numbers of Sleep-Deprived Individuals to Help in Increasing the Growth Rate
The rising importance of sleep among many people around the world has resulted in an increase in the growth prospects of the home bedding market. Hectic work schedules and unhealthy eating habits are leading to sleep deprivation disorders among numerous individuals.
As per the Centers for Disease Control and Prevention (CDC) survey, in 1942, the average sleep time of a U.S. adult was 7.9 hours per night and has fallen to 6.8 hours in 2013. Furthermore, the CDC also states that nearly 35 percent of American adults don’t get enough sleep of 7 hours every day. These statistics point out the rising sleep deprivation rates. This aspect will help the home bedding market to a great extent.
Demand for Premium Bedding Products to Add Extra Stars of Growth
The increasing demand for premium bedding products will serve as a good growth contributor for the home bedding market. Manufacturers in the home bedding market are focusing on developing premium bedding products that offer more comfort to the end-users through research and development activities. Thus, all these aspects bring profitable growth prospects for the home bedding market.
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