Home Bedding Global Market Report 2024

The home bedding market size has grown strongly in recent years. It will grow from $85.66 billion in 2023 to $93.47 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth observed in the historical period can be ascribed to shifts in consumer lifestyles, economic expansion, increased consumer expenditure, the emergence of e-commerce platforms, trends in home decor, and the impact of hospitality and tourism.

The home bedding market size is expected to see strong growth in the next few years. It will grow to $135.09 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%. The expansion anticipated in the forecast period is linked to sustainable and eco-friendly practices, health and wellness trends, smart bedding solutions, customization, personalization, and the global impact of the pandemic. Key trends expected in the forecast period encompass the use of eco-friendly and sustainable materials, the integration of smart bedding and sleep technology, bedding designs focused on wellness and health, as well as the introduction of luxury and premium bedding collections along with innovations in sleep technology.

The substantial increase in consumer spending on home furnishing is a significant driver for the home bedding market's growth. Consumers are allocating more resources to home furnishings to enhance the decor, comfort, hygiene, and warmth of their homes. According to Mastercard's SpendingPulse report in February 2021, the home furniture and furnishings categories experienced notable growth, with total spending up by 16.2%. Online growth in the home furnishings category reached 31%, and the home improvement segment saw a 14.1% increase. Therefore, the rising consumer expenditure on home furnishing is expected to propel the home bedding market's growth.

The increasing demand in the hospitality industry is poised to drive the growth of the home bedding market. The hospitality industry focuses on providing services such as food, lodging, and assistance. Home bedding is crucial in the hospitality sector for ensuring the overall comfort of guests with soft, clean, and well-maintained bedding. According to the National Restaurant Association, there were $997 billion in industry sales and 15.5 million in industry employment in 2023. Thus, the expanding hospitality industry is a driving force behind the growth of the home bedding market.

The home bedding market is witnessing a surge in the popularity of developing customizable mattresses and bed linens. Major companies in this sector are concentrating on creating personalized bedding to strengthen their market position. In October 2021, Brooklyn Bedding, a US-based mattress manufacturer, introduced Brooklyn Custom, the industry's most customizable mattress. Available in queen, king, and Cal king sizes, the mattress is made to order, offering options for firmness, comfort, and top fabric to cater to individual sleep needs.

Major companies are concentrating on introducing next-generation solutions, including smart beds. Smart beds utilize advanced sensing capabilities and digital experiences to optimize sleep based on individualized data and the latest in sleep science. For instance, in October 2022, Sleep Number, a US-based Comfortaire beds manufacturer, launched the Climate360 Smart Bed. This bed actively cools, warms, and responds to each sleeper's needs, employing advanced sensing capabilities to provide accurate sleep and health data. It can detect potential health conditions such as sleep apnea or cardiac events and uses physical and digital experiences to tailor sleep optimization, including adjustable foot warming for faster sleep onset.

In October 2021, Cerberus, a global alternative investing leader based in the USA, acquired Brooklyn Bedding and Helix Sleep for an undisclosed amount, combining them to create a premier direct-to-consumer mattress platform. This acquisition brings together their skills and services, offering customers a more engaging mattress-buying experience. Helix Sleep is an innovative direct-to-consumer brand platform operating a portfolio of sleep and home goods brands in the United States, while Brooklyn Bedding is an American mattress manufacturer known for exclusive craftsmanship.

Major companies operating in the home bedding market report are Ashley Sleep, Birch Lane LLC, Frette North America Inc., Serta Simmons Bedding LLC, WestPoint Home LLC, Celine Linen Inc., Casper Sleep Inc., The Bombay Dyeing & Mfg. Co. Ltd., Pacific Coast Feather Company, American Textile Company, D'Décor Home Fabrics Pvt. Ltd., DOWNLITE LLC, Boll & Branch LLC, Davie Home Products Inc., Hollander Sleep Products LLC, Burrow Inc., Big Agnes Inc., Avocado Green Brands LLC, Amerisleep LLC, Peacock Alley Inc., DreamCloud Holdings LLC, Beautyrest, Cuddledown Inc., SFERRA Fine Linens LLC, Beaumont & Brown Limited, Sampedro Group, Portico New York Inc., Bellino Fine Linens Inc., Allswell Home LLC, Bedsure Designs Inc., Benjamin Franklin Mattress Company, Crane & Canopy Inc., Buffy Inc.

Asia-Pacific was the largest region in the home bedding market in 2023. Asia-Pacific is also expected to be the fastest-growing region in the forecast period. The regions covered in the home bedding market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the home bedding market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The main types of home bedding are mattress, bed linen, pillows, blankets, and others. The mattress is a big cushion for supporting the reclining body, used as or on a bed, and comprised of a quilted or similarly secured case, usually of thick cloth, stuffed with cotton, foam rubber, and other materials. The various applications of home bedding are personal, hotel, and others. Home bedding products are mainly distributed through online and offline channels.

The home bedding market research report is one of a series of new reports that provides home bedding market statistics, including home bedding industry global market size, regional shares, competitors with a home bedding market share, detailed home bedding market segments, market trends and opportunities, and any further data you may need to thrive in the home bedding industry. This home bedding market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The home bedding market consists of sales of rugs, sheets, duvets, quilts, and comforters, including fitted sheets, flat sheets, pillowcases, comforters, shams, quilts, and bed skirts. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.