PUBLISHER: SkyQuest | PRODUCT CODE: 1461516
PUBLISHER: SkyQuest | PRODUCT CODE: 1461516
Global Bedroom Linen Market size was valued at USD 28.09 billion in 2022 and is poised to grow from USD 30.22 billion in 2023 to USD 54.31 billion by 2031, growing at a CAGR of 7.6% during the forecast period (2024-2031).
The recent expansion of the housing or hospitality industries is contributing to the company's significant growth. In addition, customers' increasing propensity to spend money on home furnishings is another element driving the industry's rise. A Hotel Tech Report article states that as of October 2021, 665 net hotels with a total of 85,306 rooms had opened in the United States. Hotels are always in need of bedsheets since they add character to rooms and are an investment. The hotel sector's continued growth, especially in emerging countries, will continue to fuel the demand for bed linens. A Top Hotel survey states that in the second half of 2021, 454 hotels with 103,832 rooms opened their doors in the Asia Pacific Region. China leads the Asia Pacific region in terms of hotel growth, with India and Australia following closely behind. These spaces will therefore use the most bed linens. Due to their interest in redoing their homes, people are spending more money on furniture like bedroom linens. According to a Comscore survey, nearly 74 million Americans completed a home remediation project during the epidemic. Furthermore, regional preferences vary with regard to bed linens. Anki Spets, the proprietor of the bedding company Home, advises everyone to have at least two sets of sheets, and more if they reside in a humid area. Many businesses have started to offer green and nontoxic products since consumers' purchase decisions are still primarily influenced by sustainability.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Bedroom Linen Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Bedroom Linen Market Segmental Analysis
Global Bedroom Linen Market is segmented based on product, application, distribution channel and region. Based on product the market is segmented into sheets & mattress covers, blankets/quilts/comforters, pillowcases & covers and others (curtains, bed pads). Based on application the market is segmented into residential and commercial. Based on the distribution channel the market is segmented into offline and online. Based on region the global bedroom linen market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Drivers of the Global Bedroom Linen Market
The expansion of the hospitality sector, which includes hotels, resorts, and serviced apartments, is driving up demand for bedroom linens. The number of hotels and resorts is rising along with the tourism industry, which is driving up demand for bed linens.
Restraints in the Global Bedroom Linen Market
The market for bedding linens is quite competitive, with many suppliers and manufacturers selling comparable goods. Smaller competitors may find it difficult to compete as a result of price wars and narrowed profit margins caused by this competition.
Market Trends of the Global Bedroom Linen Market
The market for bedding linens is being impacted by the drive toward sustainability and environmental friendliness. Growing consumer concern over the things they buy's effects on the environment is fueling the market for bedding composed of sustainable and organic materials including organic cotton, bamboo, and linen.