Seattle, Sept. 10, 2018 (GLOBE NEWSWIRE) -- The global luxury bedding market was valued at US$ 2.02 Billion in 2017, and is projected to exhibit a CAGR of 2.6% over the forecast period (2018 – 2025). Factors such as increasing demand for luxury bedding, which is due to various advantages such as comfort, hygiene, hypo-allergenic, anti-bacterial, and dust mite resistant are driving growth of the market.
Key Trends and Analysis in the Luxury Bedding Market:
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 bedroom and bed frame. Key players offer a wide range of luxury products, which drives growth in the market. For instance, DownTown Company 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 which is expected to drive growth of the luxury bedding market.
However, high production cost of luxury bedding is the one of the major restraining growth of the market.
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/luxury-bedding-market-2139
Key Market Takeaways:
- The luxury bedding market is expected to exhibit a CAGR of 2.6% during the forecast period (2018 – 2025). This is attributed to various benefits of luxury bedding such as aiding in deep sleep, which is expected to be major factor for increasing demand among consumers, which in turn drives growth of the global luxury beddings market.
- Asia Pacific is expected to account for significant market share in the global luxury bedding market, in terms of revenue over the forecast period. Launches of new brands by key players and increasing number of start-ups of luxury bedding in the region is expected to drive growth in the market. Key players and startups are employing similar strategies as traditional luxury brands to expand their business. For instance, in June 2018, Airland Group, a Hong Kong-based bedding company, launched ‘Therapedic’ as its new luxury brand throughout China at Shenzhen International Furniture Exhibition.
- 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, DownTown Company, and others.