The global luxury bedding market was valued at USD 2.2 billion in 2022 and is projected to reach USD 2.95 billion by 2031, expanding at a CAGR of 3.3% during the forecast period. Luxury bedding is used as a decorative item to enhance the comfort of a room and aesthetic beauty. It is made of natural materials that are chemical-free and anti-microbial, such as cotton and silk.
Duvets, pillow shams, comforters with covers, pillows, covers, cushions, and cotton sheets are examples of luxury bedding sets. Luxury bedding has sound heat conductivity and high air permeability, making it a breathable fabric that keeps the body warm in the winter and cool in the summer. This type of bedding is designed to provide back and neck support while relieving pressure points. Manufacturers offer a wide range of luxury bedding options based on the bed frame and the size of the bedroom.
Market Trends, Drivers, Restraints, and Opportunities
- Growing housing sector and rising consumer spending on home furnishings are major factors boosting the market growth.
- Increasing adoption of luxurious lifestyle among the baby boomer and millennial population is expected to drive the luxury bedding market forward.
- The innovation in fabric materials such as cotton and Egyptian silk and rising trend to change products frequently are driving the future market growth.
- Rising customer preference for high-quality sleeping beds, combined with an increase in the prevalence of sleeping disorders and insomnia, is estimated to boost the growth of the market during the forecast period.
- Significant logistical costs are estimated to impede the growth of the luxury bedding market.
- Rising costs associated with silk can create hindrance to the market.
- Growing innovation and evolution in bedding textures can provide significant opportunities in the expansion of the luxury bedding market.
Scope of Luxury Bedding Market Report
The report on the luxury bedding market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
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Attributes
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Details
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Report Title
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Luxury Bedding Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016 - 2021
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Forecast Period
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2023 – 2031
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Types (Blankets & Quilts, Bed Linen, Down Covers, Duvets, Mattresses, Pillowcases & Shams, Protectors, and Others), Material Types (Cotton, Linen, Silk, Polyester, Rayon, Organic Materials, Wool, and Others), End-users (Commercial [Corporate Offices, Hotels & Restaurants, Lodges, and Others] and Residential), Distribution Channels (Online [E-commerce Websites and Company-owned Websites] and Offline [Hypermarket/Supermarket, Specialty Stores, and Others]),
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Regional Scope
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Asia Pacific, North America, Europe, Latin America, and Middle East & Africa
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Report Coverage
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Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast
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Luxury Bedding Market Segment Insights
Bed Linen Segment is Projected to Hold Significant Market Share
Based on types, the luxury bedding market can be segregated into blankets & quilts, bed linen, down covers, duvets, mattresses, pillowcases & shams, protectors, and others. The bed linen segment is projected to hold a significant market share in the projected timeline. A quick shift in consumer interests toward sustainable linens and quality for healthier beds, durability, and greater comfort is a major driver of the segment growth.
Luxury bedding provides benefits such as it aids in deep sleeping and comfort, which is expected to be a major factor in increasing consumer demand, thereby driving the growth of the segment.
Silk Segment is Anticipated to Account for a Substantial Share
On the basis of material types, the market can be fragmented into cotton, linen, silk, polyester, rayon, organic materials, wool, and others. The silk segment is anticipated to account for a substantial share. Silk's growing preference as an elegant and comfortable material is a key driver boosting the segment. The growing demand for silk fabrics, which are warm and light weight, have become necessary due to rapid climate change, which in turn, is propelling the segment's growth.
Residential Segment is Estimated to Expand at a Robust Pace in the Coming Years
In terms of end-users, the luxury bedding market can be bifurcated into commercial and residential. The commercial segment can be further classified into corporate offices, hotels & restaurants, lodges, and others.
The residential segment is anticipated to expand at a robust pace in the coming years owing to increasing consumer spending on home furnishings. The rising preference for luxurious lifestyles among the millennial generations and young generations is expected to propel the residential segment.
Online Segment to Register a Substantial Growth Rate During the Forecast Period
Based on distribution channels, the market can be divided into online and offline. The online segment can be bifurcated into e-commerce websites and company-owned websites. The offline segment can be further categorized as hypermarkets/supermarkets, specialty stores, and others. The online segment is estimated to register a substantial growth rate during the forecast period, due to growing e-commerce sector.
Luxury bedding products are available in a variety of colours, styles, and patterns on the market. Discounts provided by online channels aid in customer retention, which can spur the segment growth. E-commerce enables mattress and textile startups to buy directly from manufacturers and sell directly to consumers, reducing transportation costs and allowing for significant price reductions in luxury goods.
Europe is Expected to Dominate the Market
In terms of regions, the luxury bedding market is categorized as Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Europe is expected to dominate the market, owing to presence of key players and new business expansion strategies employed by market players.
Asia Pacific is projected to hold significant market share in the global luxury bedding market in terms of revenue. Launch of new brands by key players, as well as an increase in the number of luxury bedding start-ups in the region, are expected to drive the market growth in region.
Segments
By Types
- Blankets & Quilts
- Bed Linen
- Down Covers
- Duvets
- Mattresses
- Pillowcases & Shams
- Protectors
- Others
By Materials
- Cotton
- Linen
- Silk
- Polyester
- Rayon
- Organic Materials
- Wool
- Others
By End-users
- Commercial
- Corporate Offices
- Hotels & Restaurants
- Lodges
- Others
- Residential
By Distribution Channels
- Online
- E-commerce Websites
- Company-owned Websites
- Offline
- Hypermarkets/Supermarkets
By Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Boll & Branch
- Parachute Home
- Frette
- BEDLAM
- Crane & Canopy Inc.
- Brooklinen Inc.
- Serena & Lily Inc.
- Linoto
- Peacock Alley
- Cultiver Goods Pty Ltd
Competitive Landscape
Key players in the luxury bedding market are Boll & Branch, Parachute Home, Frette, BEDLAM, Crane & Canopy Inc., Brooklinen Inc., Serena & Lily Inc., Linoto, Peacock Alley, and Cultiver Goods Pty Ltd. These players have actively engaged in several market development activities including collaborations, agreements, mergers & acquisitions, production capacity expansion, new product launches, and partnerships to increase their market share.
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