Sleeping Pillow Industry Share, Benefits with Type, Competitor Analysis, Regional Portfolio |Forecast
Market Scope
Market
Research Future (MRFR) expects the pillow market to cover substantial grounds
and expand at a moderate rate between 2017 and 2023 (assessment period).
Top
Boosters and Key Restraints
Sleep
related issues like snoring is mostly linked with various other health
conditions including obesity and diabetes. Expanding population afflicted by
these health issues can be a huge growth booster for the sleeping pillow market
in the years to come. More and more manufacturers are focusing on producing
pillows with better features, with the key objective being product innovation.
For this, they are spending considerably on exhaustive R&D to boost the
product efficiency. These efforts by the players and the growing competition
between them to capture a higher customer base across regions can also benefit
the global market in the future.
Sleep
deprivation is a series issues and can result in hormonal imbalance, diabetes,
depression, memory loss, weakened immunity, irregular blood pressure, obesity,
and various chronic disorders. Pillows are an essential bedding item that help
deal with several sleep related disorders and are therefore, experiencing growing
demand across the globe. Soaring awareness levels among people about sleep
disorders and the rising preference for different types of pillows that
facilitate good sleep can present opportunities to the manufacturers in the
future.
Increase in
desk-bound jobs and the rising prevalence of poor sitting posture among the
youth are also key stimulants of the market growth. Additionally, amplified
demand for high quality healthcare to cater to the unmet needs, burgeoning
global population and the rise in healthcare expenditure will also ensure
growth in the market size during the appraisal period.
Affluent
Players
Affluent
firms in the global sleeping pillow market include American Textile Company
(U.S.), Dohia Home Textile Co., Ltd (China), Hunan Mendale Hometextile Co., Ltd
(China), Hollander (U.S.), Luolai (China), Romatex (South Africa), Wendre
(Estonia), to mention a few.
Access Report @ https://www.marketresearchfuture.com/reports/pillow-market-2766
Segmental
Review
For a
better understanding of the sleeping pillow market’s growth prospects, MRFR has
listed a few key segments, including material, filling material, shape, feature
and application.
Sleeping Pillow
market study lists key materials such as 100% Bamboo Fiber, 100% Cotton, 100%
Polyester, 100% Silk, and others. 100% Polyester is the most popular,
budget-friendly and non-allergenic material, which can be easily washed.
Sleeping Pillow
Industry, with respect to filling material, caters to hollow fibre, memory
foam, microfiber, latex, and others. Pillows that have hallow fiber as filling
material witness significant demand in developed economies such as the France,
U.S., U.K and Canada.
Depending
on shape, the sleeping
pillow industry can be considered for u-shape, square, wave, rectangle,
convex, round, and others. U-shaped pillows witness strong demand among people
that suffer from severe back pain and joint issues.
Pillow
market benefits, in terms of feature, can be split into cooling, therapy,
anti-bacteria, anti-static, and others. Pillows that have therapeutic features
are witnessing the fastest demand compared to other types.
Pillows’
major applications are sleeping, massage, decorative, bedding, travel, and
others. Increase in residential construction and the rising number of home
owners have raised the demand for bedding and by extension, for pillows that
ensure comfortable sleeping experience.
Regional
Insight
Sleeping Pillow
market value has been regionally categorized as North America, APAC or Asia
Pacific, Europe, and RoW or rest of the world.
Asia
Pacific is currently the market leader, with Europe as the second highest
gainer. Asia Pacific holds more than half of the global population, which
creates a massive customer base for different types of pillows in the region. A
latest technical advancement in the region has been the introduction of smart
pillows, which have snoring control and shape adjustment features. People
dealing with heart disorders, sleeping disorders, diabetes and other health
issues are the major consumers of these types of pillows.
Europe is a
highly lucrative market, thanks to the significant growth in sleep related
issues and the growing population of older people that require pillows with
superior features. Moreover, rise in product innovations and inclusion of more
features in pillows like sleep mode and guided meditation can further bolster
the market share in the region. Huge demand for pillows in hotels and hospitals
(the commercial sector) should also present attractive opportunities to the
leading firms in Europe, over the following years.
Recent
Developments
In January
2021, Silentnight has introduced its latest range of wellbeing inducing
products that help reduce the stress level of the consumers. The range now
includes cooling pillows, lavender-infused pillows, and a copper-infused pillow.
While these products help promote better sleep, the copper pillow also helps
reduce puffy eyes and acne issues.
In February
2021, Amouve launched its latest collection of pillows as well as towels and
bed sheets on Myntra, in view of the latter’s growing popularity among online
shoppers. Among the first to be launched on Myntra is the company’s Neembus
pillow that has Neem infused fabric.
NOTE:
Our Team of Researchers are Studying Covid19 and its Impact on Various Industry
Verticals and wherever required we will be considering Covid19 Footprints for
Better Analysis of Market and Industries. Cordially get in Touch for More
Details.
Contact
us:
Market
Research Future (part of Wantstats Research and Media Private Limited),
Comments
Post a Comment