As per the current market research conducted by the CMI Team, the US Bedding Market size is expected to record a CAGR of 5.8% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 19,271.6 Million. By 2033, the valuation is anticipated to reach USD 32,010.2 Million.
US Bedding Market: Growth Factors and Dynamics
- Rising Homeownership Rates: The steady increase in homeownership rates in the US drives demand for bedding products. As more individuals and families invest in residential properties, there is a corresponding need for quality bedding essentials such as sheets, pillows, and comforters.
- E-commerce Boom: The rapid growth of e-commerce platforms has transformed the bedding market in the US Consumers increasingly prefer the convenience of shopping online for bedding products, leading to a surge in online sales and a shift away from traditional brick-and-mortar retail channels.
- Focus on Sleep Health: With growing awareness of the importance of sleep for overall health and well-being, there is a heightened demand for bedding products that promote better sleep quality. This trend drives innovation in bedding materials and technologies designed to enhance comfort and support.
- Innovation in Materials: Advancements in textile technology have led to the development of innovative bedding materials such as moisture-wicking fabrics, temperature-regulating fibers, and hypoallergenic materials. These innovations cater to evolving consumer preferences for bedding that offers enhanced performance and durability.
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US Bedding Market: Partnership and Acquisitions
- In 2023, Brooklinen expanded its presence by launching its inaugural Midwest store in Chicago’s West Loop neighbourhood. Teaming up once again with the design firm Office of Tangible Space, Brooklinen created a unique Chicago studio, further solidifying its commitment to offering quality bedding experiences across the US.
- In 2022, Milliken & Company, a global textile manufacturer, is set to expand its operations in Cherokee County with a $27.4 million investment, generating 75 new jobs. This expansion underscores the company’s commitment to growth and economic development in the region.
- In 2021, Tempur Sealy International, Inc. unveiled an expanded mattress portfolio featuring advanced technologies for improved support and durability. These include ultra-responsive coils, memory foams, and innovative breathable, cool-to-the-touch covers aimed at enhancing comfort and ensuring consumers stay cool during sleep.
US Bedding Market: COVID-19 Analysis
The COVID-19 pandemic has had a significant impact on the US Bedding Market, with the industry experiencing both positive and negative effects. Here are some of the key impacts:
- Supply Chain Disruptions: COVID-19 led to disruptions in global supply chains, impacting the availability of raw materials and manufacturing processes for bedding products. This resulted in production delays and shortages, affecting the supply of bedding products in the market.
- Shift in Consumer Spending: Economic uncertainty during the pandemic prompted changes in consumer spending habits. While there was a surge in demand for essential bedding products initially, consumer spending on non-essential items like luxury bedding declined as individuals prioritized essential purchases and budget-conscious spending.
- Pent-up Demand Release: As vaccination rates increase and economic conditions stabilize, pent-up demand for bedding products is expected to be released, driving a rebound in sales as consumers resume postponed purchases and invest in home improvement projects.
List of the prominent players in the US Bedding Market:
- Tempur Sealy International Inc.
- Serta Simmons Bedding LLC
- Sleep Number Corporation
- American Textile Company
- Pacific Coast Feather Company
- Hollander Sleep Products
- WestPoint Home LLC
- Downlite Bedding
- Malouf
- Berkshire Hathaway
- Brooklyn Bedding
- Parachute Home
- Boll & Branch
- Casper Sleep Inc.
- Tuft & Needle
- Others
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