The Expanding Horizons of the Real Estate Industry: A Global Perspective The real estate industry is experiencing unprecedented growth, fueled by the twin engines of population expansion and rapid urbanization. This global phenomenon is leading to a surge in both residential and commercial construction activities. The United Nations Department of Economic and Social Affairs (UNDESA) reports a remarkable journey from 751 million urban dwellers in 1950 to a staggering 4.2 billion in 2018. Breaking down the statistics, the Asia-Pacific region emerges as a dominant player, hosting 54% of the world's urban population. Meanwhile, North America boasts an 82% urbanization rate, Latin America and the Caribbean follow closely at 81%, Europe stands at 74%, and Oceania at 68%. The depicted graph illustrates a sharp upward trajectory in global urbanization from 2017 to the projected figures for 2025. According to a comprehensive study conducted by MRFR, the urban population is anticipated to witness a remarkable 78% increase, reaching 6.45 billion by 2050, up from 3.7 billion in 2010. This surge is particularly pronounced in emerging economies of the Asia-Pacific region, exemplified by the economic powerhouses of India and China. Their stable economic growth is not only fostering urbanization but is also setting the stage for a significant transformation in the real estate landscape. Furthermore, the rise in per capita disposable income is playing a pivotal role in shaping consumer behavior. As individuals enjoy increased financial stability, there is a notable trend towards investing in home decor, with a specific emphasis on bedding. The dynamics of consumer spending are evolving, with a growing preference for quality living spaces. This shift is expected to propel the global home bedding market to new heights, offering promising prospects for various segments within the real estate industry. The confluence of these factors signifies a broader narrative of how the real estate industry is intricately connected to the changing demographics and economic landscapes worldwide. Let's delve deeper into each key driver of this remarkable growth. Firstly, population growth acts as a catalyst, creating a demand surge for housing and commercial spaces. As urban centers burgeon, the need for infrastructure, housing, and commercial establishments becomes more pronounced. Developers and investors are quick to capitalize on these opportunities, leading to a spurt in construction activities. This surge is not limited to specific regions; it's a global phenomenon that is reshaping skylines and cityscapes across continents. In conclusion, the growth of the real estate industry is a multifaceted phenomenon driven by population growth, urbanization, and economic stability. The intricate interplay of these factors is reshaping the global landscape, offering both challenges and opportunities for stakeholders in the real estate and related industries. As the world marches towards 2050, the real estate sector is poised for further expansion, presenting a canvas for innovation, investment, and transformative urban development.
Report Attribute/Metric | Details |
---|---|
Market Opportunities | · Growing Demand For Eco-Friendly Home Bedding, Rising Demand For Smart Mattresses In Developing Economies |
Market Dynamics | · Growth Of the Real Estate Industry to boost the market growth |
Home Bedding Market Size was valued at USD 85.67 Million in 2023. The Home Bedding market industry is projected to grow from USD 87.87 Million in 2024 to USD 110.32 Million by 2032, exhibiting a compound annual growth rate (CAGR) of 8.22% during the forecast period (2024-2032). Growth Of The Real Estate Industry, and Consumer Preference For Branded Home Bedding is the key market drivers enhancing market growth.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Expanding Demand for home bedding market share for Premium Bedding Products to Boost the Market Growth during the Forecast period. The speeding-up interest for premium sheet material items is anticipated to assume a striking part in directing the worldwide home bedding market during the gauge period. The expanding consumption of sheet material items is projected to increase the market in the coming time. The home bedding market Growth of online business is relied upon to help upgrade the interest for bedding that is relied upon to drive the market in the coming time frame. Moreover, the home bedding market Analysis in expanding the frequency of back issues among the extending people is anticipated to fuel the item's requirement that can fundamentally foster the market in the evaluation period.
Additionally, Developing Innovation in Bedding to Offer Significant Opportunities in home bedding market Expansion during the Review Period. The Home bedding market Value in expanding development in textures, for example, Egyptian cotton and silk, is expected to offer a huge chance to drive the worldwide market in the appraisal period. What's more, the flooding recurrence of item substitution is probably going to fuel the interest in sheets, helping the market.
The Home Bedding market segmentation, based on product type, includes Mattress, Pillows, Bed Linen, Blanket, and others. the pillows fragment is expected to rule the market during the conjecture time frame. Then again, the pad portion is anticipated to encounter the most elevated CAGR of 6.31% while gathering a market worth of USD 64,126.0 Million by 2030.
Based on distribution channels, the Home Bedding market segmentation includes store-based and non-store-based. The store-based fragment is anticipated to lead the market during the estimated period. Then again, the non-store-based portion is projected to encounter a higher CAGR than the other fragment. The store portion has been additionally separated into forte stores and general stores, and hypermarkets.
Figure 2: Home Bedding Market, by Distribution Channels, 2021 & 2030 (USD Million)Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. North America is relied upon to rule the worldwide market during the figure time frame inferable from the expanding mindfulness about the proper sheet material. The provincial market is likewise prone to develop because of the developing interest in premium sheets. Also, the developing tendency towards current inside families is relied upon to fortify the market during the conjecture time frame. What's more, the presence of prominent players in the area will probably make a striking commitment to fostering the provincial market Further, the major countries studied in the market report are The U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Figure 3: HOME BEDDING MARKET SHARE BY REGION 2021 (%)Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
The market in APAC is expected to record the most noteworthy CAGR of 5.92% during the survey time frame. The provincial market is relied upon to observe critical improvement because of the fast urbanization and the expanding use of power. The developing tendency towards present-day insides is anticipated to make a remarkable commitment in the evaluation time frame.
The developing mindfulness about the back issue is expected to make a huge commitment to move the territorial market in the coming time. Moreover, the rising infiltration of new players in advancing nations is anticipated to fuel the interest for sheets, helping the territorial market during the gauge residency.
Europe is expected to observe huge market development during the gauge time frame attributable to the expanding interest in premium sheets. Furthermore, the accessibility of expected shoppers and rising venture by potential customers will probably drive the territorial market fundamentally.
Major market players are spending a lot of money on R&D to increase their product lines, which will help the Home Bedding market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Home Bedding industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.
The major market players are investing a lot of money in R&D to expand their product lines, which will spur further market growth for Home Bedding. With significant market development like new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market participants are also undertaking various strategic activities to expand their presence. To grow and thrive in a market climate that is becoming more competitive and growing, competitors in the Home Bedding industry must offer affordable products.
Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the Home Bedding industry to benefit customers and expand the market sector. The Home Bedding market has recently given medicine some of the most important advantages. Major hair care product market players, including Kingsdown, Inc. (US), Serta Simmons Bedding, LLC (US), Sleep Number Corporation (US), Crane and Canopy (US), Boll & Branch LLC (US), and others, are attempting to increase market demand by funding R&D initiatives.
Kingsdown was founded in 1904 as The Mebane Bedding Company in Mebane, N.C. by W.W. Corbett and A.N. Scott. More than a century later, we have expanded our manufacturing and distribution footprint in the U.S. and around the world but our commitment to handcrafted quality has never wavered.
Also, Simmons became the first business to mass-produce woven wire mattresses. Now, we employ more than 5,000 people across North America and have 27 manufacturing plants. The better you sleep, the better you live, work and play. That’s a big responsibility for us, and rest assured that we take it seriously. Learn more about our innovative products, as well as the people who wake up every day with just one aim in mind – to dream differently, so that you can live your dreams.
Key Companies in the Home Bedding market include
Home Bedding Industry Developments
In 2024, Serta Simmons Bedding (SSB), a leading global sleep provider, announced today that its new Beauty Sleep® Collection and Serta® Classic® Collection will be available. The new Beauty Sleep collection, featuring Original Beautyrest® Pocketed Coil® Technology for consistent, supportive sleep, and the Serta Classic collection, featuring three comfort zones for essential lower back care and classic comfort, were created with clear step-up merchandising platforms to introduce new consumers to the Beautyrest® and Serta® brand portfolios.
December 2021- Riley Home, a US-based sheet material organization, dispatched another four-layer assortment produced using brushed cotton and affirmed Standard 100 from Oeko-Tex for manageability.
December 2021- Delilah Home, a US-based sheet material player, dispatched its first hemp bedding assortment. A family-run manufacturing plant in Portugal finishes the assembling. The hemp strands are transformed into sheets with a non-harmful interaction to relax them to a material line surface.
North America
Europe
Asia-Pacific
Rest of the World
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)