Sleeping Pillow Market industry worth USD 23.20 Billion by 2027 at 4.41% CAGR.


Posted July 27, 2021 by james4220

Global Sleeping Pillow Market industry Report By Type (Memory Foam Pillow, Foam Pillow, Down & Feather Pillow, , Application (Residential, Hotel, Hospital, Nursing Home, And School) And By Regions
 
Market Overview
The Global Sleeping Pillow Market industry is estimated to reach USD 15.35 billion by 2027, and the market is expected to register a growth rate of 4.5% during the forecast period of 2021 to 2027. Due to the growing commercial sector, including, hotels, hospitals, resorts, lodgings, hostels, and guest houses, is expected to boost the sales of sleeping pillow in the global market.

Furthermore, increasing awareness among consumers about opting for pillows which can help them sleep better. The primary benefit of using a pillow is to help the upper body maintain alignment and correct posture while sleeping, thereby relieving access stress of the body.

Also, with the rapid development of economies leading to changing consumer’s living standards has influenced the sales of pillows in the global market.

Competitive Landscape
Hollander, Inc (US), American Textile Company (US), Wendre AS (Estonia), Romatex Home Textiles (Pty) Ltd (South Africa), Hunan Mendale Hometextile Co., Ltd (China), Luolai Lifestyle Technology Co., Ltd. (China), My Sleeping Pillow, Inc. (US), Tempur-Pedic International, Inc. (US), Hanse Textilvertrieb GmbH (Germany), Paradise Sleeping Pillow Inc. (US), Magniflex (Italy), Comfy Quilts Ltd (UK), MAYA TEXTILE IND. VE TİC. LTD. Sti. (Turkey), Latexco N.V. (Belgium), and Sheela Foam Limited (India) are the key players, associated with the global sleeping pillow industry, in the global sleeping pillow market
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Market Segmentation
The global sleeping pillow market has been segmented based on type, end-use, distribution channel, and region.
According to global Sleeping Pillow Market industry analysis, the market has been classified as feather sleeping pillows, down sleeping pillows, memory foam sleeping pillows, microbead sleeping pillows, buckwheat sleeping pillows, and others. The memory foam sleeping pillow is expected to account for the largest market share, and it is also projected to register the highest growth rate.
Based on end-use, the global sleeping pillow market has been segmented into residential and commercial. The commercial segment is expected to hold a lion’s share market share, and the same segment is expected to register the highest CAGR during the review period.

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Regional Analysis
The market in Asia-Pacific is projected to account for the lion’s share of the global sleeping pillow market and exhibit an impressive CAGR during the forecast period. China and India are among the major markets contributing to the regional market growth. Owing to the growing residential as well as commercial sectors in these countries, it is expected to boost the growth of the Asia-Pacific pillow market. Additionally, due to high living standards in the US and Canada has led to consumers spending more on home textiles and furnishing which, in turn, is expected to show growth in the North America pillow market.
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Last Updated July 27, 2021