Latest News- Sleeping Pillow Market: Offline is expected to lead the Distribution Channel segment during 2024-2028
The Sleeping Pillow Market is being driven by Increasing construction of residential complex
The Sleeping Pillow Market is expected to grow at a CAGR of 6.4% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 9493.2 million. The global sleeping pillow market is experiencing a substantial increase in online sales due to several key factors. The proliferation of smartphones and expanding Internet penetration worldwide have facilitated the convenience of hassle-free shopping for consumers. Additionally, urbanization and the emergence of advanced internet-enabled transaction platforms are further fueling market growth. For instance, in July 2021, approximately 83% of transactions in China were conducted via mobile devices. This shift towards convenient online shopping is significantly contributing to the rising sales of sleeping pillows.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on Distribution Channel (Offline, Online) Geography (APAC, Europe, North America, Middle East and Africa, South America).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
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Key Features in Sleeping Pillow Market Research Report
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The sleeping pillow market encompasses a range of pillows made from various bedding materials such as memory foam and soft fabric. Memory foam pillows, popular for their ability to conform to the head and neck, are increasingly preferred for their comfort. Travel and accommodation sectors, including Airbnb, use these pillows to ensure accurate bedding for guests. Uncomfortable pillows can cause pain and even physical injury. The industry sources raw materials globally for production, with international trading relationships crucial. Throw pillows, available in square and rectangular shapes, are non-essential consumer goods, while pillow covers add to their aesthetic appeal. Investment in high-quality pillows, including queen and standard size memory foam pillows, promotes better rest and well-being. Mattress pillows come in various sizes and shapes, catering to individual needs. Tourism and hospitality sectors invest in comfortable pillows to enhance guest experience.
The global home furnishings market encompasses businesses involved in the production and distribution of furniture, home decor, floor coverings, and appliances. According to Technavio's market analysis, the home furnishings industry's size is determined by the consolidated revenue generated by manufacturers and marketers of consumer electronics, household items, and other related products. Key growth drivers for this market include the expansion of residential and commercial construction sectors, with a surge in new building projects in major economies such as the US, China, and India, leading to increased demand for new furniture and home accessories. Furthermore, the rising emphasis on infrastructure development and home renovation projects contributes to market growth. Within the home furnishings segment, specific product categories, such as head support pillows, exhibit significant demand due to their ability to address various health concerns, including allergies, headaches, and snoring. Additionally, the market caters to diverse consumer needs, offering pillows for couples, travel, pregnancy, and various sizes, ensuring a customized solution for every consumer.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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