Latest News:- Smart Pillows Market: Offline is expected to lead the Distribution Channel segment during 2024-2028

Smart Pillows Market to grow at a CAGR of 20.6% during 2024-2028

The Smart Pillows Market is expected to grow at a CAGR of 20.6% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 779.7 million. The global smart pillows market is experiencing significant growth due to the increasing adoption of technology-driven sleep solutions. Millennials, in particular, are leading this trend, seeking advanced features to enhance their well-being. Smart pillows, such as those offered by Sunrise, integrate cutting-edge technology with comfortable adjustments. Key features include anti-snoring technology, climate control, smart fabric, automatic mattress firmness adjustment, sleep tracking, IoT, and smart home connectivity. Renowned manufacturers continue to innovate, meeting the market's demands with product advancements. Sunrise's new smart pillow line introduces a unique sleep solution, further expanding the market's offerings. 

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The Offline subsegment is expected to dominate the Distribution Channel segment during the forecast period 

Technavio analysts predict that the Offline subsegment will lead the Distribution Channel segment during 2024 and 2028 The offline distribution channel, consisting of physical stores selling smart pillows and beds, is projected to experience substantial growth in the global smart pillows market, surpassing the online segment's CAGR during the forecast period. This segment encompasses specialty stores, hypermarkets, supermarkets, and department stores. Among these, specialty stores, which include company-owned outlets, franchises, and third-party retailers, generate the highest revenue. The popularity of home care specialty retail stores underpins the growth of this segment in the smart pillows market.

Here are the various ways based on which the market is segmented: 

• Distribution Channel
  • Offline
  • Online
• Geography
  • North America
  • Europe
  • APAC
  • South America
  • Middle East and Africa

Reasons to Purchase the Global Smart Pillows Market Market Research Report by Technavio. What is in it for you?

• Wealth of Experience: Technavio is an established name in the world of market research. It holds an expertise of more than 20 years in the field, has published 21,000+ reports thereby extensively covering the area in various industries and range of regions
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There are several factors that are causing the market to flourish demand for higher levels of comfort from developed areas

Learn which are the obstacles that the market is experiencing in the way of its growth by accessing the free PDF report

Research Analysis Overview

The Smart Pillow Market is experiencing significant growth due to the increasing health consciousness among consumers, especially baby boomers, who are seeking solutions for sleep disorders and sleep deprivation. Medical endorsements for smart pillows as effective tools for improving sleep quality have boosted their popularity. These pillows come in various materials like polyester, wool/cotton, foam, and latex, catering to different consumer preferences. Smart pillows are not just for residential use but are also gaining traction in healthcare facilities, schools, nursing homes, hospitals, and hotels. They offer multifunctional features such as antisnoring, sleep pattern analysis, stress level reduction, and relaxation functions. Sensors in these pillows can detect snoring and sleep disorders like obstructive sleep apnea, making them essential for individuals with health issues. Offline sales continue to dominate the market, but online sales are rapidly growing due to the convenience they offer. Smart pillows are not just about sleep health; they are also about incorporating smart technologies into our daily lives to enhance our overall well-being. The market for smart pillows is expected to expand in the commercial sector as well, as businesses recognize the importance of employee relaxation and productivity.

Market Research Overview

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 revenue is derived from the sales of consumer electronics, furnishings, decorative products, household appliances, and other homeware items. Factors driving growth in this sector include the expansion of residential and commercial construction sectors, leading to increased demand for new furniture and renovation projects, particularly in key markets such as the US, China, and India.

The Smart Pillows Market is experiencing significant growth, fueled by the demand for higher levels of comfort from developed areas. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/