Sleeping Pillow Market Revenue, Future Growth, Trends, Top Key Players, Business Opportunities, Industry Share, Size Analysis by Forecast 2029
The global sleeping pillow market size is projected to expand in a promising manner owing to the increasing number of hotels and residential complexes across the world, finds Fortune Business Insights™ in its report, titled “Sleeping Pillow Market, 2022-2029”.
With an increasing number of hotels and residential complexes worldwide, there is a high demand for sleeping pillows as they help to prevent back pain and neck pain. Pillows are useful in keeping the spine in a neutral position, which helps in maintaining a good posture. Further, some people also prefer to sleep without a pillow, which can be harmful to the body and may lead to pain and discomfort.
There is a high demand for sleeping pillows in hospitals on account of the rising number of patients due to the ongoing COVID-19 epidemic, which has boosted the growth of this market. For example, India has been producing more than 200,000 coronavirus cases almost on a daily basis in April 2021. Thus, leading companies in this market are focusing on the production and distribution of pillows across different regions, resulting in an increase in sales across the world.
However, the rising price of raw materials used for the making of pillows due to the supply chain disruptions caused by the coronavirus may restrict the growth of this market.
Fortune Business Insights™ lists out all the sleeping pillow market companies that are presently striving to reduce the impact of Covid-19 pandemic on the market:
- Coop Home Goods
- Malouf
- Snuggle-Pedic
- The Water Pillow by Mediflow
- Five Star Pillow Co.
- Classic Brands LLC
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Highlights/Summary:
This research report offers an in-depth study of the driving factors, restraints, and trends shaping the growth trajectory of the market. In addition, this report offers a detailed evaluation of the market segments and regional developments in the market. Further, this report also incorporates a comprehensive analysis of the strategies adopted by the leading players to strengthen their market position.
Drivers/Restraints:
Escalating Number of Outdoor Activities to Fuel Market Growth
The rising number of outdoor activities, such as trekking, camping, hunting, wildlife, and others, has led to an increase in the demand for sleeping pillows, which is an important factor responsible for the market’s growth. For instance, according to a survey conducted by the North American Camping Report, there are approximately 77 million US households that are involved in camping activities on a regular basis. This has also resulted in the growth of this market across different regions.
Regional Insights:
Growing Birth Rate in Asian Countries to Boost Asia Pacific Market Growth
The Asia Pacific region is expected to grow speedily in the sleeping pillow market share on account of the increasing birth rate in countries such as Afghanistan, Nepal, India, and others, which has led to the rising demand for pillows. Further, top companies in this region are offering sleeping pillows at a reasonable rate to the majority of the population, which is also a vital factor responsible for the market’s growth.
North America is another region that is anticipated to expand at a considerable pace in this market due to the increasing utilization of roving vehicles; this will result in the demand for pillows in this region. Further, the growing construction of beach houses, home-stays, and resorts in this region is another major factor responsible for the market’s growth.
Market Segmentation
On the basis of type, this market is classified into memory foam pillows, down and feather pillows, wool/cotton pillows, polyester/synthetic pillows, latex pillows, and others. By application, the market is divided into residential and commercial. In terms of sales channels, the market is categorized into supermarkets/hypermarkets, specialty stores, and online. Based on geography, the market is clubbed into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
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The Global Sleeping Pillow Market Research/Analysis Report Contains Answers to your following Questions:
- Which Manufacturing Technology is used for Sleeping Pillow? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Sleeping Pillow Market? What are Their Company Profile, Their Product Information, and Contact Information?
- What Was Global Market Status of Sleeping Pillow Market? What Was Capacity, Production Value, Cost and PROFIT of Sleeping Pillow Market?
- What Is Current Market Status of Sleeping Pillow Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Sleeping Pillow Market Trends by Taking Applications and Types in Consideration?
- What Are Projections of Global Sleeping Pillow Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?
- What Is Sleeping Pillow Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is Economic Impact On Sleeping Pillow Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of Sleeping Pillow Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Sleeping Pillow Industry?
Competitive Landscape:
Growing Innovations by Key Market Players to Propel the Market
The prominent companies in this market are concentrating on the manufacturing of innovative sleeping pillows, equipped with new-age technologies, such as sleep trackers, anti-snore control, wireless speakers, and others. This has resulted in an increasing demand for this product and rising competition among key companies, offering these products at reasonable prices, which has fuelled the growth of this market.
Industry Development:
February 2020: Pillow announced the introduction of gel memory foam pillow, which contains infused fabric made in the US. The users can modify the pillow’s thickness by unzipping the cover and fine-tuning the amount of fill.
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