The global bedding for hotels market is anticipated to grow at a considerable CAGR 5% during the forecast period (2022-2028). The growing urbanization coupled with rising disposable income is one of the major factors driving the growth of the global bedding for the hotels market. According to the data published by UNCTAD in 2021, the share of the urban population increased to 56.2% in 2020. In developed economies, 79.0% of people live in cities. Also, as per the data published by United Nations Organization, the global population is projected to increase by 2 billion persons in the next 30 years from 7.7 billion in 2020 to 9.7 billion in 2050 and could peak at nearly 11 billion around 2100. The growth has been driven by increasing urbanization and accelerating migration. 61.0% of the global population lives in Asia, 17.0% in Africa, 10.0% in Europe, 8.0% in Latin America, and the remaining 5.0% in Northern America. Moreover, as per the data published by Statistics Canada, the share of disposable income for the household in the lowest quintile increased from 6.1% in the first quarter to a high of 7.2% in the second quarter of 2020. Also, as per OECD, the average household net adjusted disposable income per capita is $30,490 per annum.
The increasing number of tourists is anticipated to drive the demand for global bedding for hotels market. According to the data published by United Nations World Tourism Organization (UNWTO) in 2020, 1.5 billion international tourist arrivals were recorded in 2019. Further, Asia Pacific had shown above-average growth for both domestic and international arrivals. For instance, as per the Ministry of Tourism, India had witnessed more than 10.93 million tourist arrivals in 2019. Further, domestic tourist visits had crossed 2321.98 million, while foreign tourists’ visits have crossed 31.4 million in 2019. Moreover, Europe welcomed more than 743 million international tourists in 2019. Thus, the rise in the number of tourists is anticipated to fuel the demand for the global bedding for the hotels market during the forecast period.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Frette North America Inc., Hollander, and Pacific Coast Feather Co. among others
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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Global Bedding for Hotels Market Report by Segment
By Type
- Luxury Type
- High-Grade Type
- Mid-Range Type
- Economic Type
By Application
- Three Piece Suit Bedclothes
- Duvet
- Pillow
- Mattress Protectors
- Others
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