To know about the market price of quilt cover, we have to know the market of home furnishing first. It is estimated that the global home furnishings market will reach USD 87.05 (CAGR) of 7.9% between 2022 and 2030. The housing boom and increased consumer spending on home furnishings have widened the growth scenario. The COVID-19 pandemic has had a devastating impact on the bed linen industry. But once the closure was announced, online sales skyrocketed. Besides the changing routines, people struggled to get enough sleep. So, this resurgence reflects people seeking self-care solutions at a time when fear of COVID-19 is causing many sleep problems. This led to increased spending on comfort and bedding, which ultimately helped the market grow. In addition, the revolution of working from home, which began due to the closure of many countries due to the global pandemic, has directed people's budgets toward family expenses. A large percentage of consumers work in bed and spend more time at home, which has resulted in an improved sleep regimen. In addition, in the year 2020, mattresses, related products such as adjustable bases, and accessories such as back cushions are becoming popular. According to Jerry Epperson, a mattress industry veteran, and director of Virginia-based investment banking and business advisory firm Mans Armstead & Epperson, in October 2020 sales are up more than 30 percent from last year. Premium beds along with their functional features are contributing to better results in the industry, which indicates an increasing demand for bed linens for home use. Additionally, the important relationship between good sleep and a healthy mind and body has led to an increased demand for quality bedding. According to the American Sleep Apnea Association, 50 to 70 million Americans have sleep-related problems, and rates of sleep deprivation have increased over the past 30 years. In addition, the trend toward customized mattresses will increase in 2021 among affluent consumers. Fully adjustable mattresses are currently available by some of the top mattress brands, but others are expected to follow soon. For example, in January 2021, Durfee launched Indian cotton foam mattresses with hemp seed oil. These mattresses can be fully customized to individual preferences and then shipped directly to them. Insights about distribution channels The offline channel of distribution captured the largest share of sales – over 65.0% in 2021. The offline channel is preferred by buyers as it allows consumers to see products directly and facilitates easy control of quality and materials. By using traditional brick-and-mortar stores, these brands have been able to create a unique customer experience. The online distribution channel is expected to register the fastest CAGR at 9.1% during 2030-2022. With the rise of online retailers and the increased efficiency of e-commerce sites, consumers are less likely to visit physical stores. This is a potential advantage for online and hybrid marketers who are constantly looking for new ways to improve their distribution and delivery models The Spreadsheets segment accounted for the largest share of revenue at over 25% in 2021 and is expected to see the fastest growth over the forecast period. The sheets include duvets, comforters, pillowcases, and bedspreads. The rapid shift in consumer preferences for quality and sustainable bedding towards healthier beds, greater comfort, and greater sustainability is an important driver for the growth of this sector. The public sector is expected to grow at a CAGR of 7.9% between 2022 and 2030. This sector is driven by the growing demand for Afghans in countries with cold climates such as the UK, Canada, the US, and Russia. These products are also in demand in countries like India, where parts of the country are extremely cold. In addition, the demand for organic, pesticide-free, and hypoallergenic blankets is growing, which is also driving the growth of this segment. The Asia-Pacific region will account for the largest share of over 35% in 2021 and is expected to experience the fastest growth over the forecast period. The dominance of the home textiles market in the region by countries such as China, India, and Japan have led to an abundance of gypsum textiles and hence the use of bedding products in both the residential and commercial sectors. North America is expected to record a CAGR of 7.9% between 2022 and 2030. The regional market is growing as consumers become increasingly aware of the need for quality sleep and appropriate bedding. Consumer perceptions of the quality of sleep products have changed due to the lack of sleep disruption in the region. According to the 2020 AffordableCollegesOnline.org blog, a study published in the Journal of Youth and Adolescence looked at suburban high school students in Fairfax County, Virginia, who started school very early, and found that every hour of sleep was appropriate. The teenager was absent no matter. with a 38% increase in hopelessness and a 42% increase in suicidal ideation. Loss of sleep every hour was also associated with a 58% increase in actual suicide attempts. This market is characterized by the presence of several established players and newcomers. These companies have expanded their product portfolio by introducing new and innovative home beds to expand their consumer base. For example, Tempur introduced Sealy International. In February 2021, a completely new and extensive collection of mattresses. The new mattresses feature technologies that offer better support and durability, including ultra-responsive coils and memory foam, as well as innovations such as breathable, cool-to-the-touch covers that keep consumers cool all night long.
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