Market Scope
Market Research Future (MRFR) studied the global Pillows Market 2022 for the analysis period till 2030. As per MRFR study, the global pillow market is expected to surge at 7.23% CAGR to garner a decent revenue by 2030.
Drivers and Restrains of Pillow Market
The growing demand for pillows in residential spaces is expected to support the expansion of the pillow market. The cash-rich sectors, such as; wellness and healthcare industries, are high-end consumers of pillows as the inclination of people towards relaxation services are increasing. Thus, the upscaling demand for pillow is observed to drive their sales, thus promote the global market of pillow. The increasing relevance of pillows in hospitality sector can favor the market rise in the years to come. As the demand for pillows increase, local and international supplier are bidding in for innovations. Thus, the introduction of different type of pillows to cater to requirements of customers can prompt the expansion of the pillow market in the review period.
The stupendous demand for pillows for establishing advancements in interior designing and home-comfort planning can support the market rise. Pillow manufacturers are focused on designing comfortable and aesthetic pillows that can meet the needs of their end-users. The increase in popularity of small pillows for sofa and other soft furniture can hold lucrative growth opportunity for market vendors in the region. As pillow suppliers focus on creative and user-friendly innovation, and launch pillows of different shapes, ranges, and sizes, can promote the pillow market over the analysis term. In addition, manufacturers of travel pillows are offering customized solutions for flight passengers. The escalating sales of these pillows and surge in air traffic passengers can add to the growth of the global pillow market in the years to come.
Segment Study of Pillow Market
The segment study of the global Pillows Market is based on material, application, shape, filling material, feature, and shape.
The material-based segments of the pillow market are 100% Cotton, 100% Polyester, 100% Bamboo Fiber, and 100% Silk among others.
The filling material-based segments of the pillow market are Hollow Fibre, Memory Foam, Microfiber, and Latex among Others.
The shape-based segments of the pillow market are Round, Square, U-Shape, Convex, Rectangle, and Wave among Others.
The feature-based segments of the pillow market are Therapy, Anit-Static, Cooling, and Anti-Bacteria among others.
The application-based segments of the pillow market are Bedding, Decorative, Sleeping, Massage, and Travel among others.
Key Players of Pillow Market
Hollander (U.S.), Wendre (Estonia), American Textile Company (U.S.), Luolai (China), Romatex (South Africa), Dohia Home Textile Co., Ltd (China), and Hunan Mendale Hometextile Co., Ltd (China) are some reputed companies in the global pillow market that are listed by MRFR in the report.
Regional Analysis of Pillow Market
In North America, the pillow market is expected to witness a sharp rise in its turnover owing to the technology-driven smart pillows. These smart pillows not only offer comfort, but also provide comfortable sleeping modes and smart alarms features. The increasing utility of smart pillows is observed to add a competitive edge to new vendors entering into the regional pillow market. The availability of pillow customized for people all across the globe can benefit the pillow market in the years to come.
In Europe, the rise in number of restaurants and hotels and their inclination towards the adoption of smart interior solutions are observed to boost the demand for innovative pillows. In addition, the rise in infrastructural development for existing homes and hotels, along with the increase in construction activities can support the expansion of pillow market statistics in the year The growing preference for pillow as an important travel accessory to provide comfortable to travelers can add to the humongous demand for travel pillows, which, in turn can support the expansion of EU pillow market as more and more manufacturers are tapping into growth scope of the regional market.
In Asia Pacific, the increasing demand for pillow across different verticals can underpin the market rise in the near future. The application of modern technology to introduced novel design for pillow as the awarness about benefits are observed to surge can favor the pillow market in the APAC region. Moreover, as vendors are introducing a broad spectrum of pillow products to meet changing demands of customers, APAC pillow market can witness a healthy CAGR over the evaluation term.
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