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The predicted growth of the latex pillow market size from 2021 to 2026 is USD 591.33 million, at a progressing CAGR of 4.42%.
This latex pillow market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The latex pillow market report also offers information on several market vendors, including Altaflex Srl, Ascion LLC, Boyd Sleep, Brentwood Home LLC, Brooklyn Bedding, Comfort Mattresses Mfg.Co., Duoflex, FloBeds, Hollander Sleep Products LLC, IMMa Mattress, Kerala Rubber Products Pvt. Ltd., Kingsdown Inc., Latexco LLC, Organic Mattress Inc., ROYAL-PEDIC MATTRESS MFG., Saatva Inc., Serta Simmons Bedding LLC, Shevick Sales Corp., Sleep EZ USA, Sleeping Organic, Talalay Global, and United Pillow Manufacturing inc. among others.
This report extensively covers latex pillow market segmentation by the following:
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Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The increase in online retailing is notably driving the latex pillow market growth, although factors such as stringent regulations in the textile industry may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the latex pillow industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Latex Pillow Market Driver
Key Latex Pillow Market Trend
Key Latex Pillow Market Challenge
This latex pillow market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global latex pillow market as a part of the global household products market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the latex pillow market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the latex pillow market encompasses successful business strategies deployed by the key vendors. The latex pillow market is fragmented and the vendors are deploying growth strategies such as pricing and marketing strategies to compete in the market.
boydsleep.com - The company offers mattresses, adjustable bases, platform beds, bed frames, guest beds, and sleep accessories.
boydsleep.com - The company offers sleep accessories such as sleep air beds as the support core and feature independent adjustability for each side of the bed to give comfort from head to toe which have been designed to improve overall sleep activity.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The latex pillow market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the latex pillow market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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41% of the market's growth will originate from North America during the forecast period. The US is the key market for latex pillow in North America. Market growth in this region will be faster than the growth of the market in the European, MEA, and South American regions.
The increasing number of local and global vendors and their diversified range of product offerings will facilitate the latex pillow market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The COVID-19 outbreak in 2020 significantly impacted the latex pillow market in North America, including customer behavior, business revenues, and numerous aspects of corporate operations. The hospitality segment witnessed a sharp drop in the demand for latex pillows, and the performance gap increased significantly over time. In 2020, more than 4 million customers of the company placed a BOPIS order. As a result, strategic initiatives taken by vendors in the region ensured that consumers could avail household products such as latex pillows even during the pandemic. These factors will continue to drive the growth of the regional latex pillow market during the forecast period.
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The latex pillow market share growth by the offline segment will be significant during the forecast period. In 2021, the offline distribution channel of the global latex pillow market held the highest market share. This is mainly because the offline distribution channel is still the most effective mode of distribution. The offline channel provides customers the advantage of examining products before purchasing, which is considered the most influential means of marketing. An increase in the number of hypermarkets, supermarkets, and other convenience stores drives the sales of latex pillows through this channel.
This report provides an accurate prediction of the contribution of all the segments to the growth of the latex pillow market size and actionable market insights on post COVID-19 impact on each segment.
Pillows market - The market size is predicted to surge to USD 9.67 billion from 2021 to 2026 at a CAGR of 5.24%.
Sleeping Pillow market - The market share is expected to increase to USD 8.32 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.3%.
Latex Mattress market - The market share is expected to increase by USD 3.21 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 14.89%.
Latex Pillow Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.42% |
Market growth 2022-2026 |
$ 591.33 million |
Market structure |
Fragmented |
YoY growth (%) |
2.74 |
Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
Performing market contribution |
North America at 41% |
Key consumer countries |
US, China, Japan, UK, and Germany |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Altaflex Srl, Ascion LLC, Boyd Sleep, Brentwood Home LLC, Brooklyn Bedding, Comfort Mattresses Mfg.Co., Duoflex, FloBeds, Hollander Sleep Products LLC, IMMa Mattress, Kerala Rubber Products Pvt. Ltd., Kingsdown Inc., Latexco LLC, Organic Mattress Inc., ROYAL-PEDIC MATTRESS MFG., Saatva Inc., Serta Simmons Bedding LLC, Shevick Sales Corp., Sleep EZ USA, Sleeping Organic, Talalay Global, and United Pillow Manufacturing inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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