Latex Pillow Market Insights
Market Overview:
With a valuation of USD 276.90 million in 2018, the global latex pillow market is projected to experience continued growth with a compound annual growth rate (CAGR) of 4.9% from 2019 to 2025. This expansion can be attributed to factors such as increasing consumer awareness about the benefits of latex pillows, including their hypoallergenic and supportive properties. The rising demand for comfortable and eco-friendly bedding products, coupled with advancements in manufacturing techniques, is expected to drive the market's growth over the forecast period.
Latex Pillow Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Home Furnishings by segment aggregation, the contribution of the Home Furnishings in Consumer Durables & Apparel and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Segmentation Analysis:
The Latex Pillow Market is segmented by Type, Application, Region. We are analyzing the market of these segments to identify which segment is the largest now and in the future, which segment has the highest growth rate, and the segment which offers the opportunity in the future.
Latex Pillow Market Basis Point Share Analysis, 2021 Vs. 2028
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- Based on Type the market is segmented as, Blended Mix, Natural, Synthetic
- Based on Application the market is segmented as, Residential, Commercial
- Based on Region the market is segmented as, North America, Europe, Asia Pacific, Latin America, Middle East & Africa, KEY MARKET, Sleep On Latex, Simmons Bedding Company LLC., Sealy Corp., Serta, Inc., Talalay Global, Shevick Sales Corp., United Pillow Manufacturing, Inc., Sleep Artisan, DeRUCCI International Holdings Ltd.
Regional Analysis:
Latex Pillow Market is being analyzed by North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA) regions. Key countries including the U.S., Canada, Germany, France, UK, Italy, Spain, China, India, Japan, Brazil, GCC Countries, and South Africa among others were analyzed considering various micro and macro trends.
Latex Pillow Market Attractiveness Analysis, By Region 2020-2028
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Latex Pillow Market : Risk Analysis
SkyQuest's expert analysts have conducted a risk analysis to understand the impact of external extremities on Latex Pillow Market. We analyzed how geopolitical influence, natural disasters, climate change, legal scenario, economic impact, trade & economic policies, social & ethnic concerns, and demographic changes might affect Latex Pillow Market's supply chain, distribution, and total revenue growth.
Competitive landscaping:
To understand the competitive landscape, we are analyzing key Latex Pillow Market vendors in the market. To understand the competitive rivalry, we are comparing the revenue, expenses, resources, product portfolio, region coverage, market share, key initiatives, product launches, and any news related to the Latex Pillow Market.
To validate our hypothesis and validate our findings on the market ecosystem, we are also conducting a detailed porter's five forces analysis. Competitive Rivalry, Supplier Power, Buyer Power, Threat of Substitution, and Threat of New Entry each force is analyzed by various parameters governing those forces.
Key Players Covered in the Report:
- sights
- The global latex pillow market size was valued at USD 276.90 million in 2018 and will expand further at a CAGR of 4.9% from 2019 to 2025. Rising demand for high-end lifestyle products is a key factor driving the market growth. Also, rising incidences of cervical spondylosis, neck pain, joint pain, etc. owing to hectic schedules and sedentary lifestyle is boosting the product demand.
- According to the National Center for Biotechnology Information, 20.3% of the population across the globe suffered from neck pain in 2017. Latex pillows are proven to provide optimum support and fill the gap between neck and head while sleeping. They are considered to be extremely comfortable on account of the natural elasticity of latex, which helps in effectively aligning the spine.
- They help relieve neck and spinal pain and are also recommended by osteopaths, therapists, and chiropractors for people suffering from back pain. Besides, they also help reduce allergies and accumulation of microbes and dust mites.
- Furthermore, the rapid development of residential and hospitality sectors helps boost the demand for these pillows. New product launches, especially in the commercial application segment, is also augmenting the product demand. For instance, in October 2018, Innocor Inc. launched an Amazon exclusive brand called Revel with its Innocor Foam Technologies, which serves commercial customers.
- Type Insights
- Blended mix latex type segment led the global market in 2018 accounting for more than 45% of the overall share. These pillows are manufactured using a combination of natural Talalay and synthetic latex. This combination enhances the durability of the product and cuts short on chemical infused production. Manufacturers produce blended latex pillows with a combination of synthetic, cotton, rayon, and poly-fil as using a combination of different materials helps cut down on the cost incurred in producing 100% natural latex pillows.
- For instance, the Essence of Bamboo offers a latex pillow of shredded latex with a blend of poly-fil. This combination helps retain bounce and softness for a long time and also improves the airflow of the product. The natural latex type segment is expected to witness the highest CAGR of 5.4% from 2019 to 2025. Increasing usage of eco-friendly and natural products on account of low environmental impact is driving the segment growth. Constant product innovation in this segment is also driving its growth. For instance, in 2017, Vita Talalay added new products to its portfolio, Natural Vita Talalay Origins.
- Application Insights
- The residential application segment accounted for a share of more than 54% in 2018. Rapid urbanization has been driving the demand for home furnishing products, which, in turn, is expected to fuel the market growth in this segment. The commercial application segment is also expected to witness substantial growth over the next few years.
- Rapidly expanding the hospitality sector is the key factor responsible for market growth in this segment. Also, growing infrastructural development and construction activities in developing countries, such as China, Indonesia, and India, is expected to boost the segment.
- Regional Insights
- North America led the global market in 2018 and will retain its position throughout the forecast period. This growth is attributed to the increasing number of residential building constructions in the region. The rising importance of and awareness about using natural products are also expected to drive the product demand. Moreover, the presence of key manufacturers, such as Talalay Global, Shevick Sales Corp., United Pillow Manufacturing, Inc., and Sleep Artisan, is further expected to fuel the growth of the regional market.
- Asia Pacific is projected to witness the fastest growth at CAGR of 5.7% from 2019 to 2025. Rapid urbanization in the region, particularly in countries like China, India, and Indonesia, is boosting the demand for home furniture including bedding products, which is likely to augment the market growth. Expanding hospitality and healthcare industries is also likely to help boost the market growth. Besides, increased consumer disposable income levels and improved standards of living are said to contribute to the product demand.
- KEY MARKET SEGMENTS
- By Type
- Blended Mix
- Natural
- Synthetic
- By Application
- Residential
- Commercial
- By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- KEY MARKET
- Sleep On Latex
- Simmons Bedding Company LLC.
- Sealy Corp.
- Serta, Inc.
- Talalay Global
- Shevick Sales Corp.
- United Pillow Manufacturing, Inc.
- Sleep Artisan
- DeRUCCI International Holdings Ltd.
- Dubai Furniture Manufacturing Co. LLC.
SkyQuest's Expertise:
The Latex Pillow Market is being analyzed by SkyQuest's analysts with the help of 20+ scheduled Primary interviews from both the demand and supply sides. We have already invested more than 250 hours on this report and are still refining our date to provide authenticated data to your readers and clients. Exhaustive primary and secondary research is conducted to collect information on the market, peer market, and parent market.
Our cross-industry experts and revenue-impact consultants at SkyQuest enable our clients to convert market intelligence into actionable, quantifiable results through personalized engagement.
Scope Of Report
Report Attribute |
Details |
The base year for estimation |
2021 |
Historical data |
2016 – 2022 |
Forecast period |
2022 – 2028 |
Report coverage |
Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis |
Segments covered |
- By Type - Blended Mix, Natural, Synthetic
- By Application - Residential, Commercial
- By Region - North America, Europe, Asia Pacific, Latin America, Middle East & Africa, KEY MARKET, Sleep On Latex, Simmons Bedding Company LLC., Sealy Corp., Serta, Inc., Talalay Global, Shevick Sales Corp., United Pillow Manufacturing, Inc., Sleep Artisan, DeRUCCI International Holdings Ltd.
|
Regional scope |
North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA) |
Country scope |
U.S., Canada, Germany, France, UK, Italy, Spain, China, India, Japan, Brazil, GCC Countries, South Africa |
Key companies profiled |
- sights
- The global latex pillow market size was valued at USD 276.90 million in 2018 and will expand further at a CAGR of 4.9% from 2019 to 2025. Rising demand for high-end lifestyle products is a key factor driving the market growth. Also, rising incidences of cervical spondylosis, neck pain, joint pain, etc. owing to hectic schedules and sedentary lifestyle is boosting the product demand.
- According to the National Center for Biotechnology Information, 20.3% of the population across the globe suffered from neck pain in 2017. Latex pillows are proven to provide optimum support and fill the gap between neck and head while sleeping. They are considered to be extremely comfortable on account of the natural elasticity of latex, which helps in effectively aligning the spine.
- They help relieve neck and spinal pain and are also recommended by osteopaths, therapists, and chiropractors for people suffering from back pain. Besides, they also help reduce allergies and accumulation of microbes and dust mites.
- Furthermore, the rapid development of residential and hospitality sectors helps boost the demand for these pillows. New product launches, especially in the commercial application segment, is also augmenting the product demand. For instance, in October 2018, Innocor Inc. launched an Amazon exclusive brand called Revel with its Innocor Foam Technologies, which serves commercial customers.
- Type Insights
- Blended mix latex type segment led the global market in 2018 accounting for more than 45% of the overall share. These pillows are manufactured using a combination of natural Talalay and synthetic latex. This combination enhances the durability of the product and cuts short on chemical infused production. Manufacturers produce blended latex pillows with a combination of synthetic, cotton, rayon, and poly-fil as using a combination of different materials helps cut down on the cost incurred in producing 100% natural latex pillows.
- For instance, the Essence of Bamboo offers a latex pillow of shredded latex with a blend of poly-fil. This combination helps retain bounce and softness for a long time and also improves the airflow of the product. The natural latex type segment is expected to witness the highest CAGR of 5.4% from 2019 to 2025. Increasing usage of eco-friendly and natural products on account of low environmental impact is driving the segment growth. Constant product innovation in this segment is also driving its growth. For instance, in 2017, Vita Talalay added new products to its portfolio, Natural Vita Talalay Origins.
- Application Insights
- The residential application segment accounted for a share of more than 54% in 2018. Rapid urbanization has been driving the demand for home furnishing products, which, in turn, is expected to fuel the market growth in this segment. The commercial application segment is also expected to witness substantial growth over the next few years.
- Rapidly expanding the hospitality sector is the key factor responsible for market growth in this segment. Also, growing infrastructural development and construction activities in developing countries, such as China, Indonesia, and India, is expected to boost the segment.
- Regional Insights
- North America led the global market in 2018 and will retain its position throughout the forecast period. This growth is attributed to the increasing number of residential building constructions in the region. The rising importance of and awareness about using natural products are also expected to drive the product demand. Moreover, the presence of key manufacturers, such as Talalay Global, Shevick Sales Corp., United Pillow Manufacturing, Inc., and Sleep Artisan, is further expected to fuel the growth of the regional market.
- Asia Pacific is projected to witness the fastest growth at CAGR of 5.7% from 2019 to 2025. Rapid urbanization in the region, particularly in countries like China, India, and Indonesia, is boosting the demand for home furniture including bedding products, which is likely to augment the market growth. Expanding hospitality and healthcare industries is also likely to help boost the market growth. Besides, increased consumer disposable income levels and improved standards of living are said to contribute to the product demand.
- KEY MARKET SEGMENTS
- By Type
- Blended Mix
- Natural
- Synthetic
- By Application
- Residential
- Commercial
- By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- KEY MARKET
- Sleep On Latex
- Simmons Bedding Company LLC.
- Sealy Corp.
- Serta, Inc.
- Talalay Global
- Shevick Sales Corp.
- United Pillow Manufacturing, Inc.
- Sleep Artisan
- DeRUCCI International Holdings Ltd.
- Dubai Furniture Manufacturing Co. LLC.
|
Customization scope |
Free report customization (15% Free customization) with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options |
Reap the benefits of customized purchase options to fit your specific research requirements. |
Objectives of the Study
- To forecast the market size, in terms of value, for various segments with respect to five main regions, namely, North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)
- To provide detailed information regarding the major factors influencing the growth of the Market (drivers, restraints, opportunities, and challenges)
- To strategically analyze the micro markets with respect to the individual growth trends, future prospects, and contribution to the total market
- To provide a detailed overview of the value chain and analyze market trends with the Porter's five forces analysis
- To analyze the opportunities in the market for various stakeholders by identifying the high-growth Segments
- To identify the key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape for the market leaders
- To analyze competitive development such as joint ventures, mergers and acquisitions, new product launches and development, and research and development in the market
What does this Report Deliver?
- Market Estimation for 20+ Countries
- Historical data coverage: 2016 to 2022
- Growth projections: 2022 to 2028
- SkyQuest's premium market insights: Innovation matrix, IP analysis, Production Analysis, Value chain analysis, Technological trends, and Trade analysis
- Customization on Segments, Regions, and Company Profiles
- 100+ tables, 150+ Figures, 10+ matrix
- Global and Country Market Trends
- Comprehensive Mapping of Industry Parameters
- Attractive Investment Proposition
- Competitive Strategies Adopted by Leading Market Participants
- Market drivers, restraints, opportunities, and its impact on the market
- Regulatory scenario, regional dynamics, and insights of leading countries in each region
- Segment trends analysis, opportunity, and growth
- Opportunity analysis by region and country
- Porter's five force analysis to know the market's condition
- Pricing analysis
- Parent market analysis
- Product portfolio benchmarking