Global Pillow
Market Report
2024
The Global Pillow market is valued at USD 5.9 billion in 2023 and is projected to exhibit a compound annual growth rate (CAGR) of 7.5% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, The Global Pillow market is valued at USD 5.9 billion in 2023 and is projected to exhibit a compound annual growth rate (CAGR) of 7.5% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Pillow Market Sales Revenue 2023 | $ 5.9 Billion |
Global Pillow Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 7.5% |
Market Split by Material |
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Market Split by Application |
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Market Split by Filling Material |
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Market Split by Shape |
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Market Split by Feature |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Pillow Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Over the last decade, the worldwide pillow market has experienced steady expansion, propelled by rising demand across diverse sectors. Residential spaces have seen a surge in demand for pillows, while the healthcare and wellness industries have also become significant consumers. The market's large-scale manufacturing has prompted vendors to devise new strategies for product promotion. As a result of these factors and trends, the global pillow market is expected to generate substantial revenues in the coming years.
Leveraging the remarkable growth trajectory observed in the global Pillow Market, the leading players capitalized on this opportunity effectively.
For instance, Tempur Sealy International, Inc. (NYSE: TPX) and Mattress Firm Group Inc. have revealed their definitive agreement for Tempur Sealy to acquire Mattress Firm, the largest mattress specialty retailer in the nation. This acquisition, valued at around $4.0 billion, will be completed through a combination of cash and stock.
As awareness of the vital role of sleep in physical and mental well-being grows, it serves as a key driver propelling the pillow market. Consumers, increasingly conscious of the significance of quality sleep, are now more inclined to invest in pillows tailored to their unique requirements. This burgeoning interest has triggered a surge in demand for specialized pillows, including memory foam, orthopedic, and ergonomic designs, meticulously crafted to offer optimal support and comfort during slumber. Recognizing the profound connection between sound sleep and overall health, the market for innovative, top-quality pillows is experiencing robust growth.
The rapid growth of e-commerce has significantly boosted the pillow market. It allows consumers to explore a wide range of pillow options, read reviews, and compare prices online, leading to increased digital sales. Many companies leverage this trend by offering customization, letting customers tailor pillows to their preferences, including firmness and materials. This personalization enhances the shopping experience and drives sales as consumers seek pillows that match their unique preferences, further fueling market growth.
Economic instability and consumer price consciousness present substantial obstacles to the pillow market. Periods of economic uncertainty, including recessions and financial crises, can directly impact consumers' disposable income and their willingness to allocate funds to non-essential items such as pillows. In such times, consumers tend to postpone or altogether forego the purchase of new pillows, opting to prolong the use of their existing ones. Furthermore, price sensitivity continues to be a dominant factor, with consumers actively seeking cost-effective alternatives, given the abundance of budget-friendly options available.
The COVID-19 pandemic has exerted a dual influence on the pillow market. It spurred heightened demand for home comfort as individuals spending more time at home due to pandemic-related restrictions sought to enhance their sleep quality and overall well-being. Consequently, residential pillow surged, notably through the burgeoning e-commerce channel as online shopping gained prominence amidst social distancing measures. However, the pandemic also disrupted global supply chains, causing manufacturing and delivery delays, resulting in supply shortages and price hikes for certain pillow types. Additionally, the hospitality and travel industries, major consumers of pillows, experienced a downturn due to reduced occupancy rates and travel restrictions.
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The Pillow Market is marked by numerous major players competing for market dominance by employing strategic initiatives, technological advancements, and expanding their range of products.
August 2019: Serta Simmons Bedding, LLC (SSB) and Tuft & Needle (T&N / TN.com) have formally agreed to merge their operations, forming the foremost customer-focused conglomerate in the mattress and bedding industry. This merger combines the world's largest mattress manufacturer, marketer, and distributor with the original market disruptor and a prominent direct-to-consumer sleep product company in the United States.
April 2021: Hollander Sleep Products, a prominent supplier of bedding products in North America, has officially completed the acquisition of SureFit Home Décor, a renowned industry leader specializing in furniture covers, bed protection, and home décor. The specific terms of this transaction have not been disclosed to the public.
Top Companies Market Share in Pillow Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America is at the forefront of the Pillow Market. The region's well-established e-commerce infrastructure, coupled with consumer preferences for online shopping, has made it a leader in the market. The convenience of exploring a wide variety of pillow options, comparing prices, and reading reviews online has significantly contributed to North America's dominance. Furthermore, the trend of customization offered by many companies has resonated with North American consumers, enhancing their shopping experience and driving sales.
Asia-Pacific is experiencing the most rapid expansion in the Pillow Market. The region's growing middle-class population, increased disposable income, and a rising awareness of the importance of sleep quality have led to a surge in demand for pillows. E-commerce platforms have also gained substantial traction in Asia-Pacific, further boosting market growth by providing consumers with easy access to an array of pillow choices. As the region continues to prioritize sleep and well-being, coupled with the convenience of online shopping, Asia-Pacific is poised for exponential growth in the pillow market in the coming years.
The current report Scope analyzes Pillow Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Pillow Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Pillow Industry growth. Pillow market has been segmented with the help of its Material, Application Filling Material, and others. Pillow market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The 100% Cotton pillows are beloved for their breathability, hypoallergenic properties, and versatility, making them a consumer favorite. Since cotton is inherently hypoallergenic, 100% cotton pillows are a great option for people who have allergies or other sensitivities. Compared to pillows made of synthetic fabrics, they are less prone to harbour dust mites and other allergies.
The 100% Bamboo Fiber pillows, the fastest-growing segment, owe their popularity to eco-conscious consumers valuing sustainability. Bamboo's rapid renewability aligns with environmental preferences, and these pillows excel in breathability, moisture-wicking, and antimicrobial properties, appealing to those seeking both eco-friendliness and a healthy sleep environment.
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Decorative pillows enhance aesthetics while sleeping pillows provide vital comfort and support. Bedding pillows serve as versatile bedroom additions. Travel pillows offer essential neck and head support on the go. Massage pillows relax muscles with vibrating or kneading mechanisms. Specialized pillows address unique needs, including maternity and nursing.
Travel Pillows are the fastest-growing segment due to increased travel and the need for comfort during long journeys, providing essential neck and head support enhancing restfulness during flights, road trips, and train journeys.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Memory Foam pillows provide exceptional contouring support and pressure relief by adapting to the sleeper's unique shape, delivering personalized comfort. Hollow Fiber pillows offer versatility and affordability with their lightweight design, making them a top choice for budget-conscious shoppers.
Latex pillows are gaining popularity due to natural resilience and hypoallergenic properties, ensuringconsistent support and durability. Microfiber pillows offer plush comfort and hypoallergenic features for a luxurious, allergy-free sleep experience.
Square, U-Shape, Rectangular, Wave-shaped, and Round pillows each offer unique advantages. Square pillows are versatile and suitable for various sleeping positions, while U-Shape pillows provide specialized neck and shoulder support. Rectangular pillows are timeless and adaptable to bed sizes, and Wave-shaped pillows relieve pressure points.
Round pillows serve multiple purposes, from lumbar support to decoration. These pillows, with their targeted support and versatility, have surged in popularity, meeting specific comfort and neck support needs. They find applications in home, travel, and office settings, making them the fastest-growing segment in the market.
Therapy pillows provide therapeutic benefits like pain relief and sleep apnea treatment. Anti-static pillows address static electricity concerns, and anti-bacterial pillows ensure a hygienic sleep environment by inhibiting bacteria growth. Innovative features like adjustability and hybrid designs offer diverse choices.
Cooling pillows are the fastest-growing segment, meeting rising demand for better sleep comfort, especially in warm climates or for those with temperature-related sleep issues. Theses cooling pillows focus on temperature regulation, ideal for those prone to night sweats.
Research Analyst at Cognitive Market Research
I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
Sneha Mali is a research analyst working in various domains including the Consumer Goods, market research and transport & logistics and her primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. Her knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively.Sneha stay up-to-date with the latest research trends, methodologies, and technologies to ensure that her research is accurate, relevant, and impactful.
In her current role, Sneha is committed to continuous learning and staying abreast of emerging trends in research methodologies. Regular participation in workshops, webinars, and industry conferences ensures that her skills remain sharp and relevant. She have demonstrated ability to transform complex data sets into clear and concise narratives that inform key business strategies. Collaborating with cross-functional teams.Sneha remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Pillow Market is witnessing significant growth in the near future.
In 2023, the 100% Cotton segment accounted for noticeable share of global Pillow Market and is projected to experience significant growth in the near future.
The Decorative segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Tempur Sealy International Inc. , Hollander Sleep Products LLC and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Material | 100% Cotton, 100% Bamboo Fiber, 100% Silk, 100% Polyester, Other |
Application | Decorative, Sleeping, Bedding, Travel, Massage, Others |
Filling Material | Memory Foam, Hollow Fibre, Latex, Microfiber, Others |
Shape | Square, U-Shape, Rectangle, Wave, Round, Convex, Others |
Feature | Therapy, Cooling, Anti-Static, Anti-Bacteria, Others |
List of Competitors | Tempur Sealy International Inc., Serta Simmons Bedding LLC, Hollander Sleep Products LLC, Pacific Coast Feather Company, MyPillow Inc., Wendre AS, John Cotton Group Ltd., American Textile Company, Sleep Number Corporation, Kingsdown Inc. |
This chapter will help you gain GLOBAL Market Analysis of Pillow. Further deep in this chapter, you will be able to review Global Pillow Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Material Analysis 2019 -2031, will provide market size split by Material. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Material Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by Filling Material Analysis 2019 -2031
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Chapter 13 Market Split by Shape Analysis 2019 -2031
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Chapter 14 Market Split by Feature Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Pillow market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why 100% Cotton have a significant impact on Pillow market? |
What are the key factors affecting the 100% Cotton and 100% Bamboo Fiber of Pillow Market? |
What is the CAGR/Growth Rate of Decorative during the forecast period? |
By type, which segment accounted for largest share of the global Pillow Market? |
Which region is expected to dominate the global Pillow Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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