Smart Duvet Market To Grow With Demands For Self-Making Beddings
Growing technological advancement and investments facilitate the growth of the Global Smart Duvet Market.
According to TechSci Research report, “Smart Duvet Market - Global Industry Size,
Share, Trends, Opportunity, and Forecast, 2017-2027” Global smart duvet market is anticipated to register an
impressive growth with a CAGR during the forecast period, 2023-2027, due to surge
in the demand for the technologically advanced smart bedding products. With the
increasing demand for self-heating comforters and self-cooling beds, smart
duvet finds a mid-way through the consumer preferences. The product is highly
influential being marketed as couple comforter. With a partner looking for
warmer bedding while choice and preferences of another is for cooler
comforters, smart duvet are preferably a boon. With varied lifestyle and
concerns for the personal preferences being honored, the demand for the smart
duvet further increases and supports the growth of the global smart duvet
market in the upcoming five years. The smart duvet currently ruling the market
are smart phone compatible. With increasing usage of smart devices, internet of
things and artificial intelligence in various consumer retail products further
add to the growth of the global smart duvet market in the next five years.
Difference in the lifestyles of the
couples, along with highly advanced smart bedding product substantiate the
growth of the global smart duvet market in the future five years. Moreover,
rising disposable income among the population also drive the growth of the
global smart duvet market in the forecast years through 2027. Lavish
lifestyles, demands for premium beddings and related products in hotels,
motels, and hospitals along with the expanding customer services and
hospitality industry also aid the growth of the global smart duvet market in
the forecast period.
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Global Smart Duvet Market"
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The global smart duvet market
segmentation is based on end use, distribution channel, regional distribution,
and competitive landscape. Based on end use, the market is bifurcated between
household and commercial. Household end use of the smart duvet is anticipated
to hold the largest revenue shares of the market and dominate the market
segment in the upcoming five years due to increasing disposable income and
family finances. Demand for lavish lifestyle and higher inclination toward couple
friendly beddings, technological advancement further drives the growth of the
global smart duvet market in the next five years. Commercial segment is also
anticipated to hold significant growth in the future years due to increasing
tourism and growing demands for premium hospitality services. Surge in the
demands from the commercial sector like hotels, premium hospitals adds to the
growth of the global smart duvet market in the future five years. Growing
medical tourism, and pleasurable tourism further enunciates the growth of the
global smart duvet market in the forecast years.
By distribution channel, the market is
also differentiated between retail and non-retail channels. Retail distribution
channel is anticipated to hold the largest revenue shares of the market and dominate
the market segment in the upcoming five years on the grounds of surge in the
sales from the supermarket/hypermarkets. Increasing development of the
localized stores offering the products and accessible repair and servicing for
the product also facilitates the growth of the segment along with the growth of
the global smart duvet market in the next five years. Non-retail segment may
also register significant growth in the future five years owing to the limited
number of market players in the industry. Growing popularity of the product has
created a monopoly of SmartDuvet company and acts as a potential growth factor
for the growth of the global smart duvet market in the forecast years.
Some of the market players, dominating
the global smart duvet market are:
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“The market analysis also studies the
regional segmentation, divided among Asia-Pacific region, North American
region, European region, and South American region. North American region may
hold the largest revenue shares of the market and dominate the regional
segmentation in the upcoming five years due to increasing sales of the smart
duvets in the large economies like the United States and Canada. Rising
disposable income among the population and growing inclination toward lavish
lifestyle also fuels the growth of the market in the United States thus supporting
regional growth of the global smart duvet market. Also, the European region is
expected to hold significant shares due to rising demand for the product from
the commercial sector in the economies such as Switzerland. Expanding
commercial sector in the country along with the surge in the demand from the
premium hospitals for the smart duvets substantiate the growth of the market in
the Europe region,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Smart Duvet Market -
Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented
By End Use (Household, Commercial), By Distribution Channel (Retail,
Non-Retail), By Region”, has evaluated the future growth potential of global smart duvet and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in global smart duvet market.
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