Duvet Market is expected to remain steady, with a volume CAGR of nearly 3% over 2019-2029

Persistence Market Research delivers key insights on the global duvet market, in its latest report titled, ‘Duvet Market: Global Industry Analysis 2014-2018 and Forecast 2019-2029’. The demand for duvets across globe is expected to remain steady, with a volume CAGR of nearly 3% over 2019-2029.

Urbanization has played a vital role in the development of the hospitality sector across the globe. Steady growth in developing economies is expected to drive activities in the hospitality and service sector. Across the globe, a positive outlook of the hospitality and service sector is expected to significantly create growth opportunities for the global duvet market during the forecast period. In emerging economies, the hospitality sector is growing, not only in terms of development of hotels or places to visit, but also as a potential of source market of new guests.

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According to the Office of National Statics, the total turnover of the U.K. hospitality industry reached US$ 117.3 Bn in 2017, up from US$ 93.9 Bn in 2015. The growing hospitality and service sector caters to the expansion of the travel and tourism industry, increasing the demand for hotels, thereby leading to huge investments in the field of hotel development, as such, raising the demand for a luxurious feel in hotels. Additionally, the growing tourism industry in emerging economies is increasing the number of hotels to cater to the needs of travellers. Such factors are projected to create significant growth opportunities in emerging economies across the globe.

Duvet Market: Segmentation Analysis

Duvet Market Analysis by Material Type

Based on material type, the global duvet market is segmented into cotton, silk, linen, and polyester. Polyester and cotton are widely used in the manufacturing of the duvet bag. These segments are projected to hold prominent market shares in the global duvet market throughout the forecast period. In terms of value, the cotton segment is expected to be a very lucrative segment throughout the forecast period, whereas, in terms of volume, the polyester segment is projected to hold a prominent share in the global duvet market during the forecast period.

Duvet Market Analysis by Bed Type

Based on ##, the global duvet market is segmented into single bed, double bed, queen size, and king size. In terms of bed type, double bed and queen size duvets are projected to hold a significant share in the global duvet market during the forecast period.

Globally, the duvet market is predominantly driven by the growth of travel and tourism activity as well as the hospitality sector. The travel and tourism industry significantly contributes to global GDP. Governments of major economies are continuously working on the development of hospitality services and tourist places in their regions to increase tourism.

Duvet Market Analysis by Sales Channel

Based on sales channel, the global duvet market is segmented into online and offline. The offline segment is further divided into supermarkets, hypermarkets, and retail. Under the offline sales channel, the retail sales segment is expected to hold a prominent share in the global duvet market during the forecast period.

The online sales channel is projected to experience high growth during the forecast period, owing to high traction of the e-Commerce industry across the globe.

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Companies covered in Duvet Market Report

Company Profiles:

Sheela Foam Limited
Hanesbrands Inc.
ohn Cotton Group Ltd.
DYKON A/S
Hollander Sleep Products
Duvet Pillow & Linen Co.
Pownall & Hampson
Old Europe Duvet Company
Dreamwise
Aziz Sons