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Global Memory Foam Pillow Market to Rise at CAGR of 7.01% Between 2019 and 2026, Predicts QY Research

Author: QYResearch  |   Published Date: 2019-09-10   |   Views: 24


QY Research recently published a report, titled, “Global Memory Foam Pillow Market Report, History and Forecast 2014-2026”. The report analyses the global memory foam pillow market by using primary and secondary research methodologies. The research report includes an analysis the various aspects of the market that are expected to determine its trajectory.  The report discusses the market size, drivers and restraints, segment analysis, key players, geographical segments, and competitive landscape.


In 2018, the global memory foam pillow market size was increased to US$1979 mn from US$1644 mn in 2014, and is expected to register US$3162 mn by 2026, rising at CAGR of 7.01% between 2019 and 2026.


Global Memory Foam Pillow Market: Drivers and Opportunities


The global memory foam pillow market recently registered a surge of sales in sleeping products market. The major drivers of the memory foam pillow market are the benefits it provides over the traditional pillow. Memory foam pillow provides health benefits like improved body posture, cooling comfort, and reduces heating during sleep. There is a rising demand of pillows to provide better sleep along with other health benefits that come as a part of sound sleep. This demand has encouraged manufacturers towards increasing production of latex pillow and innerspring pillow.


There is also a new trend of packaged compressed pillows, which has increased the sales of memory foam pillow market. This ensures handling convenience as it reduces the need for storage, maintaining inventory, and reducing the overall cost of pillows. Several other revolutions like gel-infused and plant-based products are also gaining popularity. These memory foam pillows offer enhanced sleeping experience along with innovative designs.


The increased focus on memory foam pillow by consumers as healthy alternatives is expected to drive the market growth. The increasing sales of pillows with high functionality and comfort have also created lucrative opportunities for the global memory foam pillow market.


Global Memory Foam Pillow Market: Segment Analysis


The global memory foam pillow market is divided into two segments, type and application. The type segment include adult pillows, and kid pillows. The segment for end users/application include household, and commercial.


Global Memory Foam Pillow Market: Geographic Outlook


The top companies in the U.S. are launching new and innovative products to meet consumer’s needs. The report studies all the regions holding shares in the market. The various regions include North America (United States, Canada and Mexico), Europe (Germany, UK, France, and Italy), Asia-Pacific (China, Japan, Korea, and India), Russia, South America, Middle East and Africa are also analysed in the report.


Global Memory Foam Pillow Market: Key Players


The major manufacturers in the global memory foam pillow market analysed in the report are Nishikawa Sangyo, Hollander, Wendre, MyPillow, Beyond Home Textile, Pacific Coast, Your Moon, Pacific Brands, AiSleep, John Cotton, Paradise Pillow, Magniflex, Comfy Quilts, Tempur Sealy, PENELOPE, Comfort Revolution, Luolai, PATEX, Latexco, Fuanna, Baltic Fibres Oü, Czech Feather & Down, Shuixing, Noyoke, Dohia, Mendale, Southbedding, Jalice, Yueda Home Textile, and HengYuanXiang.


Global Memory Foam Pillow Market: Competitive Landscape


Tempur Sealy has announced a strategic partnership with Fullpower Technologies. The companies share the same vision to enhance customers' sleep experiences through continued innovation. Tempur-Pedic, along with its partner has recently unveiled Tempur-Ergo Smart Base Collection powered by sleep tracker AI. This platform is designed and innovated by Fullpower Technologies. The integrated system’s personalized sleep analytics may help people sleep more comfortably.


The integration of sleeping products with AI technologies are expected to not only drive the market growth but also bring about innovation in the field of sleeping products. This stratergic acquisition is expected to retain their shares and increase competition in the global memory foam pillow market. 


Full Report Overview@ https://www.qyresearch.com/index/detail/1243628/global-memory-foam-pillow-market

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