Report ID: SQMIG25E2069
Report ID:
SQMIG25E2069 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
63 |
Figures:
75
North America asserted its market dominance, capturing a significant revenue share of 50.2%. This achievement is primarily attributed to the region's frequent encounters with chilly temperatures, compelling individuals to seek warmth and comfort, especially in rooms and beds to ensure restful sleep. Notably, Canada experiences extreme cold during the winter, with temperatures plummeting to -40 degrees Celsius. Furthermore, the mounting prevalence of lower back pain among Canadian consumers has elevated the significance of heated bedding, positioning it as a therapeutic measure within the mattress realm. This trend, in turn, has fueled the demand for heated mattress pads in the region. A report by the Canadian Chiropractic Association revealed that 5 out of 10 people in Canada suffered from lower back pain within a six-month period.
Conversely, the Asia Pacific region is poised for rapid growth, projecting an impressive Compound Annual Growth Rate (CAGR) of 6.1%, with an estimated revenue of USD 71.6 million. The region's vigorous infrastructural development, particularly evident in emerging powerhouses like India and China, is facilitating escalated investments across various sectors, most notably the hospitality domain encompassing hotels and hospitals. The World Travel & Tourism Council (WTTC) reported a direct contribution of around USD 714.0 billion to the region's economy through travel and tourism. This robust scenario is expected to catalyze demand for superior bedding products, consequently propelling the integration of heated mattress pads within the commercial sectors.
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Report ID: SQMIG25E2069