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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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:
- Smartduvet
- Komfie
- SöMN
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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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