The bedding market is significantly affected by various factors, and there is huge development space for emerging brands such as Xinghang Xiaoshi.

2020-08-27


 People spend about one-third of their lives in bed, so sleep quality is highly valued. The choice of bedding is crucial for good sleep quality. Therefore, more and more people are focusing on high-quality bedding, leading to a surge in demand. quality Therefore, more and more people are focusing on high-quality bedding, leading to a surge in demand.

  Because bedding covers a wide consumer group, the demand is enormous. Furthermore, the booming development of China's economy, tourism, and film industry has provided even greater development space for the bedding market.

  The Impact of Economic Growth on the Bedding Market

  According to relevant statistics: China's total economic output exceeded 1 trillion yuan in 1986, 6 trillion yuan in 1995, and 50 trillion yuan in 2012. From 2012 to 2018, the average annual growth rate of China's economy was 7.0%. In 2019, the economic growth rate reached 6.1%, and the total economic output was close to 100 trillion yuan. This shows that China's economic development has been exceptionally rapid.

  With the continuous improvement of China's economic level, people's living environment has also improved, and the functional division of housing space has become more detailed. The bedroom, as the most important part of the house, and its related bedding have naturally received more attention from people, and the demand for bedding is expanding. Under the rapid economic development and the blue ocean market environment of bedding in China, many emerging bedding companies, such as Yixing Xiaoshi and Kaisheng Home Textiles, have emerged, and favorable market factors have given them many new development opportunities.

  The Impact of Tourism on the Bedding Market

  With the acceleration of China's economic development, more and more provinces and cities have achieved a per capita GDP of US$10,000. Due to the improvement of people's living standards, tourism and leisure activities have begun to flourish, and hotel bookings have increased significantly in recent years. For the hotel industry, bedding is an indispensable part. The rise of the tourism industry has also, to a certain extent, driven further growth in the demand for hotel and homestay bedding bookings, and has clearly opened up a new sales channel for the bedding market.

  The Impact of Film and Television on the Bedding Market

  Film and television dramas, movies, and variety shows are indispensable in disseminating consumer fashion consciousness, and film and television entertainment has become a part of contemporary people's lives, bringing people a lot of relaxation and joy after work and study. In recent years, family ethics dramas and modern dramas reflecting the current state of life have been particularly popular. In these modern dramas, the frequency with which bedding appears in everyday scenes is very high. The rendering and promotion of film and television have also aroused the desire to buy among a large number of viewers. Therefore, the new visual sales model of "same style as in the drama" and "same style as a celebrity" has also become a favorable factor in promoting the bedding market.

  In addition, according to relevant data: China has an average of 10 million couples getting married every year, and the number of new houses is increasing accordingly. Bedding market consumption is expected to reach 200 billion yuan this year. Therefore, there is still considerable market space in China's bedding market. However, what bedding companies need to think deeply about is that, at a time when the post-80s and post-90s generations are becoming the mainstream consumers, their consumption of bedding is no longer limited to product quality and function, but also strictly controls the appearance and style of products.

  Therefore, even in such a vast market development space, many emerging bedding brands, such as Yixing Xiaoshi, need to continuously adjust their development direction and keep up with the ever-changing needs of consumers in order to gain a foothold in the blue ocean market where opportunities and competition coexist.