The global sleep mask market size is expected to reach USD 18.6
million by 2025, expanding at a CAGR of 4.2%, according to a new report by
Grand View Research, Inc. The rising prevalence of sleeping disorders on
account of fluctuating climate patterns and hectic lifestyle is expected to
expand market scope. For instance, the people in U.S., Canada, U.K., Ireland,
France, Italy, Turkey, Singapore, China, Indonesia, and India often suffer from
this disorder. Furthermore, the progress of the travel and tourism industry on
a global level has been contributing to the growth of the market. The product
has gained significant importance among travelers as it assists to induce sleep
during long travel hours. Over the past few years, the number of international
travelers has grown considerably. Increasing penetration of economical flights
along with rising purchasing power of consumers has been supporting this
growth.
Asia Pacific is projected to witness a CAGR of
over 5.0% from 2019 to 2025. The development of the tourism industry has been
fueling demand for the product in countries including China, India, Indonesia,
Vietnam, and Philippines. Osaka, Chengdu, and Colombo are the fastest growing
tourist destinations in this region. Rising number of middle-class population
has fastened the growth of the tourism industry in Asia Pacific. This
development is expected to create an opportunity for the product in the near
future.
In terms of distribution channels, the online
segment is expected to expand at the fastest growth rate, growing at a CAGR of
4.9% from 2019 to 2025. The constant advancements in the e-commerce industry
such as multiple payment options, hassle-free delivery, and easy return policy,
have been boosting the online sale of the product. In addition, increasing
penetration of smartphones and online retailers in the emerging nations of this
region is anticipated to augment the growth of this distribution channel in the
near future. Manufacturers have been emphasizing on e-commerce to expand their
reach. For instance, in June 2019, Earth Therapeutics introduced a new website
in order to improve consumers’ shopping experience.
The key sleep mask manufacturers include Dream
Essentials, LLC; Alaska Bear; Sleep Master; LC Industries, Inc.; HappyLuxe;
Earth Therapeutics; Sonoma Lavender Co.; LumosTech, Inc.; Nidra Goods;
EcoTools; Bedtime Bliss; Napiform; and PrettyCare. The companies including LC
Industries, Inc.; HappyLuxe; and LumosTech, Inc. have product portfolio, which
exclusively caters to the travel and tourism industry.
For full research report on Sleep Mask Market
visit here:
https://www.grandviewresearch.com/industry-analysis/sleep-mask-market
Further key
findings from the report suggest:
- Offline channels
dominated the market, contributing over 75.0% of the global revenue in
2018 as they provide a choice of physical verification prior to any
purchase
- Asia Pacific is expected
witness fastest market growth, at a CAGR of 5.9% from 2019 to 2025. The
growing tourism industry in China, India, Sri Lanka, and Maldives is
expected to prompt the hotel owners to increase spending on various
consumables including sleep masks
- North America
dominated the market in 2018, accounting for more than 60.0% share of the
global sleep mask market revenue
- The market revenue
from online channel is expected exhibit a CAGR of 4.9% from 2019 to 2025
- Contoured masks are
expected to exhibit fastest market growth, at a CAGR of 4.6% from 2019 to
2025, as they provide complete darkness and space for eyelash and eye
lids.
Get request sample of this report here: https://www.grandviewresearch.com/industry-analysis/sleep-mask-market/request/rs1
Grand View
Research has segmented the global sleep mask market on the basis of product,
distribution channel, and region:
Sleep
Mask Product Outlook (Revenue, USD ‘000, 2015 - 2025)
- Regular
- Contoured
- Wrap Around
- Others
Sleep
Mask Distribution Channel Outlook (Revenue, USD ‘000, 2015 - 2025)
- Offline
- Online
Sleep
Mask Regional Outlook (Revenue, USD ‘000, 2015 - 2025)
- North America
- U.S.
- Europe
- Germany
- U.K.
- Asia Pacific
- China
- Japan
- Central & South
America
- Brazil
- Middle East &
Africa
- UAE
About Grand View Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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