Bizizz Market Research has recently published a research report, “Sleep Mask Market by Product Type (Regular, Wrap Around, Contoured and Others), Distribution Channel (Online and offline), Application (Precision Agriculture, Retail, and Media & Entertainment), Component, and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Sleep Mask Market was valued at US$ XX Bn in 2018 and it is anticipated to reach at market value of US$ 24.5 Mn by 2027, witnessing a CAGR of 6.2 % during the forecast period. Key drivers of the market are increased number of sleep disorders and tours and travels industries are stimulating the growth of sleep mask market.
The growth of sleep mask market is associated with the increased sleep disorder affected patients because of the changes in the lifestyle of individuals. Moreover the market growth is attributed to the plunging tours and travel industry in boosting the sleep mask products in the recent years. The contribution of aviation industry is also high for the surging of sleep mask market and is anticipated to growth during the forecast period.
The Sleep Mask market is anticipated to register a CAGR of over 6.2% during the forecast period.
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By Product, Regular sheet mask segment held a prominent share in Global Sleep Mask Market in 2018.
The demand for the regular sheet mask products is high among the customers globally that could protect the customers from bright lights and create darker environment to the end-users. The demand for these regular contoured sleep masks is exponentially increasing in the recent years contributing to the end-user demand.
By distribution channel, Online Segment of Global Sleep Mask Market Is Anticipated To Witness the Fastest CAGR during the Forecast Period.
The main source of sales associated with the sleep mask products is online mode of distribution channel. This could be attributed to the customers inclination towards the online purchasing activities shall increase the market growth of sleep mask products. The growing E-commerce modes is having substantial advantages that could be availed by the customers globally. Such trends in the market are supporting the growth of sleep mask market.
North America is Anticipated to Dominate the Global Sleep Mask Market during the Forecast Period.
The North American region is observing leading in the sleep mask market by a rise in the individuals associated with the sleep disorder. However, the sleep masks are also being highly being demand by the tours and travels industries as this region is known as the travel destination by the individuals globally.
Global Sleep Mask market was highly fragmented among the number of local and global players. The market has high competency among the organizations by the presence of various manufacturers in the recent years.
Prominent players operating in the Global Sleep Mask Market are: Bedtime Bliss, PrettyCare, Dream Essentials, Sleep Master, Nidra Goods, LC Industries, Inc., Alaska Bear, EcoTools, HappyLuxe, LumosTech, Inc., Earth Therapeutics, Napiform and Sonoma Lavender Co., among others.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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