Mattress Market: Global Industry Analysis and Forecast (2024-2030) Trends, Statistics, Dynamics, Segmentation by Product, Application, Size, and Region

Mattress Market Definition:

Further, the Mattress Market is segmented By Product, By Application, By Size and geography. On the basis of Product, the Mattress Market is segmented under Innerspring, Memory Foam, Latex, Others (Gel, Hybrid, Air, and Water). Based on the Application, the Mattress Market is segmented under Household, Healthcare, Hospitality. On the basis of Size, Twin, Full, Others. By geography, the market covers the following Regions: North America, Europe, Asia-Pacific, South America, and Middle East & Africa. For each segment, the market sizing and forecasts have been done on the basis of value (in USD Billion).

 

Mattress Market Dynamics:

The Mattress Market is expected to increase through the forecast period. As there is an increase in demand for luxury products and an increase in purchasing power supporting the market growth in developing countries. And the change in consumer behaviour regarding using the mattress as a social status driving the market. At the domestic level and micro level, various domestic players introduce innovative products to gain the attraction of the consumers. Moreover, various new product launches in recent years are expected to increase the market through the forecast period. The innovative products provide various features such as an all-night cooling effect by the TEMPUR- Breeze product range it is introduced by Sealy international US-based company Known as Tempur Sealy international. These marketing strategies are expected to boost the market growth through the forecast period.

 

 

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The COVID 19 pandemic showed a significant impact on the manufacturing of the products as due to government stringent restrictions the manufacturing of the Mattress products was hindered due to lockdown restrictions moreover, disruption of supply chain management the transportation of products was stopped. Thus, the manufacturers were forced to cut the prices of the products which resulted in a downfall in margins and delayed product lunches. But currently, as the restrictions are easing and manufacturers have started their productions. Thus, it is expected to recover the losses and increase the market growth through the forecast period. Further, the tension between countries like China and Australia due to trade protectionist measures is expected to hinder the market growth through the forecast period. Post-COVID 19 many major companies are introducing various strategies to attract more consumers to increase the revenue.

 

Moreover, advancements in technologies and the use of artificial intelligence increase the quality and quantity of the product. The personalized marketing campaigns are expected to increase the awareness of the product among the consumers through the forecast period. The emergence of online retail channels opened a new way of shopping for consumers. The wide range of variety and ease of using expected to increase the opportunities for the market through the forecast period. The increase in awareness about health created in COVID 19 period shifted the consumer behaviour to purchase health-related products.

 

The market for mattresses is increasing. One of the major reasons for the increasing demand is customizable mattresses which are attracting consumers' attention consistently. The major companies are offering various options to the consumers to customize the mattress according to their requirements such as height, firmness options and toppers. In recent years many key companies introduced various innovative products to gain attraction and brand reputation. For instance, the Indian company introduced the cocoon mattress under the sleep well brand. These types of companies provide various customization according to comfort options. And also provide rearrangement of foams to adjust the comfort and consumer preference. Major companies also provide flexibility to choose the level of firmness to the consumers thus, attracting the consumers and increasing the demand for the market through the forecast period. The increasing customizable and custom-made products are expected to support the Mattress Market through the forecast period.

 

The increase in housing and rise in the construction sector linked with the increasing purchasing power of consumers on bedding products and home furnishing is expected to drive the mattress market through the forecast period. The rise in several nuclear families and the trend for a separate room for every family member are expected to boost the demand for the market through the forecast period. According to MMR research, the demand for the product is increased by 20 % to 35 % in recent years. Further, a rise in awareness related to the health benefits of using mattresses for better sleep is expected to increase the demand for the market. The changing lifestyle, a shift in eating habits, and busy schedules which resulted in sleep-related issues among the majority of people are increasing in recent years. The product's comfort and quality provide better sleep and health benefits to the consumers.

 

These factors are expected to increase the demand for the market through the forecast period. These products are advertised and promoted by various organizations such as the better sleep council and the International sleep products association. Moreover, the key players are increasing their attention towards creating various strategies to increase the demand for sleep-related products. These are the factors that are expected to increase the market growth through the forecast period. The sleeping mattress product lifespan is about 7 to 10 years and consumers' preference for a higher lifespan is expected to hinder the market through the forecast period. The new start-ups and new companies are facing competition from major companies that are already established. Thus, this competition among the new and established players is expected to Impact the market negatively. The poor repeat purchase rate due to high competition is expected to hinder the market through the forecast period.

 

Mattress Market Segment Analysis:

By Product, the Mattress Market is segmented under Innerspring, Memory Foam, Latex, and Others (Gel, Hybrid, Air, and Water). The Innerspring segment is expected to dominate the market through the forecast period and the Hybrid type is expected to grow at the highest CAGR during the forecast period. These types of mattresses are widely used in various regions due to their higher availability, lifespan and product quality.

 

 

By Application, the Mattress Market is segmented under Household, Healthcare, and Hospitality. The household segment is expected to dominate the market through the forecast period and the commercial type such as hospitality and health care are expected to recover the market through the forecast period. The increase in disposable incomes and awareness about health and sleep-related issues created the growth of the market. 

 

Mattress Market Regional Insights:

Based on the regional analysis, the North American region is expected to dominate the market through the forecast period. As consumers are attracted to buying luxury items and premium quality products. According to MMR research the average North American consumers buy new mattresses when the previous one is not able to give comfort, which increases the demand for the market. The Europe region is gaining growth due to the rise in the travel and tourism industry. The Asia Pacific region is expected to grow at the highest CAGR through the forecast period.

 

Mattress Market Key Players Insights:

The market is characterized by the existence of a number of well-known firms. These companies control a large portion of the market, have a wide product portfolio, and have a global presence. In addition, the market comprises small to mid-sized competitors that sell a limited variety of items, some of which are self-publishing organizations.

 

The market's major companies have a significant impact because most of them have extensive global networks through which they can reach their massive client bases. To drive revenue growth and strengthen their positions in the global market, key players in the market, particularly in North America and Europe, are focusing on strategic initiatives such as acquisitions, new collection launches, and partnerships.

 

The objective of the report is to present a comprehensive analysis of the Global Mattress Market to the stakeholders in the industry. The report provides trends that are most dominant in the Global Mattress Market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the Global Mattress Market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.

 

The qualitative and quantitative data provided in the Global Mattress Market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the Global Mattress Market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the Global Mattress Market.

 

The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals exist, who they are, and how their product quality is in the Global Mattress Market. The report also analyses if the Global Mattress Market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly, if the market is dominated by a few players, etc.

 

The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Global Mattress Market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Global Mattress Market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Global Mattress Market is aided by legal factors.

 

Mattress Market Scope:

 

Global Mattress Market		Market Segmentation
Market Indicators:	Details	by Product	Innerspring Memory Foam Latex Others (Gel, Hybrid, Air, and Water)
Historical Data:	2018-2022	By Application	Household Healthcare Hospitality
Forecast Period:	2024-2030	By Size	Twin Full Others
		by Region	Europe Asia Pacific Middle East and Africa South America North America
Base Year:	2023
CAGR:	7.8 %
Market Size in 2023:	USD 37.18 Billion
Market size in 2030:	USD 62.90 Billion

 

 

Mattress Market Key Players:  

• Simmons Bedding Company
• Sealy Corporation
• LLC
• Kaiserkorp Sdn.Bhd. (King Koil)
• Owen & Company Limited (Kingsdown Inc.)
• Comfur Mattresses
• Englander Mattress
• Sleep Number
• Puffy Mattress
• Kingsdown Inc
• Sleep Number Corporation
• Serta Simmons Bedding LLC
• Tempur Sealy International Inc
• Relyon Ltd
• Southerland Inc