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

North America Mattress Market Definition:

In past years, People used to buy cotton beds due to the introduction of rubber and latex cotton mattresses are converted into Foam mattresses. These factors created industrialization in sleeping mattresses, Modern Mattresses are made up of springs and foams and also natural substances like straw and feathers and they are filled with air, natural fibres and water.

 

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 major countries in North America i.e., US, Canada and Mexico. For each segment, the market sizing and forecasts have been done on the basis of value (in USD Billion).

 

 

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North America Mattress Market Dynamics:

One of the major drivers for the Mattresses market is the construction of single homes and nuclear families that are increasing the demand for the market through the forecast period. Currently, the need for renovation of home and interior designs is expected to drive the market through the forecast period. In recent years home renovations are increased by 59% thus, fuelling the demand for the market. Moreover, an increase in awareness among consumers of health-related products to practice a healthy lifestyle driving the market through the forecast period. The attitude of individuals to roll out little improvements in their living space for better wellbeing is a chance for the Mattress market. Manufacturers can take care of these individuals by planning preferred sleeping beds over previously. Memory Foam cushions and adaptive Mattresses are an area that can profit from this Opportunity.

 

The U.S. Mattress industry has seen a watershed during the COVID-19 pandemic, as the lockdowns in different states have stopped the assembling and supply of these items. Besides, an enormous number of individuals have lost their positions, while a few others have been dealing with diminished compensations. For this reason, individuals are zeroing in on buying just fundamental items, which has prompted a drop in the bedding interest in this period. the old population is most in Northern America. As per the report, in Northern America, more than one individual in five was aged 60 or over in recent years. The population of different districts are becoming older too. According to a similar report, the local population matured 60 years or over numbered 962 million every year, over two times as extensive as in 1980, when there were 382 million more older people across the district. The rise in the number of old consumers is increasing the interest in different medical services administrations and items, including clinical sleeping cushions, these factors are expected to drive the North America Mattress Market through the forecast period.

 

One of the significant difficulties that Factory made and the commercial sleeping mattress is the presence of natively constructed mattresses. A considerable number of poor people and common families go for handmade made mattresses. This hampers Mattress's Market Revenue through the forecast period. However, expectations for everyday comforts have upgraded throughout the long term, many individuals don't buy factory-made mattresses. Moreover, Homemade sleeping cushions are excellent and comfortable, and many consumers prefer to not switch over to the Factory-made mattress. Thus, these factors are expected to hinder the North America Mattress Market through the forecast period.

 

North America 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 it is expected to grow at the highest CAGR through the forecast period by acquiring a 15.1% market share. The demand for the segment is due to an increase in the hotel industry and a rise in purchasing power.

 

 

By Application, the Mattress Market is segmented under Household, Healthcare, and Hospitality. The hospitality segment is expected to dominate the market through the forecast period. The household segment is expected to grow at Highest CAGR through the forecast period as the increase in nuclear families is expected to increase the demand for the market the forecast period.

 

North America Mattress Market Regional Insights:

Based on the regional analysis the USA country dominates the market and is expected to grow and increase the demand for the market through the forecast period. Mexico holds the lowest market share but it is expected to grow significantly through the forecast period by acquiring a market share of 10% and a value of 1.38 through the forecast period.

 

Over the next few years, North America is likely to remain a very attractive market for vehicle Mattress Market.  The growth of this market can be attributable to the United States' high per capita automobile ownership, as well as its high per capita income. Commercial vehicles, such as big trucks, as well as construction and agricultural machinery, are all popular in North America. The majority of the automobiles in this area have electro-hydraulic power steering.

 

Every new vehicle sold in Canada comes with power steering. Automobile manufacturers in the country are progressively offering vehicles with electric powertrains, as well as hybrid vehicles that combine electric and hydraulic powertrains. Canadian automakers are pioneering the development of game-changing automobile innovations.

 

North America Mattress Market Key Players Insights:

The objective of the report is to present a comprehensive analysis of the Global North America Mattress Market to the stakeholders in the industry. The report provides trends that are most dominant in the Global North America 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 North America 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 North America 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 North America 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 North America 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 North America Mattress Market. The report also analyses if the Global North America 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 North America Mattress Market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Global North America Mattress Market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Global North America Mattress Market is aided by legal factors.

 

North America Mattress Market Scope:

North America Mattress Market
Market Size in 2023	USD 14.58 Bn.
Market Size in 2030	USD 20.52 Bn.
CAGR (2024-2030)	5%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	By Product Innerspring Memory Foam Latex Others (Gel, Hybrid, Air, and Water)
	By Application Household Healthcare Hospitality
	By Size Twin Full Others
	By Geography United States Canada Mexico

 

North America Mattress Market Key Players: 

• Tempur-Pedic International Inc
• Serta Inc
• Derucci
• Simmons Bedding Company LLC
• Hilding Anders
• Rectice
• Spring Air Company
• MLILY
• Select Comfort
• Ruf-Betten
• Kingsdown Inc
• Corsicana
• Southerland Bedding Co
• Sleemon
• Bed Holdings Co. Ltd
• Pikolin
• Kurlon Enterprise Ltd
• Airland