Mattress Market is valued at USD 32.25 Billion in 2020 and expected to reach USD 51.45 Billion by 2027 with the CAGR of 6.90% over the forecast period.
Global Mattress Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027- The key factors driving the growth of the mattress market are the expanding real estate industry with population growth and rapid urbanization, rising frequency of home renovation activities and rise of luxury mattress sector.
A mattress is a large rectangular pad filled with cotton, foam rubber or a planning of coiled springs. Also, it can be filled with water, air or a variety of natural fibers. It plays a vital role in giving the right support and comfort to the body, keeping the spine in a neutral position and facilitating sleep. Mattresses are generally placed on top of a bed base which may be solid, as in the case of a platform bed, or elastic, such as an upholstered wood and wire box spring or a slatted foundation. For instance, innerspring mattresses commonly consist of just the spring core and the top and bottom upholstery layers. The growing number of health-conscious consumers is a key opportunity in the mattress industry trends. Additionally, with the rising disposable income, customers are willing to pay more for health-enhancing products. Furthermore, the increasingly busy schedule of people is causing mental tiredness and making sound sleep a necessity. Thus, the increasing focus toward quality sleep mainly in developed countries is fostering the adoption of premium mattresses.
Global Mattress market report is segmented on the basis of type, application and regional & country level. Based upon type, global mattress market is classified as innerspring mattress, foam mattress, latex mattress and others. Based upon application, the mattress market is classified into private households, hotels, hospitals and others.
The regions covered in this Global Mattress market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Mattress is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Global Mattress market Report covers prominent players are like Serta Simmons Bedding, Tempur Sealy International, Sleep Number, Hilding Anders, Corsicana, Ruf-Betten, Recticel, Derucci, Sleemon, MLILY, Therapedic, Ashley, Breckle, King Koil, Pikolin, Mengshen, Lianle, Airland and others.
September 22nd, 2020; Tempur Sealy International, Inc. announced plans to introduce Surface-Guard Technology, an antimicrobial and antiviral technology expected to be included on select Sealy products beginning in early 2021. The EPA-registered antimicrobial technology kills 99% of bacteria on mattress surfaces and, in testing, has also shown to be at least 99% effective against killing viruses on textiles within five minutes. The Company is following antiviral-efficacy claims approval from the U.S. Food & Drug Administration and Environmental Protection Agency.
The growth of the mattress industry analysis is expected to be driven by several factors. The expanding real estate industry with population growth and rapid urbanization are the major factors driving the demand for residential and commercial construction. According to the UN Department of Economic and Social Affairs, 68% of the world population projected to live in urban areas by 2050. In addition, consumer preference for branded mattresses with changing lifestyles and increasing per capita disposable incomes has led to a gradual shift toward mattresses from well-known brands such as Serta and Tempur-Pedic. Rising demand from the real estate sector to serve the residential needs has led to an increase in the trade of home furnishings such as mattresses, pillowcases and bed linen thus, hence supplementing the demand for the product. According to Real Estate Statistics; by 2020, the real estate industry will be responsible for 22% of the total commercial drone usage. Also, 67.9% of Americans own a home in 2020. One of the major factors driving the global mattress market share is the growth of the healthcare and hospitality industries. In addition, rising frequency of home renovation activities and rise of luxury mattress segment are expected to drive the growth of mattress market.
However, the high cost of manufacturing mattresses may hamper the growth of target market over the forecast period. In spite of that, increase in trend of selling luxury mattresses through company-owned websites and e-commerce websites may create huge opportunity for manufacturers and suppliers.
North America is expected to dominate the growth of the global mattress market owing to the rising household spending, high growth in real estate and hospitality sectors and booming population rate in this region. Rising demand from the real estate sector to serve the residential needs has led to an increase in the sale of home furnishings such as mattresses, pillowcases and bed linen thus, thereby expanding the demand for the product. The United States grades at the top in housing. In the United States, the average household net-adjusted disposable income per capita is USD 45 284 a year, much higher than the average of USD 33 604 a year, according to the Organization for Economic Co-operation and Development.
Europe is second largest region in the global mattress market. In Europe, increased incidences of back problems caused mainly by painful sleeping surfaces are likely to play a major role in the growth of specialty mattresses such as airbed, waterbed, and foam-based mattresses. Advancements in terms of technology such as smart mattress that proposals various functionalities such as sleep tracking and other related features are driving the growth of the deliverable mattress in Asia Pacific.
Mattress Market Report Coverage
|Market Size in 2019:
|US$ 30.17 Billion
|Market Historical Analysis:
|Forecast Period CAGR %:
|Market Size Expected to reach in 2026:
|US$ 48.12 Billion
|Tables, Charts & Figures:
|Serta Simmons Bedding, Tempur Sealy International, Sleep Number, Hilding Anders, Corsicana, Ruf-Betten, Recticel, Derucci, Sleemon, MLILY, Therapedic, Ashley, Breckle, King Koil, Pikolin, Mengshen, Lianle, Airland
|North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa
Key Benefits for Global Mattress Market Report–
By Regional & Country Analysis:
Middle East and Africa
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