Mattress market is valued at 32.25 billion USD in 2020 and should reach 51.45 billion USD by 2027 with the 6.90% CAGR during the forecast period.
Global Mattresses Market: Global Size, Trends, Competitive Analysis, History and Forecast, 2021-2027– The key factors for the growth of the mattress market are the expanding real estate sector with population growth and rapid urbanization, the increasing frequency of home improvement activities and the rise of the luxury mattress sector.
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Scope of Global Mattresses Market Report –
A mattress is a large rectangular cushion filled with cotton, foam rubber, or a coiled spring pattern. In addition, it can be filled with water, air, or a variety of natural fibers. It plays a vital role in providing the right support and comfort to the body, keeping the spine in a neutral position and facilitating sleep. Mattresses are usually placed on top of a box spring which can be solid, as in the case of a platform bed, or elastic, such as a box spring upholstered in wood and wire or a slatted base. For example, innerspring mattresses usually consist only of the innerspring core and the top and bottom layers of padding. The growing number of health conscious consumers is a key opportunity in the trends in the mattress industry. Additionally, with increasing disposable income, customers are willing to pay more for health-enhancing products. In addition, the increasingly busy schedule leads to mental fatigue and makes restful sleep essential. Thus, the increasing attention paid to quality sleep, mainly in developed countries, is promoting the adoption of high-end mattresses.
The global Mattresses market report is segmented on the basis of type, application, and regional and country level. Based on type, the global mattress market is categorized as spring mattress, foam mattress, latex mattress, and others. Based on the application, the mattress market is categorized 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. Based on the country level, the mattress market is subdivided into United States, Mexico, Canada, United Kingdom, France, Germany, Italy, China, Japan, India, Southeast Asia, GCC, Africa, etc. .
Key players for the mattress –
Global Mattress Market report covers top players such as 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.
Tempur Sealy announced Surface-Guard antimicrobial and antiviral technology for mattresses
September 22nd, 2020; Tempur Sealy International, Inc. has announced plans to introduce Surface-Guard Technology, an antimicrobial and antiviral technology that is expected to be included on select Sealy products from early 2021. EPA-registered antimicrobial technology kills 99% bacteria on mattress surfaces and, in tests, was also at least 99% effective against destroying viruses on textiles within five minutes. The Company is following the approval of claims for antiviral efficacy from the United States Food & Drug Administration and the Environmental Protection Agency.
The expanding real estate industry with population growth and rapid urbanization, the increasing frequency of home improvement activities and the boom in the luxury mattress sector are some of the major growth factors of the market.
The growth in the analysis of the Mattress industry is expected to be driven by several factors. The expanding real estate sector, along with population growth and rapid urbanization, are the main factors driving the demand for residential and commercial construction. According to the United Nations Department of Economic and Social Affairs, 68% of the world’s population is expected to live in urban areas by 2050. In addition, consumer preference for branded mattresses with changing lifestyles and increasing per capita disposable income has led to a gradual shift towards mattresses from well-known brands such as Serta and Tempur-Pedic. The growing demand from the real estate sector to meet residential needs has led to an increase in the trade of home furnishings such as mattresses, pillow cases and bed linen, thus supplementing the demand for the product. According to real estate statistics; by 2020, the real estate sector will be responsible for 22% of total commercial drone use. Additionally, 67.9% of Americans own a home in 2020. One of the major factors determining the global mattress market share is the growth of the healthcare and hospitality industries. In addition, the increasing frequency of home improvement activities and the increase in the luxury mattress segment is expected to drive the growth of the mattress market.
However, the high cost of manufacturing the mattresses may hamper the growth of the target market during the forecast period. Despite this, the increasing trend of selling luxury mattresses through company-owned and e-commerce websites can create huge opportunities for manufacturers and suppliers.
North America Expected to Dominate the Global Mattress Market
North America is expected to dominate the growth of the global mattress market due to rising household spending, strong growth in real estate and hospitality sectors and booming population rate in this region. . The growing demand from the real estate sector to meet residential needs has led to an increase in the sale of home furnishings such as mattresses, pillow cases and bed linen, thus increasing the demand for the product. The United States ranks among the best when it comes to housing. In the United States, the average adjusted household net disposable income per capita is $ 45,284 per year, well above the average of $ 33,604 per year, according to the Organization for Economic Co-operation and Development.
Europe is the second largest region in the global mattress market. In Europe, the increasing incidence of back problems caused mainly by painful sleeping surfaces is likely to play a major role in the growth of specialized mattresses such as air mattresses, water mattresses and mattresses based on water. of foam. Technological advancements such as the smart mattress which offers various features such as sleep tracking and other related features are driving the growth of the deliverable mattress in Asia Pacific.
Key Benefits for Global Mattresses Market Report –
- The global mattress market report covers in-depth historical and forecasting analysis.
- The Global Matress Market research report provides detailed information regarding market introduction, market summary, global market revenue (revenue in USD), market drivers, market restraints, market opportunities , competitive analysis, regional and national levels.
- The global Mattresses market report helps in identifying opportunities in the market.
- The global mattress market report covers an in-depth analysis of the emerging trends and competitive landscape.
Segmentation of the global mattress market: –
- Spring mattress
- Foam mattress
- Latex mattress
- Private households
By regional and national analysis:
- North America
- Asia Pacific
- South East Asia
- Latin America
- Middle East and Africa
- Rest of the Middle East and Africa
As the novel coronavirus (COVID-19) crisis takes over the world, we are constantly monitoring changes in the markets, as well as the industrial behaviors of consumers around the world and our estimates on the latest market trends and forecasts are made afterwards. examining the impact of this pandemic.
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Our market research solution provides you with an answer to the question mentioned below:
- What are the driving factors responsible for the growth of the market?
- What are the factors blocking this market?
- What are the new opportunities, by which market will develop in the years to come?
- What are the trends in this market?
- What are the main factors responsible for launching new products?
- What is the size of the global and regional market in terms of revenue, sales and production?
- How much will the market grow during the forecast period in terms of revenue, sales and production?
- Which region dominates the global market and what are the market shares of each region in the global market in 2019?
- How will each segment grow over the forecast period and how much revenue will these segments represent in 2027?
- Which region has the most opportunities?
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