Global Mattress Market Size Was Valued at USD 84.34 Billion In 2022 And Is Projected to Reach USD 141.69 Billion By 2030, Growing at A CAGR of 6.7% From 2023 To 2030.
Market Overview:
A introspectivemarketresearch.com/reports…ess-market is a large, usually rectangular pad for supporting a lying person. It is placed on top of the bed base and consists of heavy cloth that contains materials such as straw, hair, cotton, foam rubber, or a framework of metal springs.
It is also filled with air or different natural fibers like futons. The mattress word comes from Arabic, it means something thrown down or a place where something is thrown down.
At the time of the Crusades, European people adopted the Arabic method of sleeping on a kneeler or cushions on the floor and the materials word descended into Middle English ultimately via Roman languages. Mattresses are immensely helpful pieces of furniture and provide the most comfortable sleep.
The rising incidence of back and posture-related problems support the increase in the demand for a mattress, which helps the growth of the market.
Top Key Players in the Mattress Market:
Casper Sleep Inc. (New York, United States), Corsicana Bedding Inc (Dallas, United States), Innocor Inc (Red Bank, United States), King Koil (Willowbrook, United States), Kingsdown Inc (Mebane, United States), Paramount Bed Co. Ltd (Tokyo, Japan), Relyon Limited (Wellington, United Kingdom), Restonic Mattress Corporation (Buffalo, United States), Serta Simmons Bedding LLC (Atlanta, United States), Silentnight Group Ltd (Preston, United Kingdom), Sleep Number Corporation (Minneapolis, United States), and Other Major Players.
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The Report Will Include A Major Chapter
- Patent Analysis
- Regulatory Framework
- Technology Roadmap
- BCG Matrix
- Heat Map Analysis
- Price Trend Analysis
Market Dynamics and Factors for the Mattress Market:
Drivers:
A Large Number of Customers Attracting Towards New Products
Most people attracted to purchasing new products are the key factor in driving the growth of the mattress market. A large number of online sectors are engaged in the sales of new beneficial products including a mattress in the world.
People are interested in purchasing mattresses online as well as offline, which propels the growth of the mattress market. In addition to this, changing lifestyle, hectic and hectic schedule, and change in eating habits leads to severe mental discomfort.
People are more aware of problems associated with uncomfortable sleep. Thus, they are attracted to such product which provides comfort.
Mattress improves the better sleep quality which supports the increase in the demand for mattresses and boosts the growth of the market in the forecast year.
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Opportunities:
Growing Mattress Sales on e-commerce Platforms
Several online platforms are available in the world for the sale of multiple products including mattresses is a lucrative opportunity for the mattress market. A large number of customers prefer the online sector for purchasing mattresses because during purchasing people can compare the product to other websites, sizes, shapes, and materials and they can choose the better products.
Consumers are more aware regards the benefits of online sales. For instance, according to Statista, retail e-commerce sales accounted for 4.9 trillion U.S.
dollars in 2021 worldwide and Statista also stated that sales are growing by 50% in the next four years, and the projected value is about 7.4 trillion dollars by 2025. This is a huge opportunity for the market of mattresses in the projected timeframe.
Segmentation Analysis of the Mattress Market:
By Type, innerspring mattresses are expected to have the maximum market share in mattresses during the forecast year. This mattress is bouncy. Most people prefer bouncy beds because it is easy to get in and out of the bed, so this increases the demand for an innerspring mattress.
By Application, the private household segment is projected to have the maximum market share in the market of mattresses during the forecast year. The rising population in the world with a growing number of homes in developing nations, also a rising number of hotels, motels, hospitals, hostels, colleges, five-star resorts, and commercial facilities.
By Region
- North America (U.S., Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
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Regional Analysis of the Mattress Market:
North America dominates the Mattress Market. The innerspring mattress is mostly sold in the North American region.
The North American people consume luxury and premium quality products. Increasing the launching of new products across the distribution channels.
Additionally, rising the construction, of hospitals, and the number of tourist, and hospitals in this region. These factors help to increase the mattress market in the projected timeframe.
These provide the larger proportion of the mattresses sold on the continent. In this region, increasing travel and tourism industry.
They are attracted to luxury products including the mattress.
Key Industry Development:
In March 2022, an Artificial intelligence-based smart bed was launched by Sleep Number Corporation under the Sleep Number 360 brand. This new product contains advanced sensors that proactively monitor and improve the user’s sleep.
In April 2021, a four-model Breathe collection of mattresses was launched by Spring Air International. These models protect from bacteria and viruses for a healthier sleep.
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