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Demand of Latex Mattress Market are Increasing Due to Rapidly Expanding Hospitality and Healthcare Facilities

The demand of latex mattress market is anticipated to reach US$ 20 billion by 2032, expanding at a CAGR of 7% from 2022 to 2032. The industry, which was valued at US$ 9.7 billion as of 2021, is anticipated to grow at a rate of 5.1% year over year to reach US$ 10.2 billion by 2022. Over the forecast period, market growth is anticipated to be driven by consumers’ growing preference for luxurious lifestyles that cater to better sleeping products.

Recently, a business intelligence research on the world market for latex mattresses was released by Future Market Insights (FMI). The study provides a comprehensive overview of the history, present, and future prospects for the market for latex mattresses. According to the worldwide industry analysis and opportunity assessment research by FMI, the market for latex mattresses is anticipated to increase strongly between 2022 and 2032.

The report offers in-depth analysis on significant trends and growth drivers which are having an impact on the Latex Mattress Market growth. New opportunities and challenges are also thoroughly analyzed to enable market players to make effective future business decisions.

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According to the FMI’s report, the Latex Mattress Market is projected to record a CAGR of 7% over the forecast period. Significant changes in consumer behavior, robust product innovations, and a wealth of distribution networks continue to influence demand of the Latex Mattress Market. FMI’s analysts rely on modern-day research methods for the compilation of the Latex Mattress Market report and gather data from a wide range of primary and secondary sources.

Impact of COVID-19 on Latex Mattress Market

The COVID-19 outbreak has been posing staggering health and humanitarian challenges. As with many industries, retail and consumer products industry has been particularly affected, with companies struggling with demand that is either evaporating or increasing over the available supply. Additionally, factory closures, movement restrictions, and supply chain disruptions induced by the current crisis are resulting in product shortages in the Latex Mattress Market in 2020.

The FMI’s recently published report include an important chapter on the COVID-19 impact analysis to aid Latex Mattress Market stakeholders in deploying innovative strategies to overcome the challenges that lie ahead of the crisis. The report further helps companies get access to necessary information surrounding the COVID-19 and its impact on the Latex Mattress Market.

Key Questions Addressed in the Latex Mattress Market Report

  1. What are headwinds and tailwinds shaping the growth curve of the global Latex Mattress Market?
  2. Which factors will continue to influence growth of the regional Latex Mattress Market?
  3. What are the recent technological developments in the Latex Mattress Market?
  4. What are key challenges and competition threats faced by Latex Mattress Market players?
  5. How will evolving regulatory policies impact the market growth?

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Latex Mattress Market: Competition Assessment

The FMI’s Latex Mattress Market report provides a dashboard view of major players operating in the Latex Mattress Market. Some of the key players are:

Sleep On Latex Company, Simmons Bedding Company LLC, Astrabeds LLC, Spindle Mattress Company, Dreamfoam Bedding Company, Sleep Number Corporation, PlushBeds, Inc., Royal-Pedic Mattress Manufacturing LLC, Spring Air International Inc. LLC, Organic Mattress Inc., Kinsdown, Inc., Pure LatexBliss LLC, Southerland, Inc., Relyon Company, Corsicana Bedding, Inc. and The Saatva Company, among others.

With an extensive SWOT analysis, the FMI’s study presents the strengths, weaknesses, growth prospects and challenges of each player. The report also includes important data including the sales strategy, pricing strategy, and marketing strategy adopted by these players in the Latex Mattress Market.

Latex Mattress Market: Key Segmentation

On the basis of latex processing type, the global latex mattress market has been segmented as –

  • Talalay
  • Dunlop
  • Others

On the basis of source, the global latex mattress market has been segmented as –

  • Synthetic
  • Natural
  • Blended

On the basis of end user, the global latex mattress market has been segmented as –

  • Commercial
  • Residential

On the basis of sales channel, the global latex mattress market has been segmented as –

  • Hypermarkets/Supermarkets
  • Multi-brand Stores
  • Specialty Stores
  • Independent Small Stores
  • Online Stores
  • 3rd Party Online Stores
  • Company Websites

Explore Wide-Ranging Coverage of FMI’s Consumer Product Market Insights Landscape

Snow Boots For Women Market Size: The global snow boots for women market is anticipated to strengthen its roots at a CAGR of 3.1% between 2022-2032, while it is forecasted to reach a value of USD 1.15 Bn by the year 2032. It is currently valued at USD 848.7 Mn in 2022.

Refurbished Sneaker Market Share: The global refurbished sneaker holds a market value of US$ 180 Million in 2022, is anticipated to accumulate a market value of US$ 407 Million by 2032

Duck Boots Market Demand: The global duck boots market is likely to expand at a CAGR of 7.9% between 2022-2032, while it is anticipated to reach a value of USD 299.5 Mn by the year 2032

Air Purifier Market Analysis: The global air purifier market is anticipated at US$ 11.5 Billion in 2021. The sector is gaining pace as companies provide technologically improved air purifiers with various wireless technologies

Work Boots Market Forecast: The global Work boots market is anticipated to strengthen its roots at a CAGR of 9.2% between 2022-2032, while it is forecasted to reach a value of USD 26.5 Bn by the year 2032. It is currently valued at USD 11.03 Bn in 2022.

Wedge Boots Market Sale: The global wedge boots market is expected to reach a market valuation of US$ 3,400 Million by the year 2022, accelerating with a moderate CAGR of 3.8% by 2022-2032

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About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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The post Demand of Latex Mattress Market are Increasing Due to Rapidly Expanding Hospitality and Healthcare Facilities appeared first on Future Market Insights.

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