According to the latest research by SkyQuest Technology, the Global Mattress Market was valued at US$ 45.20 billion in 2021, and it is expected to reach a market size of US$ 72.10 billion by 2028, at a CAGR of 6.9 % over the forecast period 2022–2028. The research provides up-to-date mattress market analysis of the current market landscape, latest trends, drivers, and overall market environment.
A mattress is a fabric casing filled with a resilient material that is used in beds, whether they are stand-alone or attached to a bedstead (such as cotton, hair, feathers, foam rubber, or a configuration of coiled springs). The growth of the global mattress market is attributed to the increase in back problems, which are typically brought on by uncomfortable sleeping surfaces, which is likely to have had a substantial impact on the growth of specialty mattresses like airbeds, waterbeds, and foam-based mattresses. 1.71 billion people worldwide suffer from musculoskeletal illnesses, such as rheumatoid arthritis, osteoarthritis, low back pain, neck discomfort, fractures, and other injuries, according to a recent analysis of Global Burden of Disease (GBD) 2019 numbers.
The major competitors in the sector are always attempting to develop their products in order to assist the populace in coping with such problems. As an illustration, the Nectar Memory Foam Mattress offers the three main layers of this conventional memory foam mattress seven inches of supportive foundation foam, two inches of fast adapting foam, and three inches of pressure-relieving gel memory foam. Its 6.5 out of 10 firmness rating designates it as a medium-firm mattress. Memory foam will adjust to your body, making it a fantastic choice for someone who likes to sink into their mattress. In addition to relieving pressure, this is beneficial for people who experience joint pain. Due to how efficiently it reduces motion transmission, couples should take it into consideration as well. Developments like these are expected to boost the growth of the global mattress market during the forecast period.
New and potential industry players face difficulties in a dynamic and fast-changing competitive environment where internationally recognized and local enterprises compete largely on the basis of product quality and durability. This may hinder the growth of the global mattress market during the forecast period.
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Read Market Research Report, “Global Mattress Market by Material (Spring/Coil, Foam, Latex, Others), Size (Queen, Twin, Full, Others), Application (Households, Hospitality Facilities, Healthcare Facilities, Others), and Region —Forecast and Analysis 2022–2028” By Skyquest
The spring/coil sector accounted for the greatest portion of the global mattress market in 2021. The spring/coil industry is predicted to grow significantly throughout the projection period. Customers can choose between traditional spring/coil-based or innerspring items. These products are made with metal springs to provide an additional level of comfort and support. Approximately 32% of people in the US sleep on a spring mattress. Innerspring mattresses make up about a third of all mattress purchases, according to data on mattress sales.
The usage of toxic substances in foam-based products is hindering product sales worldwide for the global mattress market. Additionally, synthetic foam materials have a heating effect because there are few other options for ventilation. According to studies, memory foam includes substances that may be hazardous. Toluene, also known as methylbenzene, is a clear liquid that is found naturally in crude oil. It is one of the hazardous chemicals that have previously been found in large quantities in memory foam mattresses. Toluene is dangerous when inhaled in large quantities. Formaldehyde is occasionally a byproduct of foam manufacturing, though it happens less commonly these days. Formaldehyde fumes can irritate the mouth, nose, and eyes and are proven human carcinogens.
The queen size is one of the most popular and commonly utilized product sizes in the global mattress market as of 2021. These fixtures are commonly seen in master bedrooms and offer space for two persons. 87 percent of Gen X mattress customers want a King- or Queen-size mattress. 47 percent of people in America say they sleep on a queen-size mattress, making queen beds the most common size. Millennials were willing to spend an average of $726 for a queen mattress, according to Statista.
The prominent market players are constantly adopting various innovation and growth strategies to capture more market share. The key market players are Serta Simmons Bedding, LLC, Tempur Sealy International, Inc., Sleep Number Corporation, Paramount Bed Holdings Co. Ltd, Kingsdown, Inc., Grupo Pikolin, King Koil Mattress. Co, Suibao Group, Greiner AG, Sheela Foam Ltd among others.
The report published by SkyQuest Technology Consulting provides in-depth qualitative insights, historical data, and verifiable projections about Mattress Market Revenue. The projections featured in the report have been derived using proven research methodologies and assumptions.
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Report Findings
- Drivers- The market growth is fueled by the worldwide housing boom and rising consumer spending on bedding and home furnishings. Due to the rise in single-occupancy homes and nuclear families worldwide, each family member needs their own room, which drives demand for the product.
- Restraint- A longer product lifespan is one of the most significant factors influencing consumer purchase decisions in retail shops and online marketplaces globally. The product typically lasts seven to ten years. The expansion of the global mattresses market over the forecast period may be hampered by this.
What does this Report Deliver?
- Market Estimation for 20+ Countries
- Mattress Market demand by Region, Sub-Region, and Country
- Customization on Segments, Regions, and Company Profiles
- 100+ tables, 150+ Figures
- Global, Regional and Country specific Mattress Market Trends
- Comprehensive Mapping of Mattress Industry Parameters
- Attractive Investment Proposition in the Mattress Industry
- Competitive Strategies Adopted by Mattress Market Key Players
- Drivers, Restraints, Opportunities, Challenges and the impact on the Mattress Market Size
- Market growth rate till 2028
- Regulatory scenario, regional dynamics, and Mattress Market insights of leading countries in each region
- In-depth Market insights by Region and Country
- Market Segmentation Trend Analysis, Opportunities and Growth
- Porter’s five force analysis to know the market’s condition
- Pricing Analysis and Mattress Market Sales
- Parent market analysis
- Product portfolio benchmarking
SkyQuest has segmented the Global Mattress Market based on Material, Size, Application, and Region:
- Global Mattress Market by Material (Revenue, US$ Billion, 2021 – 2028)
- Spring/Coil
- Foam
- Latex
- Others
- Global Mattress Market by Size (Revenue, US$ Billion, 2021 – 2028)
- Queen
- Twin
- Full
- Others
- Global Mattress Market by Application (Revenue, US$ Billion, 2021 – 2028)
- Households
- Hospitality Facilities
- Healthcare Facilities
- Others
- Global Mattress Market By Region (Revenue, US$ Billion, 2021 – 2028)
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Rest of Asia Pacific
- Central & South America
- Brazil
- Rest of CSA
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of MEA
- North America
Key Players in the Global Mattress Market
- Serta Simmons Bedding, LLC (U.S.)
- Tempur Sealy International, Inc. (U.S.)
- Sleep Number Corporation (U.S.)
- Paramount Bed Holdings Co. Ltd (Japan)
- Kingsdown, Inc. (U.S.)
- Grupo Pikolin (Spain)
- King Koil Mattress. Co (U.S.)
- Suibao Group (China)
- Greiner AG (Austria)
- Sheela Foam Ltd (India)
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