Market Overview:
The mattress market, which was anticipated to be worth $53.56 billion in 2021, is expected to expand to US$79.04 billion by 2028, with a CAGR of 6.7 percent throughout the analyzed period. A mattress is a fabric case filled with a resilient material (such as cotton, hair, feathers, foam rubber, or a coil spring arrangement) that can be used alone or with a bedstead. Mattresses are extremely helpful piece of furniture that ensures the most comfortable sleep possible. They’re usually made of soft and comfortable materials. This market sector includes mattresses made of springs, foam, and latex. Water mattresses, pneumatic mattresses, and bed frames are not included. With the rising demand, the Mattress market expected to grow during the forecasted period
Market Dynamics and Factors:
Sleep deprivation is a severe problem that can have a variety of negative health consequences; the availability of sufficient cushioning to sleep on helps to enhance the market. According to a Consumer Research study conducted by the Better Sleep Council, around 83 percent of respondents said they would replace their mattress if it did not provide them with adequate sleep. In contrast, approximately 8 out of 10 users felt that a low-quality product is unhealthy. The Better Sleep Council (BSC) provides consultation on how to acquire enough sleep, as well as product recommendations.
With a growing population, the number of households is expanding worldwide. This has increased demand for everyday things, such as various household furnishings. For example, according to the Housing Statistical, new house completions in England reached 169,770. Furthermore, the expanding trend of beautiful home decor adds significantly to the growth of the premium mattress market. Similarly, the ever-increasing demand for children’s beds contributes to the market’s expansion during the forecasted period.
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Mattress Market Report Highlight:
- By Type, Innerspring mattresses are in high demand, with a market value of USD 15,116 million predicted by 2027. The product’s popularity has grown as a result of its low cost and excellent level of comfort. The global market, on the other hand, is predicted to grow at the fastest rate throughout the forecast period.
- By Application, the Private Households segment is expected to register the maximum market growth during the forecast period the residential segment seized the lead due to the growing worldwide population and an increasing number of homes, particularly in developing nations.
- North America dominates the Mattress Market with the U.S. projected at US$13.6 Billion in the year 2020. The United States is predicted to lead the regional sector over the forecast period, while the Canadian market is expected to grow at the fastest rate of 6.85 percent.
- The Asia Pacific is the fastest-growing region in Mattress Market. In the region, China is expected to reach a market size of US$16.9 billion by 2028, with a CAGR of 10% from 2022 to 2028.
Major Key Players for 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)
- Spring Air International (Woburn United States)
- Tempur Sealy International Inc (Lexington, United States)
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Key Industry Development:
July 2021 – The largest mattress retailer, American Mattress, has formed a retail relationship with Casper, an award-winning sleep innovation company, to extend the partners’ mattress offerings in the United States and Canada.
January 2021 – ‘Von Viva,’ a luxury range of custom-made mattresses for multiple sleepers, was introduced by Sleep Boutique Inc., a Canadian custom sleep products company.
Mattress Market Segmentation:
By Type
- Innerspring mattress
- Foam mattress
- Latex mattress
By Application
- Private Households
- Hotels
- Hospitals
For this report, Introspective Market Research has segmented the Mattress Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2022-2028)
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Turkey
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Vietnam
- Thailand
- Rest of Asia-Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Iran
- Rest of MEA
- Latin America
- Brazil
- Argentina
- Rest of LATAM
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Scope of the Report:
The report encompasses the entire analysis of market size in previous years for major segments and countries, as well as future estimates. The Mattress Market study looks deeply into the worldwide market’s competitive landscape. The study also provides the names of key market players and the methods they used to gain a dominant position in the industry. It also includes useful market insights, dynamics and factors, and market analysis techniques such as PESTEL analysis, PORTER’s Five Forces analysis, value chain analysis, SWOT analysis, BCG matrix, and Ansoff matrix.
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