Mattress Market 2023-2028: Industry Breakup by Product (Innerspring, Memory, Foam, Latex), CAGR of 6.02% and Forecast

PRESS RELEASE

Published March 28, 2023

IMARC Group’s latest report, titled “Mattress Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” finds that the global mattress market size reached US$ 36.4 Billion in 2022. Looking forward, IMARC Group expects the market value to reach US$ 52.2 Billion by 2028, expanding at a CAGR of 6.02% during 2023-2028.

Mattress Market Overview:

Mattresses refer to a fabric case filled with resilient and comfortable materials, including cotton, foam rubber, feathers, or an arrangement of coiled springs. They can also be filled with water, air, and other natural fibers. They are used either alone as a bed or on a bedstead to promote sleep. They assist in keeping the spine in a neutral position, providing the right support and comfort to the body, facilitating proper postural alignment, and minimizing back pain during sleep. They also aid in reducing nervousness, irritability, headaches, and stress that affect sleep quality. Nowadays, mattresses are widely available in a diverse range of thicknesses, firmness, and size and can be customized according to the height, weight, and other dynamics of individuals.

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Global Mattress Market Trends:

The elevating sales of home furnishing products, such as mattresses, pillowcases, and bed linens, represent the primary factor driving the market growth. Besides this, the rising prevalence of back and posture-related problems caused by uncomfortable sleeping surfaces are contributing to the market growth. Additionally, there has been a significant shift toward airbeds, waterbeds, and foam-based mattresses that provide optimum comfort by evenly distributing pressure and body weight and relaxing the spine while sleeping. In line with this, the increasing willingness of consumers to spend on better sleep solutions, such as high-quality mattresses, due to the growing awareness about their postural and health benefits, has augmented the product demand.

Furthermore, the leading manufacturers are offering organic mattresses manufactured using natural and environment-friendly raw materials, including wool, natural latex, and organic cotton, owing to the surging environmental concerns. Along with this, continual product innovations, such as the launch of smart mattresses integrated with artificial intelligence (AI)-based technology, that monitors human health, breathing pattern, and sleeping hours and adjusts the temperature according to the environment while the user is sleeping, have fueled the market growth. Other factors, including the increasing number of luxury hotels, rising incidence of sleep disorders, ongoing construction of residential buildings, inflating consumer expenditure capacities, improving lifestyles, and rapid urbanization, are also providing a positive thrust to the market growth.

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Key Market Segmentation:

Leading Mattress Manufacturers Worldwide:

Kingsdown Inc.
Kurlon Enterprise Ltd.
Leggett & Platt Incorporated
Paramount Bed Co. Ltd.
Sealy Corporation
Serta Inc.
Simmons Bedding Company LLC
Sleep Number Corporation
Southerland Inc.
Spring Air Company
Tempur-Pedic International, Inc

Breakup by Product:

Innerspring
Memory Foam
Latex
Others

Breakup by Size:

Twin or Single
Twin XL
Full or Double
Queen
King
Others

Breakup by Application:

Domestic
Commercial

Breakup by Distribution Channel:

Online
Offline

Breakup by Region:

North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

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