Global Mattress Market Size By Type (Memory Foam Mattresses, Latex Mattresses, Innerspring Mattresses), By Application (Domestic, Commercial), By Geographic Scope And Forecast

Mattress Market Size And Forecast

Mattress Market size was valued at USD 30.64 Billion in 2022 and is projected to reach USD 53.83 Billion by 2030, growing at a CAGR of 6.46% from 2023 to 2030.

Owing to rise in the disposable income and the increasing number of homeowners the Global Mattress Market is on track to showcase substantial market growth. There is also a rise in the demand for the real estate sector which in turn promotes the sales of home furnishings such as mattresses, pillowcases, and others. The Global Mattress Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Mattress Market Definition

Mattresses, those comfy pads we use for sleeping, come in all shapes and sizes and are made from a bunch of different things to fit your needs just right. Think heavy cloth, foam rubber, maybe even hair or cotton, all quilted together! Some even have a metal spring system inside. You can even find mattresses filled with water or air! It looks like the mattress world is booming because everyone wants a comfortable and modern mattress. And because we're all getting smarter about what makes a good mattress, companies are stepping up their game. They're using better materials and cool new tech to help us sleep soundly. Plus, with more folks wanting natural and organic options, companies are focusing on that too. To really boost sales, mattress companies need to be online!

Global Mattress Market Overview

A large pad used as or on a bed to support the reclining body, consisting of a quilted or similarly fastened case, usually of heavy cloth, containing hair, straw, cotton, foam rubber, and so on, or a metal framework spring Vendors are increasingly focusing on expanding their product lines by introducing mattress alternatives. They are attempting to increase their sales and market share by launching new products in the global mattress market. Because of its compatibility with a wide range of adjustable beds, foam is the fastest-growing product segment, making it a popular choice among consumers.

People are buying new mattresses more often these days, thanks to online shopping and all the cool new mattress tech hitting the market. And with more people moving to cities, the demand for comfy domestic sleeping mattresses is way up. As folks get richer, they're sprucing up their homes and adding extra rooms, which means they need even more mattresses! Plus, with city real estate being so pricey, everyone's looking for practical and wallet-friendly ways to get a good night's sleep. Now, let's talk about the commercial side. When we say "commercial market," we're talking about businesses like hotels and other spots that serve lots of customers. They're the second-biggest mattress buyers out there! Because businesses and tourists need them, these commercial mattresses usually last only 5 to 6 years. Since these businesses replace their mattresses more often than regular folks do at home, the commercial sleeping mattress market is booming.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Mattress Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Mattress Market, the attractiveness of a certain sector, and assess investment possibilities.

Global Mattress MarketSegmentation Analysis

The Global Mattress Market is segmented on the basis of Type, Application, and Geography.

Mattress Market, By Type

• Memory Foam Mattresses• Latex Mattresses• Innerspring Mattresses• Others

When we look at mattress types, the market offers a few main choicesMemory Foam Mattresses, Latex Mattresses, Innerspring Mattresses, and, well, Others. Back in 2021, Innerspring Mattresses were the big winner, and they're expected to keep growing steadily. Why? Because they're built to last, offering consistent comfort for years. Plus, their design allows for great airflow, keeping you cool and comfortable all night long. Memory Foam Mattresses came in second place in 2021, also with a healthy growth forecast. But get thisLatex Mattresses are predicted to grow the fastest! Their appealing price and increasing buzz are fueling their popularity. And as more people struggle with back pain, you can bet the demand for memory foam will only increase. Let's face itso many of us aren't getting enough sleep, and it's affecting everything. As people realize how much a good mattress can improve their overall well-being, the market has plenty of room to expand.

Mattress Market, By Application

• Domestic• Commercial

On the basis of the Application, the Global Mattress  Market has been segmented into Domestic & Commercial. Domestic accounted for the largest market share in 2021 and is projected to grow at the highest CAGR during the forecast period. Due to increased internet sales and quick innovation, consumers are replacing mattresses more frequently. The rise in urbanization is a key factor boosting demand for domestic sleeping mattresses. Due to the rise in disposable income, consumers are also choosing better interior designs for their homes and adding more rooms, which has increased the demand for residential sleeping mattresses.

The commercial was the second-largest market in 2021, it is projected to grow at a CAGR. The Commercial market signifies the market made up of commercial business establishments and locations that offer goods and services to numerous consumers. The majority of customers are non-residential or institutional, which includes all of the hotels, businesses, etc.

Mattress Market, By Geography

• North America• Europe• Asia Pacific• Latin America• Middle East & Africa

The global mattress market? Well, it's basically split up by locationNorth America, Europe, Asia Pacific, Middle East & Africa, and good old Latin America. Back in 2021, North America was the big cheese, and they're expected to keep growing. What's driving this? People really seem to be digging customized mattresses. Think about itwe're working, watching movies, just generally living more of our lives in bed. So, naturally, we want to make it comfy! After years of tough times with bankruptcies and store closings, the mattress biz is actually booming now, thanks to a pandemic that made us rethink how we spend our money.

Europe was the second-largest market in 2021, it is projected to grow at a CAGR. However, Asia Pacific is projected to grow at the highest CAGR. Mattresses are in high demand in the healthcare industry, particularly in nursing homes, clinics, and hospitals. The major players in the European mattress market have introduced convenient, multifunctional hospital beds with height adjustment and electronic connectivity.

Key Players

The "Global Mattress Market" report? Think of it as your insider's guide to everything mattresses! We're focusing on the important stuff, especially the big names like Tempur Sealy International, Serta Simmons bedding, Recticel, and Ashley Furniture Industries, LLC. (Ashley), Sleep Number Corporation., among others. You'll get the scoop on how they stack up against each other, their game plans, and who's winning. Plus, we've got a whole section just on these major players. Our team digs into their financials, compares their products, and even breaks down their strengths and weaknesses with a SWOT analysis. It's all about giving you the clearest picture possible.

Key Developments

• In April 2021, One of the biggest sleep firms in North America, Serta Simmons Bedding, LLC, announced organizational improvements as part of its transformation and growth strategy, including changes to its executive team.

• In October 2022, Tempur Sealy International, Inc. (NYSETPX, “Company” or “Tempur Sealy”), the company synonymous with innovation in the mattress industry, announced the introduction of Sealy® FlexGridTM, a new mattress collection that features a proprietary and new hyper-elastic polymer pressure-relieving layer.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

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