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 are pads that are intended to be used for sleeping. Mattresses are made from a variety of materials and come in a variety of sizes to meet your needs. Mattresses may have a quilted or similarly fastened case made of heavy cloth and materials such as foam rubber, hair, straw, cotton, or a metal spring framework. Mattresses can be filled with either water or air. The global mattress industry is expected to expand as the global demand for comfortable and modern mattresses rises. As consumers gain more knowledge about the quality of sleeping mattress materials, market participants are developing better mattresses. Manufacturers are utilizing improved materials and cutting-edge technology to provide customers with better sleep. Because of the increased demand for natural and organic mattresses, businesses are focusing on using these resources to make mattresses. Businesses must prioritize the use of online platforms to increase sales.

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.

On the basis of end users, Mattresses are being replaced more frequently by consumers as a result of increased internet sales and rapid innovation. Increased urbanization is a major factor driving up demand for domestic sleeping mattresses. Consumers are choosing better interior designs for their homes and adding more rooms as their disposable income increases, which has increased demand for residential sleeping mattresses. As the cost of urban real estate rises, buyers are encouraged to purchase or borrow practical and affordable sleeping arrangements. Furthermore, the Commercial was the second-largest market The commercial market refers to the market of commercial business establishments and locations that provide goods and services to a large number of consumers. The majority of customers are non-residential or institutional, which includes all hotels, businesses, and other similar establishments. Because of the increase in corporate and tourist needs, commercial mattresses have a life span of 5 to 6 years. Furthermore, because commercial end users replace sleeping mattresses more frequently than residential end users, the commercial sleeping mattress market is expanding rapidly.

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

On the basis of Type, the market is bifurcated into Memory Foam Mattresses, Latex Mattresses, Innerspring Mattresses, and Others. Inner Spring Mattress accounted for the largest market share in 2021 and is projected to grow at a CAGR during the forecast period. The mattress is long-lasting. This is a result of its sound construction, which was made to provide the same level of comfort for many years. They are separated by a wide distance, which makes ventilation simple. This facilitates better sleep and prevents body heat build-up. Memory Foam Mattress was the second-largest market in 2021, it is projected to grow at a CAGR. However, Latex Mattress is projected to grow at the highest CAGR. Reasonable pricing and rising interest are factors that are contributing to this rising popularity. The demand for memory foam mattresses will increase as acute back pain rates rise. Most people experience sleep deprivation for one reason or another. Their physical, mental, and spiritual health are all impacted by this. The market has more room to grow as consumers become more aware of the advantages of getting quality sleep.

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 is segmented on the basis of geography into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America accounted for the largest market share in 2021 and is projected to grow at a CAGR during the forecast period. One of the major trends in the region’s mattress market is the growing consumer preference for customized mattresses. People are working from their beds, watching movies in bed, spending more time at home, and, as a result, deciding to upgrade their sleeping arrangements. As a result of years of upheaval caused by bankruptcies, store closures, and intense competition, the mattress industry is suddenly flourishing during a pandemic that has reoriented people’s budgets.

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” study report will provide valuable insight with an emphasis on the market. The major players in the market are the key players include Tempur Sealy International, Serta Simmons bedding, Recticel, and Ashley Furniture Industries, LLC. (Ashley), Sleep Number Corporation., among others. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis.

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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