The increasing disposable income, combined with an increase in homeownership, which currently stands at 67.4 % worldwide, is projected to boost demand in the global mattress market. The increasing demand for residential properties has resulted in a surge in the sale of home furnishing products such as bed linen, pillows, and mattresses, therefore increasing demand for the mattresses.
King Koil, Tempur Sealy International Inc., Spring Air International, Serta Simmons Bedding, LLC, McRoskey Mattress Company, and Sleep Number Corporation are some of the companies in the global mattress market.
The global mattress market is estimated to rise at a rate of 7% CAGR over the forecast period, from 2019 to 2027. The global mattress market was valued at US$ 37 Bn in 2019, and it is anticipated to reach a market value of around US$ 68 Bn through 2027. The demand for mattresses in the residential buildings has been growing at a rapid rate in recent years.
Latin America and Asia Pacific to Emerge as Leading Regions in the Market
In terms of region, the global mattress market is classified into the principal regions of Latin America, Middle East and Africa, Asia Pacific, Europe, and North America. It is anticipated that regional classifications would provide a better knowledge of the market dynamics at play at the regional level.
From 2019 to 2025, the Asia Pacific mattress market is expected to develop at a rapid pace in terms of value. Due to the introduction of brands like as Kurl-On, Stearns & Foster, and Dunlop, and the market demand is expected to increase globally across the region. In particular, the demand for the latex and innerspring mattress is likely to rise immensely in the region. Because of the enormous populations in nations like China, Sri Lanka, and India, Asia Pacific is one of the major regions in the global mattress market.
Furthermore, increasing disposable income in developing nations such as South Africa, Brazil, and India is expected to boost the mattress market in Latin America as well as Asia Pacific region. Due to the great comfort in the sleep experience of customers in Brazil, memory foam and latex mattresses have a large market share, and hotels in these locations have generated a strong demand for these types of mattresses.
Organic Mattresses Made from Hypoallergenic Materials are Gaining Rapid Popularity
The expansion of the hospitality as well as healthcare industries is one of the key factors likely to drive the global mattress market. The rise of specialized mattresses such as airbeds, waterbeds, and foam-based mattresses is expected to be fueled by an increase in back issues caused mostly by unpleasant sleeping surfaces. It is mostly adopted by new hospitals, as well as refurbished older healthcare facilities. These setups have considerably increased the need for such mattresses so as to provide relaxation and convenience to outpatients, in-patients, as well as caregivers. Both the commercial and public sectors are investing heavily in the healthcare business in order to build infrastructure as well as expand and develop facilities. Memory foam mattresses are popular amongst individuals with orthopaedic difficulties, such as joint aches, since they give greater comfort than other varieties of mattresses. In addition to that , because of their simple availability and reduced pricing, these mattresses are employed in the commercial sector as well.
The rising demand for organic as well as natural mattresses is one of the most innovative developments in the global mattress market. The demand for organic products has risen substantially over time, as seen by the growing popularity of organic mattresses in the mattress industry. Different types of organic-based mattresses manufactured from hypoallergenic materials are currently being offered by market players. Organic mattresses have become more popular as customers have become more aware of the negative consequences of synthetic mattresses. People who have respiratory issues choose organic mattresses to prevent the health concerns that synthetic materials might bring.
The information shared in this review is based on a TMR report, bearing the title, “Mattress Market (Product Type: Foam Mattress, Hybrid, Innerspring, and Latex; Size - Twin or Single Size, Twin XL Size, Full or Double Size, Queen Size; Component - Foam, Innerspring, Latex, Fillings, and Ticking) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2027”
The global mattress market is segmented based on:
- Foam Mattress
- Twin or Single Size
- Twin XL Size
- Full or Double Size
- Queen Size
- North America
- Rest of Europe
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
- Asia Pacific
- Australia & New Zealand
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad-hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Transparency Market Research
90 State Street,
Albany NY - 12207
USA - Canada Toll Free: 866-552-3453
7 of 10 large enterprizes view our Report to take the right decision.View Report