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Mattress Market Size, Share, and Analysis, By Material (Spring/Coil, Foam, Latex, Air Bed, Water Bed and Others), By Size (Queen, King, Single, Double and Others), By Application (Household, Hospitality Facilities, Healthcare Facilities, Others), By Distribution Channel (Online Retail, Offline Retail, Exclusive Stores and Specialty Stores) and Regional Forecasts, 2022-2032
Global Mattress Market size was USD 42.68 billion in 2021 and is projected to grow from USD 48.1 billion in 2023 to USD 82.6 billion by 2032, exhibiting a CAGR of 6.2% during the forecast period.
Global mattress market is majorly used for giving a pleasant and protective sleep surface for individuals. Mattresses are the basic component of the bedding industry and play a main role in maintaining the health of individuals. Mattresses are designed for sleeping purposes and are available in different sizes as per the necessity. Mattresses are used for laying over a cot or as is and may contain a quilted or fastened case of heavy cloth made of foam rubber, cotton, or of metal springs frame. Mattresses may also contain air or water. The willingness to spend on sleep solutions has worldwide is creating an opportunity for growth.
Global Mattress Market is expected to reach USD 82.6 billion, growing at a CAGR of 6.2% during forecast period owing to the increasing demand for customized products like Mattress to increase the comfort is expected to boost the growth of the market. The increased focus of the market key players in designing new innovative products is expected to boost the growth of the market. The rising infrastructure projects in few countries is also expected to boost the growth of the Mattress market due to the necessity of mattress after the completion of projects. The increasing number of luxury bedding of high quality in certain hotels may positively impact the growth of the mattress market.
Global Mattress Market is classified based on the Material into Spring/Coil, Foam, Latex, Air Bed, Water Bed and Others. The Spring/Coil Mattress segment is expected to dominate the market in the forecast period as they are a traditional option available and are manufactured using metal springs by giving support to increase the level of comfort. The negative effects of using other mattress like foam-based and synthetic foam materials is expected to boost the growth of the Spring/Coil Mattress. People are opting for sustainable/organic products with improved breathability.
Global Mattress Market is classified based on the Size into Queen, King, Single, Double and Others. Queen Size Mattress segment is expected to dominate the market in the forecast period. Queen Size are most widely used size of mattress. These mattresses provide optimal space for two people and are mostly fit in master bedrooms. As per a study, people opt to sleep on a queen-sized product among others due to the comfort of space and size of the mattress.
Increasing Construction Activities Related to Housing are Expected to Boost the Growth of the Market
The increasing constructions activities along with the consumers spending on lavish home furnishings & bedding products is expected to boost the growth of the market. The demand for pleasant and protective sleep surfaces has increased owing to the rising awareness on importance of sleep on health is expected to boost the growth of the market. The advancements in technology related to manufacturing of mattress with innovative features has led to creating demand for high-quality mattresses and is boosting the growth of the market.
Rising Awareness Regarding Use of Sustainable Mattress is Expected to Boost the Growth of the Market
The adoption of modern lifestyle habits related to healthy living and sleeping habits have led to deprivation of sleep among the individuals. The necessity of opting a better-quality mattress may aid in ensuring superior sleep quality for users. This awareness regarding the importance of a mattress may boost the growth of the market. The increasing demand for the use of sustainable eco-friendly mattresses to prevent environmental issues is expected to drive the demand and growth of the Global Mattress Market.
Improved Lifespan of Mattress May Restrain the Growth of the Market
Several key players of the market are focusing on improving the quality of the product along with its durability and the high lifespan of the product may restrain the growth of the market. Products made using latex and memory foams last for more than 10 years which may limit the necessity to purchase mattress frequently which is hampering the growth of the global Mattress Market.
In January 2019, Tempur Sealy International, Inc., introduced its new TEMPUR-breeze product range which is created to provide all-night cooling effect.
In July 2020, Sheela Foam Ltd., designed its new line of Cocoon Mattresses under the brand Sleepwell.
Global Mattress Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. The North America region dominated the market in 2021 due to the high preference for luxury and premium quality products by the customers. The tendency of people to change the mattress in case of any undesired comfort led to the growth of the market. Asia Pacific is expected to dominate the market in the forecast period owing to the increasing housing units in countries of this region which will eventually lead to the increased demand for mattress and thereby creating demand for the growth of the market.
The COVID-19 outbreak had resulted in the economic downfall. Several countries had imposed lockdowns and travel bans to control the coronavirus spread. Covid-19 had negatively affected several industries. Covid-19 created a negative impact on the growth of the market due to the reduced spending of customers and slowdown of economy. The purchase of non-essential items had reduced leading to the downfall of the Global Mattress Market. The pandemic impacted the production and delivery of mattresses due to delay and shortages of raw materials and labour thereby, having negative impact on growth of the market.
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ATTRIBUTE |
DETAILS |
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Study Period |
2018-2032 |
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Base Year |
2022 |
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Forecast Period |
2022-2032 |
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Historical Period |
2019-2021 |
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Growth Rate |
CAGR of 6.2% from 2022-2032 |
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Unit |
Value (USD Billion) |
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Segmentation |
Main Segments List |
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Material |
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Size |
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Application |
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Distribution Channel |
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By Region |
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Global Mattress Market size was estimated at USD 42.68 billion in 2021 and is expected to reach USD 82.6 billion in 2032.
The global mattress market is majorly used for giving a pleasant and protective sleep surfaces for individuals. Mattresses are the basic component of the bedding industry and play a main role in maintaining the health of individuals. Mattress are designed for sleeping purposes and available in different sizes as per the necessity.
Spring/Coil Mattress and Queen Size Mattress segment accounted for the largest Global Mattress market share.
Key players: Serta Simmons Bedding, LLC, Sleep Number Corporation, Kingsdown, Inc., Southerland Inc, Grupo Pikolin, King Koil Mattress. Co, Sheela Foam Ltd, Paramount Bed Holdings Co. Ltd, Tempur Sealy International, Inc, American National Manufacturing Inc , Spring Air Company and Other Prominent Players are the key players in the Global Mattress Market.
Increasing Construction Activities Related to Housing and Increasing Awareness Regarding Use of Sustainable Mattress are the factors driving the Global Mattress market.
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