Press release
Mattress Market is expected to grow by $79.04 bn during 2022-2028, accelerating at a CAGR of 6.7% during the forecast period
Global Mattress Market size is projected to reach USD 79.04 Billion by 2028 from an estimated USD 53.56 Billion in 2021, growing at a CAGR of 6.7% globally.
A mattress is a sizable, typically rectangular pad used to support someone who is lying down. It is made to be used as a bed or as a component of a bed when mounted on a bed frame. Mattresses can be made of a quilted or similarly secured case made of thick fabric, usually incorporating materials like cotton, wool, straw, foam rubber, or a metal spring framework. Air or water may also be used to fill mattresses. A typical mattress has two main sections: the core, also known as the "support layer," and the upholstery, often known as the "comfort layer," both of which are encased in a thick fabric known as ticking. Innerspring mattresses, memory foam mattresses, latex mattresses, and hybrid mattresses are some types of mattresses.
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Market Dynamics:
Driver:
The primary reason fueling the expansion of the mattress market is the inclination of consumers to purchase new goods. In the world, a big number of internet industries sell innovative, beneficial products, including mattresses. People are interested in purchasing mattresses both online and offline, which drives the expansion of the mattress industry. In addition, a change in lifestyle, a stressful schedule, and a shift in eating habits can cause serious emotional distress. People are more conscious of the difficulties connected with restless sleep. Therefore, people are drawn to products that bring comfort. That supports the growth of the market
Opportunities:
Different global internet marketplaces for the selling of multiple products, including mattresses, present a lucrative prospect for the mattress industry. A big number of buyers choose the internet mattress market since they can compare the product to other websites, sizes, shapes, and materials, allowing them to select the superior products. Consumers are more aware of the benefits of online shopping. According to Statista, global retail e-commerce sales accounted for $4.9 trillion in 2021. This is a tremendous opportunity for the mattress market in the foreseeable future.
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Segmentation Analysis Of Mattress Market
By Type, innerspring mattresses are expected to have the maximum market share in mattresses during the forecast year. This mattress is bouncy.
By Application, the private household segment is projected to have the maximum market share in the market of mattresses during the forecast year.
By Type
• Innerspring mattress
• Foam mattress
• Latex mattress
By Deployment Method
• Private Households
• Hotels
• Hospitals
Regional Analysis Of Mattress Market
North America dominates the Mattress Market. The innerspring mattress is mostly sold in the North American region. The North American peoples consume luxury and premium quality products. Increasing the launching of new products across the distribution channels. Additionally, rising the construction, of hospitals, and the number of tourists, and hospitals in this region. These factors help to increase the mattress market in the projected timeframe.
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By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)
Top Key Players Covered In Mattress Market
• Casper Sleep Inc (New York, United States)
• Corsicana Bedding Inc (Dallas, United States)
• Innocor Inc (Red Bank, United States)
• King Koil (Willowbrook, United States)
• Kingsdown Inc (Mebane, United States)
• Paramount Bed Co. Ltd (Tokyo, Japan)
• Relyon Limited (Wellington, United Kingdom)
• Restonic Mattress Corporation (Buffalo, United States)
• Serta Simmons Bedding LLC (Atlanta, United States)
• Silentnight Group Ltd (Preston, United Kingdom)
• Sleep Number Corporation (Minneapolis, United States)
• Spring Air International (Woburn United States)
• Tempur Sealy International Inc (Lexington, United States)
Key Industry Development In The Mattress Market
In March 2022, Artificial Intelligence based smart bed is launched by Sleep Number Corporation under the Sleep Number 360 brand. This new product contains advanced sensors that proactively monitor and improve the user's sleep.
In April 2021, a four-model Breathe collection of mattresses was launched by Spring Air International. These models provide protection from bacteria and viruses for a healthier sleep.
Table Of Content: -
Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Type
3.2 By Application
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 5: Mattress Market by Type
5.1 Mattress Market Overview Snapshot and Growth Engine
5.2 Mattress Market Overview
5.3 Innerspring Mattress
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2016-2028F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Innerspring Mattress: Grographic Segmentation
5.4 Foam Mattress
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size (2016-2028F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Foam Mattress: Grographic Segmentation
5.5 Latex Mattress
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size (2016-2028F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 Latex Mattress: Grographic Segmentation
Chapter 6: Mattress Market by Application
To Be Continue…
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