Mattress Market Introduction:
A mattress is a large, rectangular piece of furniture used for sleeping or resting. It is typically placed on a bed frame. Mattresses can be made of a variety of materials for the comfort layers and support cores. Common materials include innerspring coils, memory foam, latex, and hybrid forms of these materials.
The main goal of a mattress is to support and comfort the body while it sleeps, minimizing pressure points and helping to maintain good spinal alignment. A quality mattress ensures a restful night's sleep, which supports healthy sleep patterns and improves overall wellbeing. Firmness, materials, size, and durability are significant factors to consider when choosing a mattress, depending on personal preferences and needs.
With a projected CAGR of 8.3% from 2024 to 2035, the mattress industry, which was valued at USD 41.5 billion in 2023, is expected to grow to USD 109.1 billion by 2035.
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A mattress is a necessary item for any home and is utilized in every setting. As a result, well-known mattress companies have a substantial clientele. The need for the product has increased due to increased sales of home furnishings, such as mattresses, pillowcases, and bed linens, as a result of the real estate industry's growing need to satisfy residential needs. The expansion of the hotel and healthcare industries is one of the key factors driving the worldwide market. Bedding products have shown a consistent demand over time as a staple component of furniture for homes.
Customers that are looking into e-commerce furnishing websites more and more are driving the market. The requirement for hospital beds is growing, so the mattress industry will need to deliver a significant quantity of mattresses throughout the duration of the epidemic.
Opportunities of Mattress Market:
People are beginning to understand the connection between healthy sleep and wellbeing. Positive lifestyle modifications for improved health are becoming more and more popular. People are replacing their mattresses since there are various health benefits associated with doing so. The mattress market has an opportunity because individuals are thinking smaller and changing their living spaces for greater health. By creating better mattresses than they have in the past, businesses can satisfy these consumers. One industry that stands to gain from this potential is orthopaedic and memory foam mattresses.
Top Leading Key Companies Involved in this market are:
- Tempur Sealy International, Inc.
- Serta Simmons Bedding LLC
- Spring Air International
- Sleep Number Corp
- Kingsdown, Inc.
- Southerland Sleep
- Boll & Branch
- Casper Sleep Inc.
Challenges of Mattress Market:
One of the main issues with factory-made mattresses is their availability. Handcrafted mattresses are still the preferred option for many working-class and low-income homes. This restrains the growth of mattress market revenue. Not many individuals still buy mattresses that are made in a commercial setting, despite the fact that living standards have increased over time. Several people decide against using commercial mattresses because handcrafted mattresses are not only very comfortable but also reasonably priced. Thus, this business will present difficulties for the mattress market.
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Market Segments:
By Demographics
- Children's Mattresses
- Teen Mattresses
- Adult Mattresses
- Senior Mattresses
By Size
- Twin/Single Mattresses
- Twin XL Mattresses
- Full/Double Mattresses
- Queen Mattresses
- King Mattresses
- California King Mattresses
By Sales Channel
- Brick-and-Mortar Retailers
- Online Retailers
- Specialty Stores
- Mattress Boutiques
Market Regional Analysis:
Major geographic regions, including North America, Europe, Asia Pacific, South America, and MEA, are included in the data of the mattress market analysis.
According to data on the mattress market, Asia Pacific was valued at USD 15.87 billion in 2023 and is projected to grow at a compound annual growth rate of 7% to reach a value of USD 38.79 billion by 2035.
A number of significant factors are influencing customer choices and industry dynamics in the APAC mattress market. The growing need for specialty and high-end mattresses is one notable development. With rising discretionary incomes in the area, buyers are prepared to spend more on premium mattresses with features like cooling gel, memory foam, and hybrid construction that provide better support and comfort.
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