Global Mattress Market – Size, Outlook, Trends and Forecast (2024

Global Mattress Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

The mattress is a large pad for supporting the sleeping position of the body and used explicitly as a part of the bed. Mattresses are formed from natural materials, including straw and feathers. Modern mattresses mostly contain either inner spring core or other material such as latex, elastic or other polyurethane-type foams. Some mattresses are additionally filled with air or water or a spread of natural fibres, known as futons. In past decades, people used to buy cotton or coir and then turn them into the mattress. Later on, the mattress got diversion with the rubber and latex, and this created some way to the industrialisation of the sleeping mattress.

Global Mattress Market Size & Growth:

The Global Mattress Market was valued at $27.87 billion in 2017 and is projected to reach $43.43 billion by 2025, growing at a CAGR of 6.5% in global forecast period 2019 to 2025.

The growth of the hospitality sector worldwide owes to an increase in market growth.

On the flip side, Scarce availability of raw materials for mattresses leads to an increase in the price of premium products. Consumers are much interested in the focus on sleep quality tends to raise the market growth.

Global Mattress Market Share:

The global mattress market is segmented regarding product type, size, and region. Depending upon product type the market is segmented into memory foam, innerspring, hybrid, latex mattresses, gel-filled mattress, water-filled mattress, and air-filled mattress. On all of them, innerspring holds are estimated to reach 77.3% market share among the overall mattress market share by 2024. Increasing incidence of back disorders that are related to uncomfortable sleeping surfaces is the key factor behind the growth of innerspring

Global Mattress Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

mattress segment. The rising number of wealthy consumers in developing economies is also strengthening demand.

Concerning size, the market is divided into a twin, twin XL, queen, double size, and king size. Among them, the queen size mattress displays the leading demand accounting for the leading revenue generation to the overall market. Queen size mattress is best suited for apartments, which are most popular in metropolitan areas of large cities. On the other hand, full or double size segment is projected to witness moderate demand through 2024. However, the twin XL segment is predicted to expand at a significant CAGR of 5.8% of the overall market share by 2024.

By application, the growth of the hospitality sector across the globe is also owing to boost the growth of the mattress market. International hotel chains especially show interest in the demand for high quality of mattress that helps in excellent comfort and sound sleep. The matrices market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status.

By geography, the market is classified into North America, South America Asia Pacific, Europe, and the Middle East and Africa. Among all these Asia Pacific is the currently leading market in the mattress. Major factors that are helping the Asia Pacific are rising number of affluent households in emerging economies that spend liberally on premium home furnishing is boosting the mattress in the Asia Pacific. According to global mattress market overview, the market share of unorganised players is expected to drop drastically in the coming years in the global forecast period 2019-2025.

Major players operating the mattress market include vital companies currently operating

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Global Mattress Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

in the global mattress market include Tempur-Pedic International Inc, Serta Inc., Simmons Bedding Company LLC, Spring Air Company, Select Comfort, Kingsdown Inc., Southerland Bedding Co., Sealy Corporation, KING KOIL Inc., and Paramount Bed Holdings Co. Ltd.

Global Mattress Market Trends:

June 2017 – Paramount Bed Asia Pacific Pte., Ltd. celebrated the beginning of a partnership with variance trading at the Edsa Shangri-La Hotel in Manila.
May 2018 – Century mattress launces signature collection in India.

Global Mattress Market Research Report:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have a complete market analysis through industry value chain analysis, Porter’s five, PESTLE, SWOT analysis, and Y-o-Y analysis.
Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact on altering the market dynamics.
Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial analysis with significant competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
Identify the latest developments, market shares and strategies that are employed by the major market players, such as
- Paramount bed holdings co. Ltd
- King Koil inc
- Kingsdown inc
- Southerland bedding co
- Sealy Corporation

Along with these companies, there were many other companies considered/ cited in the report while analysing the mattress market. These companies hold substantial share-owning to the nature of the industry whereas the rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and stable customer base.

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