Mattress Market to Reach US$ 52.63 Billion by 2029

 

A mattress is a sizable, primarily rectangular pad used to support someone who is lying down. It can be set up either as a bed or as a component of a bed that is placed on a bed frame. They consist of a case that is typically made out of heavy cloth and is quilted or otherwise fastened. Alternatively, air or water can be used to fill mattresses. These are typically positioned above a bed base, which can be either solid or elastic. The demand for real estate is increasing, which has increased the sale of home furnishings. With increased awareness, people's desire to do thorough research, evaluate prices and choose wisely when buying mattresses and other sleep solutions have significantly increased. With greater awareness, people desire to do thorough research, evaluate prices, and choose wisely when buying mattresses, especially for health concerns.

According to Marketlook Consulting’s research report “Global Mattress Market Analysis, 2021”, the Global Mattress market is anticipated to grow at a CAGR of 6.4% during 2022-29. The market would reach USD 52.63 Bn by 2029.

Based on Product Type, there are PU Foam, Rubberized Coir, Spring Mattresses, and Others. In 2021, the foam-type segment dominated the global market and accounted for the highest percentage of revenue in 2021. The key benefits such as proper spine alignment, pressure point relief, and resistance to dust mites and allergens are some of the prominent factors contributing to the market growth of this segment.

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Based on the Size Type, the Mattress market is divided into Single, Double, Queen, and King. The queen-size dominated the market in 2021. The segment is expected to dominate in the forthcoming years as well owing to the growing popularity of queen-size mattresses coupled with the with the adoption of queen mattresses in residential sector.

“Global Mattress Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Mattress providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.      

Asia Pacific Dominated the Market

In 2021, Asia Pacific dominated the global industry. The regional market is expected to expand at the fastest CAGR during the forecast period, retaining its dominant position. Significant growth in the home textile sector in countries such as China, India, and Japan has resulted in an abundance of bedding textiles. This, in turn, has increased product application in the residential and commercial sectors as stated in the Marketlook Consulting research report “Global Mattress Market Analysis, 2021”. 

According to Marketlook Consulting’, the key players with a considerable market share in the global Mattress 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., Kurlon Enterprise Limited, Springwel.

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Market Segmentation:

1. By Product Type (PU Foam, Rubberized Coir, Spring Mattresses, Others)
2. By Size Type (Single, Double, Queen, King)
3. By End-Use (Commercial, Residential)
4. By Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa)
5. By Company (Tempur Sealy International, Inc., Serta Simmons Bedding LLC, Spring Air International, Sleep Number Corp., Kingsdown, Inc., Southerland Sleep, Boll & Branch, Casper Sleep Inc., Kurlon Enterprise Limited, Springwel)

Key questions answered in the study:

1. What are the current and future trends of the Mattress industry?
2. How the industry has been evolving in terms of product and size type?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Mattress industry?
5. What is the customer orientation, purchase behavior, and expectations from the Mattress firms across various regions?

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