The global mattress industry is expected to grow at a positive CAGR in the forthcoming years, owing to the rising population and increasing need of a better lifestyle.There has been a considerable rise in the migration from the rural to the urban areas which has led to increasing demand of homes as well as mattresses to sleep on. The trend of nuclear families is also one of the main trends that are expected to upsurge the demand of mattresses in the years to come.
Rising population as well as rise in disposable income has been creating a demand for a better life style. Hence, the trend of eco-friendly mattresses is on the rise. People are gaining awarenesswith respect to their health as well as the environment which is anticipated to upsurge the demand of mattresses in the global market.Owing to the increasing population, home ownership has been exhibiting rise especially in the emerging regions such as Asia-Pacific and Middle East, with dense population of young consumers having preferences in regard to lifestyle. All the aforementioned reasons are expected to drive the market growth.The rise in upgradation of health care facilities and hotels for better service has been one of the major drivers of the mattress industry. However, the high cost of mattress is anticipated to be a major challenge for the mattress industry.
To support the home ownership, Government of India has launched various programs which enables a person to pay for their home in terms of incentives by creating mortgages interest payments.The global mattress in the recent years have turned-out to be a diverse market such that the mattress can be segmented in terms of product which includes innerspring mattress, memory foam mattress, latex mattress and others. Memory foam mattresses have been known for the comfort and pressure relief they offer which in the long run help in maintain posture support as well as optimal blood flow.
All these mattresses serve different needs, such that they can be customized as per an individual’s need. The consumers vary such as sleep sufferers, brand selectors and apathetic individuals for whom, customized mattresses are offered.Gel components as well as reticulated foams are being used by the manufactures which cater to the requirements such as better air-flow as well as better air regulation. Latex foams have been in demand lately owing to their durability.
Mattresses are bifurcated into two categories such as innerspring as well as specialty. Innerspring market have encountered a rise in the regions such as Europe and North America however in Asia-pacific, the mattress market is untapped which is expected to rise significantly in the years to come.The trend of big houses wherein people prefer more than three bedrooms has been on the rise. The demand for mattresses is increasing owing to the aforementioned reasons and is anticipated to drive the market growth in the future.Due to rising income, individuals are ready to pay premium prices for quality a mattress which is anticipated to offer new opportunities for this market.
Sleep quality has been a rising concern for people owing to their busy schedule and mental tiredness for which they prefer customized mattresses. Cotton-filler mattresses are being replaced by the technologically advanced mattresses especially in the developed countries, hence offering new opportunities for the manufacturers.The key market players are Corsicana Bedding Inc., Kingsdown Inc., Reylon Beds, Select Comfort Corporation, Simmons Bedding Company LLC and Southerland Bedding. There has been a rise in competition among the major players due to technological advancements in the mattress industry.
The major players in global market include
• Serta Simmons Bedding
• Tempur Sealy International
• Sleep Number
• Hilding Anders
• King Koil
Geographically, this report is segmented into several key regions, with sales, revenue, market share (%) and growth Rate (%) of Mattress in these regions, from 2012 to 2022 (forecast), covering
• North America
• Asia-Pacific Other
On the basis of product, the Mattress market is primarily split into
• Innerspring mattress
• Foam mattress
• Latex mattress
• Others mattress
On the basis on the end users/Applications, this report covers
• Private Households
Research Support Specialist, USA