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Global Mattress Market is Expected to Grow at a CAGR of 6.9% in the Forecast Period of 2021-2026.

According to a new report by EMR titled, ‘Global Mattress Market Report and Forecast 2021-2026’, the global mattress reached a value of around USD 30.4 billion in 2020. The market is likely to increase at a CAGR of 6.9% in the forecast period 2021-2026 to reach a value of around USD 45.4 billion by 2026.

The global mattress market is being driven by the rising demand from the hospitality and healthcare industries. The private and public sectors invest heavily in the healthcare industry to improve healthcare services. For example, as per the Indian flagship program Pradhan Mantri Jan Arogya Yojana (AB-PMJAY), all Ayushman Bharat system will benefit from viability funding of more than 40%, which will give rise to the purchase of additional beds and mattresses for the government as well as semi-government hospitals to improve services in line with the project goals.

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The market is expected to be driven by the growing innovations in mattresses and the introduction of new products by the leading players. In January 2018, Serta Inc., a major player in the market, unveiled its hybrid iComfort cooling technology with TempActiv and a new coil support system that infuses copper into materials like natural latex. It provides immediate contact with the body or the product as copper alleviates pain, reduces inflammation associated with arthritis, helps heal other health problems, and raises the total energy level. In July 2020, Tempur Sealy International Inc (NYSE: TPX), one of the leading key players in the industry, introduced their new collection. The company launched TEMPUR-Ergo® Smart Base Collection, which features sleep tracker technology. Together with its innovative Tempur-Pedic mattresses, TEMPUR-Ergo Smart Base provides a fully integrated system with customised sleep analysis and coaching, plus a special base, which can now respond to snoring and, therefore, can make it much easier to sleep.

Market Analysis by Product, Application, Distribution Channel, and Region:

  • The products include innerspring mattresses, memory foam mattresses, latex mattresses, and airbed mattresses, among others.
  • It finds its application in the household and commercial sectors.
  • The distribution channels of mattress can be divided into offline retail and online retail.
  • The regional markets for mattress include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The rising hospitality sector is driving the growth of the market.
  • The growth in the healthcare sector is providing an impetus for the market growth.
  • The rising demand for housing facilities and the growing real estate industry is driving the market growth.
  • The rising infrastructure and construction industries are boosting the demand for mattress.
  • Various marketing strategies including discounts, offers, and sales are anticipated to aid the market growth.
  • The increasing disposable of consumers is aiding the market growth.
  • The availability of customised mattresses, according to consumer needs, is also a major factor responsible for the market growth.
  • The rising competition between the manufacturers, as well as the spread of numerous outlets and stores, is driving the growth.
  • The rising popularity of online channels is also expected to propel the growth of the sector.

Key Offerings of the Report:

  • The EMR report gives an overview of the global mattress market for the periods (2016-2020) and (2021-2026), covering the products, distribution channels, and applications of the product.
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the regions.
  • An analysis of the regional price trends for the periods of (2016-2020) and (2021-2026) have been given within the report as well.
  • The report by EMR gives an in-depth assessment of the market by providing an analysis of Porter’s Five Forces model.
  • It also gives a detailed SWOT analysis.

The major key players in the global mattress market include companies like Tempur Sealy International, Inc., Serta, Inc., Simmons Bedding Company LLC., Spring Air International, Kingsdown, Inc., Southerland, Inc., and Sleep Number Corporation. The comprehensive report covers their market share, capacity, and latest developments like mergers and acquisitions, and capacity expansions.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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