Global Mattress Market is Expected to Grow at a CAGR of 6.9% in the Forecast Period of 2024-2032

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.

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.

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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 (2018-2023) and (2024-2032), covering the products, distribution channels, and applications of the product.

• The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the regions.

• An analysis of the regional price trends for the periods of (2018-2023) and (2024-2032) 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.

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