23-May-2022 | Zion Market Research
The global Mattress Market was worth around USD 30815.2 million in 2021 and is estimated to grow to about USD 40129.4062 million by 2028, with a compound annual growth rate (CAGR) of approximately 4.5 percent over the forecast period. The report analyzes the digital remittance market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the digital remittance market.
Mattress system now offers consumers a wide range of features and options that can help to provide a comfortable and restful sleeping experience. Advanced mattress selections now extend to comprise models and sleeping systems that offer alternative materials and construction methods, as well as integrated controls that enable consumers to personalize their mattresses to their own unique requirements. Bedding products being a common household item have experienced a constant demand over the years. Increased incidences of back problems caused mainly by uncomfortable sleeping surfaces are likely to play a major role in the growth of specialty mattresses.
Increasing disposable income, along with the surge in homeownership, which is on an average of 69.6% across the globe, is expected to fuel the demand for the product over the forecast period. The demand for mattresses also comes from the healthcare industry, i.e., hospitals that are in constant need of bedding, especially during the pandemic. Both the private and government sectors are making significant investments in the healthcare industry to develop infrastructure and expand healthcare facilities. This has been a contributing factor in the growth of the global mattress market. The growing trend of home décor has also greatly contributed to the growth of the market. However, household and hospitality need for mattresses has seen a decline in demand over pandemic years as it reduced the overall purchasing power of people globally.
The global Mattress market is segregated based on product outlook and application. Based on product outlook, the global market is distinguished into Innerspring, Latex, Memory Foam, and Others. Based on application, the global market is bifurcated into Domestic and Commercial. The domestic segment will get a boost in mattress purchases as disposable incomes grow over time. The sale of mattresses to the commercial segment had taken a hit during the pandemic, and it will revive in the future.
The Asia-Pacific region is expected to be dominant throughout the forecast period owing to the rising disposable income and large population of India, China, and Indonesia. This large population contributes to the demand for consumer goods, including mattresses. With the growing economic stability of the middle-class population, its tendency to spend is increasing, thus leading to improved standards of living. Therefore, the increasing purchasing power of people is expected to support APAC in remaining the largest buyer of mattresses till 2028. Followed by it, North America has the largest market value in the mattress market. The market in Europe is expected to witness substantial growth in the coming years owing to an increasing consumer shift towards large houses and a growing preference for multiple bedrooms in the house.
Key players functioning in the global mattress market include Avon Marine; Azimut Benetti S.p.A.; Baja Marine; Bavaria Yachtbau GmbH; Bombardier Recreational Products (BRP) Inc.; Brunswick Corporation; Farr Yacht Design, Ltd.; and Groupe Beneteau.
Browse the full “Global Mattress By Product Outlook (Innerspring, Latex, Memory Foam, and Others), By Application (Domestic and Commercial), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 – 2028.” Report at https://www.zionmarketresearch.com/report/mattress-market
Global mattress market is segmented as follows:
By Product Outlook
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