25-Oct-2018 | Zion Market Research
With the presence of a large pool of participants, the global mattress market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). Paramount Bed Holdings Co. Ltd., KING KOIL Incorporation, Sealy Corporation, Southerland Bedding Co., and Kingsdown Incorporation are some of the key vendors of mattress across the world. These players are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the mattress market study.
This review is based on a report by Zion Market Research, titled “Mattress Market by Product (Memory foam, Gel, Innerspring, Water bed, Air bed, Latex Mattress, and Adjustable bases), by Size (King size, Double size, Queen, Twin XL, Twin), by End-User (Hotel industry, Household, Hospitals, and Others) - Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024.”- Report at https://www.zionmarketresearch.com/report/mattress-market
Citing an instance, in September 2018, Vystar Corporation – a U.S. based manufacturer and seller of natural rubber latex products – launched the Vytex cloud mattress topper. Reportedly, it is the world’s first product with ultra soft and hundred percent natural latex foam.
As estimated in this report, the global mattress market stood at US$ 27 billion in 2017. Witnessing a tremendous rise during the period from 2018 to 2024, the revenue in this mattress market is expected to reach US$ 43 billion by the end of the forecast period. The main products available in this mattress market are memory foam, gel, innerspring, water bed, air bed, latex mattress, and adjustable bases. Among them, the demand for innerspring is relatively higher and the trend is anticipated to remain so over the next few years, notes the research report.
Extensive Product Use Across Myriad Sectors To Spur Market Size
“Massive product use in hotels, hospitals, and households is likely to boost mattress market size in the years to come,” says the author of this study. Apart from this, rise in the disposable incomes along with favorable government policies pertaining to real estate leading to increase in house ownership is expected to fuel mattress market earnings in the years ahead. In addition, the thriving tourism sector and massively advancing hospitality sector is projected to favorably influence mattress market size in the years ahead.
Rise in the disposable incomes and growing demand for new mattresses are expected to generate lucrative growth opportunities for mattress market over the coming years.
Thriving Construction Sector To Help Asia Pacific Maintain Dominance
Regionally, Asia Pacific has been leading the worldwide mattress market and is anticipated to continue on the dominant position in the years to come, states the mattress market study. Rise in the number of households, escalating construction activities going on in countries such as India and China along with massive acceptance of construction process is the main factor behind the dominance of the Asia Pacific mattress market. The high number of market players being headquartered in Asia Pacific is another significant factor that is supporting this regional mattress market.
The global mattress market is segmented as follows:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed