Mattress Market To Record Impressive Growth, Revenue To Surge To US$43 Billion By 2024

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

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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.

Global Mattress Market

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:

By Product

  • Memory foam
  • Gel
  • Innerspring
  • Water bed
  • Air bed
  • Latex mattress
  • Adjustable bases

 By Size

  • King size
  • Double size
  • Queen
  • Twin XL
  • Twin

By End-User

  • Hotel industry
  • Household
  • Hospitals
  • Others

By Region

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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