Mattress Market - Global Industry Analysis

Global Mattress Market 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

Published Date: 23-May-2022 Category: Consumer Goods Report Format : PDF Pages: 190 Report Code: ZMR-1934 Status : Published

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.

Description

Industry Prospective:

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 Market: Overview

A mattress is a large four-sided pad filled with cotton, foam rubber, or an arrangement of coiled springs. It can also be filled with water, air, or a variety of natural fibers. It plays an important role in giving the correct support and comfort to the body, keeping the spine in a neutral position, and easing sleep. It helps to achieve adequate, quality nighttime sleep and promotes good form and posture. It also helps to keep your mental health and emotional health in check. Due to its adverse health benefits, rising demand from the real estate sector to serve the residential needs has led to an increase in the sale of home furnishings such as mattresses, pillowcases, and bed linen thus, thereby supplementing the demand for the product. Increased occurrences of back problems caused by uncomfortable sleeping surfaces are likely to play a vital role in the growth of specialty mattresses such as airbed, waterbed, and foam-based mattresses.

Growing residential units and improved standard of living have created a demand for mattresses all over the country. Additionally, every new hotel requires hundreds of beds and mattresses, and this particular industry appears to be thriving, owing to growth in the construction, real estate, tourism, and hospitality sectors.

COVID-19 Impact:

Covid 19 pandemic has affected the global mattress market in both positive and negative manner. On the positive side, the market growth increased mainly from the commercial sector as there was an increase in demand for beds and mattresses by hospitals and health care centers. On the negative side, from the household sector, the demand has decreased due to the low purchasing power of people. Quarantines and partial factory closures negatively impacted manufacturers in major European, North American, and some APAC countries. This has led to a scarce raw material and final product supply during the pandemic, which has significantly affected the growth of the mattress industry. The availability of mattresses online helped increase sales in the pandemic as it is easy to buy mattresses from e-retail stores. On the other hand, after the pandemic, the market is set to grow more because of the reopening of manufacturing activity and sales, both offline and online.

Global Mattress Market

Mattress Market: Growth Drivers

Increasing construction of residential complexes and growing instances of back and posture-related problems

The desire for home renovation and interior design is a huge driver of the global mattress market. People are renovating their living spaces to make them healthier and more functional. As the Market introduces new types of mattresses, people prefer switching up their mattresses with time. Also, people becoming more health-conscious are keen on taking care of their back problems and investing in good mattresses for their posture-related problems. These factors are fueling the growth of the global mattress market.

Mattress Market: Restraints

Fluctuations in raw material prices

The sourcing of raw materials for the manufacturing of mattresses is a restraint. Mattress producers do not easily source the raw materials to produce mattresses. While large-scale manufacturers can easily source the materials, small-scale manufacturers often fail to get hold of high-quality raw materials for mattress making. This, eventually, hampers equal opportunities for growth within the global market.

Mattress Market: Segmentation

The global Mattress market is segregated based on product outlook and application.

By product outlook, the global market is distinguished into Innerspring, Latex, Memory Foam, and Others. Out of these bifurcations, the innerspring will dominate by demand and Market share. as these types of mattresses are highly durable with a long lifetime and offer good ventilation. Innerspring mattresses are not only comfortable for sleeping but also budget-friendly since they are usually made of low-cost material, which makes them highly affordable for price-sensitive markets like India. Therefore, they are popular among middle and lower-income groups.

By applications, application, the global market is bifurcated into Domestic and Commercial. The commercial sector includes hotels, lodges, and hospitals, where beds are used regularly. However, the residential 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.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Recent Developments

  • In March 2022, Duvalay claims the solution to nighttime overheating and sleep sweats with its freshtec cooling mattress topper. The topper fits over your existing mattress and functions as a second, much thinner mattress on which you can sleep. The Duvalay freshtec is made of foam, but it is designed to combat some foam mattresses' impact of reflecting heat to you as you sleep. The Duvalay freshtec has a cell structure that allows for free air circulation.
  • In April 2018, Kingsdown Inc. declared its merger with Owen & Company, a manufacturer of handcrafted luxury mattresses, working in Canada under the Kingsdown brand. This merger is supported by Novacap, a Canadian private equity firm.
  • Kurlon Enterprise Limited introduced the Kurlopedic technology, which is helpful in making the mattress better and more durable. It provides uniform space and good back support and comfort throughout the night.

Regional Landscape

The Asia Pacific, with two highly populated countries, China and India, is the most lucrative market for the sales of mattresses and is expected to dominate the global market over the forecast period. High population and disposable income are projected to drive the global market in developing countries of APAC and Latin America such as India, Brazil, and South Africa. Followed by it, North America has the largest market value in the mattress market. The European market is expected to witness significant growth in the coming years owing to an increasing consumer shift towards large houses and a growing preference for multiple bedrooms in the house. Demand for mattresses in the healthcare industry is growing in nursing homes, clinics, and hospitals.

Competitive Landscape

Some of the main competitors dominating 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.

Global mattress market is segmented as follows:

By Product Outlook

  • Innerspring
  • Latex
  • Memory Foam
  • Others

By Application

  • Domestic
  • Commercial

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Mattress Market, (2022 - 2028) (USD Billion))
    • 2.2 Global Mattress Market : snapshot
  • Chapter 3. Global Mattress Market - Industry Analysis
    • 3.1 Mattress Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Increasing construction of residential complexes and growing instances of back and posture-related problems
    • 3.3 Market Restraints
      • 3.3.1. Fluctuations in raw material prices
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Product Outlook
      • 3.7.2 Market attractiveness analysis By Application
  • Chapter 4. Global Mattress Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Mattress Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Mattress Market - Product Outlook Analysis
    • 5.1 Global Mattress Market overview: By Product Outlook
      • 5.1.1 Global Mattress Market share, By Product Outlook, 2021 and 2028
    • 5.2 Innerspring
      • 5.2.1 Global Mattress Market by Innerspring, 2022 - 2028 (USD Billion))
    • 5.3 Latex
      • 5.3.1 Global Mattress Market by Latex, 2022 - 2028 (USD Billion))
    • 5.4 Memory Foam
      • 5.4.1 Global Mattress Market by Memory Foam, 2022 - 2028 (USD Billion))
    • 5.5 Others
      • 5.5.1 Global Mattress Market by Others, 2022 - 2028 (USD Billion))
  • Chapter 6. Global Mattress Market - Application Analysis
    • 6.1 Global Mattress Market overview: By Application
      • 6.1.1 Global Mattress Market share, By Application, 2021 and 2028
    • 6.2 Domestic
      • 6.2.1 Global Mattress Market by Domestic, 2022 - 2028 (USD Billion))
    • 6.3 Commercial
      • 6.3.1 Global Mattress Market by Commercial, 2022 - 2028 (USD Billion))
  • Chapter 7. Mattress Market - Regional Analysis
    • 7.1 Global Mattress Market Regional Overview
    • 7.2 Global Mattress Market Share, by Region, 2021 & 2028 (USD Billion))
    • 7.3. North America
      • 7.3.1 North America Mattress Market, 2022 - 2028 (USD Billion))
        • 7.3.1.1 North America Mattress Market, by Country, 2022 - 2028 (USD Billion))
    • 7.4 North America Mattress Market, by Product Outlook, 2022 - 2028
      • 7.4.1 North America Mattress Market, by Product Outlook, 2022 - 2028 (USD Billion))
    • 7.5 North America Mattress Market, by Application, 2022 - 2028
      • 7.5.1 North America Mattress Market, by Application, 2022 - 2028 (USD Billion))
    • 7.4. Europe
      • 7.4.2 Europe Mattress Market, 2022 - 2028 (USD Billion))
        • 7.4.2.1 Europe Mattress Market, by Country, 2022 - 2028 (USD Billion))
    • 7.4 Europe Mattress Market, by Product Outlook, 2022 - 2028
      • 7.4.1 Europe Mattress Market, by Product Outlook, 2022 - 2028 (USD Billion))
    • 7.5 Europe Mattress Market, by Application, 2022 - 2028
      • 7.5.1 Europe Mattress Market, by Application, 2022 - 2028 (USD Billion))
    • 7.5. Asia Pacific
      • 7.5.3 Asia Pacific Mattress Market, 2022 - 2028 (USD Billion))
        • 7.5.3.1 Asia Pacific Mattress Market, by Country, 2022 - 2028 (USD Billion))
    • 7.4 Asia Pacific Mattress Market, by Product Outlook, 2022 - 2028
      • 7.4.1 Asia Pacific Mattress Market, by Product Outlook, 2022 - 2028 (USD Billion))
    • 7.5 Asia Pacific Mattress Market, by Application, 2022 - 2028
      • 7.5.1 Asia Pacific Mattress Market, by Application, 2022 - 2028 (USD Billion))
    • 7.6. Latin America
      • 7.6.4 Latin America Mattress Market, 2022 - 2028 (USD Billion))
        • 7.6.4.1 Latin America Mattress Market, by Country, 2022 - 2028 (USD Billion))
    • 7.4 Latin America Mattress Market, by Product Outlook, 2022 - 2028
      • 7.4.1 Latin America Mattress Market, by Product Outlook, 2022 - 2028 (USD Billion))
    • 7.5 Latin America Mattress Market, by Application, 2022 - 2028
      • 7.5.1 Latin America Mattress Market, by Application, 2022 - 2028 (USD Billion))
    • 7.7. The Middle-East and Africa
      • 7.7.5 The Middle-East and Africa Mattress Market, 2022 - 2028 (USD Billion))
        • 7.7.5.1 The Middle-East and Africa Mattress Market, by Country, 2022 - 2028 (USD Billion))
    • 7.4 The Middle-East and Africa Mattress Market, by Product Outlook, 2022 - 2028
      • 7.4.1 The Middle-East and Africa Mattress Market, by Product Outlook, 2022 - 2028 (USD Billion))
    • 7.5 The Middle-East and Africa Mattress Market, by Application, 2022 - 2028
      • 7.5.1 The Middle-East and Africa Mattress Market, by Application, 2022 - 2028 (USD Billion))
  • Chapter 8. Company Profiles
    • 8.1 Avon Marine
      • 8.1.1 Overview
      • 8.1.2 Financials
      • 8.1.3 Product Portfolio
      • 8.1.4 Business Strategy
      • 8.1.5 Recent Developments
    • 8.2 Azimut Benetti S.p.A.
      • 8.2.1 Overview
      • 8.2.2 Financials
      • 8.2.3 Product Portfolio
      • 8.2.4 Business Strategy
      • 8.2.5 Recent Developments
    • 8.3 Baja Marine
      • 8.3.1 Overview
      • 8.3.2 Financials
      • 8.3.3 Product Portfolio
      • 8.3.4 Business Strategy
      • 8.3.5 Recent Developments
    • 8.4 Bavaria Yachtbau GmbH
      • 8.4.1 Overview
      • 8.4.2 Financials
      • 8.4.3 Product Portfolio
      • 8.4.4 Business Strategy
      • 8.4.5 Recent Developments
    • 8.5 Bombardier Recreational Products (BRP) Inc.
      • 8.5.1 Overview
      • 8.5.2 Financials
      • 8.5.3 Product Portfolio
      • 8.5.4 Business Strategy
      • 8.5.5 Recent Developments
    • 8.6 Brunswick Corporation
      • 8.6.1 Overview
      • 8.6.2 Financials
      • 8.6.3 Product Portfolio
      • 8.6.4 Business Strategy
      • 8.6.5 Recent Developments
    • 8.7 Farr Yacht Design Ltd.
      • 8.7.1 Overview
      • 8.7.2 Financials
      • 8.7.3 Product Portfolio
      • 8.7.4 Business Strategy
      • 8.7.5 Recent Developments
    • 8.8 Groupe Beneteau.
      • 8.8.1 Overview
      • 8.8.2 Financials
      • 8.8.3 Product Portfolio
      • 8.8.4 Business Strategy
      • 8.8.5 Recent Developments

Table Of Figures

  • 1. Market research Type
  • 2. Market research methodology
  • 3. Global Mattress Market, 2022 - 2028 (USD Billion))
  • 4. Porter’s Five Forces Analysis
  • 5. Global Mattress Market attractiveness, By Product Outlook
  • 6. Global Mattress Market attractiveness, By Application
  • 7. Global Mattress Market share by Product Outlook, 2022 and 2028 (USD Billion))
  • 8. Global Mattress Market by Innerspring, 2022 - 2028 (USD Billion))
  • 9. Global Mattress Market by Latex, 2022 - 2028 (USD Billion))
  • 10. Global Mattress Market by Memory Foam, 2022 - 2028 (USD Billion))
  • 11. Global Mattress Market by Others, 2022 - 2028 (USD Billion))
  • 12. Global Mattress Market share by Application, 2022 and 2028 (USD Billion))
  • 13. Global Mattress Market by Domestic, 2022 - 2028 (USD Billion))
  • 14. Global Mattress Market by Commercial, 2022 - 2028 (USD Billion))
  • 15. Global Mattress Market share, by Region, 2022 and 2028
  • 16. North America Mattress Market, 2022 - 2028 (USD Billion))
  • 17. Europe Mattress Market, 2022 - 2028 (USD Billion))
  • 18. Asia Pacific Mattress Market, 2022 - 2028 (USD Billion))
  • 19. Latin America Mattress Market, 2022 - 2028 (USD Billion))
  • 20. The Middle-East and Africa Mattress Market, 2022 - 2028 (USD Billion))

Table Of Tables

  • 1. Global Mattress Market: Snapshot
  • 2. Drivers of the Mattress Market: impact analysis
  • 3. North America Mattress Market revenue, By Product Outlook, 2022 - 2028 (USD Billion))
  • 4. North America Mattress Market revenue, By Application, 2022 - 2028 (USD Billion))
  • 5. U.S. Mattress Market revenue, By Product Outlook, 2022 - 2028 (USD Billion))
  • 6. U.S. Mattress Market revenue, By Application, 2022 - 2028 (USD Billion))
  • 7. Canada Mattress Market revenue, By Product Outlook, 2022 - 2028 (USD Billion))
  • 8. Canada Mattress Market revenue, By Application, 2022 - 2028 (USD Billion))
  • 9. Europe Mattress Market revenue, By Product Outlook, 2022 - 2028 (USD Billion))
  • 10. Europe Mattress Market revenue, By Application, 2022 - 2028 (USD Billion))
  • 11. Germany Mattress Market revenue, By Product Outlook, 2022 - 2028 (USD Billion))
  • 12. Germany Mattress Market revenue, By Application, 2022 - 2028 (USD Billion))
  • 13. France Mattress Market revenue, By Product Outlook, 2022 - 2028 (USD Billion))
  • 14. France Mattress Market revenue, By Application, 2022 - 2028 (USD Billion))
  • 15. U.K. Mattress Market revenue, By Product Outlook, 2022 - 2028 (USD Billion))
  • 16. U.K. Mattress Market revenue, By Application, 2022 - 2028 (USD Billion))
  • 17. Italy Mattress Market revenue, By Product Outlook, 2022 - 2028 (USD Billion))
  • 18. Italy Mattress Market revenue, By Application, 2022 - 2028 (USD Billion))
  • 19. Spain Mattress Market revenue, By Product Outlook, 2022 - 2028 (USD Billion))
  • 20. Spain Mattress Market revenue, By Application, 2022 - 2028 (USD Billion))
  • 21. Rest of Europe Mattress Market revenue, By Product Outlook, 2022 - 2028 (USD Billion))
  • 22. Rest of Europe Mattress Market revenue, By Application, 2022 - 2028 (USD Billion))
  • 23. Asia Pacific Mattress Market revenue, By Product Outlook, 2022 - 2028 (USD Billion))
  • 24. Asia Pacific Mattress Market revenue, By Application, 2022 - 2028 (USD Billion))
  • 25. China Mattress Market revenue, By Product Outlook, 2022 - 2028 (USD Billion))
  • 26. China Mattress Market revenue, By Application, 2022 - 2028 (USD Billion))
  • 27. Japan Mattress Market revenue, By Product Outlook, 2022 - 2028 (USD Billion))
  • 28. Japan Mattress Market revenue, By Application, 2022 - 2028 (USD Billion))
  • 29. India Mattress Market revenue, By Product Outlook, 2022 - 2028 (USD Billion))
  • 30. India Mattress Market revenue, By Application, 2022 - 2028 (USD Billion))
  • 31. South Korea Mattress Market revenue, By Product Outlook, 2022 - 2028 (USD Billion))
  • 32. South Korea Mattress Market revenue, By Application, 2022 - 2028 (USD Billion))
  • 33. South-East Asia Mattress Market revenue, By Product Outlook, 2022 - 2028 (USD Billion))
  • 34. South-East Asia Mattress Market revenue, By Application, 2022 - 2028 (USD Billion))
  • 35. Rest of Asia Pacific Mattress Market revenue, By Product Outlook, 2022 - 2028 (USD Billion))
  • 36. Rest of Asia Pacific Mattress Market revenue, By Application, 2022 - 2028 (USD Billion))
  • 37. Latin America Mattress Market revenue, By Product Outlook, 2022 - 2028 (USD Billion))
  • 38. Latin America Mattress Market revenue, By Application, 2022 - 2028 (USD Billion))
  • 39. Brazil Mattress Market revenue, By Product Outlook, 2022 - 2028 (USD Billion))
  • 40. Brazil Mattress Market revenue, By Application, 2022 - 2028 (USD Billion))
  • 41. Mexico Mattress Market revenue, By Product Outlook, 2022 - 2028 (USD Billion))
  • 42. Mexico Mattress Market revenue, By Application, 2022 - 2028 (USD Billion))
  • 43. Rest of Latin America Mattress Market revenue, By Product Outlook, 2022 - 2028 (USD Billion))
  • 44. Rest of Latin America Mattress Market revenue, By Application, 2022 - 2028 (USD Billion))
  • 45. The Middle-East and Africa Mattress Market revenue, By Product Outlook, 2022 - 2028 (USD Billion))
  • 46. The Middle-East and Africa Mattress Market revenue, By Application, 2022 - 2028 (USD Billion))
  • 47. GCC Countries Mattress Market revenue, By Product Outlook, 2022 - 2028 (USD Billion))
  • 48. GCC Countries Mattress Market revenue, By Application, 2022 - 2028 (USD Billion))
  • 49. South Africa Mattress Market revenue, By Product Outlook, 2022 - 2028 (USD Billion))
  • 50. South Africa Mattress Market revenue, By Application, 2022 - 2028 (USD Billion))
  • 51. Rest of Middle-East Africa Mattress Market revenue, By Product Outlook, 2022 - 2028 (USD Billion))
  • 52. Rest of Middle-East Africa Mattress Market revenue, By Application, 2022 - 2028 (USD Billion))

Methodology

Free Analysis

A mattress is a rectangular or square shaped large pad that supports reclining body and is designed to be used on a bed frame or as a bed. Mattresses consist of a quilted or fastened case of heavy cloth that contains foam rubber, cotton, straw, hair, metal springs, etc. Mattresses are also filled with water or air. There are many types of mattresses available in the market; most producers manufacture more than one type. Multiple varieties are produced through different manufacturing processes with varied cost. 

Escalating number of home ownership and rising home refurbishment pursuits are propelling mattresses sales. A revival of the economy in North American and European countries post economic slump of 2008 has registered an upward trend of new houses sales. In spite of the increased number of houses built in 2014, a number of new homes constructed in the UK were less than half required to fulfill the demand. As per “Department for Communities and Local Government” UK, 118,760 houses were completed in 2014, registering an increase of 8% as compared to previous year. This figure was quite below the mark of 250,000 houses that were required to tackle the housing crises in the country.

Global Mattress Market

Luxurious mattresses are majorly deployed in hotels for the customer’s comfort and pleasing appearance. The global hotel industry has generated revenue of nearly USD 550 billion in 2016 and was USD 457 billion in 2011. This indicates an increase of USD 100 billion in 5 years of time span, justifying the potential of the hospitality industry. Globally hospitality, tourism, and travel sectors are crucial for job creation and economic development. In the current era, where transport is becoming more affordable along with blurring country’s borders, tourism and travel will remain a significant sector in the near future. The Asia Pacific and Europe are the key regions with the highest hotel occupancy rates of nearly 68%. The Middle East and Africa is the most expensive region, the hotel room rates with an average price of USD 165.97.

Global mattress market is classified according to its products as memory foam, gel, innerspring, water bed, air bed, latex mattress, and adjustable bases. Based on the size, global mattress market is bifurcated as king size, double size, queen, twin XL, and twin. Various end-use industries deploying mattress are hospitals, household, hotel, and others. 

Global mattress market is divided into prominent regions such as Europe, Asia Pacific, North America, Latin America, and the Middle East & Africa. The Asia Pacific is leading in terms of revenue generation in the industry owing to its strengthening economies that have grown in the construction industry. Further, the rising number of households spending heavily on premium home furnishing will give a positive outlook to the regional market during the forecast timeframe. 

Key players in global mattress market are Paramount Bed Holdings Co. Ltd., KING KOIL Inc., Sealy Corporation, Southerland Bedding Co., Kingsdown Inc., Select Comfort, Spring Air Company, Simmons Bedding Company LLC, Serta Inc., and Tempur-Pedic International Inc. 

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FrequentlyAsked Questions

The desire for home renovation and interior design is a huge driver of the global mattress market. People are renovating their living spaces to make them healthier and more functional. As the Market introduces new types of mattresses, people prefer switching up their mattresses with time. Also, people becoming more health-conscious are keen on taking care of their back problems and investing in good mattresses for their posture-related problems. These factors are fueling the growth of the global mattress market.

According to the Market Research report, 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 Asia Pacific, with two highly populated countries, China and India, is the most lucrative market for the sales of mattresses and is expected to dominate the global market over the forecast period. High population and disposable income are projected to drive the global market in developing countries of APAC and Latin America such as India, Brazil, and South Africa.

Some of the main competitors dominating 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.

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