Mattress Market Size, Share, Growth Report 2030

Mattress Market

Mattress Market Size - 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

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

The global Mattress Market size 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 | Industry Share By Product Outlook, Application, And Region.
 

Industry Prospective

The global Mattress Market size 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 mattress 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 mattress market.

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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 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 airbeds, waterbeds, and foam-based mattresses.

Growing residential units and improved standards 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 a 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.

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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 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.

Mattress Market Report Scope:

Report Attributes Report Details
Report Name Mattress Market Research Report
Market Size in 2021 USD 30815.2 Million
Market Forecast in 2028 USD 40129.4062 Million
Compound Annual Growth Rate CAGR of 4.5%
Number of Pages 190
Forecast Units Value (USD Billion), and Volume (Units)
Key Companies Covered 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.
Segments Covered By Product Outlook, By Application, And By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Countries Covered North America: U.S and Canada
Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe
APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific
Latin America: Brazil, Argentina, Chile
The Middle East And Africa: South Africa, GCC, Rest of MEA
Base Year 2021
Historical Year 2016 to 2020
Forecast Year 2022 - 2030
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Recent Developments

  • In March 2022, Duvalay claims the solution to nighttime overheating and sleep sweats with its freshness 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.

Mattress Market: 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.

Mattress Market 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.
  • Groupe Beneteau.

The 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

Methodology

Free Analysis

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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