Mattress Market By Type (Innerspring, Latex, Memory Foam, Others) , By Mode of Availability (Online, Offline) By Size (Single Size Mattress, Double Size Mattress, Queen Size Mattress, King Size Mattress) By Industrial Vertical (Hospitality, Healthcare, Personal Care, Educational Institute, Others) : Global Opportunity Analysis and Industry Forecast, 2024-2033
Mattress Market
The mattress market was valued at $37.3 billion in 2023 and is projected to reach $66.5 billion by 2033, growing at a CAGR of 6.1% from 2024 to 2033.
A mattress is a cushiony furnishing material laid on a bed top to provide comfort and support to individuals during sleep. A well-designed mattress is essential for good quality sleep and well-being of individuals. The key features integrated during the designing of mattress are optimal firmness level, breathability, motion isolation, edge support, and temperature regulation. With increasing urbanization & lifestyle changes, mattresses have become an object of aesthetic appeal in households and commercial spaces.
Increase in awareness regarding the importance of sleep on overall health is a key driver of the mattress market. In addition, advancements in technology have led to the production of customizable mattresses that cater to the unique requirements of customers, thereby augmenting the market development. An emerging trend poised to become mainstream in coming years is the adoption of smart mattresses. These mattresses are equipped with sensors & sleep monitors that track the sleeping pattern, heart rate, and movement frequency of individuals, allowing them to modify their sleep cycle for improved health.
However, the presence of multiple manufacturers and retailers leads to pricing pressures, hampering the growth of the mattress market. Furthermore, the extended lifespan of mattress reduces the replacement cycle, resulting in saturation in the market and restraining its development. The International Sleep Products Association reported a 6.8% decline in the sale of mattresses in the U.S. in 2023. On the contrary, rise in the popularity of e-commerce is presenting lucrative opportunities for the mattress market. E-commerce websites are providing manufacturers a platform to expand their operations across the globe, opening new avenues for the market.
Segment ReviewThe mattress market is segmented into type, mode of availability, size, industrial vertical, and region. On the basis of type, the market is divided into innerspring, latex, memory foam, and others. Depending on mode of availability, it is bifurcated into online and offline. As per size, it is classified into single size mattress, double size mattress, queen size mattress, and king size mattress. By industrial vertical, it is categorized into hospitality, healthcare, personal care, educational institute, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key FindingsOn the basis of type, the memory foam segment dominated the market in 2023.
Depending on mode of availability, the online segment held a high share of the market in 2023.
As per size, the queen size mattress acquired a high stake in the market in 2023.
By industrial vertical, the hospitality segment accounted for a high market share in 2023.Region wise, North America was the highest revenue generator in 2023.
Competition AnalysisThe leading players operating in the global mattress market include Sleepwell, Tempur Sealy International Inc., MM Foam, Relyon Limited, Simmons Bedding Company LLC, Duroflex, Rubco, Kurl-on, Serta Inc., and Kingsdown Inc. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships to strengthen their foothold in the competitive market.
Key Market SegmentsBy TypeInnerspring
Latex
Memory Foam
Others
By Mode Of AvailabilityOnline
Offline
By SizeSingle Size Mattress
Double Size Mattress
Queen Size Mattress
King Size Mattress
By Industrial VerticalHospitality
Healthcare
Personal Care
Educational Institute
Others
By RegionNorth America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
Spain
UK
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
Saudi Arabia
Argentina
Rest of LAMEA
Key Market PlayersSleepwell
Tempur Sealy International Inc.
MM Foam
Relyon Limited
Simmons Bedding Company LLC
Duroflex
Rubco
Kurl-on
Serta Inc.
Kingsdown Inc