Global Mattress Market Overview, 2022-27

Global Mattress Market Overview, 2022-27

From the available evidence, it seems certain that the concept of the mattress originated during prehistoric times. With the increasing technological advancements and disposable income, currently, an average consumer replaces a mattress every 8 years. The report on Global Mattress Market Overview, 2022-2027, by Bonafide Research is a balanced blend of factual based information, valuable insights, and implementable recommendations for both, the existing companies in the industry as well as the potential new entrants. The overall mattress market is anticipated to have around USD Billion market size by 2027 and is expected to grow with a CAGR of more than 7%. Mainly attributed to the rising disposable income and increasing awareness among the people about the detrimental effects of chemical-based mattresses, the market is to prove profitable.

Being the oldest form of mattress, the innerspring mattresses are common across the world, holding up to a share of more than 50% in the market. Willingness to explore newer options is the reason for the growth of the different types of mattresses. One of the key trends in the mattress market is the increasing inclination of people toward customized mattresses. Mattress manufacturers such as Tempur Sealy International Inc. have started offering the customization option to customers, where they can modify the thickness, firmness, and size of the mattress according to their preference. Even though the market seems to be opportunistic, the challenges of less spacious houses and a high dominance of the unorganized market in the developing countries hamper the growth.

Highly dominated by offline retailers, the online mattress market is at comparatively a preliminary stage. As the millennial customer are more attracted towards the online shopping methods, that provides added discount and free trials, the online mattress retails is expected to grow with a CAGR of more than 20%, by the forecasted period.

In 2019, the global hotel industry was worth USD 570 Billion. This incline in the hotel industry has a great influence on the mattress market. Commercial grade mattresses are designed for the extra abuse that hotels and resorts get. They have higher coil counts and reinforcements that are only found in commercial grade designs. In addition, the various government policies related to real estate and growing disposable income have led to a surge in the home ownership rate, thereby supporting the growth of the market.

CONSIDERED IN THE REPORT
• Geography: Global
• Base year: 2021-22
• Historical year: 2015-16
• Forecasted year: 2026-27

REGIONS COVERED:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

ASPECTS COVERED IN THE REPORT
• Market Size By Value for the historic period (2016-2021)
• Market Size By Value for the forecast period (2022-2027)
• Market Size By Value for Innerspring Mattress (2016-2027)
• Market Size By Value for Latex Mattress (2016-2027)
• Market Size By Value for Memory Foam Mattress (2016-2027)
• Market Size By Value for Other types of Mattress (2016-2027)
• Market Share by Application (2016, 2021 & 2027F)
• Market Share by Mattress Type (2016, 2021 & 2027F)
• Market Share by Mattress Size (2016, 2021 & 2027F)
• Market Share by Region (2016, 2021 & 2027F)
• Market Share by Country (2016, 2021 & 2027F)
• Market Share by End User (2016, 2021 & 2027F)
• Market Share by Sales Channel (2016, 2021 & 2027F)
• Market Share by Company (2021)

RESEARCH APPROACH: While doing the research, we combine the expertise of our analysts and the capabilities of artificial intelligence. We take into consideration the inputs by the industry experts and leaders gathered through our primary research. We do go through the available secondary data, to understand the business analysts, discover deep insights and ideas from the marketing data. Then to finalize the market, we start collecting financials of each player present in the market including limited, private limited, and LLPs. Moreover, we perform cross-industry, cross-region analysis of the product, and based on collected primary inputs and using statistical modeling we start forecasting the market. We follow our forecasting algorithm, which is unique for each product but giving more weight age to primary inputs. At the same time, the content team starts preparing company profiles, market dynamics, market trends, five forces, and PEST analysis, etc. Once the data expert verifies the data, the team together crosscheck the segmentations, validates the market.

COVID-19 IMPACT: We are in a continuous process of evaluating the impact of the Covid-19 outbreak on the world mattress sector. The first results are already taken into account in this report.

INTENDED AUDIENCE: This report can be useful to industry consultants, manufacturers, suppliers, associations, & organizations related to the industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.