Mattress Market by Material (Spring/Coil, Foam, Latex, Other Materials), Size, Application, and Geography - Global Industry Analysis, Opportunities and Forecast up to 2030

Mattress Market by Material (Spring/Coil, Foam, Latex, Other Materials), Size, Application, and Geography - Global Industry Analysis, Opportunities and Forecast up to 2030

Mattress Market Size

The global mattress market size was valued at $57.19 billion in 2024 and is projected to reach $82.51 billion by 2030, growing at a CAGR of 6.3% during the forecast period.

Mattress Market Overview

Mattresses serve as foundational elements in the realm of sleep and relaxation, providing essential support and comfort for individuals of all ages. With an extensive range of options available, including varying sizes, materials, and technologies, mattresses cater to diverse preferences and sleep needs. From traditional innerspring mattresses to innovative memory foam and hybrid designs, manufacturers continually strive to enhance sleep quality and comfort through cutting-edge advancements and product offerings. Additionally, the growing emphasis on wellness and sleep health further drives innovation within the mattress industry, with a focus on features such as pressure relief, temperature regulation, and sustainable materials.

Mattress Market Dynamics

• The mattress market has a promising growth potential due to several factors which includes the rise in bedding furniture expenditure, rising number of luxury hotels throughout the world, and the growing awareness about the importance of quality sleep.
• Additionally, rising disposable incomes, changing lifestyles, and rising demand for specialty mattresses are the prominent factors driving the growth of the market.
• However, high cost of luxury mattresses and fluctuating raw material prices are restraining the market growth.
• On the contrary, technological advancements in mattress materials and expansion of online mattress sales channels are creating opportunities for market growth.

By Size, Queen-sized mattresses Segment to Hold Major Share in the Mattress Market

The Queen-sized mattresses segment is expected to have a huge demand in the Mattress market during the forecast period owing to widely favored and considered among the most popular sizes globally, offering ample space for two individuals and commonly utilized in master bedrooms. According to a survey conducted by Bedbuyer Pty Ltd, an Australian independent mattress review website, published in November 2020, approximately 61% of participants expressed a preference for queen-sized mattresses, ranking them as the top choice, followed by king, double, and single sizes, among others.

By Geography, North America is expected to have the highest CAGR during the forecast period

The North America is experiencing strong growth during the forecast period due to major home improvement endeavors initiated by consumers. The demand for high-end mattresses is expected to escalate as a result. Notably, the Canada Mortgage and Housing Corporation allocated USD 943 million from 2019 to 2022 to offer financial aid to first-time home buyers, thereby stimulating growth in the mattress industry by bolstering the expansion of the residential construction sector.

Key Target Audience:

• Retailers and Suppliers
• Marketing and Advertising Agencies
• Logistics and Distribution Partners
• Mattress Manufacturers
• Consumers
• Hospitality Industry
• Government Regulatory Agencies
• Marketing and Advertising Agencies

List of the Key Players Profiled in the Report Includes:

• Spring Air International
• Newell Brands
• Kingsdown, Inc.
• Southerland Sleep
• Boll & Branch
• Casper Sleep Inc.
• Sleep Number Corporation
• Paramount Bed Holdings Co. Ltd
• Serta Simmons Bedding LLC
• Sealy Corporation
• KING KOIL Inc.
• Hästens Ltd

Recent Developments:

• In January 2024, Spring Air International introduced a completely redesigned collection of its Chattam & Wells line of five mattresses at the Winter Las Vegas Market (Space A-701). Targeted towards a fresh cohort of luxury consumers, this marks the company's inaugural product lineup developed through collaborative design efforts, informed by comprehensive surveys of retailers.
• In February 2023, Hästens Ltd, a Swedish mattress manufacturer, introduced a new line under the brand name drēmər. The drēmər mattress, distinguished by its woven fabric upholstery, debuted in four distinct colors: Phantom Charcoal, Natural Shale, Black Shadow, and Traditional Blue.

Market Segmentation:

The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:

Market by, Material:

• Spring/Coil
• Foam
• Latex
• Other Materials

Market by, Size:

• Queen
• Twin
• Full
• Other Sizes

Market by, Application:

• Households
• Hospitality Facilities
• Healthcare Facilities
• Other Applications

Market by, Geography:

The mattress market report also analyzes the major geographic regions and countries of the market. The regions and countries covered in the study include:

• North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis
• Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis
• Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis
• South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis
• Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis

Scope of the Report:

The report “Global Mattress Market: Industry Analysis, Opportunities and Forecast up to 2030” by Diligence Insights provides a detailed analysis of the present market and future outlook with market estimates and forecasts for all specified segments, encompassing both global and regional perspectives as outlined within the research framework. The study includes historical market data for the years 2022, 2023 and offers revenue estimations for 2024, and project forecasts spanning from 2025 to 2030. It places significant emphasis on the examination of market trends, key industry participants, supply chain developments, technological advancements, pivotal milestones, and prospective strategies. Comprehensive market assessments are carried out across major geographic regions, including North America, Europe, Asia Pacific, South America, and Middle East & Africa. As such, this report constitutes a valuable resource for current industry stakeholders, newcomers to the field, and potential investors.

The study offers an in-depth market analysis, drawing insights from industry experts across the value chain. A special focus has been made on 25 countries, including the United States, Canada, Mexico, the United Kingdom, Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, and South Africa, among others. The market data has been meticulously collected through extensive primary interviews and comprehensive secondary research. Market size determination is rooted in the revenue generated from sales across all the specified segments and sub-segments as defined within the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.

The report offers insights into the following aspects:

• Analysis of major market trends, factors driving, restraining, threatening, and providing opportunities for the market.
• Analysis of the market structure by identifying various segments and sub-segments of the market.
• Understand the revenue forecast of the market for North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
• Analysis of opportunities by identification of high-growth segments/revenue pockets in the market.
• Understand major player profiles in the market and analyze their business strategies.
• Understand competitive developments such as joint ventures, alliances, mergers and acquisitions, and new product launches in the market.