Global Mattress Market Report and Forecast 2023-2028

Global Mattress Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the global mattress market reached a value of USD 32.83 billion in 2022. Aided by the escalating demands for comfortable sleeping solutions and the proliferating awareness about sleep's health implications, the market is projected to further grow at a CAGR of 7% between 2023 and 2028 to reach a value of USD 48.81 billion by 2028.

A mattress, quintessential to the furniture industry, is a rectangular pad designed to support the reclining body, ensuring restful sleep, relaxation, and rejuvenation. The types and compositions of mattresses have greatly evolved, now ranging from traditional innerspring variants to memory foam, latex, hybrid models, and even technologically infused options. Their pivotal role in enhancing sleep quality directly affects an individual’s overall well-being, physical health, and cognitive functions.

The intensifying global focus on health and wellness has inadvertently spotlighted the role of sleep in maintaining optimal health. This awareness has sparked a consumer shift towards premium and ergonomically designed mattresses that promise improved sleep quality. Additionally, the growing incidence of back and posture-related ailments has heightened the demand for orthopedically recommended mattresses, giving manufacturers new avenues for product innovation and differentiation.

Technological innovations are also significantly adding value to the global mattress market size. The introduction of smart mattresses equipped with sensors to monitor sleep patterns, control bed temperatures, and adjust firmness levels in real-time offers consumers a personalised sleep experience. As technology becomes more ingrained in everyday life, its integration into mattresses signals a future where beds are not just about comfort but also about data-driven sleep enhancement.

Moreover, the hospitality industry's growth, characterised by the rise in hotels, resorts, and serviced apartments, directly correlates with an uptick in the demand for high-quality mattresses. As businesses in the hospitality sector aim to offer unparalleled comfort to their guests, they often invest in premium mattresses, further bolstering the mattress market demand.

On the sustainability front, there's a noticeable push towards eco-friendly mattresses made from organic and recyclable materials. As environmental concerns gain precedence, manufacturers are innovating with natural fibres, organic latex, and sustainable production processes to cater to the green consumer segment.

Direct-to-consumer online mattress brands have also disrupted traditional sales models. Leveraging digital platforms, these brands offer consumers the convenience of choice, reviews, home trials, and hassle-free returns. This online sales boom, combined with aggressive marketing strategies, has introduced a younger demographic to premium mattress offerings, further inflating mattress market growth.

Market Segmentation

The market can be divided based on product, application, distribution channel, and region.

Market Breakup by Product

Innerspring Mattresses

Memory Foam Mattresses

Latex Mattresses

Airbed Mattresses

Others

Market Breakup by Application

Household

Commercial

Market Breakup by Distribution Channel

Offline Retail

Online Retail

Market Breakup by Region

North America

Europe

Asia Pacific

Latin America

Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global mattress market. Some of the major players explored in the report by Expert Market Research are as follows:

Tempur Sealy International, Inc.

Serta Simmons Bedding, LLC.

Spring Air International

Kingsdown, Inc.

Southerland, Inc

Sleep Number Corporation

Boll & Branch LLC

Casper Sleep Inc.

Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.