MATTRESS Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

MATTRESS Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Mattress Market

The mattress market size was valued at USD 50.61 billion in 2022, and the market is now projected to grow from USD 52.45 billion in 2023 to USD 78.34 billion by 2030, exhibiting a CAGR of 5.90% during the forecast period of 2023-2030.

The COVID-19 pandemic created significant opportunities on the mattress market growth as curbing coronavirus outbreak was prioritized. On one hand, the expanded accentuation on wellbeing and health has driven a flood popular for quality rest items, prompting a lift in mattress deals as shoppers focus on solace and unwinding at home. Be that as it may, store network disturbances, financial vulnerabilities, and changes in purchaser ways of managing money have presented difficulties for producers and retailers, requiring versatile methodologies to explore the developing scene of the mattress market.

The mattress market share globally has been contributed due to the rising number of lodging units. The worldwide business' development is driven by the rising number of lodging developments overall matched with expanding customer spending on home goods and bedding items. The developing number of single-inhabitance homes and family units universally makes a requirement for a different space for each relative across nations, in this way reinforcing item interest. As per the National Bed Federation Survey result distributed in March 2020, overview respondents who purchased the item rose from 24% to 32% in the past a half year.

Furthermore, there’s been a notable trend of uniquely crafted/adaptable items. Adjustable items have arisen as a vital pattern over the course of the last 10 years, decidedly impacting the worldwide market patterns. These items offer purchasers different foreordained choices, including plan, level, solidness choices, and clinchers. As of late, noticeable industry players have acquainted inventive items with accomplish a more critical brand notoriety. For example, in July 2020, Sheela Froth Ltd., an Indian organization, sent off its new line of Casing Beddings under the Sleepwell brand.

Comprehensive Mattress Market

The rising worldwide interest for extravagance and customized items shows a huge change in customer impression of sleeping cushions past purchaser durables to a sign of economic wellbeing. At a full-scale level, the development of homegrown players offering separated items is driving shopper footfall across dissemination channels worldwide. Various fruitful new item dispatches in the new past are probably going to support deals volumes essentially before very long.

North America arose as the most noticeable market in 2022. Driven by the U.S., the North American market is described by a critical shopper inclination for extravagance and premium quality items. Different examinations propose that the typical North American shopper ordinarily purchases another mattress on the off chance that the current one doesn't offer the ideal solace level. To expand their market share, various players have zeroed in on sending off new items across conveyance channels. For example, in September 2019, Leesa Rest, a Canada-based online organization, sent off its image at a retail chain at Hudson's Narrows to grow its presence in the disconnected retail class.

The top players in the market play a crucial role in the mattress market assuring industrial prospectus growth and setting market standards. These players include, Serta Simmons Bedding, LLC (U.S.), Tempur Sealy International, Inc. (U.S.), Sleep Number Corporation (U.S.), Paramount Bed Holdings Co. Ltd (Japan) and Kingsdown, Inc. (U.S.) these market players provide a level-playing competitive landscape.

February 2023 - Hästens Ltd, a Swedish mattress producer, sent off another line under the drēmər brand. The drēmər mattress, highlighting woven texture upholstery, was sent off in four tones: Phantom Charcoal, Natural Shale, BLack Shadow, and Traditional Blue.

Segmentation Table

Mattress Market Scope

Study Period 2019-2032

Base Year 2023

Forecast Period 2023-2030

Growth Rate CAGR of 5.90% from 2024-2032

Historical Period 2019-2022

Unit Value (USD Billion)

Segmentation By Type, End-User, and Region

By Type Spring/Coil

Foam

Latex

Others

By End-User

Households

Hospitality Facilities

Healthcare Facilities

Others

By Region North America (By Type, End-User, and Country)

- U.S. (By Type and End-User)

- Canada (By Type and End-User)

Europe (By Type, End-User, and Country/Sub-region)

- U.K. (By Type and End-User)

- Germany (By Type and End-User)

- France (By Type and End-User)

- Italy (By Type and End-User)

- Spain (By Type and End-User)

- Rest of Europe (By Type and End-User)

Asia Pacific (By Type, End-User, and Country/Sub-region)

- China (By Type and End-User)

- Japan (By Type and End-User)

- India (By Type and End-User)

- Australia (By Type and End-User)

- Rest of Asia Pacific (By Type and End-User)

Latin America (By Type, End-User, and Country/Sub-region)

- Brazil (By Type and End-User)

- Mexico (By Type and End-User)

- Rest of Latin America (By Type and End-User)

Middle East & Africa (By Type, End-User, and Country/ Sub-region)

- GCC (By Type and End-User)

- South Africa (By Type and End-User)

- Rest of Middle East & Africa (By Type and End-User)