Global Mattress Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Mattress Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A mattress is a large rectangular pad filled with cotton, foam rubber or an arrangement of coiled springs. It can also be filled with water, air or a variety of natural fibers. It plays a vital role in giving the right support and comfort to the body, keeping the spine in a neutral position, and facilitating sleep. Moreover, it assists in minimizing nervousness, irritability, headaches and stress experienced by individuals, factors that are associated with the quality of sleep.

Market Overview:

The latest research study on the global Mattress market finds that the global Mattress market reached a value of USD 40331.97 million in 2022. It’s expected that the market will achieve USD 57244.06 million by 2028, exhibiting a CAGR of 6.01% during the forecast period.

Spring mattresses are becoming more diversified and personalized

With the continuous prominence of sleep health problems and the continuous improvement of sleep awareness, people are paying more and more attention to sleep products such as mattresses. In recent years, the trend of diversification and individualization of spring mattresses has become more obvious, providing consumers with more choices. The development of spring mattress in the direction of structure, personalized design, etc., has put forward higher and higher requirements for the function, automation, intelligence, and production efficiency of mattress production equipment. And this factor has promoted the continuous development of the mattress market.

Risk of substantial fluctuations in raw material prices

The main raw materials of mattress include sponge, fabric and steel wire. The main raw materials of sponges are polyether and TDI, which are derivatives produced during petrochemical processing. Fluctuations in oil prices will greatly affect the prices of polyether and TDI, which in turn will cause the company's raw material costs to fluctuate accordingly. The main raw materials of fabrics are chemical fiber raw materials, etc. The fluctuation of the price of chemical fiber raw materials will affect the purchase price of fabrics. Steel wire, another main raw material for mattress production, is greatly affected by the price of steel, and large fluctuations in the price of steel will also affect the purchase cost of steel wire. The above-mentioned raw material price fluctuations have had a greater impact on Mattress’s gross profit. If the price of the above raw materials fluctuates significantly in the future, it will cause major changes in production costs, which will affect the profit level of the mattress manufacturing company.

Region Overview:

In 2021, the share of the Mattress market in Asia Pacific stood at 32.3%.

Company Overview:

Tempur Sealy International is one of the major players operating in the Mattress market, holding a share of 8.34% in 2022.

Tempur Sealy International

Tempur Sealy International, Inc. is an American manufacturer of mattresses and bedding products. It was formed when Tempur-Pedic International, a manufacturer of memory foam mattresses acquired its biggest competitor Sealy Corporation in 2012. It is based in Lexington, Kentucky.

Serta Simmons

Serta Simmons is a manufacturer of mattresses and bedding products. The company offers bedding products like innerspring, specialty foam and hybrid mattresses and is committed to deliver the latest innovations in sleep products and technology with an unmatched array of choices to meet every consumer preference.

Segmentation Overview:

By type, Coils or Innerspring Mattress segment accounted for the largest share of market in 2021.

Application Overview:

The market's largest segment by application is the segment Private Households, with a market share of 65.98% in 2021.

Key Companies in the global Mattress market covered in Chapter 3:

Emma
Spring Air International
Sleep Number Corporation
Relyon Ltd (Steinhoff International Holdings Ltd.)
Casper
Purple
Corsicana Mattress Company
Healthcare Co.,Ltd.
Kingsdown Inc
Adova Group
Tempur Sealy International
Hypnos Limited
Silentnight
Serta Simmons

In Chapter 4 and Chapter 14.2, on the basis of types, the Mattress market from 2018 to 2029 is primarily split into:

Foam Mattress
Coils or Innerspring Mattress
Latex Mattress
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Mattress market from 2018 to 2029 covers:

Residential
Commercial

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)