Mattress Market Outlook 2035:
A mattress is a big rectangular piece of furniture that is used for relaxing or sleeping on. Usually, a bed frame is used to support it. A wide range of materials can be used to create the comfort layers and support cores of mattresses. Common materials include latex, memory foam, innerspring coils, and hybrid versions of these materials.
The primary function of a mattress is to provide the body with support and comfort during sleep, reducing pressure points and promoting healthy spinal alignment. A comfortable night's sleep is guaranteed by a high-quality mattress, which promotes healthy sleep habits and enhances general wellbeing. Depending on individual needs and tastes, solid considerations to make when selecting a mattress include firmness, materials, size, and durability.
The size of the mattress market was expected to be worth USD 41.5 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 8.3% to reach USD 109.1 billion by 2035.
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Mattresses are a necessity for any home and are utilized there. As such, a large number of customers are associated with well-known mattress brands. The real estate industry's increasing need to address residential needs has led to increased sales of home furnishings, such as mattresses, pillows, and bed linens, which in turn has enhanced demand for the product. The expanding hotel and healthcare industries are two major factors driving the global market. As a staple item of furniture in the home, bedding products have shown a consistent demand over time.
Customers are exploring e-commerce furnishing websites more and more, which is driving the market even more. Hospital bed demand is increasing, therefore throughout the pandemic, the mattress business will need to deliver a significant quantity of mattresses.
Challenges of Mattress Market:
One of the main issues with factory-made mattresses is the availability of handcrafted mattresses. Many working-class and low-income households still select mattresses made by hand. This hinders the revenue growth in the mattress sector. Despite the gradual improvement in living standards over time, a lot of individuals still steer clear of buying mattresses made for sale in stores. Many opt not to use commercial mattresses because handcrafted mattresses are not only very comfy but also cheaply priced. As such, this business will present problems to the mattress market.
Market Segments:
By Demographics
- Children's Mattresses
- Teen Mattresses
- Adult Mattresses
- Senior Mattresses
By Size
- Twin/Single Mattresses
- Twin XL Mattresses
- Full/Double Mattresses
- Queen Mattresses
- King Mattresses
- California King Mattresses
By Sales Channel
- Brick-and-Mortar Retailers
- Online Retailers
- Specialty Stores
- Mattress Boutiques
Opportunities of Mattress Market:
People are beginning to understand the connection between healthy sleep and wellbeing. Positive lifestyle modifications for improved health are becoming more and more popular. People are replacing their mattresses since there are various health benefits associated with doing so. The mattress market has an opportunity because individuals are thinking smaller and changing their living spaces for greater health. By creating better mattresses than they have in the past, businesses can satisfy these consumers. One industry that stands to gain from this potential is orthopaedic and memory foam mattresses.
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Market Regional Analysis:
Major geographic regions, including North America, Europe, Asia Pacific, South America, and MEA, are included in the data of the mattress market analysis.
According to data on the mattress market, Asia Pacific was valued at USD 15.87 billion in 2023 and is projected to grow at a compound annual growth rate of 7% to reach a value of USD 38.79 billion by 2035.
A number of significant factors are influencing customer choices and industry dynamics in the APAC mattress market. The growing need for specialty and high-end mattresses is one notable development. With rising discretionary incomes in the area, buyers are prepared to spend more on premium mattresses with features like cooling gel, memory foam, and hybrid construction that provide better support and comfort.
Top Leading Key Companies Involved in this market are:
- Tempur Sealy International, Inc.
- Serta Simmons Bedding LLC
- Spring Air International
- Sleep Number Corp
- Kingsdown, Inc.
- Southerland Sleep
- Boll & Branch
- Casper Sleep Inc.
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