Mattress Market Size, Share, Growth, and Industry Analysis, By Type (Memory Foam Mattress, Bonnell Mattress/Spring Mattress, Latex Mattress and Mixed Mattress), By Application (Private Households, Hotels, Hospitals and Others), Regional Insights, and Forecast To 2031

Mattress Market Report Overview

• 

•  Request a Free Sample to learn more about this report

The global mattress market size was in USD 37460 million in 2021 and is expected to reach USD 66142.44 million by 2031, exhibiting a CAGR of 5.8% during the forecast period.

The mattress market refers to the industry that manufactures, distributes, and sells mattresses. Mattresses are crucial bedding materials that provide support and comfort to people as they sleep. Mattresses of many varieties are available on the market, including innerspring mattresses, memory foam mattresses, latex mattresses, hybrid mattresses, and others. The mattress industry is an important segment of the larger home furnishings industry. It caters to both residential and commercial clients, such as hotels, hospitals, and other institutions. Population expansion, growing awareness of the importance of sleep quality, evolving consumer tastes, and replacement needs all fuel mattress demand.

The mattress market has grown significantly in recent years due to a variety of factors. One significant trend is a growing emphasis on sleep health and wellness, with consumers prepared to invest in high-quality mattresses that give superior comfort and support. Furthermore, technological and material improvements have resulted in the development of new mattress designs and features such as cooling technologies, adjustable bases, and smart mattress systems. The mattress industry is extremely competitive, with various manufacturers and sellers competing on both a local and global scale. Major industry companies frequently provide a diverse selection of mattress options and spend in marketing and branding efforts to differentiate their products. Online mattress merchants have also grown in popularity, offering easy shopping experiences as well as direct-to-consumer sales.

COVID-19 Impact: Increased Focus on Health and Wellness to Boost Market Growth

The COVID-19 pandemic has been unprecedented and staggering, with experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

The pandemic raised public awareness about health and the need of a good night's sleep. Many people began to priorities their health, which increased interest in investing in high-quality mattresses to improve sleep quality. With the closing of physical storefronts and limits on in-person buying, internet mattress sales exploded. Consumers purchased mattresses using e-commerce platforms, which benefited online retailers and firms that had established online sales channels. People spend more time at home during the epidemic due to remote jobs and social distancing tactics. This resulted in an increase in house remodeling and redecorating initiatives, including bedroom makeovers. As a result, as people attempted to improve their sleeping conditions, demand for new mattresses surged.

LATEST TRENDS

"Sustainable and Eco-Friendly Mattresses to Enhance Market Growth"

Mattresses constructed from sustainable materials and manufactured using environmentally friendly procedures are in high demand. Consumers are becoming more aware of the environmental impact of their purchases and are looking for mattresses that are devoid of toxic chemicals, made from organic or natural materials, and have low carbon footprints. Technology integration has emerged as a prominent trend in the mattress industry. Smart beds with sensors, sleep tracking capabilities, and connection functions are becoming increasingly popular. These mattresses can track sleep habits, alter firmness or temperature, and make personalised recommendations to help you sleep better. Customers are increasingly looking for mattresses that may be tailored to their specific needs. This includes variable firmness levels, adjustable features, and personalised comfort zones to fit the varying sleep demands of couples sharing a bed.

Mattress Market Segmentation

• 

•  Request a Free Sample to learn more about this report

• By Type

Based on type market is classified as memory foam mattress, bonnell mattress/spring mattress, latex mattress and mixed mattress.

• By Application

Based on application market is classified as private households, hotels, hospitals and others.

DRIVING FACTORS

"Increasing Awareness of Sleep Health to Augment Market Growth"

A primary driver of the mattress market is growing awareness of the significance of sleep and its impact on general health and well-being. Consumers are becoming more aware of the importance of a good mattress in facilitating good sleep, which is increasing demand for comfortable and supportive sleep surfaces. As the world's population grows and urbanisation accelerates, there will be a larger demand for mattresses to meet rising living spaces. This aspect drives mattress demand in both the household and commercial sectors, including hotels, hospitals, and dorms. The requirement for mattress replacement is a major driver of market demand. Mattresses typically have a lifespan of 7 to 10 years before losing their comfort and support.

"Economic Factors and Disposable Income to Propel Market Growth"

Consumer tastes and comfort needs vary, creating demand for various types of mattresses. Some people prefer firmer mattresses, whereas others prefer softer or more specialised mattresses, such as memory foam or hybrid models. The market caters to these interests, providing a choice of options to fulfil the various needs of consumers. The mattress market is influenced by economic conditions and disposable income levels. Individuals may be more inclined to invest in high-quality mattresses during periods of economic expansion and greater consumer buying power. In contrast, during economic downturns, consumer spending on non-essential items such as beds may fall. The mattress market is being driven by technological improvements. Cooling technologies, smart features, and sophisticated materials provide added value to consumers, resulting in growing demand for technologically enhanced products.

RESTRAINING FACTORS

"Economic Downturns to Impede Market Expansion"

During times of economic downturn or financial insecurity, customers may prioritise critical purchases above non-essential purchases such as beds. Reduced consumer purchasing power might lead to lower demand for new mattresses, resulting in a market slump. Price sensitivity can be a barrier in the mattress business. Consumers frequently have financial restraints and may be hesitant to spend a considerable amount of money on a new mattress. Buyers who are price-conscious may choose lower-priced or discounted mattresses, which may reduce sales of higher-end or premium mattress options. While the necessity for mattress replacement fuels market demand, the protracted replacement cycle might be a deterrent. Mattresses normally last several years, and some consumers may put off replacing their mattresses, particularly during economic downturns.

Mattress Market Regional Insights

• 

•  Request a Free Sample to learn more about this report

"North America to Dominate the Market Due to Huge Population"

The North America mattress market share, notably in the United States, has historically been one of the largest and most developed. The region's importance has been aided by factors such as a huge population, strong disposable income, and a tradition of regular mattress replacements. The presence of established mattress manufacturers, retail chains, and online mattress brands in North America has further boosted the market. The region's robust economy, good living standards, and increased emphasis on sleep health all contribute to the market's expansion. Furthermore, European consumers frequently prioritise quality and sustainability, fuelling demand for premium and environmentally friendly mattress solutions.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

LIST OF TOP MATTRESS COMPANIES

• Serta Simmons Bedding (U.S.)
• Tempur Sealy International (U.S.)
• Sleep Number (U.S.)
• Hilding Anders (Sweden)
• Corsicana (U.S.)
• Ruf-Betten (Germany)

REPORT COVERAGE

The report anticipates a detailed analysis of the global market size at the regional and national level, the ssegmentation market growth and market share. The prime objective of the report is to help user understand the market in terms of definition, market potential, influencing trends, and the challenges faced by the market. Aanalysis of sales, the impact of the market players, recent developments, opportunity analysis, strategic market growth analysis, territorial market expansion, and technological innovations are the subject matter explained in the report.