Global Mattress Market By Product Type (Memory Foam, Innerspring, Latex & Other Mattresses), By Size (Twin Or Single, Twin Xl, Full Or Double, Queen, King & Other Sizes), By Channel (Online & Offline), By Application (Residential, Commercial & Industrial), By Region (North America, Europe, Asia Pacific, Middle East & Africa & Latin America); Size And Forecast, 2018-2024
The Global Mattress market report provides analysis for the period 2014–2024, wherein the period from 2018 to 2024 is the forecast period and 2017 as the base year. The market study reveals that the global mattress market might grow above CAGR of about 7% during 2018-2025 concerning value & over a CAGR of 4% in terms of volume. The market possibly to reach around USD 50,000 Million by 2024. Growth is driven by several reasons, such as growing demand from the hotel industry, which is significantly increased due to the need for tours and travel across the globe.
The trend towards the demand of smart Mattress further owes to the growth of the mattress market. The increasing disposable income of people worldwide has improved their living standards, which creates a demand for comfort and convenience. Thus, there is a demand for luxury furnishing, including mattresses. The rising investment in real estate construction in developing countries like India, to cater to the resultant urbanization and growing residential demand, drives home furnishing. Modern lifestyle has squeezed the time that is for good night sleep. As a result of this, many companies have come up with product innovations, including smart Mattress, that incorporates sensors to provide information about the quality of sleep, keep track of sleep patterns, and in some cases, actively improve the rest, as well.
The report's market overview section demonstrates market dynamics such as drivers and restraints that talk about the current nature and future scenario of the said market, key market indicators, and raw material analysis. Further, the report's key market indicators provide significant factors capable of defining the global mattress market's market position. Furthermore, various analysis methods like Porter's, Pestle are also included in the report to provide an in-depth view of the market scenario.
GLOBAL MATTRESS MARKET: SCOPE OF THE REPORT
Based on the type of product type, the market falls into Memory Foam, Innerspring, Latex & Other mattresses. Based on the size of the Mattress, the market further falls into Twin or Single, Twin XL, Full or Double, Queen, King & Other sizes. Additionally, the market is bifurcated, based on the distribution channel into the Online & Offline channel. The market is also segmented based on application into Residential, Commercial & Industrial. Finally, the report covers the analysis of these segments across North America, Europe, Asia Pacific, Middle East & Africa, and Latin America and the qualitative analysis for market estimates that boost the global mattress market's growth during the forecast period.
The report also highlights the competitive landscape of the global mattress market that includes the company overview, products & offerings, strategic decisions taken by the company, launch of new products, technology landscape, and financial highlights.
GLOBAL MATTRESS MARKET: KEY STAKEHOLDERS
·Simmons Bedding Company LLC
·Tempur-Pedic International, Inc.
·Paramount Bed Holdings Co., Ltd.
GLOBAL MATTRESS MARKET: KEY FINDINGS OF THE REPORT
According to BlueWeave Consulting, the key findings of the report "Global Mattress Market Size, Share, Development, Growth, and Demand Forecast to 2024" are:
The demand for the global mattress market might grow significantly during the forecast period. The Mattress is witnessing tremendous growth due to factors such as a rise in income and globalization. Thus, the people worldwide are more interested in tours and travels than before, creating a large-scale demand for a mattress from hotel industries. The Global Mattress market might grow over a CAGR of 7% & 4% by value and volume respectively, during the forecast period, 2018-2024.
Innerspring Mattress is the largest revenue contributor, in terms of value and volume compared to other product types. It might grow with CAGR over 5% by the amount and over 2% by volume during the forecast period, 2018-2024.
The Global Mattress market from various applications is estimated to grow with a CAGR over 7% between 2018 and 2024, with the Commercial sector being the highest revenue contributor.
The Asia Pacific is the fastest-growing region in the Mattress market. It might propel with a CAGR of 9% by value, and with a CAGR over 6% by volume during the forecast period, 2018-2024 with India is the fastest-growing market having a CAGR over 12% and expected to reach a revenue of around USD 3,000 million by the end of 2024.
Several players in the market dominate the global Mattress market; amongst them, the significant players are Simmons Bedding Company LLC, Serta Inc., Sealy Corporation, Tempur-Pedic International, Inc., etc. Companies in this industry are following different strategies to strengthen their market position. For instance, in July 2018, Tempur-Pedic International, Inc., announced the launch of its luxury series of the Mattress, under the brand name Tempur-Pedic LuxeAdapt™, that is offered at retail stores for USD 3,999 and will be unveiled in the product in the showrooms of Las Vegas and is expected to begin shipping later this year.
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