Global Mattress Market Overview:
The latest report by IMARC Group, titled “Mattress Market Outlook: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” finds that the global mattress market size reached a value of US$ 34 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 49.2 Billion by 2027, exhibiting at a CAGR of 6.2% during 2022-2027.
A mattress is a rectangular pad used for supporting the back of a reclining person. Generally placed on top of a bed base, it includes a fastened quilted cloth base comprising straw, cotton, foam rubber, or a framework of metal springs for enhanced support and comfort. It aids in minimizing factors, such as irritability, headaches and stress, that deteriorate the sleep quality of individuals.
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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Mattress Market Trends:
The global market is primarily driven by considerable growth in the e-commerce sector. With the improving internet connectivity across the globe, customers are increasingly purchasing mattresses on online furnishing sites that offer flexible payment options and easy return/exchange policies. Also, the rising emphasis on good sleep for health benefits has accounted majorly towards the overall market growth. This, in turn, has led to the launch of new lines of mattresses for specialized requirements, namely natural and organic mattresses, airbeds, waterbeds, gel, memory foam, and latex mattresses. Some of the other factors contributing to the market growth including the rapid expansion of the real estate and hospitality sectors, and inflating disposable income levels of the masses.
Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of Top companies in Mattress Market being.
- Kingsdown Inc.
- Kurlon Enterprise Ltd.
- Leggett & Platt Incorporated
- Paramount Bed Co. Ltd.
- Sealy Corporation
- Serta Inc.
- Simmons Bedding Company LLC
- Sleep Number Corporation
- Southerland Inc.
- Spring Air Company
- Tempur-Pedic International, Inc
Mattress Market 2022-2027 Analysis and Segmentation::
Breakup by Product:
- Memory Foam
Based on the product, the market has been segmented into innerspring, memory foam, latex and other mattresses. At present, innerspring mattresses currently represent the most popular product.
Breakup by Size:
- Twin or Single
- Twin XL
- Full or Double
On the basis of the size, the market has been segregated into twin or single, twin XL, full or double, queen, king and others. Amongst these, king-sized mattresses are highly preferred by consumers.
Breakup by Application:
The market has been bifurcated on the basis of the application into the domestic and commercial sectors. Amongst these, the domestic sector accounts for the majority of the global market share.
Breakup by Distribution Channel:
Based on the distribution channel, the market has been classified into online and offline channels. At present, offline retailers exhibit a clear dominance in the market.
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Region-wise, Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others) holds the leading position in the market. Other major regions include North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.
Key Highlights of the Report:
- Market Performance 2016-2021
- Market Outlook 2022-2027
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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Also Read: https://wirelly.com/facility-management-market-scope-and-demand-analysis-by-2027/
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