The Global Market for Mattresses is Projected to Reach US$37.9 Billion by 2020

Growing Consumer Awareness and Product Innovations Drive the Global Mattresses Market, According to a New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Mattresses. The global market for Mattresses is projected to reach US$37.9 billion by 2020, driven by growing consumer awareness about health benefits of good sleep, wider product choices, and surging demand from hospitals, hotels and military institutions.

Sleep is a biological need that is vital in maintaining metabolic homeostasis. There is a growing awareness among consumers over the importance of good quality sleep and the critical role it plays in regulating immune function, metabolism, and influencing memory, learning, and other functions. Against this backdrop, the importance of good quality mattresses is coming to the fore. Technology advances, development of innovative materials, easy-to-order customized mattresses, and wider product choices in all sizes, varieties and prices are among the key factors propelling growth in the global mattresses market. Higher disposable income, consumers’ willingness and desire to send on premium mattresses, and need for multiple function beds with specific therapeutic attributes are also helping drive growth in the market.

Future growth in the market will be driven by surging housing and refurbishing activity in developing countries, stringent federal regulations regarding mattress fire safety and efficiency, and aggressive in-store sales, marketing and promotional activities by mattresses manufacturers and suppliers. The market is also forecast to benefit from the shortened mattress replacement cycles from about 15-20 years to 10-12 years, resulting in more frequent purchases. Supported by advanced components and raw materials, mattresses are currently available in attractive, decorative, contemporary, fresh design and color patterns offering improved aesthetics, comfort and therapeutic benefits. Ongoing trends in mattresses market represent a transition towards mattresses incorporating organic and anti-allergen materials, advanced components such as gel and phase-change materials for temperature regulation, and smart fabrics.

As stated by the new market research report on Mattresses, Asia-Pacific represents the largest as well as the fastest growing market worldwide with a projected CAGR of 8.5% over the analysis period. Major growth drivers in the region include aging population prone to several chronic ailments, rising construction activity in the residential sector, increasing metro areas, growing consumer affluence, and changing tastes and lifestyles. Non-Innerspring (Specialty) mattresses that include airbeds, viscoelastic, foam mattresses and waterbeds, among others, are projected to witness robust sales.

Key players covered in the report include Boyd Specialty Sleep, King Koil, Kingsdown Inc., Relyon Limited, Restonic Mattress Corporation, Select Comfort Corporation, Serta Inc., Simmons Bedding Company, Sleep Inc., Sleep Innovations Inc., Tempur Sealy International Inc., and Zinus Inc., among others.

The research report titled “Mattresses: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, company profiles, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (Australia, China, India and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America), and Rest of World. Key product segments analyzed include Traditional Innerspring Mattresses and Non-Innerspring (Specialty) Mattresses.