The Global Market for Mattresses is Projected to Reach US$39.4 Billion by 2022
“More Than Meets the Eye” Importance Attached to Sleep
Quality in View of its Central Role Played in Influencing Long-Term Health &
Well Being to Spur Growth in the Mattresses Market, According to a New Report
by Global Industry Analysts, Inc.
GIA launches a
comprehensive analysis of industry segments, trends, growth drivers, market
share, size and demand forecasts on the global Mattresses market. The
global market for Mattresses is projected to reach US$39.4 billion by 2022,
driven by the growing awareness over the health benefits of good sleep quality against
the backdrop of increasing number of evidence based research studies linking
poor sleep quality with increased health disorders.
A mattress is a large
padded case, usually stuffed with soft material such as cotton, straw or foam
and bound by a coverlet or some form of weaving. Given the high significance of
sleep in the overall well-being of humans, mattresses play a vital role in
ensuring comfortable sleep and overall health for individuals of all age
groups. Rising awareness about the benefits of improved sleep, growth in the
specialty mattress segments and lucrative consumer demographics continue to
drive gains in the global mattress market. Rising incidence of lifestyle
induced sleep disorders constitute a major reason for consumers willing to pay
a premium price for quality mattress, particularly one which offers therapeutic
benefits. The industry is also a key beneficiary of rising home ownership rates,
larger homes with more bedrooms, shortened mattress replacement cycles, technology
advances, and research and development of new materials. Poised to gain are multiple function beds with specific therapeutic
attributes.
Over the years, there has also been major rise in luxury
bedding alongside the demand for comfortable mattresses which ensure sound
sleep. 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.. The industry is also witnessing increased roll out
of mattresses featuring smart technology which tracks and logs sleep patterns,
monitor breathing and heart rate while sleeping, and self-adjusts as per the
sleep data of the person to optimize peaceful sleep. The market is expanding
beyond apps for including designated wearables, smart alarm clocks, and fitness
trackers. Online sale of boxable beds that can be vacuum wrapped, compressed
and rolled up in boxes easily comprises another latest trend in the market.
Growth in the developed markets is also attributed to the emergence of startups
in the bedding industry with their innovative products and strategies
including bed in a box concept to disrupt the traditional value chain.
The memory
foam market continues to witness disruption by non-traditional brands,
backed by lower prices, improved consumer awareness, and less perceived
differentiation by consumers from conventional brands for quality and
durability. The specialty mattress
segment comprising airbeds, viscoelastic, foam mattresses and waterbeds, are
projected to register faster growth compared to traditional mattresses
attributed to consumer perception of these products, as being of high quality
and with longer life span.
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 8.1% over the analysis period. Major growth
drivers in the region include rise in living standards, increase in disposable
income, surge in housing and refurbishing activity supported by rapid
urbanization and recovering construction markets and home values, wider product
choices, shorter replacement cycles, strong outlook for the hospitality
industry coupled with branding and promotional focus on sleep-centric services and
the resulting need to improve sleeping conditions.
Key players covered in the
report include Corsicana Bedding, Innocor, Inc. King Koil, Kingsdown Inc., Relyon
Limited, Restonic Mattress Corporation, Select Comfort Corporation, Serta
Simmons Bedding, LLC, Sleep Inc., Tempur Sealy International Inc., and Silentnight
Group Ltd. 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.
Global Industry Analysts, Inc. 6150 Hellyer Ave., San
Jose CA 95138, USA, All Rights Reserved.
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