“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

The global market for Mattresses is projected to exceed US$51 billion by 2025, 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 7.8% 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 in the market include Amerisleep, Casper Sleep Inc., Corsicana Bedding Inc., Innocor Inc., King Koil, Kingsdown Inc., Paramount Bed Co. Ltd., Relyon Limited, Restonic Mattress Corporation, Serta Simmons Bedding LLC, Sleep Number Corporation, Silentnight Group Ltd., Spring Air International, Tempur Sealy International Inc., among others

The research report titled “Mattresses - Market Analysis, Trends, and Forecasts” 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.

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