Mattress Market

Market Study on Mattresses: Demand for Queen Size Mattresses to Remain High

Mattress Market Segmented By Foam Mattresses, Hybrid Mattresses, Innerspring Mattresses, Latex Mattresses Product in Twin and Single, Twin XL, Full or Double, Queen and King Size Mattresses

Market Snapshot

The global mattress market is witnessing steady growth with worldwide revenue up 6% Year-on-Year (Y-o-Y) in 2021, as per the mattress industry analysis done by Persistence Market Research. Sales of mattresses across the world are set to increase over the next ten years at a CAGR of around 7% and be valued at US$ 39 Bn, mainly backed by rising popularity of custom mattresses.

East Asia is predicted to be a lucrative market for mattress manufacturers, surging at over 11% CAGR through 2031. All in all, mattress sales account for around 15% share in the global bedding products market.

Mattress Market Value (2021E)

US$ 30 Bn

Mattress Sales Forecast (2031F)

US$ 39 Bn

Value CAGR (2021-2031)

7%

Market Share of Top 5 Mattress Manufacturers

15% to 25%

Find Out More about the Report Coverage

Companies

  • Spring Air International
  • King koil, paramount Bed Co., Ltd.
  • Relyon Beds
  • Casper
  • Simba Sleep limited
  • Dormeo UK Limited
  • Dreams Ltd.
  • Kurl-on
  • Jinboama Furniture Manufacturers
  • Ministery of Sleep
  • Duroflex, Pvt. Ltd.
  • M.H. Polymers Pvt Ltd.
  • Talalay Global
  • Latex Global
  • Sheela Foam limited

Demand Analysis of Mattresses from 2016 to 2020 Vs Market Projections for 2021 to 2031

Historically, from 2016 to 2020, mattress sales increased at a significant CAGR, with the U.S., China, Germany, and U.K. holding higher shares in the global market.

Hotels are expected to hold a significant share in the global mattresses market, as they change their mattresses more often than residential end users. Some hotels/motels also prefer acquitting mattresses on rent.

  • King Koil Company is principally engaged in offering mattresses to premium hotels such as Hyatt Regency, JW Marriott, Le Meridien, and Westin Hotels & Resorts.

Overall, over the next ten years, the market for mattresses is projected to expand faster than the historical years, at a CAGR of 7%.

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Will Rise of e-Commerce Platforms Provide Growth Opportunities for Mattress Suppliers? 

More consumers are expected to purchase mattresses and mattress components through online sales channels, thereby boosting the online mattress market size. Customers will have a variety of options for customising mattresses to their specific needs and interests.

Furthermore, increased availability and sales of various mattresses have resulted from the growing popularity of online purchasing, as consumer trust Internet purchases due to speedier shipping services, price comparison, and availability of varied mattress offerings.

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A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.

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How is Inclination toward Orthopedic Mattresses Likely to Propel Market Growth?

Orthopedic mattress are recommended by doctors to improve sleep quality and relieve pain. Customers choose orthopedic beds because they are suggested by doctors due to an increase in sedentary and stressful lives that cause backache and other body aches. This has a substantial impact on orthopedic mattress sales.

As a result, mattress companies are introducing certified orthopedic mattresses to diversify their product lines and improve their market presence.

  • Kurl-on Mattress recently bought Spring Air, a U.S.-based orthopedic mattress business, to expand its product range.

Explore Persistence Market Research’s expertise in promulgation of the business !

Why are Synthetic Mattress Products Losing Control in the Market?

The market for synthetic mattresses is being restrained due to growing awareness of the benefits of natural component mattress, such as latex foam mattresses over chemical-based PU foam mattresses.

Consumers are more concerned about their health and are looking for natural products that do not lead to any unwanted physical difficulties such as back pain or sleeping disorders. This inclination toward natural mattresses has negatively impacted the growth rate of the synthetic mattress category.

With rise in difficulties such as sleeping disorders and back pain, it is now more important than ever to use natural mattress components to get a good night's sleep. As such, organic mattresses have become a popular choice among customers.

mattress-market

Country-wise Analysis

Will Growth of Affluent Aging Population in the United States Drive Mattress Sales?

Mattress sales in the U.S. is expected to progress at a CAGR of over 3%. According to the American Chiropractic Association, back discomfort is one of the most common causes of missed work. Half of all working Americans experience back discomfort symptoms at least once a year. Low-back pain costs the United States at least US$ 50 billion in annual healthcare expenditure.

Furthermore, the world is ageing at an unprecedented rate, with the number of people aged 65 and older expected to reach roughly 16 percent by 2050. There has been a rise in the number of persons suffering from health difficulties such as body discomfort, stiffness, back pain, and osteoarthritis, as the population in the United States has gotten older.

How is Growing Healthcare Industry Driving Mattress Sales in Europe?

In 2020, the market in Germany is expected to progress at a CAGR of over 5% in the European mattress business. In contrast to other regions, the European mattress business has been resorting to recycling for some time, with a number of small-scale recyclers deconstructing mattresses by hand and selling the materials produced.

Mattress demand is increasing in nursing homes, clinics, and hospitals in the healthcare industry. Key competitors in the European mattress space have introduced practical, versatile hospital beds with height adjustment and technological connectivity features.

Because of factory closures and supply chain issues caused by the COVID outbreak, the region's revenue dropped temporarily. However, the market is developing well following the COVID crisis.

Why is Demand for Mattress Increasing in China?

Mattress sales in East Asia are set to surge at over 11% CAGR through 2031, with China being the largest revenue contributor to the market in the region. China has risen in prominence as a major mattress manufacturing centre. Due to China's growing population, rising income levels, and booming housing market, the mattress business in China has grown quickly. Another important factor is the expansion of international trade.

Other variables affecting China's mattress industry include the speed with which existing houses are renovated, expansion of new houses, and innovation in conventional sleep concepts. In the Chinese mattress market, consumer groups are growing and there is room for more growth. As a result, demand for mattresses in the country is expanding rapidly.

How is the Mattress Industry Faring in Brazil?

Brazil is one of the fastest-growing economies in Latin America. The global downturn in economic growth had an influence on mattress manufacturing, but it is predicted to continue to rise positively.

Box type mattresses are gaining popularity in Brazil due to economic freight costs and market operations. Because the Internet keeps them informed about mattress varieties and saves them time, more consumers are purchasing mattresses through online channels.

Furthermore, there is increasing demand for and manufacturing of smart mattresses that possess the capability of keeping the body straight during sleep and applying proper pressure. As such, custom mattresses are high in demand in the country.

Category-wise Insights

Why is Demand for Innerspring Mattresses Key to Revenue Generation?

As per this analysis, on the basis of mattress type, the market is segregated into foam mattresses, hybrid mattresses, innerspring mattresses, and latex mattresses. Demand for innerspring mattresses is high and expected to rise at an impressive rate of 5% CAGR through 2031.

A steel coil support system is used to support an innerspring mattress. The single unit spring and pocketed coil springs are two different types of spring systems. The amount of spring coils, spring form, and coil gauge all vary depending on the intended design and comfort. Padding and upholstery materials cover the innersprings. These mattresses are widely regarded as the most cost-effective and popular among a wide spectrum of customers.

Which Mattress Size is in High Demand?

In terms of size, the market is split into twin and single size mattresses, twin XL size mattresses, full or double size mattresses, queen size mattresses, and king size mattresses.

Sales of king size mattresses are expected to rise at impressive CAGR of 4%. When it comes to more space and larger beds, king size mattresses are the best. As a person sleep on it, he/she can stretch and relax comfortably.

Furthermore, the large range of options available in king size mattresses is complementing segment growth in a big way.

Which Sales Channel Holds Major Revenue Share in the Sales of Mattresses?

On the basis of sales channel, online retailing is expected to rise at impressive CAGR of 6%. Consumer tastes have changed as a result of the COVID-10 pandemic, and instead of shopping offline, they are flocking to online channels.

Leading mattress suppliers are beefing up their online presence in the market. In an industry where store-based commerce is still largely prevalent, manufacturers are still attempting to improve their online presence and gain market share.

Impact of COVID-19

The COVID-19 outbreak had a detrimental influence on mattress sales in the first quarter of 2020. In order to comply with regulatory restrictions and prevent the virus from spreading, several market players ceased production across different countries.

However, in the first quarter of 2021, the industry gained traction. Retailers began giving free shipping and delivery to offline businesses in countries with few COVID-19 cases. Using this strategy, mattress vendors were able to clear enormous amounts of stock from their warehouses.

Work-from-policies further played a pivotal role in impacting market growth. The work-from-home culture resulted in physical problems, which further scaled up demand for orthopedic mattresses in the market.

Thus, work-from-home policies and growing trend of Internet shopping have been huge contributors in the mattress industry's growth during COVID-19.

Competition Landscape

Players operating in the market are finding new ways to introduce their products across regions. These measures and efforts are being undertaken due to rising competition. Well-established mattress manufacturers are taking a hard look at their marketing strategies. Strategic alliances and product innovation are having a strong influence on market growth.

Forging new strategic relations with key market players or suppliers to achieve major market presence will be an ongoing trend in this space.

Mattress Industry Report Scope

Attribute

Details

Forecast Period

2021-2031

Historical Data Available for

2016-2020

Market Analysis

US$ Mn for Value

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania & MEA

Key Countries Covered

  • United States
  • Canada
  • Brazil
  • Mexico
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • Russia
  • South Africa
  • Northern Africa GCC Countries
  • China
  • Japan
  • South Korea
  • India
  • Thailand
  • Malaysia
  • Indonesia
  • Australia & New Zealand

Key Market Segments Covered

  • Product Type
  • Size
  • Sales Channel
  • Region

Key Companies Profiled

  • Spring Air International
  • King Koil, Paramount Bed Co., Ltd.
  • Relyon Beds
  • Casper
  • Simba Sleep Limited
  • Dormeo UK Limited
  • Dreams Ltd.
  • Kurl-on
  • Jinboama Furniture Manufacturers
  • Ministery of Sleep
  • Duroflex, Pvt. Ltd.
  • M.H. Polymers Pvt Ltd.
  • Talalay Global
  • Latex Global
  • Sheela Foam limited

Pricing

Available upon Request

Key Segments Covered in Mattress Industry Research

By Product Type

  • Foam Mattresses
  • Hybrid Mattresses
  • Innerspring Mattresses
  • Latex Mattresses
  • Others

By Size

  • Twin and Single Size Mattresses
  • Twin XL Size Mattresses
  • Full or Double Size Mattresses
  • Queen Size Mattresses
  • King Size Mattresses
  • Others

By Sales Channel

  • Mattress Sold at Hypermarkets/Supermarkets
  • Mattress Sold by Direct Sales
  • Mattress Sold by Wholesalers/ Distributors
  • Mattress Sold at Specialty Mattress Stores
  • Mattress Sold by Online Retailers
  • Other Sales Channels

Media Release

- FAQs -

The global mattress market is expected to surge at a CAGR of around 7% over the forecast period of 2021-2031 and top a valuation of US$ 39 Bn.

The global mattress industry is currently valued at over US$ 30 Bn.

Holding 15%-25% market share, Spring Air International, King Koil, Paramount Bed Co., Ltd., Relyon Beds, and Simba Sleep Limited are the top 5 manufacturers of mattresses.

Growing popularity of online stores, new product launches, and increasing mergers & acquisitions are key trends in this space.

Top 5 countries driving most of the demand for mattresses are the U.S., U.K., Germany, India, and China.

Sales of mattresses across East Asia are projected to expand at a CAGR of over 11% through 2031.

Key exporters of mattresses are China, the U.S., Japan, and Germany.

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