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Mattress Market

Global Market Study on Mattress Market: Mattress Market to Generate High Revenue for Market Players across Regions

Mattress Market Segmented By Product, Power, Price Range, Patient, End User, Sales Channel, and Region

Mattress Market Snapshot

According to Persistence Market Research, the mattress market generated a revenue of US$ 64,280.8 Mn in 2022. The demand for mattress will accelerate, with the top market players holding a prominent share of the market in 2022. The global market is expected to reach US$ 133,484.8 Mn by 2033, growing at a 6.9% CAGR from 2023 to 2033.

Attributes Key Insights

Mattress Market Size (2022A)

US$ 64,280.8 Mn

Mattress Market Size (2023E)

US$ 68,804.3 Mn

Projected Mattress market Value (2033F)

US$ 133,484.8 Mn

Value CAGR (2023-2033)

6.9%

Collective Value Share: Top 3 Countries (2022)

~37%

Mattresses are now perceived by consumers as more than just consumer durables and as a sign of social status. Global consumers’ adoption trend is being driven by the rise of domestic players delivering unique items at a macro level. Recent successful new product introductions are expected to dramatically increase sales volumes over the next few years.

For instance, U.S.-based Tempur Sealy International, Inc. introduced the new TEMPUR-breeze product line in January 2019. According to the manufacturer, these goods are made to give users a cooling effect that lasts all night. This tactical step (product launch) is anticipated to not only assist the corporation in developing significant revenue-generating potential but also inspire other significant market players.

The mattress industry is expanding steadily, with global sales expected to increase substantially over the next few years. Over the next ten years, there will be a rise in mattress sales worldwide. Manufacturers will find East Asia to be a lucrative market as it grows at a CAGR of over 7.8% until 2033.

Additionally, customers are spending more on health-improving goods due to rising health concerns and rising disposable income, which has boosted the mattress demand. Additionally, not only in major cities but also in smaller towns and cities, customers' willingness to pay for sleeping aids has changed significantly. When purchasing bedding, the vast majority of people conduct in-depth research, evaluate prices, and make wise choices, because these hotels tend to utilize upscale bedding, it is anticipated that the expanding number of upscale hotels in emerging nations will have a substantial impact on revenue growth. Furthermore, these beddings are more expensive than typical bedding items, which is anticipated to boost the market.

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Mattress Market Analysis from 2017 to 2022 Vs Market Outlook for 2023 to 2033

In the past, from 2017 to 2022, the use of mattresses expanded at a considerable CAGR of 6.5%, with the United States, China, Germany, and the United Kingdom holding sizable market shares worldwide.

By offering the facilities and services that end-users need, players in the expanding hotel and healthcare sectors hope to develop their businesses. This includes mattresses that blend nicely with a hotel room's decor. The expansion of the worldwide mattress market is being significantly fueled by an increase in the number of upscale hotels and medical facilities.

Given that, hotels change their mattresses more frequently than residential users, hotels are anticipated to account for a sizeable portion of the worldwide mattresses market. The primary business of King Koil Company is providing mattresses to upscale lodging establishments including Hyatt Regency, JW Marriott, Le Meridien, and Westin Hotels & Resorts.

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Will the Popularity of Orthopedic Mattresses Drive Market Expansion?

Orthopedic mattresses are advised by doctors to enhance sleep quality and reduce pain. Increasingly busy and sedentary lifestyles cause back discomfort and other bodily aches, as a result customers choose orthopedic beds. Sales of orthopedic mattresses have greatly increased as a result. To achieve traction in the worldwide market, businesses concentrate on adding orthopedic mattresses to their product lines.

For instance, in 2019, Kurl-on by American brand Spring Air broadened its product line of orthopedic mattresses to cater to the increased demand.

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How Key Mattress Manufacturers Use Online Channels to Reach Millennials?

Millennials are looking for inexpensive beds with cutting-edge designs. Due to millennials' preference for online shopping, businesses now have more options to provide a wide range of affordable products to a larger customer base. Leading mattress producers like Casper, Leesa, Purple, Tuft & Needle, and Nest Bedding are concentrating on millennials by marketing their products with lighthearted social and digital content.

For instance, Nest Bedding Company collaborates with influencers like model Lindsay Pelas and Silicon Valley actor Jimmy O. Yang to produce amusing films as part of its marketing campaign for mattresses targeting millennials.

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How will Healthcare and Hospitality Account for the Majority of the Mattress Market?

Players in the expanding hotel and healthcare industries want to grow their businesses by offering the facilities and services that end consumers need. This includes mattresses that complement a hotel room's interior decor. The worldwide mattress market is expanding at a fast rate thanks to the proliferation of premium hotels and medical facilities. Hotels are anticipate accounting for a sizable portion of the global mattress market because they replace their mattresses more frequently than residential end users do.

Le Meridien, Hyatt Regency, JW Marriott, and Westin Hotels & Resorts are just a few of the upscale hotels that the King Koil Company mostly supplies mattresses to.

How Growing Demand for Airbeds and Waterbeds Will Accelerate Market Growth?

In the hospital and domestic markets in the US, Australia, UK, and other European nations, sales of waterbeds and airbeds are rising noticeably. The mattress industry is predicted to increase favorably as demand for these beds rises due to the health advantages of utilizing them, including fewer bedsores and even less strain on the body.

Over the forecast period, this market sector is anticipated to grow at a considerable CAGR. Major corporations concentrate on breaking into undeveloped areas in Latin America, East Asia, and South Asia when selling airbeds and waterbeds through department stores and e-Commerce websites.

How Conventional Synthetic Products are Losing Control in the Market?

The rise in awareness for usage of natural mattresses such as latex foam over chemical based PU foam is boosting the volume of sales. The consumer is more inclined towards health concerns and focused towards usage of natural products that do not have any side effects. Most of the key manufactures in developed countries including US, UK, Japan, and others are engaged in recycling and reusing activities related in order to provide towards increasing significance of sustainability.

Nowadays, with increase in issues such as sleeping disorder and back pain has alternatively emphasized the usage of natural mattress for quality sleep. Moreover, organic mattress are a key trend adopted by customers. However, the insufficient availability of organic material to cater to the increasing demand for such mattresses is hindering the growth of the mattress market.

Country-wise Insights

Will the Ageing Affluent Population in the US Drive Product Adoption?

The US market is anticipated to grow at a rate of 4.2%. The American Chiropractic Association lists back pain as one of the most frequent reasons people miss work. At least once a year, back discomfort symptoms are reported by half of all working Americans. On the other side, lower back discomfort results in annual health care costs for the US to at least US$ 50 billion.

Furthermore, the world is ageing at a rapid rate; by 2050, it's predicted that nearly 16% of the population will be 65 or older. As the population of the United States has aged, there has been a growth in the number of people experiencing problems like body aches, stiffness, back pain, and osteoarthritis. Besides, mattress use will help to reduce the occurrence of the aforementioned issues, hence promoting market resurgence.

How is Europe's Expanding Healthcare Sector Influencing Product Sales?

Germany held a value share of over 22.6% in the European mattress industry in 2022. Unlike other regions, the mattress industry in Europe has been recycling for some time. A number of small-scale recyclers disassemble mattresses by hand and sell the materials they create.

In the healthcare sector, demand for mattresses is rising in nursing homes, clinics, and hospitals. The major players in the European mattress market have brought out practical, adaptable hospital beds with height adjustment and modern networking capabilities.

Why is Demand for Mattress Increasing in China?

Through 2033, East Asia will grow at a rate of over 7.8% CAGR, with China accounting for the majority of the market's revenues. A significant mattress-manufacturing hub has emerged in China. China's increasing property market, rising income levels, and expanding population have all contributed to the country's rapid growth in the mattress industry. The current increase of global trade is a significant additional influence.

The rate at which new homes are built and refurbished, as well as innovations in traditional sleep concepts, are other factors affecting China's mattress market. Consumer groups are expanding in the Chinese mattress business, and there is still opportunity for further expansion. These causes have led to an increase in the demand for mattresses across the nation.

How is the Mattress Market Faring in Brazil?

One of the economies in Latin America with the fastest growth rate is Brazil. Mattress manufacturing has been impacted by the global slowdown in economic growth, but it is expected to continue to grow in a progressive way. Due to economical freight costs and market operations, the box type mattress is becoming more and more popular in Brazil. Consumers are buying mattresses online because it saves them time and keeps them informed about available mattress options.

Additionally, there is a growing market for production of smart mattresses that can maintain optimum pressure and keep the body straight while sleeping. The nation has a significant demand for custom mattresses.

Category-wise Insights

Why is Demand for Innerspring Mattress Key to Revenue Generation?

Based on the product category, the demand for innerspring mattresses is anticipated to grow at a remarkable pace of 5% CAGR.

A steel coil framework supports an innerspring mattress. There are two distinct types of spring systems: the single unit spring and pocketed coil springs. Depending on the intended design and comfort, the number of spring coils, the spring form, and the coil gauge all change. Padding and upholstery materials protect the innersprings. These mattresses are typically recognized as the most affordable and well-liked by a variety of consumers.

Which Size in Mattress Drives High Demand?

In terms of size, king size mattress are expected to rise at impressive CAGR of ~15%. When it comes to more space and larger beds, king size mattresses are the best. As you sleep on it, you can stretch and relax. Furthermore, the large range of options available in king size mattress is projected to boost the demand.

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

Online retailing is anticipated to grow at an excellent CAGR of ~11.4% based on sales channel. Because of the pandemic, consumer preferences have changed, and consumers are increasingly turning to online channels for their purchases. This has forced players to increase their online market presence. Manufacturers are also working to strengthen their internet presence in a sector where store-based commerce is still widely practiced.

Competition Landscape

The global mattress market exhibits a very stable competitive environment, with the majority of the top competitors continuing to retain their strategic emphasis on product quality and variety. Leading mattress manufacturers are currently putting R&D and new product launches first to improve the level of comfort offered by their mattress selection.

For instance:

  • In 2018, Serta Inc. introduced iComfort hybrid mattress with a new coil support system and TempActiv cooling technology to offer enhanced comfort as compared to conventional mattresses.
  • HomeServe Plc: The business is divided in EMEA, North America, and with a strong emphasis on HVAC in EMEA. Home cleaning services, electrician services, and plumbing services are some of its main specialties.

Report Scope

Attribute Details

Forecast Period

2023-2033

Historical Data Available for

2017-2022

Market Analysis

  • US$ Mn for Value
  • Units for Volume

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 Segments Covered

  • Product Type
  • Size
  • Sales Channel

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
  • Others

Report Coverage

  • Market Forecast
  • Company Share Analysis
  • Competition Intelligence
  • DROT Analysis
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives

Customization & Pricing

Available upon Request

Key Segments Covered in Mattress Industry Research

By Product Type

  • Foam
  • Hybrid
  • Innerspring
  • Latex
  • Others

By Size

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

By Sales Channel

  • Hypermarkets/Supermarkets
  • Direct Sales
  • Wholesalers/ Distributors
  • Specialty Mattress Stores
  • Online Retailers
  • Other Sales Channel

- Companies Covered in This Report -

  • 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

- Frequently Asked Questions -

The mattress market is valued at US$ 64,280.8 Mn as of 2022.

Mattress are projected to increase at 6.9% CAGR and is expected to be valued at around US$ 133,484.8 Mn by 2033 end.

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 among others.

Key exporters of mattress are China, the US, Japan, and Germany.

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