Global Mattress Market accounted for US$ 30.65 billion in 2020 and is estimated to be US$ 55.18 billion by 2030 and is anticipated to register a CAGR of 6.1%. The expansion of speciality mattresses such as airbeds, waterbeds, and foam-based mattresses is anticipated to be fueled by an increase in back problems caused mostly by uncomfortable sleeping surfaces. It is mostly employed by new hospitals, as well as restored old healthcare facilities, which have greatly increased the need for such mattresses to provide comfort to in-patients, out-patients, and caregivers.
The report " Global Mattress Market, By Product Type (Hybrid, Foam, Latex, Innerspring, and Others (Air Bed and Waterbed)), By End-User (Residential and Commercial), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2029’’
Key Highlights:
· The iComfort hybrid mattress from Serta Inc. has TempActiv cooling technology and a revolutionary coil support system that incorporates copper into materials like natural latex. This allows immediate physical contact or proximity to the element, which relieves pain, decreases arthritis-related inflammation, aids in the treatment of a variety of other medical conditions, and boosts overall energy levels.
Analyst View:
Over the forecast period, rising disposable income, combined with a global homeownership rate of 69.6%, is predicted to increase demand for the product. The rising demand for residential real estate has resulted in an increase in the sale of home furnishings such as mattresses, pillowcases, and bed linen, consequently increasing demand for the product. The rise of the healthcare and hospitality industries is one of the primary factors driving the global market.
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Key Market Insights from the report:
Global Mattress Market accounted for US$ 30.65 billion in 2020 and is estimated to be US$ 55.18 billion by 2030 and is anticipated to register a CAGR of 6.1%. The global mattress market report segments the market on the basis of product type, end user, and region.
· Based on Product Type, Global Mattress Market is segmented into Hybrid, Foam, Latex, Innerspring, and Others (Air Bed and Waterbed).
· Based on End-User, Global Mattress Market is segmented into Residential and Commercial.
· By Region, the Global Mattress Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Competitive Landscape & their strategies of Global Mattress Market:
Key players in the global mattress market includes, Tempur-Pedic North America, LLC., Simmons Bedding Company LLC., Serta, Inc., Spring Air International, Select Comfort Corporation, Southerland Sleep, Sealy Corporation, Kingsdown, Inc., Relyon Beds, and Zhejiang Huawei Media Group Co., Ltd.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
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