July 20, 2022 12:30 ET | Source: Transparency Market Research Transparency Market Research
Albany, New York, UNITED STATES
Wilmington, Delaware, United States, July 20, 2022 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The size of mattress market stood at US$ 36.7 Bn in 2021. The market is predicted to rise at a CAGR of 6.5% during the forecast period, from 2022 to 2031. The global mattress market size is likely to attain value of US$ 68.5 Bn by 2031. The growing preference for comfortable and modern mattresses across the globe is predicted to propel the growth of the global mattress market. Market participants are developing improved mattresses as consumer knowledge of the quality of sleeping mattresses' materials rises.
Improved materials and cutting-edge technology are being used by producers to provide consumers with better sleep. Companies are focusing on employing natural materials to make mattresses spurred by an increase in demand for mattresses made of natural and organic materials. Companies also need to concentrate on using internet channels to boost sales. Additionally, companies are likely to be able to remain on top of market developments with the use of this strategy and this is also likely to work in favour of the mattress industry value chain.
In the 20th century, memory foam and innerspring mattresses became increasingly popular, and demand for them soared. Since the earliest grass-lined beds, mattresses have advanced significantly. The fundamental idea, though, of a warm, safe, and comforting place to relax recharge during the night, has not changed. The need for comfort bedding is growing as people are more interested in relaxing and getting good sleep.
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Key Findings of Market Report
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Global Mattress Market: Growth Drivers
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Global Mattress Market: Key Players
Some of the key market players are
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Consumer Goods & Services Research Reports
Medical Mattress Market - The medical mattress market, which is estimated to exceed value of US$ 21 Bn by 2030, expanding at a CAGR of 4% during the forecast period
Mattress and Mattress Component Market - The global mattress and mattress component market is expected to reach US$ 71.31 Bn and US$ 42.32 Bn by the end of 2031, expanding at a CAGR of 5.5% and 4.6% from 2022 to 2031
Mattress Topper Market - The global mattress topper market is estimated to exceed the value of US$ 1.7 Bn by 2031, expanding at a CAGR of 7% during the forecast period
Luxury and Premium Mattress Market - Globally, revenue generated by the luxury and premium mattress market accounted for US$ 6.2 Bn in 2019, which is expected to expand at a CAGR of 4.5% in terms of value during the forecast period
Outdoor Clothing Market - Outdoor Clothing Market is expected to reach the value of US$ 23.6 Bn by the end of 2031, It is estimated to expand at a CAGR of 5.6% from 2022 to 2031.
High Visibility Clothing Market - High Visibility Clothing Market is expected to surpass value of US$ 2.9 Bn by the end of 2031, It is estimated to grow at a CAGR of 6.5% from 2022 to 2031.
Dog Clothing & Accessories Market - Dog Clothing & Accessories Market accounted for US$ 9.9 Bn in 2019, which is expected to expand at a CAGR of 5.5% in terms of value during the forecast period.
Carpets & Rugs Market - The global carpets & rugs market is expected to reach US$ 123.73 Bn by the end of 2031, grow at a CAGR of 5.0% from 2022 to 2031
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