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The mattress market, which was anticipated to be worth $53.56 billion in 2021, is expected to expand to US$79.04 billion by 2028, with a CAGR of 6.7 percent throughout the analyzed period. A mattress is a fabric case filled with a resilient material (such as cotton, hair, feathers, foam rubber, or a coil spring arrangement) that can be used alone or with a bedstead. Mattresses are extremely helpful piece of furniture that ensures the most comfortable sleep possible. They’re usually made of soft and comfortable materials. This market sector includes mattresses made of springs, foam, and latex. Water mattresses, pneumatic mattresses, and bed frames are not included. With the rising demand, the Mattress market expected to grow during the forecasted period
Sleep deprivation is a severe problem that can have a variety of negative health consequences; the availability of sufficient cushioning to sleep on helps to enhance the market. According to a Consumer Research study conducted by the Better Sleep Council, around 83 percent of respondents said they would replace their mattress if it did not provide them with adequate sleep. In contrast, approximately 8 out of 10 users felt that a low-quality product is unhealthy. The Better Sleep Council (BSC) provides consultation on how to acquire enough sleep, as well as product recommendations.
With a growing population, the number of households is expanding worldwide. This has increased demand for everyday things, such as various household furnishings. For example, according to the Housing Statistical, new house completions in England reached 169,770. Furthermore, the expanding trend of beautiful home decor adds significantly to the growth of the premium mattress market. Similarly, the ever-increasing demand for children’s beds contributes to the market’s expansion during the forecasted period.
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Major Key Players for Mattress Market:
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July 2021 – The largest mattress retailer, American Mattress, has formed a retail relationship with Casper, an award-winning sleep innovation company, to extend the partners’ mattress offerings in the United States and Canada.
January 2021 – ‘Von Viva,’ a luxury range of custom-made mattresses for multiple sleepers, was introduced by Sleep Boutique Inc., a Canadian custom sleep products company.
For this report, Introspective Market Research has segmented the Mattress Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2022-2028)
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The report encompasses the entire analysis of market size in previous years for major segments and countries, as well as future estimates. The Mattress Market study looks deeply into the worldwide market’s competitive landscape. The study also provides the names of key market players and the methods they used to gain a dominant position in the industry. It also includes useful market insights, dynamics and factors, and market analysis techniques such as PESTEL analysis, PORTER’s Five Forces analysis, value chain analysis, SWOT analysis, BCG matrix, and Ansoff matrix.
Introspective Market Research (introspectivemarketresearch.com) is a visionary research consulting firm dedicated to assist our clients grow and have a successful impact on the market. Our team at IMR is ready to assist our clients flourish their business by offering strategies to gain success and monopoly in their respective fields. We are a global market research company, specialized in using big data and advanced analytics to show the bigger picture of the market trends. We help our clients to think differently and build better tomorrow for all of us. We are a technology-driven research company, we analyze extremely large sets of data to discover deeper insights and provide conclusive consulting. We not only provide intelligence solutions, but we help our clients in how they can achieve their goals.
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