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Mattress Market Size, Share & Industry Analysis, By Type (Memory Foam, Gel, Inner Spring, Latex Mattress, Others (Water Bed, Air Bed, Pillow Tops)), By Size (Twin or Single Size, Twin XL Size, Full or Double Size, Queen size, Others (Crib, King)), By End-User (Household, Commercial), By Distribution Channel (Online, Offline) Others and Regional Forecast, 2019-2026

Region : Global | Report ID: FBI102108 | Status : Ongoing

 

KEY MARKET INSIGHTS

The mattress is essential for a good sleep and achieving good backup health. It also comprises of getting the right support and the comfort level. Along with good nourishment, sleep is also one of the important factor contributing towards good health. Therefore, increasing awareness about the health issues associated with sleep is driving the mattress market across the globe. For instance, in March 2018, It has been observed that almost 20% of the population across the globe are sleep deprived and have to consume sleep pills on a daily basis. 


Moreover, rising concerns for back pain mainly caused by the hectic schedule is one of the major reason for growing the mattress market. Additionally, increasing the standard of living and spending power of consumers on luxurious goods are some other factors responsible for driving the growth of the global mattress market.


Most of the players are shifting from synthetic mattress to organic one because of the rising awareness about the harmful effects generated by the synthetic mattress. The organic mattress does not include harmful pesticides and toxic chemicals and therefore helps to improve the sleep quality by reducing the chances of skin allergies. For instance, in January 2016, a manufacturer of certified organic mattress and sleep accessories Naturepedic launched a Chorus organic mattress in Las Vegas. 


Key Market Driver -

Increasing real estate sectors to serve the residential needs has led to increasing sale of home furnishings, thereby driving the global mattress market

Key Market Restraint -

Some mattresses are more expensive which may hamper the growth of the global mattress market.


Increasing investment in the healthcare industry to develop infrastructure and expand the healthcare facility will give rise to the demand for the mattress from hospitals, which in turn is expected to foster the growth of the market during the forecast period. The growing frequency of back pain problems mainly caused by insufficient sleep and uncomfortable sleeping surfaces is likely to drive the global mattress market. Additionally, hotels are the major end-users for market growth. Most of the hotels such as Hyatt Regency, Le Meridian, JW Marriot, and Westin Hotels & Resorts, change the mattress within a period of 4-5 years, which simultaneously increases the sale of the mattress. This, in turn, is projected to drive the global mattress market.


Furthermore, economic development in emerging countries of Asia Pacific, Middle East & Africa, and South America are focusing on increasing the construction activities, which is projected to lift the demand for the mattress market. Nowadays most of the consumers are highly concerned about the interiors and decorating their homes. They are engaged in replacing the old furniture with the latest one, this gives rise to the mattress market. The growing concept of nuclear families and live in a relationship has increased the number of houses, which has simultaneously propelled the growth of the market.


However, the latex mattress is more expensive than the other ones, which is not affordable to each and every individual which may somewhat hamper the growth of the global mattress market.


Key Players Covered:


The major players included in the global mattress market includes Relyon Limited, Simmons Bedding Company LLC, Spring Air International, Kingsdown Inc., McRoskey Mattress Company, Corsicana Mattress Company, Tempur Sealy International Inc., and others. These players are focusing on the customization of the product to improve the comfortability level and meet customer demand.


The global mattress market is segmented into by type, by size, by end-user, by distribution channel, and by region.


Based on the type, the global mattress market is segmented into memory foam, gel, innerspring, latex mattress, and others. The innerspring mattress segment is expected to hold the major share during the forecast period owing to the easy availability and at affordable prices.


On the basis of size, the market is fragmented into twin or single size, twin XL size, full or double size, queen size, and others. Queen size mattress is projected to hold the major share in the global mattress market. Queen size mattress includes enough space and can fit in a smaller room. This size is considered as one of the most versatile sizes.


Depending on the end-user, the market is bifurcated into household and commercial. The commercial sector is anticipated to be the leading end-user in the global mattress market. Rising demand for the mattresses from popular hotel chains is propelling the commercial end-user segment.


Based on the distribution channel, the global mattress market is segmented into online and offline. The offline channel is further sub-segmented into hypermarkets/supermarket, independent retailers, and specialty stores. The online channel is expected to be the largest segment as most of the customers are more comfortable buying the products over the internet. 


Regional Analysis:


The Asia Pacific is projected to hold the largest share in the global mattress market owing to the increasing population, and rising per capita income of consumers which tends to increase the purchasing capacity. The consumers in this region are investing a large amount of time over the internet, which inclines them to buy the products online, this gives rise to the growth of the mattress market. Moreover, most of the start-ups in India such as OYO Rooms, Fab Hotels are allowing to book hotels online and contributing to the growth of the market. The migration of population into urban areas has increased the demand for the mattresses which is likely to drive the market in this region.


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Europe is anticipated to hold a significant share in the global mattress market owing to rising customer shift towards the large houses and increasing preferences for multiple bedrooms in the houses. Additionally, increasing the healthcare and hospitality sectors in countries such as Germany, UK, France, Italy, and others are expected to drive the mattresses market.


Segmentation






























 ATTRIBUTE


 DETAILS

By Type




  • Memory Foam

  • Gel

  • Inner Spring

  • Latex Mattress

  • Others (Water Bed, Air Bed, Pillow Tops)



By Size




  • Twin or Single Size

  • Twin XL Size

  • Full or Double Size

  • Queen size

  • Others (Crib, King)



By End-User




  • Household

  • Commercial



By Distribution Channel




  • Online

  • Offline

    • Hypermarkets/Supermarkets

    • Independent Retailers

    • Specialty Stores





By Geography




  • North America (U.S., Canada, and Mexico)

  • Europe (France, Germany, Italy, Spain, U.K., Russia, and Rest of Europe)

  • Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific)

  • South America (Brazil, Argentina, and Rest of South America)

  • Middle East & Africa (South Africa, UAE, and Rest of ME&A)



Key Industry Developments



  • In August 2019, Kurl-on acquired Spring Air, an US-based luxury mattress brand.

  • In November 2018, KUTSON, online mattress retailer launched its first Bed-In-A-Box Mattress that offers facility od dual-side customization and modification capabilities.


MATTRESS Market Size, Share and Global Industry Trend Forecast till 2026
  • Feb, 2020
  • 2018
  • 2014-2017

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