Mattress Market Report and Forecast 2023-2028

According to the report, the global mattress market reached a value of USD 32.83 billion in 2022. Aided by the escalating demands for comfortable sleeping solutions and the proliferating awareness about sleep's health implications, the market is projected to further grow at a CAGR of 7% between 2023 and 2028 to reach a value of USD 48.81 billion by 2028.

A mattress, quintessential to the furniture industry, is a rectangular pad designed to support the reclining body, ensuring restful sleep, relaxation, and rejuvenation. The types and compositions of mattresses have greatly evolved, now ranging from traditional innerspring variants to memory foam, latex, hybrid models, and even technologically infused options. Their pivotal role in enhancing sleep quality directly affects an individual’s overall well-being, physical health, and cognitive functions.

The intensifying global focus on health and wellness has inadvertently spotlighted the role of sleep in maintaining optimal health. This awareness has sparked a consumer shift towards premium and ergonomically designed mattresses that promise improved sleep quality. Additionally, the growing incidence of back and posture-related ailments has heightened the demand for orthopedically recommended mattresses, giving manufacturers new avenues for product innovation and differentiation.

Technological innovations are also significantly adding value to the global mattress market size. The introduction of smart mattresses equipped with sensors to monitor sleep patterns, control bed temperatures, and adjust firmness levels in real-time offers consumers a personalised sleep experience. As technology becomes more ingrained in everyday life, its integration into mattresses signals a future where beds are not just about comfort but also about data-driven sleep enhancement.

Moreover, the hospitality industry's growth, characterised by the rise in hotels, resorts, and serviced apartments, directly correlates with an uptick in the demand for high-quality mattresses. As businesses in the hospitality sector aim to offer unparalleled comfort to their guests, they often invest in premium mattresses, further bolstering the mattress market demand.

On the sustainability front, there's a noticeable push towards eco-friendly mattresses made from organic and recyclable materials. As environmental concerns gain precedence, manufacturers are innovating with natural fibres, organic latex, and sustainable production processes to cater to the green consumer segment.

Direct-to-consumer online mattress brands have also disrupted traditional sales models. Leveraging digital platforms, these brands offer consumers the convenience of choice, reviews, home trials, and hassle-free returns. This online sales boom, combined with aggressive marketing strategies, has introduced a younger demographic to premium mattress offerings, further inflating mattress market growth.

Market Segmentation

The market can be divided based on product, application, distribution channel, and region.

Market Breakup by Product

• Innerspring Mattresses
• Memory Foam Mattresses
• Latex Mattresses
• Airbed Mattresses
• Others

Market Breakup by Application

• Household
• Commercial

Market Breakup by Distribution Channel

• Offline Retail
• Online Retail

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global mattress market. Some of the major players explored in the report are as follows:

• Tempur Sealy International, Inc.
• Serta Simmons Bedding, LLC.
• Spring Air International
• Kingsdown, Inc.
• Southerland, Inc
• Sleep Number Corporation
• Boll & Branch LLC
• Casper Sleep Inc.
• Others

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*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.