July 08, 2020
According to the research report titled ‘Global Mattress Market - Analysis By Product Type, By Size, By End User, By Region, By Country (2020 Edition): Market Insight, Competition and Forecast (2020-2025)’, available with Market Study Report LLC, global mattress market was worth USD 29492.37 million in 2019 and is expected to record considerable growth through 2025.
Increasing expenditure in development of innovative products, along with growing availability to a wide variety of mattresses in emerging economies owing to ever changing sleeping patterns of consumers are driving the growth of global mattress market. In addition, surging demand for memory foam and latex mattresses is likely to augment the market growth over the anticipated timeline.
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Based on product type, global mattress market is divided into memory foam, latex, innerspring, and others. Innerspring mattress segment is projected to attain a significant market share in the forthcoming years, on account of abundance of such mattresses among several major manufacturers coupled with increasing investment in online distribution channels to expand their reach. Moreover, continuous research & development of mattresses to provide better quality and comfort to customers is positively impacting the overall industry outlook.
Based on size, global mattress market is split into full, queen, king, and others. Speaking of end user spectrum, the market is categorized into commercial and domestic. King size mattress and domestic end-user segments presently hold majority market share owing to increasing number of nuclear families and investment in construction of houses.
From a regional point of view, Asia Pacific is projected to hold significant share of global mattress market in the upcoming years, followed by Europe and North America. The growth is attributable to rising household furnishing expenditure, presence a wide customer base, and growing focus among global manufacturers towards expanding their reach in untapped markets.
Major players in global mattress market are Leggett & Platt Inc., Casper Sleep Inc., Saatva Inc., Sealy Corp., Paramount Bed Holdings Co., Ltd., McRoskey Mattress Company, Relyon Ltd., Tempur Sealy International Inc., Simmons Bedding Company LLC, and Sleep Number Corporation among others.