openPR Logo
Press release

Mattress Market: Local Players Give Competition to Global Players with Competitive Prices

The global mattress market is envisaged to be moderately consolidated in the upcoming years, as per a recent publication by Transparency Market Research (TMR). Simmons Bedding Company LLC, Serta Inc., and Sealy Corporation are the top three names in the global mattress market that collectively held more than 50% of the market in 2015. These companies in commanding position could also be steering development trends in the overall mattress market.

Get Brochure For More Information@ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1727

As per estimates presented by TMR, the global mattress market will rise at a CAGR of 6.5% for the forecast period between 2017 and 2024 to reach a valuation of US$43.43 bn by the end of 2024. The market was evaluated to be worth US$27.87 bn in 2017.

The innerspring mattress product type held the leading share in 2015, and going forward the segment is expected to progress at a significant CAGR between 2017 and 2024. Asia Pacific is expected to hold promise for the global mattress industry with the region accounting for more than 38.0% share in 2015.

Revival of Global Economy Boosts Sale of Mattresses

The global mattress market is expected to be driven by a number of factors in the coming years. Increasing home refurbishment pursuits and increasing number of home ownership are driving sales of mattresses. The revival of the economy in countries of Europe and North America post the economic slump of 2008 is witnessing upward trend for sale of new homes. All these factors are expected to lay a strong foundation for the growth of the global mattress market.

Economic development in several countries of Asia Pacific, Africa, and Latin America have upped domestic and commercial construction over the past few years. This is expected to boost the demand for mattress for residential and commercial spaces. Moreover, rising disposable incomes has been a key factor for spending on premium mattresses that offer excellent comfort and sound sleep. Aggressive migration from rural to urban areas in these countries for work opportunities is fuelling the demand for mattress.

The growth of the hospitality industry across the world is also having a positive bearing on the global mattress market. Some of the large hotel chains in the world display demand for made to order mattresses that are high in comfort and offer sound sleep.

This, along with the availability of a wide range of products in terms of style, size, thickness, firmness is helping the global mattress market tread a growth path.

Fluctuating Raw Material Prices and Hike in Labor Cost Trouble Vendors

However, on the flip side, consistent increase in price of raw materials is increasingly becoming a concern for mattress manufacturers for the manufacture of high quality products. Not only this, scarce availability of some raw materials that are obtained from natural resources is resulting in suppliers to raise prices in the middle of a heightened demand. These factors are leading cost sensitive consumers in emerging markets to switch to local products. Moreover, escalating labor cost leading to hike in prices is negatively impacting the global mattress industry.

Download ToC Of Research Report@ https://www.transparencymarketresearch.com/report-toc/1727

However, the booming construction industry and population growth in developing countries is expected to set the tone for growth of the world mattress market.

About Us:-

We are leaders in analytics, research, and advisory services for Fortune 500 companies, scores of high potential startups, and financial institutions. Our success stories have proven why we are a preeminent provider of cutting-edge syndicated and customized research services. Leverage the best of our seasoned research analysts who hold a keen interest and enviable expertise of almost 4 million hours in global, regional, and local market intelligence.

Contact Us:-

State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
Email: sales@transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Mattress Market: Local Players Give Competition to Global Players with Competitive Prices here

News-ID: 1161995 • Views: 270

More Releases from Transparency Market Reasearch

PID Controller Market Analysis, Opportunities and Forecast From 2021 To 2031 By …
The PID controller is an instrument that is used for industrial control applications to regulate temperature, flow, pressure, speed, and other processes. PID controllers utilize the control loop feedback mechanism to control the process variables. This type of controller is used to drive the system in the direction of objective location. The technology of PID controller has been witnessing considerably advancements for the last few years. Advancements range from mechanics, pneumatics,
Torque Limiter Market Growth And Forecast | TMR Insight
Torque limiters are increasingly used in heavy-load applications to extend the product lifecycle of heavy-duty machinery. This directly helps stakeholders in profiting from the prolonged lifecycle of machinery, prevent damage, and save on overall costs. Likewise, torque limiting is being used in aviation to develop more compact, lightweight, and efficient equipment. Since intelligent construction, high-end materials, and latest technology form the foundation of aviation equipment, stakeholders are leveraging new design equipment
Emerging Regions to Drive Formic acid Market, predicts TMR
Formic acid is made artificially through different strategies like hydrogenation of carbon dioxide and oxidation of biomass. It is likewise a bi-result of acidic acid creation. This acid breaks up in fluid like alcohols, water, and different hydrocarbons like ether and CH3)2CO. The formic acid market is relied upon to grow fundamentally because of the ascent sought after for the acid in different applications like cowhide, additives, agribusiness, and creature
ECG Devices Market is Booming Worldwide According to New Research Report
Owing to high prevalence of cardiovascular diseases (CVD), the global ECG devices market will chart significant growth over the coming few years. And, this will be further fuelled by increasing adoption if technology over across the globe in order to improve the medical outcomes. The global ECG devices market is sett o chart promising growth over the forecast period of 2018 and 2026, as per a Transparency Market Research study.

All 5 Releases


More Releases for TMR

Tumblers Market 2028 | TMR Research
The tumblers market is expected to set growth straight with rising demand for new attractive designs for liquors including alcoholic, and non-alcoholic in emerging region of Asia pacific. The rising disposable income, increasing access to quality products, and new product launches customised to suit the taste of the region promise major growth for the tumblers market in near future. Download Brochure of This Market Report at - https://www.tmrresearch.com/sample/sample?flag=B&rep_id=6200 Among regions, North America,
TMR Research
Global 3D Animation Market: Snapshot The evolution and introduction of three-dimensional (3D) animation has given the world of animation a new perspective. The process of creating 3D moving images in a digital space through objects or models has given these illusions depth. One of the most fundamental differences between 2D animation and 3D animation is the technique used for creating the images and the way they look. The global 3D animation
TMR
Various strategies are leveraged by success-hungry players in the global hyperbaric oxygen therapy devices market. One of them is the thrust on research and development to come up with new or better products. Their focus is on building cost-effective medical devices that would see greater uptake. Strategic partnerships are also being undertaken by them to diversify product portfolios and gain greater share. Further, companies are shifting their gaze to developing
Monolithic Ceramics Market Analysis : TMR
Transparency Market Research has published a new market report titled “Monolithic Ceramics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” According to the report, the global monolithic ceramics market was valued at US$ 19.43 Bn in 2014 and is anticipated to reach US$ 36.64 Bn by 2023, expanding at a CAGR of 7.3% between 2015 and 2023. Request to view Sample Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3158 Monolithic ceramics are
Wax Market Analysis : TMR
A recent research report published by Transparency Market Research projects the global wax market to expand at a CAGR of 2.6% during the period between 2014 and 2020. The report, titled “Wax Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,” estimates the global wax market to be worth US$8.98 bn by 2020. The overall market stood at a valuation of US$8.21 bn in 2013
Sulfone Polymers Market Analysis : TMR
Global Sulfone Polymers Market: Snapshot Several grades/varieties of sulfone polymers have gained vast applicability across a number of industries in the past few years. The relatively higher level of resistance wear and corrosion provided by these materials as compared to metals have increased their usage in medical devices and implants. Owing to their high transparency resistance, low weight, and high performance, the demand for sulfone polymers is also rising in the