openPR Logo
Press release

MATTRESS MARKET HAVING A CAGR OVER 12% AND EXPECTED TO REACH A REVENUE OF AROUND USD 3,000 MILLION BY THE END OF 2024

MATTRESS MARKET

MATTRESS MARKET

Market Overview

According to a new market report published by BlueWeave Consulting, the global mattress market was valued around USD 30,000 Million in 2017 and is expected to expand over a CAGR of 7% from 2018 to 2024, by value, reaching around USD 50,000 Million by the end of the forecast period. According to the report, North America was the largest contributor in terms of revenue to global mattress market in 2017.

Growing demand for tour and travel, resulting in the growth of hotel industries is driving the Global Mattress Market

Mattresses are used to provide a comfortable sleep, after hours of work in the busy lives of working professionals across the globe. Thus, the increasing disposable income has a positive impact on the standard of living which creates demand for home furnishing and interior designing, including items like mattresses for comfortable sleep. The use of mattresses has increased rapidly both technologically and by application in the recent years. These technological advancements have acted as a breakthrough for improved mattress offerings, that are beneficial for health as well.

Request for Sample of this Report@ https://bit.ly/2SNAv5t

The factors that enhance the global mattress market are increasing demand for mattress from the hotel industries for room service and provision of best class facilities to the customers. As per the annual report of Ministry of Tourism, India, Foreign Tourist arrival in India has increased from 8.8 Million people in 2016 to 10.18 Million in 2017 and it has increased from 9.7% over 2015 to 15.6% over 2016. Thus, there is increase in demand for hotels, leading to demand for mattress in the hotel room.

The key driver for the global mattress market is increasing disposable income and rapid urbanization in developing countries, like India and China, that results in luxury and comfort. Moreover, Due to rapid urbanisation in developing countries, people are looking for flats and rooms in cities near to the job locations. Thus, the demand for real estate construction has also increased in the recent years, owing to an increase in the demand for home furnishing items like mattresses. Sales of home furnishing products has increased, coupled with customer requirements who can afford luxury home decoration products. Thus, the growth of home furnishing along with the demand for luxury home décor or interior designing drives the demand of mattress.

Scope of the Report

The global market for mattress is segmented by product type, size, distribution channel, application, and geography. The product type is further segmented into Memory Foam, Innerspring, Latex, and Others. The size of mattress is further segment into Twin or Double, Twin XL, Full or Double, Queen, King & Other sizes. The distribution channel is segmented into an Online and Offline channel. Furthermore, the application market can be bifurcated into Residential, Commercial & Industrial segment. Geographically, the Global Food Additive market is bifurcated into North America, Asia Pacific, Europe, Middle East & Africa, and Latin America. The North American market was the most prominent market because of a lot of big manufacturers involved in producing mattresses in this region, Serta, Inc., Simmons Bedding, Company LLC, Kingsdown, Inc., etc.

Competitive Dynamics

Major industry players in global mattress market are adopting different strategic initiatives such as mergers and acquisitions, partnerships, and collaborations for strategic expansion in the food additive market. For instance, In April, 2018, Owen & Company that is a leading manufacturer of handcrafted luxury mattresses, operating in Canada primarily under the Kingsdown brand, has announced its merger with its US counterpart Kingsdown Inc.

Market Segmentation
By Product Type
By Size
By Distribution Channel
By Application
By Region

Browse full Research Report@ https://www.blueweaveconsulting.com/mattress/

Contact Us:
info@blueweaveconsulting.com
https://www.blueweaveconsulting.com
Phone Number: 18666586826

About BlueWeave Consulting & Research Pvt Ltd. (BWC)

BlueWeave Consulting provides a full scope of business intelligence solution for solving your toughest challenges. BWC is an emerging global expert & pioneer in the market research and provision of exclusive market INTEL. We optimize your decision making by equipping your industry with an accurate & better market research according to your industry demands through our professionally designed qualitative & quantitative research methods. Our trendy & efficient sample collection methods, integrated data solutions as well as methodologies certainly make us a better partner that you can rely on. With collective experience in the varied fields of retail, market research and reporting, we provide the business insight and business practices that would give the required impetus for your company’s growth.

GD-69, Sector G, East Kolkata Twp,

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 HAVING A CAGR OVER 12% AND EXPECTED TO REACH A REVENUE OF AROUND USD 3,000 MILLION BY THE END OF 2024 here

News-ID: 1393243 • Views:

More Releases from BlueWeave Consulting & Research Pvt Ltd.

United States Enhanced Water Market Size, Share Growth is Projected to Growing a …
The United States enhanced water market is growing at high rate because of the rising health awareness and the need for additional nutritional supplements in the body due to a busy lifestyle.... A recent study conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the US enhanced water market was worth USD 2,131.0 million in the year 2020. The data yielded by the study reveals that the
Global Electronic Bill Presentment and Payment (EBPP) Market Size & Share is Gro …
Electronic bill presentment and payment (EBPP) market is being driven by factors such as globalization, businesses expanding overseas, and consumers increasingly using plastic money. Market growth is also driven by the use of high-speed internet access on smart phones... A recent study conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the global electronic bill presentment and payment (EBPP) market was worth 18.5 number of bills in
Global Fatty Alcohol Market Size & Share is Predicted to Garner USD 8.4 Billion …
The global fatty alcohol market is growing at a high CAGR because of the increasing demand for bio-based renewable products to promote sustainability and control dependence on non-renewable products such as petrochemicals... A recent study conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the global fatty alcohol market was worth USD 5.5 billion in the year 2020. The market is estimated to grow at a CAGR
Global Medical Goggle Market Size, Share & Growth is Projected to Grow at a CAGR …
The global medical goggle market is growing at a high CAGR because of the increasing demand for surgical procedures and prevalence of infectious diseases and stringent regulations regarding the safety of healthcare workers... A recent study conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the global medical goggle market was worth USD 443.4 million in the year 2020. The data generated by the study reveals that

All 5 Releases


More Releases for MATTRESS

Mattress and Mattress Component Market: Trends, Drivers, and Outlook through
The global mattress and mattress component market has witnessed robust growth over the past decade, driven by rising disposable incomes, an expanding middle class in emerging economies, and an increasing consumer focus on sleep quality and overall health. As consumers become more aware of the importance of restorative sleep on physical and mental well being, demand for premium mattresses, advanced support systems, and specialized components has surged. Innovations in materials-ranging
Melodreams Mattress
Melodreams: Redefining Sleep Comfort with Excellence in the Mattress Industry Kanpur, India - Established on a foundation of innovation and quality, Melodreams is setting new standards in the mattress industry. As a proud part of a legacy operating since 1988, Melodreams brings a unique blend of expertise and customer-centric craftsmanship to enhance the art of restful sleep. Driven by a commitment to spine and back health, Melodreams distinguishes
DLX Mattress Unveils Next-Generation LatexLux Premier Hybrid Mattress
Innovative New Product Combines Premium Latex with Advanced Hybrid Design for Unparalleled Comfort, Support, and Customization Jamestown, NY - August 9, 2024 - DLX Mattress (www.dlxmattress.com [http://www.dlxmattress.com/]), a leading name in the mattress industry, is proud to announce the launch of its latest innovation, the LatexLux Premier Hybrid Mattress. This cutting-edge mattress combines the finest natural latex with advanced hybrid technology to deliver an exceptional sleeping experience that caters to diverse
Mattress Market
New York, Global Mattress Market report from Global Insight Services is the single authoritative source of intelligence on Mattress Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types,
Mattress Topper Market Highlights On Evolution 2030 | Avocado Mattress, LLC.
Global Mattress Topper Market: Overview The bizarre intricacies of the COVID-19 epidemic have left people all around the world befuddled, forcing them to explore unfamiliar grounds. This has forced people to take their health and wellbeing more into consideration. Mattress topper manufacturers seize this chance to enhance the supply of matron toppers on campuses since more institutions are being reopened in 2021. These factors are projected to play important role in
Mattress Shop Sydney – What to Consider When Buying a Mattress
Mattress shop Sydney has the best tips for your short-term and long-term health. It all depends on the good rest and the sufficient sleep we get at night. What is important and crucial when buying a mattress is to fit the contours of your body and to meet your sleeping needs. However, the final decision should take into account the budget we can afford, as well as the preferences of the