Mattress Market Expected to Reach $64,045.5 Miillion, Globally, by 2030 | American Sleep Association, European Bedding Industries Association, European Commission, Home Furnishing Association

A number of factors, such as the surging disposable income and favorable government policies, rising standard of living, increasing population, growing tourism industry, surging concern regarding sound and healthy sleep, rising migration to urban areas, and increasing prevalence of back and spine problems across the globe, are expected to drive the growth of the mattress market at a CAGR of 7.0% during the foreseeable period (2021–2030). According to P&S Intelligence, the market generated $32,875.3 million revenue in 2020, and it is expected to reach $64,045.5 million by 2030.

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One of the prime factors aiding the mattress market growth is the surging disposable income and favorable government policies for the real estate sector. For instance, as per the Organisation for Economic Co-operation and Development (OECD), the global disposable income increased at a growth rate of over 2% in 2019 from 2018. These factors are making housing affordable, which is increasing the home ownership rate, thus driving the demand for mattresses. Moreover, the rising disposable income boosts the tourism sector, thereby positively impacting the market growth.

The product segment of the mattress market is categorized into innerspring, latex, memory foam, and others. Among these, the memory foam category accounted for the largest market share in 2020. This is ascribed to the high usage of this type of mattresses by individuals suffering from orthopedic problems, as these mattresses offer more comfort, more evenly distribute the body weight, and better support the body in response to pressure and heat as compared to other types. Moreover, they are used in the commercial sector owing to their low price and easy availability.

Geographically, the Asia-Pacific (APAC) mattress market generated the highest revenue in 2020, and it is also expected to witness the same trend during the forecast period. This is attributed to the growing tourism industry, surging per capita disposable income in developing countries, increasing population of China, India, and Indonesia, improving standards of living of the middle-class population, and rising purchasing power of people. In addition, with the awareness on sound and healthy sleep rising, people are replacing their mattresses more often than before.

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Thus, the rising disposable income, favorable government policies, and increasing migration to urban areas are expected to boost the market growth during the forecast period.

The research offers market size of the Global Mattress Market for the period 2014–2030.

Market Segmentation by Product

Innerspring
Memory Foam
Latex
Others (Gel, Hybrid, Air, and Water)
Market Segmentation by Size

Single
Double
Queen
King
Market Segmentation by Distribution Channel

Online
Offline
Market Segmentation by End Use

Residential
Commercial
Hotel
Hospital
Others
Market Segmentation by Region

North America Mattress Market
By Product
By size
By distribution channel
By end use
By type
By country – U.S. and Canada
Europe Mattress Market
By product
By size
By distribution channel
By end use
By type
By country – U.K., Germany, France, Italy, Spain, and Rest of Europe
Asia-Pacific (APAC) Mattress Market
By product
By size
By distribution channel
By end use
By type
By country – China, India, Japan, Australia, and Rest of APAC
Latin America (LATAM) Mattress Market
By product
By size
By distribution channel
By end use
By type
By country – Brazil, Mexico, and Rest of LATAM
Middle East and Africa (MEA) Mattress Market
By product
By size
By distribution channel
By end use
By type
By country – U.A.E., Saudi Arabia, South Africa, and Rest of MEA

This study covers

Historical and the present size of the Mattress Market
Future potential of the market through its forecast for the period 2020– 2030
Historical and the present size of the market segments and understand their comparative future potential
Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders
Major players operating in the market and their service offerings

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This release was published on openPR.