U.S. Mattress Market Competitive Landscape, Insights by Geography, and Growth Opportunity

The increasing number of construction projects, especially in the residential sector, in the U.S. is one of the major factors propelling the demand for mattresses in the country. As per the U.S. Census Bureau in November 2019, the construction spending in the country grew by 4.1% from 2018 to 2019, that is, from $1.271 trillion in 2018 to $1.324 trillion in 2019. Furthermore, the expenditure on private construction was 1.6% more in November 2019 than the figure reported in 2018.

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Similarly, residential construction expenditure in the country in November 2019 was 2.7% more than the figure reported in 2018. Apart from these factors, the flourishing hospitality and tourism sectors are also pushing up the sales of mattresses in the country. This is fueling the expansion of the U.S. mattress market. As a result, the value of the market is predicted to grow from $15,728.8 million in 2019 to $22,519.9 million by 2030.

According to the estimates of P&S Intelligence, a market research company based in India, the market would progress at a CAGR of 3.5% between 2020 and 2030. Latex, memory foam, and innerspring are the major types of mattresses sold in the country. Water-type, air-type, gel-type, and hybrid mattresses are the other most widely sold mattresses in the country. Out of these, the demand for innerspring mattresses is predicted to rise rapidly in the future years.

The U.S. mattress market is predicted to demonstrate the fastest growth in the western region in the upcoming years. This would be a result of the rising urbanization rate in the region. Major states in this region such as Oregon, Nevada, Utah, Arizona, and California are witnessing a sharp surge in residential construction activities, on account of the growing population levels. This is pushing up the sales of mattresses in this region.

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Hence, it can be said without any hesitation that the demand for mattresses would surge in the U.S. in the forthcoming years, primarily because of the increasing construction of residential buildings and the thriving tourism sector in the country.

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P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

This release was published on openPR.