Mattress Market Growth Scenario (2022-2030)

HTF Market Intelligence released a new research report of 352 pages on title 'Mattress Market Current Analysis and Forecast (2022-2030)' with detailed analysis, forecast and strategies. The study is a perfect mix of qualitative and quantitative Market data collected and validated majorly through primary data and secondary sources. The study covers key regions that includes LATAM, North America, MENA, Southeast Asia, Europe, APAC, United States or China and important players such as include Simmons Bedding Company, Sealy Technology LLC, Serta Simmons Bedding LLC, Kingsdown Inc., Leggett & Platt Incorporated, Paramount Bed Co. Ltd., Sleep Number Corporation, Southerland Sleep, Spring Air International, and Tempur-Pedic International, etc.

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Summary
The global mattress market is likely to showcase a growth of around 6% during the forecast period. Key factors influencing the growth of the mattress market are the rising number of housing units, increased incidences of back problems caused mainly by uncomfortable sleeping surfaces, and the growth of the real estate industry. According to Hopkins medicine, around four out of five people have lower back pain problems at some point in their lives. It is one of the most common reasons people visit doctors. There are several reasons that can cause back pain such as age, weight, occupation & lifestyle, disease, and others. Mattresses are really effective in reducing back pain, they can offer firm core support with a thick layer of cushioning foam that cradles the body and keeps the spine aligned. Moreover, increasing urbanization is another major factor propelling the demand for mattresses. According to the World Bank, the total urban population in 2010 was around 3.5 Bn which increased to more than 4.3 Bn in 2020.

Insights Presented in the Report
"Amongst material, innerspring category held prominent market share in 2020"
Based on material, the market is segmented into innerspring, foam, latex, and others. The innerspring segment possessed a significant share of the revenue in the market in 2020 and is expected to grow at a prominent growth rate during the forecast period. Innerspring beds make use of metal coils in their base that provide strength, and resiliency, while the comfort layer is relatively thin, at around 2 inches or less. Modern innerspring beds are relatively inexpensive to produce, so they are a popular budget-friendly option. 
"Amongst application, domestic category held prominent market share in 2020"

On the basis of application, the market is categorized into domestic and commercial. The domestic segment held a substantial share in the mattress market in 2020 and is expected to witness a strong growth rate during the forecast period. The major factors driving the growth of this segment are the rising number of housing units and increased incidences of back problems. With the increasing urbanization, the demand for housing units is increasing. For instance, according to the United States Census Bureau, around 137 Mn housing units were present in the U.S. in 2017 and this number rose to more than 140 Mn units in 2020. This means around 1 million houses were built every year. This directly affects the growth of the mattress market positively.
"APAC is expected to witness a substantial growth during the forecast period"

During the forecast period, APAC is expected to have a robust CAGR due to the rapidly increasing population and growing real estate industry in the region. The two Asian giants, China and India are the two most populous countries in the world, with China being home to about 1.44 billion people and India to 1.38 billion in 2020. China and India together account for about 36% of the total world population. Moreover, the region is home to around 60 percent of the world's total population. More population requires more housing units and an increasing real estate sector results in growth in the mattress market.

Some of the major players operating in the market include Simmons Bedding Company, Sealy Technology LLC, Serta Simmons Bedding LLC, Kingsdown Inc., Leggett & Platt Incorporated, Paramount Bed Co. Ltd., Sleep Number Corporation, Southerland Sleep, Spring Air International, and Tempur-Pedic International Inc. among others.

Reasons to buy this report:
• The study includes market sizing and forecasting analysis validated by authenticated key industry experts
• The report presents a quick review of overall industry performance at one glance
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
• The study comprehensively covers the market across different segments
• Deep dive country-level analysis of the industry

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