Mattress Market Soars: Sustainability, Innovation, and Online Boom Drive Global Growth

The size of the global mattress market witnessed a noteworthy expansion, rising by USD 9.5 billion from 2019 to 2023, indicating a remarkable year-on-year growth. Amidst the pandemic, the mattress industry exhibited notable growth within the broader furniture sector. As individuals found themselves compelled to spend more time at home, there was a substantial upswing in the desire for home improvements, translating into an accelerated need for the replacement of beds and mattresses. This particular trend resulted in a significant 10% expansion in the global market, compelling retailers to augment their inventories to adequately address the surging demand.

The Innerspring Mattress Market has grown significantly in recent years, with an upward trend driven by escalating consumer demand and technical developments. The Innerspring Mattress Market has experienced a spike in product offers, catering to a variety of demands and interests as sectors embrace innovation.

According to Makreo Research survey by The Sleep Doctor, 34.7% of adults in the US sleep on a foam mattress, 30.3% sleep on an innerspring mattress, and 7.6% sleep on a hybrid mattress.

With climate change continuing to threaten the world, many consumers are making a shift towards sustainable buying and products, including mattresses. This increase in consumer value for sustainable products, especially with younger buyers, may see key mattress players making more sustainable moves in the future to keep up with these growing interests and values.

China and North America were the largest mattress consuming market in the world, which respectively took about 26.69% and 26.65% of the global consumption volume. The US accounts for nearly 36 million mattress sales annually. Innerspring mattresses are the most frequently purchased, but consumers prefer memory foam mattresses.

The Asia-Pacific region emerges as the leading consumer of mattresses, predominantly driven by significant populations in India, China, and Indonesia. Factors propelling the growth of the mattress market encompass a rise in household numbers, changing consumer preferences, technological advancements, increased demand for hybrid and gel-filled mattresses, supportive government policies, higher disposable income, and lifestyle shifts.

Europe is the third-largest mattress market, with the United Kingdom and Germany being the largest. Italy and Spain are laggard countries for mattresses sold online, showing an incidence below the European average. Leading brick-and-click retail chains significantly increased the incidence of online sales out of their total sales.

Online mattress companies represent the undisputed disruptive new business model. Today, hundreds of these companies compete across both traditional and emerging mattress markets, registering, in some cases, impressive growth rates in sales.

► Some recent innovations in the mattress industry include:
■ Pressure-relieving materials: These materials provide enhanced comfort and support. Memory foam is an example of a pressure-relieving material.
■ Environmentally friendly options: These include mattresses made from recycled materials and those with certifications like CertiPUR-US and OEKO-TEX.
■ Moving towards sustainability: Luxury bedding manufacturer Kingsdown, Inc. has been inspired by the growing sustainability movement and intriguing stories of the earth's Blue Zones for its new foam collection set for the Winter Market in Las Vegas. The new Blue Zone™ collection, featuring four mattresses at the "next level of sustainability," will make its official debut in the Kingsdown showroom, space C1401.   
■ Luxury bedding manufacturer Kingsdown, Inc. is growing its Zedbed collection to include hybrid mattresses, expanding the specialty foam line across Canada and the U.S.
■ IOT-enabled mattress: The involvement of start-ups in bringing innovations including compressing, roll-backing, inner spring beds, latex alternative foam, individually pocketed spring technology, has helped increase mattress sales.
■ Flo Mattress is also planning to make IoT-enabled mattresses which will be a win-win situation for both the company and the consumers. The smart mattresses will help the consumers figure out the quality of their sleep and help the company make changes according to the preferences of the customer.

► Scope of the Study by Makreo Research
The study conducted by Makreo Research on the "Global Mattress Market Size and Forecast (2019-2030): Segmentation by Product Type (Innerspring, Memory Foam, Latex & Coir), by Application (Commercial & Residential) by Distribution (Online & Offline), and by Region (North America, Europe, Asia-Pacific and MENA)" focuses on the specific sector of mattress industry.The market has witnessed many shifts in recent past after the COVID-19 outburst & Russia- Ukraine war that hampered the market. The report provides a comprehensive analysis of the market, encompassing a wide range of factors. The report takes into account both qualitative and quantitative factors, indicating a well-rounded approach to analysis. The inclusion of both qualitative and quantitative factors in the study ensures that readers gain a more complete understanding of the Global Mattress Market. It goes beyond mere numbers and incorporates insights into consumer behavior, industry trends, and market dynamics. Moreover, the report's focus on past and present performance, as well as potential growth opportunities in the future, enables readers to identify key areas of interest and investment. The competition has also been carefully examined in terms of significant M&A transactions that have occurred in the market and recent financial infusions offering an extensive overview of key players in the Mattress Market. The report delves into critical facets of these companies and the industry at large, encompassing mergers and acquisitions, funding activities, and detailed company profiles. In essence, the report furnishes a thorough and enlightening examination of the competitive scenario in the Mattress market, encompassing well-established companies and their financial undertakings. This comprehensive information serves to empower stakeholders and industry experts with a profound comprehension of the evolving dynamics within this rapidly expanding and dynamic sector.

► Market Segmentation: The report examines the mattress market in terms of market revenue and further breakdown into market segmentation:
■ By Region
North America
Europe
Asia Pacific
Middle East
Africa
■ By Product Segmentation
Innerspring
Memory Foam
Coir
Latex
■ By Application
Residential
Commercial
■ By Distribution Channel
Online
Offline

► Competitive landscape
■ Competitive Landscape
■ Mergers/Acquisition/Investment
■ Company Profiles

► Company's Covered
■ Spring Air International LLC
■ Sleep Number Corporation
■ Paramount Bed Holdings Co., Ltd
■ Leggett & Platt
■ Incorporated
■ Tempur Sealy International
■ Boll & Branch LLC
■ Serta Simmons Bedding LLC
■ Kingsdown Inc.
■ Southernland Inc

To know more about Research Study:
Global Mattress Market Size and Forecast (2019-2030)
https://www.makreo.com/report/global-mattress-market-size-and-forecast-2019-2030-types-applications-distribution-regions

Related Reports:
North America Mattress Market Size and Forecast (2018-2030)
https://www.makreo.com/report/north-america-mattress-market-size-and-forecast-2018-2030

Europe Mattress Market Size and Forecast (2018-2030)
https://www.makreo.com/report/europe-mattress-market-size-and-forecast-2018-2030

India Mattress Market Size and Forecast (2018-2030)
https://www.makreo.com/report/india-mattress-market-size-and-forecast-2018-2030

Makreo Research and Consulting
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Makreo Research, a dynamic full-service research and consulting firm located in Mumbai, is dedicated to reshaping the research landscape and delivering comprehensive solutions to intricate business challenges.

Our mission is to streamline the ever-changing economic landscape and intricate market dynamics, leveraging brilliant minds and cutting-edge technology to make a substantial difference in the realm of business and decision-making.

This release was published on openPR.