North America Mattress Market: Growth Trends and Forecasts 2018-2030

In North America, more than one individual in five was aged 60 or over in recent years. The population of different districts are becoming older too. The local population matured 60 years or over, numbered 962 million every year, over two times as extensive as in 1980, when there were 382 million more older people across the district. The rise in the number of old consumers is increasing the interest in different medical services administrations and items, including clinical sleeping cushions, these factors are driving the North America Mattress Market. China and North America were the largest consumption 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.

North America Mattress Market segmentation by Foam Type is divided Memory Foam, Gel Foam, & Latex Foam. Memory Foam account for the largest share within the mattress market closely followed by Latex and Gel Foam materials. Forecasts predict that the memory foam mattress category will exhibit the most rapid growth in the U.S. mattress market from 2021 to 2030. This surge is primarily attributed to heightened consumer awareness regarding health concerns, driving an increased preference for memory foam mattresses. A key driver propelling the growth of the Memory Foam market is the escalating incidence of sleep disorders and back pain among consumers.

In North America, the mattress market is segmented into two primary countries: the United States and Canada. The United States notably holds the lion's share of the market

United States mattress witnessed consistent growth from 2016 to 2018, which was driven by factors like as consumer preference for specialized mattresses, the rise of e-commerce, technological innovations, and a growing demand for sustainable products. The market had a steady rise till 2018 with exports of USD 480.75 million in 2018. In 2022, the total value of exports of mattress from the USA stood at USD 508 million. This indicates a decrease of USD 170 thousand compared to the cumulative exports of mattress, which amounted to USD 508 million in 2021.

The Canadian mattress and accessories market is witnessing considerable growth due to the increasing disposable income and several favorable government housing policies, which, in turn, have led to a surge in the homeownership rate. As per the Organisation for Economic Co-operation and Development, the average annual growth rate of household disposable income was 5.3%, in 2022, because of which the sales of premium mattress and bedding accessories that offer increased comfortability rose significantly in Canada.

► Recent Developments of Key Players
■ In July 2022, Jiangsu Sleeptight Household Technology Co., Ltd. introduced a new gel cool memory foam mattress design. This development helped the company to increase its customer base.
■ Tempur sealy introduced TEMPUR-Breeze a new material that pulls heat away from the body while providing support.
■ Silk & Snow Inc., a Canadian bedding and home furnishing brand, provides customised mattresses toits customers in three simple steps. First, selecting the mattress type between their S&5 Mattress orS&S Hybrid. Then, comes the customisation of the dimensions and lastly placing the order.
■ In February, 2023, Kingsdown, Inc., a leading luxury mattress manufacturing brand which continuously updates its product line, announced the launch of Insignia Hybrid Mattress collection which is vintage and has features like temperature assistance, PCM cooling layer, cool active, memory foam, wrapped coils and posturized centre.

As mortgage rates are projected to ease up and the housing sector begins to recover, the mattress industry is also expected to be benefited. With more and more consumers willing to spend money on premium and luxury bedding products, it is no wonder that the future of the global home bedding market is looking up. Due to an increasing prevalence of back issues among the millennial and baby boomers generation, consumers are putting more of their time and finances into creating an ideal sleep environment in their homes.

The Makreo Research study on the "North America Mattress Market Size and Forecast (2018-2030)" examines various aspects of the market comprehensively. It incorporates both qualitative and quantitative factors, ensuring a thorough analysis. By considering factors beyond mere numerical data, such as consumer behavior, industry trends, and market dynamics, the report provides a deeper understanding of the North America Mattress Market. This inclusive approach enriches the analysis, making it a valuable resource for individuals and organizations interested in pricing, industry players, trade performance, and the competitive landscape. Additionally, the report assesses past and present performance while identifying potential growth opportunities in the future, enabling readers to pinpoint key areas for investment.

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

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