The global Mattress market is expected to reach USD 36.47 billion by 2026, registering a CAGR of 4.4% during the forecast period.
Owing to the increased development of residential complexes, there is currently a major increase in demand for various home furnishing items such as mattresses, pillowcases, and bed linens. Apart from that, due to the rising number of back and posture-related problems caused by uncomfortable sleeping surfaces, airbeds, waterbeds, and foam-based mattresses are becoming increasingly popular, as they provide superior comfort by evenly distributing pressure and body weight. These mattresses may also be personalized to help with spine relaxation when sleeping.
Rising disposable income, combined with a global homeownership rate of 72.9 % is expected to fuel demand for the product in the coming years. The rising demand for residential real estate has resulted in a rise in the selling of home furnishings such as mattresses, pillowcases, and bed linen, thus growing demand for the product. The growth of the healthcare and hospitality industries is one of the major factors driving the global market. Back problems caused primarily by uncomfortable sleeping surfaces are likely to play a major role in the growth of specialty mattresses.
The Mattress Market is segmented by Product Type (Innerspring mattress, Foam mattress, Latex mattress), by Application (Private Households, Hotels, Hospitals). The market is further analyzed on the basis of regional analysis and divided into major regions like North-America, Latin America, Asia-Pacific, Europe and MEA.
Further Key Findings From The Report Suggest
- Innerspring was the market's largest product segment, accounting for 32.5% of overall sales. The segment's growth is being fueled by an increase in back problems linked to uncomfortable sleeping surfaces.
- By 2026, the domestic market is expected to hit USD 25.6 billion. Increasing disposable income, combined with various government real estate policies, has resulted in a rise in the rate of homeownership, which in turn supports the mattress market's development.
- The commercial segment is expected to grow at a healthy pace. The segment is expected to rise due to rising demand for mattresses from international hotel chains and increased penetration of brands offering premium and organic products.
Key Participants like Serta Simmons Bedding, Tempur Sealy International, Hilding Anders, Corsicana, Ruf-Betten, Recticel, Derucci, Sleemon, MLILY, Sleep Number, Therapedic, Ashley, Breckle, King Koil, Pikolin , Mengshen, Lianle, Airland.
For this report, Introspective Market Research have segmented the Mattress market on the basis of Region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2019-2026)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
- Latin America
- Rest of LATAM