In line with the report published by the experts in 2018, the scope of the global Mattress Market was appreciated at US$ 27.5 billion. It is estimated to grow by a CAGR of 6.7% during 2019 to 2025 to touch US$ 43.2 billion by the completion of forecast period.
Market Overview:
The global mattress market can be
classified by Application, Product, Size and Region. By Application it can be
classified as: Commercial, Domestic. By Product, it can be classified as: Memory
Foam, Innerspring, and Latex. By Size, it can be classified as: King Size,
Queen Size, Double Size and Single Size.
Key Players:
McRoskey Mattress Company
Southerland Inc.
Serta Inc.
Simmons Bedding Company LLC
Kings down Inc.
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Growth Drivers:
The gush in home possessions,
which is approximately 69.6% all over the world together with increasing per
head earnings is likely to power the demand for the mattresses during the
period of forecast. Increasing demand from the subdivision of real estate to
help the housing necessities has headed to a rise in sale of home-based
furnishings for example bed linen, pillowcases and mattresses. As a
consequence, increasing the demand for the product. One of the most important
reasons motivating the global mattress industry is progress of the hospitality
and healthcare businesses.
Augmented occurrences of back
problems instigated mostly by way of painful sleeping surfaces are expected to
perform an important part in the development of specialty mattresses for
example foam-based, airbed and waterbed. These are mostly used by innovative
hospitals, together with modernized old healthcare organizations, that have
backed considerably to the demand for these types to deliver comfort to all
type of patients and the concierges. The innerspring type is reasonably priced
and easily available. It will boost up the demand all over the world. In 2018,
it had a market share of 32.5%.
Mattress Product Outlook (Revenue, USD Billion, 2015 - 2025)
• Innerspring
• Latex
• Memory Foam
• Others
In the subdivision of commercial
usage, the hotels are the foremost end users of mattresses. As compare to
residential users, the hotels change it more frequently. Normally, domestic
users use their mattresses for 9-10years and then change it. However, for the
subdivision of hospitality it takes all-out 5-6 years to change their
mattresses. Therefore, the commercial sector is estimated to grow by a CAGR of
7.1% during the period of forecast as equated to the subdivision of domestic
use.
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