Published on: August 07, 2024
The global mattress market is projected to reach a value of over USD 24.93 billion at a CAGR of 9.5% between 2022 and 2027. The market is experiencing a surge in demand, attributed to the increasing popularity of memory foam mattresses known for their ability to conform to the body's shape, providing personalized comfort and support.
Factors such as urbanization, rising housing demand, and a growing focus on health and wellbeing are also contributing to market growth, as are increasing disposable income, evolving consumer preferences, and technological advancements. Consumers are increasingly prioritizing comfort, support, and sleep quality, leading to higher demand for innovative mattress solutions.
Mattress types include latex, foam, and innerspring, as well as luxury mattresses and adjustable mattresses. They are sold through a variety of channels such as hypermarkets, specialty stores, and e-commerce channels.
With the growing preference for online shopping, there has been a notable rise in online sales of mattresses, driven by consumers seeking convenience and accessibility. This trend underscores a significant shift in consumer behavior towards e-commerce platforms for purchasing mattresses, reflecting the evolving landscape of the global mattress market.
The popularity of bed-in-a-box concepts, as well as a growing emphasis on sustainability and circularity, are both trends influencing the mattress market. Technological advancements such as smart features, sensors, and AI-enabled tools are creating new opportunities for market players.
Key drivers of the mattress market include increasing consumer awareness about the importance of quality sleep, technological innovations enhancing mattress functionality, and the rise of e-commerce platforms offering convenient purchasing options. Factors like housing demand and disposable income levels also influence market growth.
However, trade tensions impact international trade flows, which can negatively affect the supply chain. Operational costs associated with e-commerce channels and the need to address sustainability concerns related to material usage and disposal are also impacting the market.
There are many opportunities in the mattress market, particularly in leveraging technological advancements to offer innovative products that cater to individual sleep patterns and preferences. Additionally, there is potential for growth in emerging markets with increasing purchasing power and a growing focus on health and wellbeing.
APAC is expected to contribute 41% of the global market’s growth over the next several years. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Countries such as India, China, and Japan contribute the most to the growth of the regional market in terms of revenue. Rising smartphone penetration and internet penetration in APAC have allowed players to leverage the emerging online infrastructure using aggressive advertising and branding strategies.
Technavio's mattress industry reports monitor the leading players in the global market along with their current and forecasted market share. Our analysis covers regional and global companies. Some of the top companies covered in our mattress industry reports include:
In order to provide you with a comprehensive view of the mattress industry, our experts analyze the market from many different perspectives. Our reports help identify opportunities, risks, key competitors, and more, helping you make timely, informed decisions to optimize your position in the market.
Technavio reports insights include:
Develop a deeper understanding of the mattress industry with Technavio’s comprehensive market research reports. We provide the latest information on key industry dynamics, including global and regional market forecasts, internal and external pressure points, the vendor landscape, and more.
Our in-depth knowledge of the mattress industry is built on decades of experience and a global network of industry experts. We know the importance of having a strong foundation on which to base important decisions, and with over 500 analysts located around the world, we deliver actionable insights for every segment of the market.
Technavio’s market research reports provide an analysis of current trends and how they are affecting the market. We also identify market drivers and challenges to help you discover opportunities and avoid pitfalls.
Every Technavio report includes detailed segmentation insights, breaking down the market in terms of product type, geography, sales channels, and more. And if you’re looking for something a little more specific, our Custom Research Solutions can tailor any report to meet your unique needs.
We provide detailed profiles on the biggest competitors in the market, including data such as business divisions, product offerings, and news. Our reports also include an overview of the competitive landscape as a whole, including the risks and opportunities that it presents.
LinkedIn
Facebook 
Twitter
Email
Reddit
Tumblr
Quora
Pinterest
WhatsApp