Mattress Market to Reach USD 78.34 Billion by 2030 with a CAGR of 5.90% During the Forecast Period; Rising Awareness amongst Consumers about Importance of Sleep to Drive the Market Growth

The global mattress market size was valued at USD 50.61 billion in 2022. The market is predicted to grow from USD 52.45 billion in 2023 to USD 78.34 billion by 2030, attaining a CAGR of 5.90% during the forecast period. Fortune Business Insights™ presents this information in its report titled, “Mattress Market Size, Share & COVID-19 Impact Analysis, By Material (Spring/Coil, Foam, Latex, and Others), Size (Queen, Twin, Full, and Others), By Application (Household, Hospitality, Healthcare, and Others) and Regional Forecast, 2023– 2030.” During the forecast period, the demand for the product is increasing due to the consumer’s inclination towards the importance of sleep. The rising number of housing constructions globally is connected with increasing consumer spending on furniture and bedding products. The growing demand for the product from a wide range of consumers is predicted to augment the market growth. The inclination of people towards social standards and comfort is anticipated to escalate the mattress market growth.

Disruptions of Supply Chain Caused by COVID-19 Pandemic Hindered Market Growth

COVID-19 has impacted market growth negatively. Due to the disruptions of supply chains, the decline in demand and cut costs are due to a decrease in demand. To decrease the impact of COVID-19 on their operations, various market players have been implementing various strategies over recent years. Hence, post-pandemic, the market growth is anticipated to grow during the forecast period.

Launching of New Sales Channel Anticipated to Boost Market Sales

Sheela Foam Ltd. Indian Company declared the launch of its e-commerce platform called SleepX.com. The launching of sales online has witnessed an increase in the demand for mattresses. The product has been designed after thorough research on the requirements and desired comfort, increasing the demand for the product. Hence, the mattress market share is anticipated to grow.

Rising Consumer Awareness Regarding the Health Benefits to Drive Product Demand

Quickly changing consumer lifestyles, changes in eating habits, and the changing trend of sleeping late have been causing severe sleep deprivation and mental discomfort among young individuals across countries, mostly in the last two decades. Additionally, key players are now marketing their products by highlighting the need for better sleep quality.

Competitive Landscape

Partnership among Companies to Secure Their Brand Values in the Market

Players in the market have launched new techniques to boost market growth with their solutions and elevate the competition in the market. Companies have been applying for various programs, such as partnerships and mergers, to support their position in the market.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/mattress-market-102108

Notable Industry Development:

• June 2022: Serta Simmons Bedding, a U.S., based company, in collaboration with interior designer Nate Berkus and, introduced a Limited- Edition sleep collection, including a range of mattresses, down pillows, mattress protectors.

LIST OF KEY COMPANIES PROFILED:

• Serta Simmons Bedding, LLC (U.S.)


• Tempur Sealy International, Inc. (U.S.)


• Sleep Number Corporation (U.S.)


• Paramount Bed Holdings Co. Ltd (Japan)


• Kingsdown, Inc. (U.S.)


• Grupo Pikolin (Spain)


• King Koil Mattress. Co (U.S.)


• Suibao Group (China)


• Greiner AG (Austria)


• Sheela Foam Ltd (India)

Further Report Findings:

• North America dominated the market last year. With U.S., the North American market witnessed subsequent growth due to the growing preferences of consumers for luxury and premium quality products. It is noted that consumers in North America consumers buy a new mattress if the existing one doesn’t provide them with the expected comfort level.


• The European market is counting on benefits from the rapidly growing travel and tourism industry. The consumers are mostly attracted towards the product’s circulation in the hospitality sector.


• Asia Pacific is anticipated to record the fastest-growing CAGR from 2022-2029. Growing disposable incomes is a key factor accounting for this industry across the Asia Pacific.


• The product's sales across the South American, Middle Eastern, and African markets are estimated to witness an upward curve in the foreseeable future as market participants have been focusing on establishing their presence in these regions.

Table of Segmentation: