Mattress Market- Industry Trends & Forecast Report 2027 - PowerPoint Presentation

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Mattress Market Industry Size, Share, Trend Analysis, Outlook, Growth, Opportunity and Forecast, 2021-2027

Global Mattress Market- Industry Trends & Forecast Report

2027

A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the global mattress market was worth USD 31.7 billion in the year 2020. According to the study, the market is estimated to grow at a CAGR of 6.9%, earning revenue of around USD 50.2 billion by the end of 2027. The growth of the global mattress market is attributed to the growing prevalence of sciatica, lumbago, etc. Moreover, the health benefits of good sleep are attributed significantly to the market's growth in recent years. With an increase in the number of residential properties due to rising income, consumers are placing a greater emphasis on aesthetics as well as comfort, resulting in increased spending on premium and high-quality beds and mattresses. 

Growth Drivers Development In Healthcare InfrastructureModern mattresses provide customers with a variety of features and options that can aid in providing a comfortable and restful sleeping experience. The increasing investment towards the healthcare infrastructure is emerging as one of the major factors driving the growth of the global mattress market. As the government is investing in establishing new hospitals and medical facilities, especially in developing countries, the need for more beds and single and double-sized mattresses is going to rise. Furthermore, the already established hospitals are looking to expand their patient capacities, especially after the COVID-19 pandemic, which is projected to boost the market demand for mattresses during the forecast period.

RestraintsExistence Of Unorganized and Local PlayersThe presence of local players offering low-cost mattresses acts as a major restraining factor for the market’s growth. The local products have very deep penetration especially in emerging economies and low-income countries, such as India, China, Thailand, Malaysia, etc. The low cost of these products significantly attracts customers. Furthermore, the lack of strict government regulations in these countries to control the local product market eventually sabotages the growth of the global mattress market

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Impact of COVID-19The growth of the global mattress market was negatively impacted by the sudden outbreak of the COVID-19 pandemic. The lockdown imposed by the countries affected the purchasing power of consumers, as a result of which they started prioritizing essential items of daily use such as ration. This resulted in a sharp decline in the demand for mattresses. Furthermore, due to restrictions in the tourism sector, market demand for mattresses witnessed a sharp decline. However, the healthcare industry is expected to see a sharp increase in the market as the number of hospitals grows and medical facilities invest in expanding their bedding facilities.

 Regional InsightsGeographically, the global mattress market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. Asia-Pacific has the largest market share due to its large population, which means large numbers of consumers. Furthermore, increasing disposable income of consumers in emerging economies like India, China, Brazil, etc, along with the improving living standards also plays a favorable factor for the market growth. Additionally, the flourishing tourism sector and the construction of hotels are anticipated to fuel the market growth in Asia-Pacific during the forecast period.

Key PlayersSimmons Bedding Company LLC, Serta Inc., Sealy Corporation, Tempur-Pedic

International, Inc.,

Kingsdown, Inc., Relyon Limited, Sherwood Bedding Group, LLC, E.S. Kluft & CO., Therapedic, Symbol Mattress of Pennsylvania, Inc., Paramount Bed Holdings Co., Ltd., King Koil, Inc., Corsicana Bedding, LLC, Select Comfort, Southerland Bedding Co., McRoskey Mattress Company, Sleep Number Corporation, American National Manufacturing, Inc., Exxel Outdoors, LLC., and other prominent players.

Sample Copy of the

Report:

https

://

www.blueweaveconsulting.com

/report/global-mattress-market/report-sample

Competitive landscapeThe leading players in the global mattress market are Simmons Bedding Company LLC, Serta Inc., Sealy Corporation, Tempur-Pedic International, Inc.,

Kingsdown

, Inc., Relyon Limited, Sherwood Bedding Group, LLC, E.S. Kluft & CO., Therapedic, Symbol Mattress of Pennsylvania, Inc., Paramount Bed Holdings Co., Ltd., King Koil, Inc., Corsicana Bedding, LLC, Select Comfort, Southerland Bedding Co., McRoskey Mattress Company, Sleep Number Corporation, American National Manufacturing, Inc., Exxel Outdoors, LLC., and other prominent players.

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