A mattress is filled with resilient materials, such as cotton, foam rubber, feathers, or an arrangement of coiled springs, that facilitate sleep. It also provides comfort and proper postural alignment, which assists in minimizing the chances of back pain during sleep.
Nowadays, mattresses are available in the standard king, queen and double bed sizes, and their lifespan depends upon the raw materials, quality of maintenance and rigorousness of use. According to IMARC Group, the global mattress market size reached $30.3 Billion in 2019.
With the ongoing coronavirus disease (COVID-19) pandemic, a decline is expected in the overall sales of bedding products. However, several firms are leveraging their manufacturing resources to help cope with the COVID-19 crisis.
For instance, members of the International Sleep Product Association (ISPA) are using their manufacturing resources to help meet some of the supply challenges, such as critical shortages of personal protective equipment (PPE), that the hospitals are experiencing across the globe.
Looking forward, the marketis further projected to reach a value of $44.0 Billion by 2025, expanding at a CAGR of 6.2% during the forecast period (2020-2025).
Top Mattress Industry Players:
- Kingsdown Inc.
- Kurlon Enterprise Ltd.
- Leggett & Platt Incorporated
- Paramount Bed Co. Ltd.
- Sealy Corporation
- Serta Inc.
- Simmons Bedding Company LLC
- Sleep Number Corporation
- Southerland Inc.
- Spring Air Company
- Tempur-Pedic International Inc
Sleep plays a vital role in the overall health of an individual, on account of which, there has been a boost in the sales of mattresses that offer superior comfort through even distribution of pressure and body weight, thus allowing the spine to relax while sleeping. Along with this, with the growing construction of residential complexes, there is a significant rise in the demand for various home furnishings.
Besides this, the rising number of patients with back problems, which is mainly caused by sleeping on uncomfortable surfaces, acts as another growth-inducing factor. This has led to the growing inclination of people toward customized mattresses. In line with this, some of the key players are introducing orthopedic mattresses, which are specially designed to reduce stress on the spine, neck and joints and alleviate aches and pains, as well as prevent the body from sinking and curling while sleeping to promote a better posture.
They are also providing customization options, where customers can modify the thickness, firmness and size of the mattress according to their height, weight and other dynamics. Moreover, due to the increasing environmental concerns, manufacturers have started utilizing natural and eco-friendly raw materials, including wool, natural latex and organic cotton, for producing mattresses that are free from chemically processed components.
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Twin or single sized mattresses dominate the market
On the basis of the size, the report finds that twin or single sized mattresses are highly preferred by consumers. Some of the other major segments are full or double, twin XL, queen and king size mattresses.
Innerspring mattresses exhibit a clear dominance in the global market
Based on the product, innerspring mattresses currently represent the most popular product owing to the growing instances of back and posture-related problems caused by uncomfortable sleeping surfaces. Other major segments are memory foam and latex mattresses.
Offline retailers account for the majority of the market share
The market has been segregated on the basis of the distribution channel into offline and online retailers. Offline retailers, which include dealers, or distributors who own franchised stores, currentlydominate the market, holding the largest market share.
The domestic sector represents the largest application segment
The market has been bifurcated based on the application into domestic and commercial applications. At present, there has been a heightened demand for mattresses from the domestic sector due to a rise in the homeownership and residential needs associated with an increase in disposable incomes.
Asia Pacific holds the leading position in the market
Asia Pacific, including China, Japan, India, South Korea, Indonesia, Australia and others, currently exhibits a clear dominance in the market owing to the inflating income levels and flourishing e-commerce industry in the region. Other major markets are North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Spain, Russia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.