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Mattress Market 2024-2032: Industry Size (US$ 64.7 Billion), Growth Rate, Top Companies Share and Forecast

Mattress Market

The increasing awareness and concern for environmental sustainability are influencing consumer choices in the mattress market.

SHERIDAN, WYOMING, UNITED STATES, December 8, 2023 /EINPresswire.com/ — The latest report by IMARC Group, titled “Mattress Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032,” The global mattress market size reached US$ 38.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 64.7 Billion by 2032, exhibiting a growth rate (CAGR) of 5.77% during 2024-2032. Mattresses are fabric cases filled with resilient and comfortable materials, such as cotton, foam rubber, feathers, or coiled springs, that provide a pleasant sleeping surface. They can also be filled with water, air, or natural fibers.

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Factors Affecting the Growth of the Mattress Industry:

• Environmental Sustainability and Circular Economy:

The increasing awareness and concern for environmental sustainability are influencing consumer choices in the mattress market. There is a growing demand for mattresses manufactured from sustainable, recyclable, or upcycled materials. Consumers are seeking products that align with their environmental values, including mattresses that are produced with a lower carbon footprint or that can be easily recycled at the end of their lifespan. This trend is pushing manufacturers to adopt practices aligned with the circular economy, such as using eco-friendly materials and designing mattresses for easier disassembly and recycling.

• Impact of the Gig Economy and Urbanization:

The rise of the gig economy and urbanization has led to changing living patterns, which in turn influence mattress purchasing behaviors. The increasing number of individuals living in smaller, urban spaces augments the demand for versatile and space-saving mattresses, such as roll-up or foldable options. Additionally, the gig economy lifestyle, characterized by mobility and flexible living arrangements, supports the growth of the mattress-in-a-box segment, which offers convenience and ease of transport.

• Expansion of the Hospitality and Healthcare Industries:

The continuous growth of the hospitality and healthcare industries also propels the demand for mattresses. In the hospitality sector, the need for comfortable and durable mattresses is critical for hotels, resorts, and other accommodation facilities to provide a high-quality guest experience. Similarly, in the healthcare sector, there is a demand for specialized mattresses designed for medical purposes, such as pressure relief and adjustable features for hospital beds. The expansion of these industries, therefore, presents significant opportunities for the mattress market, particularly for manufacturers who can cater to these specific needs.

Top companies in Mattress Market:

• 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

Mattress Market Trends:

Continual technological advancements in the field of sleep science are playing a pivotal role in the mattress market. The development of smart mattresses equipped with sleep tracking sensors, temperature control technology, and even AI-powered customization capabilities is attracting tech-savvy consumers. Moreover, the increasing consumer focus on health and wellness is a significant driver for the mattress market. As people become more aware of the importance of sleep quality on overall health, there’s a growing demand for mattresses that offer better sleep support and comfort.

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Key Market Segmentation:

Breakup by Product:

• Innerspring
• Memory Foam
• Latex
• Others

Innerspring mattresses dominated the largest segment due to their widespread availability, affordability, and long-standing consumer preference for their traditional spring support system.

Breakup by Size:

• Twin or Single
• Twin XL
• Full or Double
• Queen
• King
• Others

Offline channels remain the largest in mattress distribution, as consumers often prefer to physically test the comfort and quality of mattresses before purchasing.

Breakup by Application:

• Domestic
• Commercial

Domestic applications lead the largest segment, reflecting the primary use of mattresses in residential settings, where comfort and sleep quality are highly valued.

Breakup by Distribution Channel:

• Online
• Offline

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Asia Pacific emerged as the largest market, possibly due to its large population base, increasing urbanization, and rising income levels, which boost demand for quality mattresses.

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About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise

Anand Ranjan
IMARC Services Private Limited
+1 6317911145
email us here

Originally published at https://www.einpresswire.com/article/673767117/mattress-market-2024-2032-industry-size-us-64-7-billion-growth-rate-top-companies-share-and-forecast

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