Bed Mattress Market Analysis by Type (Spring/Coil, Memory Foam, Latex, and Others); by Distribution Channel (Online, and Offline); and by Application (Residential, and Commercial)-Global Supply & Demand Analysis & Opportunity Outlook 2017-2030

 Global Bed Mattress Market Size, Forecast, and Trend Highlights Over 2017 - 2030

The global bed mattress market is estimated to garner a volume of 1,161.45 Million units by the end of 2030 by growing at a CAGR of 7.90% over the forecast period, i.e., 2018 – 2030. Further, the market generated a volume of 425.15 Million units in the year 2017. Rise in number of people who are discontented with their sleep due to sleep disorders is primarily driving people to search the right choice of mattress to attain a healthy sleep. Such a factor is projected to drive the growth of the market in the coming years. In the United States, approximately 50 to 70 million adults have to put up with sleep disorder.

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Besides this, the increased number of online buyers of mattress is to push the market growth. With the increase in E-commerce, people are more indulged in online shopping. As of 2019, Amazon garnered a share of nearly 32% out of total online sales of bed and mattress in the United States. Furthermore, rising demand for mattress and especially spring and foam mattress is to boost the bed mattress market growth. In 2018, nearly 2 million mattresses were sold in India and out of total sales of mattress in 2019, spring mattress accounted for about 14% share and foam mattress covered a share of nearly 53%.

Global Bed Mattress Market: Growth Drivers and Challenges

Growth Drivers

• Sleep Dissatisfaction Among People

Apparently, there has been sleep dissatisfaction in our society owing to various sleep disorder. Insomnia, meaning lack of sleep at night, it is a common sleep disorder. Nearly, 30% of adults are facing insomnia and about 10% people have chronic insomnia.

• Rapid Shift of Population Towards Urban Areas

Growing urbanization is enhancing the quality of life of people. Urban areas have better homes, appliances, facility and even mattress. Over all, every trivial materialistic thing of human life has been enhanced by urbanization. In developed nation, nearly 87% of population is expected to shift in urban areas by 2050.

• Increased Online Sales of Mattress

Previously mattresses were bought only after touching and feeling its base, but now with rising e-commerce, online sales of mattress has also boosted. In 2020, about 47% of people has preferred mattress shopping though online medium.

• Rising Incidence of Back Pain and Other Ailments

Sales of comfortable mattress has also driven by rising back problems among people. These issues involve muscle pain, bone deformity and others. According to World Health Organization, nearly 2 billion people are putting up with musculoskeletal problems. Moreover, lower back pain is a single leading cause of disability among people in 160 countries.

• Growing Number of Hotels

Hotels create huge market for beds and mattress therefore, more number of hotel is to increase the demand of mattress. In 2020, more than 2000 new hotels were opened worldwide.

Challenges

• Higher Lifespan of Mattress Reduces the Cycle of New Purchase

• Higher Prices of the Mattress with Advance Technology

• Customer Visits in Hotels During Pandemic Were Significantly Declined

Average life span of mattress is nearly 10 years, which slows down the process of customer returning to buy new set. Moreover, mattress of foam and latex are known to lasts more than 10 years, if properly maintained. Such a factor is projected to hamper the growth of the market in the coming years.

The global bed mattress market is segmented and analyzed for demand and supply by type into spring/coil, memory foam, latex and others. Among all, the spring/coil segment is anticipated to hold the largest market volume of 578 Million units by the end of 2030. The segment garnered a volume of 194.50 million in 2017. It is further expected to grow at a CAGR of 8.59% over the forecast period. This segment growth is on the account of increased popularity and higher sales of spring mattress. Globally, about 66% of mattress sales are attributed to spring type and this figure for United States is around 33%. In 2020, United States’ average per customer expenditure on springs and mattresses was around USD 94.

Global Bed Mattress Market Regional Synopsis

Regionally, the global bed mattress market is studied into six major regions including North America, Europe, East Asia, Rest of Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in East Asia is projected to hold the largest market volume of 287.92 Million units by the end of 2030. It is expected to grow at the highest CAGR of 9.56% over the forecast period. Moreover, the bed mattress market in East Asia generated a volume of 85.63 Million units in 2017. Rising problems of back pain and sleeping disorder is to propel the market growth. Due to pandemic stress, in China, about 300 million people are suffering from some sort of sleep disorder. Moreover, in Japan almost 10% of people have symptoms of lower back pain. Furthermore, rising number of hotel rooms is to increase the demand of bed mattress in East Asia. As of January 2022, there were nearly 13 million rooms present in around 2,50,000 hotels in China.

The study further incorporates Y-O-Y Growth, market opportunities, demand & supply and forecast future opportunity in North America (United States, Canada, Mexico), South America, Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX [Belgium, Netherlands, Luxembourg], NORDIC [Norway, Denmark, Sweden, Finland], Poland, Russia, Rest of Europe), East Asia (China, Japan, Vietnam, South Korea and Rest of East Asia), Rest of Asia-Pacific (India, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).

Market Segmentation

Our in-depth analysis of the global bed mattress market includes the following segments:

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Key Companies Dominating the Global Bed Mattress Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global bed mattress market that are included in our report are National Co., Ltd, Nitori Co., Ltd., HAVA’S Company Ltd., ZINUS, Spring Air International, Southerland Sleep, Sleep Number Corporation, Simmons Bedding Company, Emirates Sleep Systems Pvt. Ltd., Sealy Technology LLC, PARAMOUNT BED CO., LTD., Leggett & Platt, Incorporated, Kurlon, Kingsdown Inc., and others.

Global Bed Mattress Market: Latest Developments

• July, 2022: Spring Air International announced the launch of Dura-Last brand in Las Vegas. It is specially crafted to introduce an ultra-durable mattress.

• December, 2021: Nitori Co. Ltd., announced its expansion in Southeast Asian Market. The first store “NITORI LaLaport BUKIT BINTANG CITY CENTRE” opened in Malaysia in January 2022, followed by the opening of “NITORI ORCHARD”, the store in Singapore in March 2022.

Key Reasons to Buy Our Report

• The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.

• The report includes detailed company profiles of the major players dominating the market.

• We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

• We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal. 

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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