Asia-Pacific Mattress Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR (2024 - 2029) | > 7.60 % |
| Market Concentration | High |
Major Players.webp)
*Disclaimer: Major Players sorted in no particular order |
Asia-Pacific Mattress Market Analysis
The Asia-Pacific Mattress Market is expected to register a CAGR of greater than 7.60% during the forecast period(2024-2029).
Asia-Pacific exists as the leading user of mattresses owing to the large population of India, China, Indonesia, and Pakistan. With an increase in population growth, demand for residential construction is also observing an increase, leading to rising market opportunities for the sale of mattresses. China, Japan, South Korea, India, and Australia have emerged as countries leading in the value of commercial and residential real estate construction, resulting in a sharp rise in the number of bedroom spaces in these regions. Rising urbanization and increases in the level of income are among the factors resulting in an increased expenditure for making sleeping and bedding furniture more comfortable and equipped with smart features.
With an increase in penetration of technology and smartphone sales as well as mattresses, product features have been revolutionized over some time. With a rise in online sales through e-commerce, company websites, and other channels, more than 20% of the revenue share in the market is through online sales. Other than this, with the rise of AI and ML, mattresses are equipped with sensors, making them capable of recording the sleeping pattern of the user to make sleeping better. These features have led to a rise in demand for the segment of smart mattresses in the market. As high-quality mattresses aid in comfort and healthy sleep, they are observing a rising demand from commercial as well as residential segments.
Rising expenditure on mattress product innovation expenditures, increasing demand for various types of mattresses in emerging economies, and behavioral changes in consumers’ sleeping patterns are among the factors expected to drive growth in the mattress market during the forecasted period. In addition to this, the expansion of the hospitality industry (hotels and lounges) around the world is fuelling the mattress market's expansion.
Asia-Pacific Mattress Market Trends
Rising Mattress Market In India is Fueling the Market
A rise in income levels, increased health awareness, and growth in the real estate and hospitality industries have propelled the growth of the Indian mattress market. A noticeable shift in consumer perception has been noted, with the focus now being on the product's comfort and functionality. With around 40% share of the urban population in India, Mumbai, Delhi, Kolkata, Bengaluru, and Chennai have emerged as leading Indian cities with a continuous increase in the rise of mattress demand from residential as well as commercial segments because of rising household expenditure increased awareness of mattress types and brands and an increase in the hospitality business. Rise in the number of hotel chains and Indian start-up firms, such as Oyo Rooms and Fab Hotels, are among the commercial hospitality businesses contributing to the expansion of the mattress market.
Rise In Online Sales Of Mattress is Driving the Market
The Asia-Pacific is among the fastest-growing and most promising areas for online mattress sales. In terms of sales channels, more than 20% of the APAC mattress market sales are through online channels. Consumers are more comfortable making mattress purchases through online channels because it makes a large number of mattress brands available in the market to choose from, and flexibility in payment methods combined with various discount offers is leading to people increasing their online mattress purchases. By selling directly to the consumers, the companies eradicate the middlemen and control costs by avoiding sales commissions and showroom fees. The growth is driven by rising online sales of mattresses in China, South Korea, and the Indian market. Post-COVID-19, countries such as India emerged with a mattress revenue share of more than 23% through online channel sales, which is leading to an increase in the number of sellers offering their mattress products online.
Asia-Pacific Mattress Industry Overview
The Asia-Pacific mattress market is highly fragmented, with major international corporations competing alongside tiny local ones. The market is highly competitive because of the presence and expansion of several local competitors, who are leveraging the potential demand for the mattress. Some of the key players in the Asia-Pacific mattress market are Tempur-Pedic International Inc., Serta Inc., Sealy Corporation, Select Comfort, King Koil Inc., Paramount Bed, and other prominent players.
Asia-Pacific Mattress Market Leaders
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Paramount Bed Holdings Co. Ltd
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KING KOIL Inc.
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Kingsdown Inc.
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Sealy Corporation
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Kurlon Enterprise Limited
*Disclaimer: Major Players sorted in no particular order
Asia-Pacific Mattress Market News
- January 2022: The Sleep Company launched its latest product innovation consisting of ‘The Elev8 Smart Adjustable Bed Frame’ and the ‘Smart Ortho Hybrid Pocketed Spring Mattress,’ which are available through the company website and Amazon. The launched mattress exists with the feature of advanced orthopedic support and a pocketed spring.
- October 2022: Springfit Mattress (VFI Group) acquired the Indian branch of US-based Serta Mattress from Emirates Sleep System. Spring Fit aimed the acquisition to increase its market share to more than 70% and become a dominant player in India's luxury mattress market after increasing its before-merger share by 50% in India.
Asia-Pacific Mattress Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Urbanization And Population Level Driving The Market
4.2.2 Rising Sales Through Online Channels
4.3 Market Restraints
4.3.1 Higher Price Of Luxury Mattresses Reducing Their Affordability
4.3.2 Large Share Of Market Limited To Few Asian Countries
4.4 Market Opportunities
4.4.1 Rising Demand For Customized Mattresses By Commercial Segments
4.4.2 Smart Features in Mattresses Satisfying Significant Customers
4.5 Industry Attractiveness - Porter's Five Forces Analysis
4.5.1 Bargaining Power of Suppliers
4.5.2 Bargaining Power of Buyers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitutes
4.5.5 Intensity of Competitive Rivalry
4.6 Technological Innovations in Asia-Pacific Mattress Market
4.7 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Innerspring
5.1.2 Memory Foam
5.1.3 Latex
5.1.4 Other Types
5.2 By Application
5.2.1 Residential
5.2.2 Commercial
5.3 By Distribution Channel
5.3.1 Offline
5.3.2 Online
5.4 By Geography
5.4.1 Japan
5.4.2 India
5.4.3 China
5.4.4 Australia
5.4.5 Rest of Asia-Pacific
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Tempur-Pedic International Inc.
6.2.2 Serta Inc.
6.2.3 Sealy Corporation
6.2.4 Select Comfort
6.2.5 King Koil Inc.
6.2.6 Paramount Bed Holdings Co. Ltd
6.2.7 Kingsdown Inc.
6.2.8 Springwel
6.2.9 Sleepwell
6.2.10 Kurlon Enterprise Limited*
- *List Not Exhaustive
7. MARKET FUTURE TREND
8. DISCLAIMER AND ABOUT US
Asia-Pacific Mattress Industry Segmentation
A mattress refers to a fabric usually filled with cotton, fabric, foam, a framework of springs, and others; it is kept up on the bed to support a person lying on it. It helps the users get comfortable and healthy sleep. The Asia-Pacific mattress market is segmented by type (innerspring, memory foam, latex, and other types), application (residential and commercial), distribution channel (offline and online), and geography (Japan, India, China, Australia, and the Rest of Asia-Pacific). The report offers market size and forecasts for the Asia-Pacific mattress market in value (USD) for all the above segments.
| By Type | |
| Innerspring | |
| Memory Foam | |
| Latex | |
| Other Types |
| By Application | |
| Residential | |
| Commercial |
| By Distribution Channel | |
| Offline | |
| Online |
| By Geography | |
| Japan | |
| India | |
| China | |
| Australia | |
| Rest of Asia-Pacific |
Asia-Pacific Mattress Market Research FAQs
What is the current Asia-Pacific Mattress Market size?
The Asia-Pacific Mattress Market is projected to register a CAGR of greater than 7.60% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Mattress Market?
Paramount Bed Holdings Co. Ltd, KING KOIL Inc., Kingsdown Inc., Sealy Corporation and Kurlon Enterprise Limited are the major companies operating in the Asia-Pacific Mattress Market.
What years does this Asia-Pacific Mattress Market cover?
The report covers the Asia-Pacific Mattress Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Mattress Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
APAC Mattress Industry Report
Statistics for the 2024 APAC Mattress market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. APAC Mattress analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
