Market Size of Mattress Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 7.10 % |
| Fastest Growing Market | Europe |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Mattress Market Analysis
The global mattress market is projected to grow at a CAGR of 7.1% during the forecast period (2019 - 2024).
Today’s mattress system offers consumers with a wide range of features and options that can help to provide a comfortable and restful sleeping experience.
Advanced mattress choices now extend to include models and sleeping systems that offer alternative materials and construction methods, as well as integrated controls that enable consumers to personalize their mattresses to their own unique requirements. Surging personalization trend is expected to drive the market over the forecast period (2019-2024).
Mattress Industry Segmentation
The scope of the market includes innerspring mattresses, memory foam mattresses, latex mattresses, airbed mattresses, other product yypes. By end user market is classified into household and commerical. On the basis of distribution channel market is further segmented into offline retail and online retail.
| By Product Type | |
| Innerspring Mattresses | |
| Memory Foam Mattresses | |
| Latex Mattresses | |
| Airbed Mattresses | |
| Other Product Types |
| By End User | |
| Household | |
| Commercial |
| By Distribution Channel | |
| Offline Retail | |
| Online Retail |
| Geography | |||||||||
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Mattress Market Size Summary
The global mattress market is experiencing significant growth, driven by a variety of factors including technological advancements and changing consumer preferences. Modern mattresses offer a plethora of features, such as alternative materials and customizable options, which cater to individual comfort needs. This trend towards personalization is a key driver of market expansion. Additionally, the rise of e-commerce has transformed consumer purchasing behavior, with more people opting to buy mattresses online. This shift allows companies to bypass traditional retail channels, reducing costs and offering competitive pricing. The ability to provide free returns has further alleviated consumer concerns about online purchases, contributing to the growth of the online mattress market.
In regions like India, the mattress market is bolstered by increased household spending, growth in the real estate and hospitality sectors, and a rising population. The expansion of budget hotels by startups such as Oyo Rooms and Fab Hotels has increased the demand for affordable mattresses, further propelling market growth. The competitive landscape is marked by the presence of major players and numerous local companies, all vying for market share. Key strategies employed by these companies include geographic expansion and new product launches, with partnerships also playing a role in market dynamics. This competitive environment underscores the global demand for mattresses and the ongoing innovation within the industry.
Mattress Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Product Type
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2.1.1 Innerspring Mattresses
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2.1.2 Memory Foam Mattresses
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2.1.3 Latex Mattresses
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2.1.4 Airbed Mattresses
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2.1.5 Other Product Types
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2.2 By End User
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2.2.1 Household
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2.2.2 Commercial
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2.3 By Distribution Channel
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2.3.1 Offline Retail
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2.3.2 Online Retail
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2.4 Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.1.3 Mexico
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2.4.1.4 Rest of North America
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2.4.2 Europe
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2.4.2.1 Spain
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2.4.2.2 United Kingdom
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2.4.2.3 Germany
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2.4.2.4 France
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2.4.2.5 Italy
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2.4.2.6 Russia
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2.4.2.7 Rest of Europe
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2.4.3 Asia Pacific
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2.4.3.1 China
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2.4.3.2 Japan
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2.4.3.3 India
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2.4.3.4 Australia
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2.4.3.5 Rest of Asia-Pacific
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2.4.4 South America
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2.4.4.1 Brazil
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2.4.4.2 Colombia
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2.4.4.3 Rest of South America
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2.4.5 Middle East and Africa
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2.4.5.1 South Africa
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2.4.5.2 United Arab Emirates
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2.4.5.3 Rest of Middle East and Africa
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Mattress Market Size FAQs
What is the current Mattress Market size?
The Mattress Market is projected to register a CAGR of 7.10% during the forecast period (2024-2029)
Who are the key players in Mattress Market?
Paramount Bed Holdings Co. Ltd, KING KOIL Inc., Kingsdown Inc., Southerland Bedding Co and Sealy corporation are the major companies operating in the Mattress Market.
