Market Size of Saudi Arabia Mattress Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 722.81 Million |
Market Size (2029) | USD 940.66 Million |
CAGR (2024 - 2029) | 5.41 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Saudi Arabia Mattress Market Analysis
The Saudi Arabia Mattress Market size is estimated at USD 722.81 million in 2024, and is expected to reach USD 940.66 million by 2029, growing at a CAGR of 5.41% during the forecast period (2024-2029).
The mattress market in Saudi Arabia is witnessing robust growth, driven by several key factors. Rising consumer consciousness about the significance of sleep quality is prompting them to invest in premium mattresses. Consequently, the demand for technologically advanced, ergonomically designed mattresses tailored to individual comfort preferences is surging. Additionally, the proliferation of e-commerce platforms has made mattress shopping more convenient, enabling customers to research and purchase products online, thereby expanding the market's reach. Moreover, the region's urbanization trend is leading to a surge in apartment living, often characterized by limited space. This, in turn, is fueling the demand for compact and versatile mattress options, like memory foam and foldable variants.
Heightened concerns about health and back issues drive the demand for orthopedic and eco-friendly mattresses. These offerings prioritize comfort and align with the increase in health consciousness among consumers. The rising work-from-home culture and the popularity of home improvement endeavors, including mattress upgrades, are poised to propel the growth of the Saudi Arabian mattress market.
The rise in Saudi Arabia's population and homeownership rates is fueling a surge in mattress sales, specifically for orthopedic and therapeutic variants. The market is experiencing a notable uptick in investments, especially in residential properties and critical sectors such as healthcare and hospitality. This surge in investments is in anticipation of the projected increase in demand. As consumer spending rises and awareness about the significance of quality sleep grows, retail and institutional sales, notably to hospitals and hotels, are on the upswing. Notably, king-size mattresses are in high demand, driven by larger family sizes and a trend toward taller average heights. This surge in demand has led several new mattress manufacturers to emerge. Among the mattress types, spring mattresses dominate the market, particularly pocket spring ones.
Saudi Arabia Mattress Industry Segmentation
A mattress, a sizable and flat pad, typically has a durable covering filled with straw, foam rubber, cotton, hair, feathers, and sometimes coiled springs. Mattresses are often quilted or tufted at regular intervals. They are the primary sleeping surface, standalone or placed on a bedstead.
The report comprehensively analyzes the Saudi Arabian mattress market, delving into emerging trends, notable market dynamics, and a market overview. The Saudi Arabian mattress market is segmented by type, application, and distribution channel. The market types include innerspring, memory foam, latex, and others. Applications span residential and commercial sectors. Distribution channels are segmented into online and offline. The report offers market size and forecasts in terms of value (USD) for all the above segments.
By Type | |
Inner Spring | |
Memory Foam | |
Latex | |
Other Types |
By Application | |
Residential | |
Commercial |
By Distribution Channel | |
Online | |
Offline |
Saudi Arabia Mattress Market Size Summary
The Saudi Arabia mattress market is poised for significant growth, driven by factors such as increasing homeownership, a rising population, and the trend towards nuclear families. The demand for mattresses, particularly orthopedic and therapeutic types, is on the rise due to health-related concerns like joint aches and back problems. The market is further bolstered by substantial investments in residential housing and the institutional sector, including hospitals, hotels, and college hostels. Consumer spending is increasing, and there is a growing awareness of the importance of quality sleep, which is expected to further fuel mattress demand. The market is characterized by a strong preference for king-size mattresses, with retail sales channels dominating the market, although direct sales to institutions like hotels and hospitals are also significant.
The organized sector, comprising both local and international businesses, dominates the Saudi Arabian mattress industry, with a structured distribution channel ensuring widespread availability. The market is highly concentrated, with major players such as SleepHigh, Sealy, King Koil, Intercoil, and others leading the way. Innovations in mattress technology, such as those introduced by King Koil and Intercoil, are catering to the evolving consumer preferences for multifunctional and therapeutic features. The government's Saudi Vision 2030 initiative, aimed at boosting tourism and increasing homeownership, is expected to further drive mattress demand as more housing and hospitality projects are developed. The market's competitive landscape presents challenges for new entrants due to the established presence of prominent manufacturers.
Saudi Arabia Mattress Market Size - Table of Contents
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1. MARKET INSIGHTS AND DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Rise in the Number of Nuclear Families
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1.2.2 Rising Trend of Health-Related Disorders
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1.3 Market Restraints
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1.3.1 Price Volatility
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1.4 Value Chain Analysis
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1.5 Porter's Five Forces Analysis
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1.5.1 Threat of New Entrants
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1.5.2 Bargaining Power of Buyers
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1.5.3 Bargaining Power of Suppliers
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1.5.4 Threat of Substitutes
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1.5.5 Intensity of Competitive Rivalry
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1.6 Insights into Technological Innovation in the Industry
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1.7 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Inner Spring
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2.1.2 Memory Foam
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2.1.3 Latex
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2.1.4 Other Types
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2.2 By Application
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2.2.1 Residential
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2.2.2 Commercial
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2.3 By Distribution Channel
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2.3.1 Online
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2.3.2 Offline
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Saudi Arabia Mattress Market Size FAQs
How big is the Saudi Arabia Mattress Market?
The Saudi Arabia Mattress Market size is expected to reach USD 722.81 million in 2024 and grow at a CAGR of 5.41% to reach USD 940.66 million by 2029.
What is the current Saudi Arabia Mattress Market size?
In 2024, the Saudi Arabia Mattress Market size is expected to reach USD 722.81 million.