The Mattress Market is expected to foresee significant growth. APAC to lead the growth!

The mattress market is expected to grow at a CAGR of around 6% during the forecast period (2021-2027). A mattress is a fabric case filled with a flexible and springy material, used for sleeping on it. It can be used as a bed, or on a bed frame as part of a bed. A high-quality mattress or one that suits the body with sufficient support and comfort allows the body deeper sleep. They have several health benefits such as better sleep, relieving stress, easing aches and pains, and mental health benefits. Moreover, specialized mattresses support each part of the body equally, it sufficiently supports the lower back of the body and keeps the spine in a neutral position. Improper spinal alignment can cause a whole lot of problems over time, including chronic pain, but a good mattress can help in the prevention of chronic pain, reduced range of motion, and several other problems. The increasing urban population is one the most prominent reason driving the growth of the mattress market. According to the World Bank, in 2020, 56% of the total population of the world was living in urban areas and this percentage is going to increase in the future which indicates an increasing demand for mattresses.

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The major factors driving the growth of the market include the growth of the healthcare and hospitality industries, easy availability and affordable prices, and the growing sleep disorder problem. Mattresses can help in reducing sleep disorders, they can offer pressure point relief, back support, or both. Moreover, mattresses are budget-friendly, and they also have quite a long lifespan. For instance, the innerspring can be used for 5 to 6.5 years, the foam-based mattresses can be used for 6 to 7 years and the latex mattresses can be used for 5 to 8.5 years.

Based on material, the market is segmented into innerspring, foam, latex, and others. The innerspring segment possessed a significant share of the revenue in the market in 2020 and is anticipated to grow at a prominent growth rate during the forecast period due to increasing cases of back problems associated with uncomfortable sleeping surfaces. Innerspring mattresses are the oldest, most commonly used mattress design type. Innerspring mattresses use a metal wire system fitted with springs to create a frame covered in fabric with cushioning material used on top of the mattress for more support.

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On the basis of size, the market is categorized into single, double, queen, and king. Queen size mattress segment held a prominent share in the mattress market in 2020 and is expected to be a prominent shareholder during the forecast period. The growth of this segment is primarily attributed to the heavy usage of queen-size mattresses in households due to the lower costs mattresses. Furthermore, mattresses of this size can easily accommodate two adults and a child.

During the forecast period, APAC is expected to have a robust CAGR due to the increasing population and growing real estate industry. The region accounts for around 60% population of the world and the real estate industry is growing rapidly in this region. With the rising financial stability of the middle-class population, its tendency to spend is increasing, hence leading to an improved standard of living.

Some of the major players operating in the market include Simmons Bedding Company, Sealy Technology LLC, Serta Simmons Bedding LLC, Kingsdown Inc., Leggett & Platt Incorporated, Paramount Bed Co. Ltd., Sleep Number Corporation, Southerland Sleep, Spring Air International, and Tempur-Pedic International Inc. among others.
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Mattress Market Segmentation

Market Insight, by Material

• Innerspring
• Foam
• Latex
• Others

Market Insight, by Type

• Branded
• Unbranded

Market Insight, by Size

• Single
• Double
• Queen
• King

Market Insight, by Distribution Channel

• Offline
• Online

Market Insight, by Price Point

• Economy
• Mid
• Premium
• Luxury

Market Insight, by Application

• Domestic
• Commercial

Market Insight, by Region

• North America Mattress Market
  • US
  • Canada
  • Rest of North America
• Europe Mattress Market
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia-Pacific Mattress Market
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
• Rest of World Mattress Market

Top Company Profiles

• Simmons Bedding Company
• Sealy Technology LLC
• Serta Simmons Bedding LLC
• Kingsdown Inc.
• Leggett & Platt Incorporated
• Paramount Bed Co. Ltd.
• Sleep Number Corporation
• Southerland Sleep
• Spring Air International
• Tempur-Pedic International Inc.