Mattress Market Current Analysis and Forecast (2021-2027)

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Emphasis on Material (Innerspring, Foam, Latex, and Others); Type (Branded and Unbranded); Size (Single, Double, Queen, and King); Distribution Channel (Offline and Online); Price Point (Economy, Mid, Premium, and Luxury); Application (Domestic and Commercial); and Region and Country

Detailed Analysis of COVID-19 Impact on the Mattress Market

Pages:

352

Table:

58

Figure:

121

Report ID:

UMCG21875

Geography:

Clear
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Report Description
Table of content
Research Methodology

Report Description

Mattress Market
Mattress Market

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The global mattress market is likely to showcase a growth of around 6% during the forecast period. Key factors influencing the growth of the mattress market are the rising number of housing units, increased incidences of back problems caused mainly by uncomfortable sleeping surfaces, and the growth of the real estate industry. According to Hopkins medicine, around four out of five people have lower back pain problems at some point in their lives. It is one of the most common reasons people visit doctors. There are several reasons that can cause back pain such as age, weight, occupation & lifestyle, disease, and others. Mattresses are really effective in reducing back pain, they can offer firm core support with a thick layer of cushioning foam that cradles the body and keeps the spine aligned. Moreover, increasing urbanization is another major factor propelling the demand for mattresses. According to the World Bank, the total urban population in 2010 was around 3.5 Bn which increased to more than 4.3 Bn in 2020.

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Insights Presented in the Report

“Amongst material, innerspring category held prominent market share in 2020”

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 expected to grow at a prominent growth rate during the forecast period. Innerspring beds make use of metal coils in their base that provide strength, and resiliency, while the comfort layer is relatively thin, at around 2 inches or less. Modern innerspring beds are relatively inexpensive to produce, so they are a popular budget-friendly option.

“Amongst application, domestic category held prominent market share in 2020”

On the basis of application, the market is categorized into domestic and commercial. The domestic segment held a substantial share in the mattress market in 2020 and is expected to witness a strong growth rate during the forecast period. The major factors driving the growth of this segment are the rising number of housing units and increased incidences of back problems. With the increasing urbanization, the demand for housing units is increasing. For instance, according to the United States Census Bureau, around 137 Mn housing units were present in the U.S. in 2017 and this number rose to more than 140 Mn units in 2020. This means around 1 million houses were built every year. This directly affects the growth of the mattress market positively.

“APAC is expected to witness a substantial growth during the forecast period”

During the forecast period, APAC is expected to have a robust CAGR due to the rapidly increasing population and growing real estate industry in the region. The two Asian giants, China and India are the two most populous countries in the world, with China being home to about 1.44 billion people and India to 1.38 billion in 2020. China and India together account for about 36% of the total world population. Moreover, the region is home to around 60 percent of the world’s total population. More population requires more housing units and an increasing real estate sector results in growth in the mattress market.

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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Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts
  • The report presents a quick review of overall industry performance at one glance
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
  • The study comprehensively covers the market across different segments
  • Deep dive country-level analysis of the industry


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1.1.Market Definitions
1.2.Limitation
1.3.Stakeholders
1.4.Currency used in Report
2.1.Research Process of the Mattress Market
2.2.Research Methodology of the Mattress Market
2.3.Forecasting Method
2.4.Respondent Profile
2.5.Main Objective of the Mattress Market Study
3MARKET SYNOPSIS
4EXECUTIVE SUMMARY

 

5MATTRESS MARKET COVID-19 IMPACT
6MATTRESS MARKET REVENUE (USD BN), 2019-2027F
7.1.Innerspring
7.2.Foam 
7.3.Latex 
7.4.Others 
8.1.Branded
8.2.Unbranded
9.1.Single
9.2.Double
9.3.Queen
9.4.King
11.1.Economy
11.2.Mid
11.3.Premium
11.4.Luxury
12.1.Domestic
12.2.Commercial
13.1.North America
 13.1.1. US
 13.1.2. Canada
 13.1.3. Rest of North America
13.2.Europe 
 13.2.1. Germany
 13.2.2. UK
 13.2.3. France
 13.2.4. Spain
 13.2.5. Italy
 13.2.6. Rest of Europe
13.3.Asia-Pacific
 13.3.1. China
 13.3.2. Japan
 13.3.3. India
 13.3.4. South Korea
 13.3.5. Rest of Asia-Pacific
13.4.Rest of World
14.1.Market Drivers
14.2.Market Challenges
14.3.Impact Analysis
15MATTRESS MARKET OPPORTUNITIES
16MATTRESS MARKET TRENDS
17LEGAL & REGULATORY FRAMEWORK
18.1.Demand Side Analysis
18.2.Supply Side Analysis
 18.2.1.Top Product Launches
 18.2.2.Top Business Partnerships
 18.2.3.Top Business Expansions
 18.2.4.Top Merger and Acquisitions
19VALUE CHAIN ANALYSIS
20.1.Porters Fiver Forces Analysis
 20.1.1.Bargaining Power of Buyer
 20.1.2.Bargaining Power of Supplier
 20.1.3.Intensity of Rivalry
 20.1.4.Threats of New Entrant
 20.1.5.Threat of Substitute
21.1.Simmons Bedding Company
21.2.Sealy Technology LLC
21.3.Serta Simmons Bedding LLC
21.4.Kingsdown Inc.
21.5.Leggett & Platt Incorporated
21.6.Paramount Bed Co. Ltd.
21.7.Sleep Number Corporation
21.8.Southerland Sleep
21.9.Spring Air International
21.10.Tempur-Pedic International Inc.
22DISCLAIMER

Research Methodology

Analyzing the historical market, estimating the current market, and forecasting the future market of mattresses, three major steps are undertaken to create and analyze its adoption across the globe. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the mattress industry. Post assumption and validation of market numbers through primary interviews, we employed a bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

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Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of mattress through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the mattress market, we conducted a detailed secondary analysis to gather current market insights and share for different segments & sub-segments for major regions. The major segment is included in the report by material, type, size, distribution channel, price point, and application. Further regional and country-level analyses were conducted to evaluate the overall adoption of mattresses globally.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of mattresses. Further, we conducted factor analysis using dependent and independent variables such as the rising number of housing units and the growing number of sleep disorders cases. A thorough analysis was conducted for demand and supply-side scenarios considering an increasing investment, top partnerships, mergers and acquisitions, business expansion, and product launches in the mattress industry.

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Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global mattress market, and market shares of each segment. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the bottom-up approach were applied to arrive at the market forecast to 2027 for different segments and subsegments across the major regions globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of value (US$) and the adoption rate of mattresses across the major markets
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the mattress market. Also, the growth strategies adopted by these players to compete in the fast-growing market.


Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants by Stakeholders and Regions

Mattress Market
Mattress Market

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Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global mattress market. Data was split into several segments & sub-segments post studying various parameters and trends in the area of material, type, size, distribution channel, price point, and application.

The main objective of the mattress market study

The current & future market trends of the global mattress were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market at a country level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of the mattress market in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segment in the study include the area of material, type, size, distribution channel, price point, and application
  • Defined analysis of the regulatory framework for the mattresses industry
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
  • Analyze the current and forecast market size of mattresses for the major countries
  • Major regions/countries analyzed in the report include North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific), and Rest of World
  • Company profiles of the mattress market players and the growth strategies adopted by them to sustain in the growing market

Deep dive country-level analysis of the industry

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