Mattress Products Market Size, Share, & Trends Analysis Report (2023 – 2030)

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Report Overview

The global mattress products market was valued at USD 25.5 billion in 2022 and is projected to expand at a CAGR of 8.3% from 2023 to 2030. The growing demand for comfortable mattresses is driving the market growth. Increasing awareness among consumers about the importance of good sleep and the comfort of mattresses is driving the market. Furthermore, the changing lifestyle of consumers and the rise of the digital economy have led to the emergence of new players in the market, providing a variety of mattresses at different price points.

The introduction of advanced mattresses is expected to create lucrative opportunities for the market. For instance, in June 2021, Sealy Corporation launched Cocoon Chill mattress, which is designed to provide better sleep. The mattress is designed with a combination of cooling and supportive materials, including a top layer of breathable foam and a base layer of support foam. Furthermore, the mattress is available in three sizes, twin, queen, and king, and is delivered in a box.

The increasing adoption of foam mattresses is expected to fuel the demand for the market. Foam mattresses are becoming popular due to their durable construction and low cost. Furthermore, the introduction of hybrid mattresses is also driving the market. Hybrid mattresses are designed with a combination of foam and innerspring, providing comfort and support. For instance, in March 2021, The Casper Sleep Company launched a hybrid mattress, which is designed to provide comfort and support at the same time.

The growing popularity of adjustable beds is also driving the market. Adjustable beds allow users to adjust the height and angle of the mattress to provide comfort and support. For instance, in May 2021, Sleep Number launched a new adjustable bed, the 360 Performance Smart Bed. This bed is designed with a combination of Sleep Number’s most advanced comfort, firmness, and cooling technologies. Furthermore, the rising demand for eco-friendly mattresses is also driving the market. For instance, in January 2021, Ecosa launched a new range of eco-friendly mattresses. The mattresses are made from natural materials, such as bamboo and coconut husk.

Furthermore, the increasing use of online platforms to purchase mattresses is also driving the market. Online platforms provide several benefits to customers, such as convenience, variety, and competitive pricing. For instance, in April 2021, mattress startup Nectar launched an online platform that allows customers to shop for mattresses without the need for a middleman. This platform is expected to simplify the mattress shopping process for customers.

Product Insights

The innerspring mattress segment dominated the market in 2019 and is expected to remain dominant over the forecast period. Innerspring mattresses have been widely adopted by consumers due to their cost-effectiveness, comfort, and durability. Furthermore, the availability of a wide variety of innerspring mattresses in different sizes and comfort levels has been helping in gaining the trust of customers.

The memory foam mattress segment is projected to witness the highest CAGR during the forecast period. The growing demand for memory foam mattresses is attributed to their superior comfort level and temperature regulation capabilities. The emergence of technologically advanced foam mattresses such as gel-infused and plant-based memory foam mattress is expected to drive the segment growth. According to an article published by Sleep Foundations, in 2019, the memory foam mattress market accounted for around 30% of the total mattress market.

Distribution Channel Insights

The offline segment captured the major share of the global mattress market in 2022, owing to the rising number of physical stores across the globe. The physical stores provide customers with an opportunity to test the mattresses and make informed decisions based on their preferences. In addition, these stores offer a wide array of mattresses in terms of materials, sizes, and price points, which has resulted in their wide adoption.

The online segment is expected to grow at the highest CAGR of 11.2% over the forecast period. The growth of the segment is mainly attributed to the increasing number of online mattress stores, increasing penetration of the internet, and rising preference for e-commerce platforms. Furthermore, companies are also investing in digital marketing strategies to reach a wider customer base. For instance, in 2020, Casper, a mattress company, invested heavily in digital marketing and advertising to increase its market share. The company has also launched products in multiple channels, such as e-commerce, brick and mortar stores, and direct to consumer.

Type Insights

The innerspring segment accounted for the largest revenue share of 48.3% in the year 2022. Factors such as the availability of innerspring mattresses in various sizes, shapes, and thicknesses are propelling the demand for this segment. Additionally, increasing disposable income and the availability of affordable options are further driving the segment’s growth. Furthermore, the availability of options in the innerspring segment, such as pocket coils and hybrid mattresses, is also driving the segment’s growth.

The memory foam segment is anticipated to expand at the highest CAGR of 8.2% over the forecast period. Memory foam mattresses are gaining popularity among consumers due to the comfort and support they provide. Additionally, the availability of memory foam mattresses in various sizes, thicknesses, and densities is driving the demand for this segment. Moreover, the increasing number of mattress-in-a-box companies offering memory foam mattresses is further propelling the segment’s growth.

Regional Insights

North America is expected to hold the largest share in 2022, owing to a high demand for mattresses from both residential and commercial sectors. The rise in consumer spending and the increasing number of dual-income households in the region are some of the key factors driving the growth of the mattress products market. Furthermore, the presence of major players, such as Serta, Simmons, and Tempur-Sealy, is expected to further bolster the market growth in the region.

Europe is anticipated to witness significant growth during the forecast period, owing to a rise in demand for luxury mattresses among affluent consumers in the region. The market is witnessing an increase in the demand for premium mattresses from countries, such as Germany, France, and the U.K. Moreover, the rising emphasis on product innovation and development of technologically advanced mattresses is expected to drive the growth of the mattress products market in Europe.

Financial Projections

In this part of the mattress products business plan we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for your mattress products business. Usually, these projections are drafted for a 5-year period.

Revenue Assumptions

The main source of revenue for a mattress products business comes from sales of mattresses, bedding accessories, and other related products. Here you will find a list with a description of each product and other possible sources of profit such as discounts, promotional campaigns, and sales of used mattresses.

Projecting Expenses

In this section, all the regular expenses related to keeping the mattress products business running will be described. The list of operating expenses includes rent or mortgage payments, wages, advertising, utilities, insurance policies, maintenance and repairs, and others.

Key companies & market share insights

Some of the key companies operating in the mattress market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:

– In August 2022, Sealy Corporation launched the Sealy Hybrid Essentials Collection, featuring a range of hybrid mattresses designed for enhanced comfort.

– In October 2022, Serta Simmons Bedding launched the new iComfort Hybrid Collection, featuring mattresses with cooling properties.

– In June 2022, Kingsdown, Inc. launched the Sleep to Live Collection, featuring mattresses with superior cushioning and support.

Some of the prominent players in the mattress market include:

– Sealy Corporation
– Serta Simmons Bedding
– Tempur Sealy International, Inc.
– Kingsdown, Inc.
– Select Comfort Corporation
– American National Manufacturing
– Leggett & Platt, Inc.
– Spring Air International
– Kluft Bed Company
– Sleep Innovations, Inc.

Global Mattress Market Segmentation

This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global mattress products market based on product, distribution channel, type, and region:

1. Product Outlook (Revenue, USD Million, 2017 – 2030)

– Bed Mattress
– Pillows & Bedding
– Mattress Toppers
– Mattress Protectors
– Mattress Covers

2. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)

– Retail Stores
– Online
– Others

3. Type Outlook (Revenue, USD Million, 2017 – 2030)

– Traditional
– Specialty

4. Regional Outlook (Revenue, USD Million, 2017 – 2030)

– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa

Frequently Asked Questions

[Q]: What are the key factors contributing to the growth of the mattress market?
[A]: The mattress market is driven by factors such as the increasing adoption of healthy sleeping habits; the rising demand for comfort and convenience; the growing focus on ergonomics; the increasing disposable income, particularly in developing countries; and the improving quality of sleep due to the introduction of advanced mattress technologies.

[Q]: What is the current market size of the global mattress market?
[A]: The global mattress market size was valued at USD 33.3 billion in 2019 and is expected to expand at a compound annual growth rate (CAGR) of 4.6 % from 2020 to 2027.

[Q]: Who are the major players in the mattress market?
[A]: Some of the major players in the mattress market include Serta, Simmons, Tempur Sealy, King Koil, Sleep Number, Tuft & Needle, Casper, and Purple.

[Q]: What are the different types of mattresses available in the market?
[A]: The mattress market is segmented into innerspring, memory foam, latex, adjustable, hybrid, and others. Innerspring mattresses are the most popular type of mattress, accounting for over 70 % of the market.

[Q]: What are some of the key trends in the mattress market?
[A]: Some of the key trends in the mattress market include the increasing focus on ergonomics, the increasing use of advanced materials such as memory foam, and the growing demand for products that offer better comfort and convenience.

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Mattress Products Market Size, Share, & Trends Analysis Report (2023 – 2030)

Report Overview

The global mattress products market was valued at USD 25.5 billion in 2022 and is projected to expand at a CAGR of 8.3% from 2023 to 2030. The growing demand for comfortable mattresses is driving the market growth. Increasing awareness among consumers about the importance of good sleep and the comfort of mattresses is driving the market. Furthermore, the changing lifestyle of consumers and the rise of the digital economy have led to the emergence of new players in the market, providing a variety of mattresses at different price points.

The introduction of advanced mattresses is expected to create lucrative opportunities for the market. For instance, in June 2021, Sealy Corporation launched Cocoon Chill mattress, which is designed to provide better sleep. The mattress is designed with a combination of cooling and supportive materials, including a top layer of breathable foam and a base layer of support foam. Furthermore, the mattress is available in three sizes, twin, queen, and king, and is delivered in a box.

The increasing adoption of foam mattresses is expected to fuel the demand for the market. Foam mattresses are becoming popular due to their durable construction and low cost. Furthermore, the introduction of hybrid mattresses is also driving the market. Hybrid mattresses are designed with a combination of foam and innerspring, providing comfort and support. For instance, in March 2021, The Casper Sleep Company launched a hybrid mattress, which is designed to provide comfort and support at the same time.

The growing popularity of adjustable beds is also driving the market. Adjustable beds allow users to adjust the height and angle of the mattress to provide comfort and support. For instance, in May 2021, Sleep Number launched a new adjustable bed, the 360 Performance Smart Bed. This bed is designed with a combination of Sleep Number’s most advanced comfort, firmness, and cooling technologies. Furthermore, the rising demand for eco-friendly mattresses is also driving the market. For instance, in January 2021, Ecosa launched a new range of eco-friendly mattresses. The mattresses are made from natural materials, such as bamboo and coconut husk.

Furthermore, the increasing use of online platforms to purchase mattresses is also driving the market. Online platforms provide several benefits to customers, such as convenience, variety, and competitive pricing. For instance, in April 2021, mattress startup Nectar launched an online platform that allows customers to shop for mattresses without the need for a middleman. This platform is expected to simplify the mattress shopping process for customers.

Product Insights

The innerspring mattress segment dominated the market in 2019 and is expected to remain dominant over the forecast period. Innerspring mattresses have been widely adopted by consumers due to their cost-effectiveness, comfort, and durability. Furthermore, the availability of a wide variety of innerspring mattresses in different sizes and comfort levels has been helping in gaining the trust of customers.

The memory foam mattress segment is projected to witness the highest CAGR during the forecast period. The growing demand for memory foam mattresses is attributed to their superior comfort level and temperature regulation capabilities. The emergence of technologically advanced foam mattresses such as gel-infused and plant-based memory foam mattress is expected to drive the segment growth. According to an article published by Sleep Foundations, in 2019, the memory foam mattress market accounted for around 30% of the total mattress market.

Distribution Channel Insights

The offline segment captured the major share of the global mattress market in 2022, owing to the rising number of physical stores across the globe. The physical stores provide customers with an opportunity to test the mattresses and make informed decisions based on their preferences. In addition, these stores offer a wide array of mattresses in terms of materials, sizes, and price points, which has resulted in their wide adoption.

The online segment is expected to grow at the highest CAGR of 11.2% over the forecast period. The growth of the segment is mainly attributed to the increasing number of online mattress stores, increasing penetration of the internet, and rising preference for e-commerce platforms. Furthermore, companies are also investing in digital marketing strategies to reach a wider customer base. For instance, in 2020, Casper, a mattress company, invested heavily in digital marketing and advertising to increase its market share. The company has also launched products in multiple channels, such as e-commerce, brick and mortar stores, and direct to consumer.

Type Insights

The innerspring segment accounted for the largest revenue share of 48.3% in the year 2022. Factors such as the availability of innerspring mattresses in various sizes, shapes, and thicknesses are propelling the demand for this segment. Additionally, increasing disposable income and the availability of affordable options are further driving the segment’s growth. Furthermore, the availability of options in the innerspring segment, such as pocket coils and hybrid mattresses, is also driving the segment’s growth.

The memory foam segment is anticipated to expand at the highest CAGR of 8.2% over the forecast period. Memory foam mattresses are gaining popularity among consumers due to the comfort and support they provide. Additionally, the availability of memory foam mattresses in various sizes, thicknesses, and densities is driving the demand for this segment. Moreover, the increasing number of mattress-in-a-box companies offering memory foam mattresses is further propelling the segment’s growth.

Regional Insights

North America is expected to hold the largest share in 2022, owing to a high demand for mattresses from both residential and commercial sectors. The rise in consumer spending and the increasing number of dual-income households in the region are some of the key factors driving the growth of the mattress products market. Furthermore, the presence of major players, such as Serta, Simmons, and Tempur-Sealy, is expected to further bolster the market growth in the region.

Europe is anticipated to witness significant growth during the forecast period, owing to a rise in demand for luxury mattresses among affluent consumers in the region. The market is witnessing an increase in the demand for premium mattresses from countries, such as Germany, France, and the U.K. Moreover, the rising emphasis on product innovation and development of technologically advanced mattresses is expected to drive the growth of the mattress products market in Europe.

Financial Projections

In this part of the mattress products business plan we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for your mattress products business. Usually, these projections are drafted for a 5-year period.

Revenue Assumptions

The main source of revenue for a mattress products business comes from sales of mattresses, bedding accessories, and other related products. Here you will find a list with a description of each product and other possible sources of profit such as discounts, promotional campaigns, and sales of used mattresses.

Projecting Expenses

In this section, all the regular expenses related to keeping the mattress products business running will be described. The list of operating expenses includes rent or mortgage payments, wages, advertising, utilities, insurance policies, maintenance and repairs, and others.

Key companies & market share insights

Some of the key companies operating in the mattress market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:

– In August 2022, Sealy Corporation launched the Sealy Hybrid Essentials Collection, featuring a range of hybrid mattresses designed for enhanced comfort.

– In October 2022, Serta Simmons Bedding launched the new iComfort Hybrid Collection, featuring mattresses with cooling properties.

– In June 2022, Kingsdown, Inc. launched the Sleep to Live Collection, featuring mattresses with superior cushioning and support.

Some of the prominent players in the mattress market include:

– Sealy Corporation
– Serta Simmons Bedding
– Tempur Sealy International, Inc.
– Kingsdown, Inc.
– Select Comfort Corporation
– American National Manufacturing
– Leggett & Platt, Inc.
– Spring Air International
– Kluft Bed Company
– Sleep Innovations, Inc.

Global Mattress Market Segmentation

This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global mattress products market based on product, distribution channel, type, and region:

1. Product Outlook (Revenue, USD Million, 2017 – 2030)

– Bed Mattress
– Pillows & Bedding
– Mattress Toppers
– Mattress Protectors
– Mattress Covers

2. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)

– Retail Stores
– Online
– Others

3. Type Outlook (Revenue, USD Million, 2017 – 2030)

– Traditional
– Specialty

4. Regional Outlook (Revenue, USD Million, 2017 – 2030)

– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa

Frequently Asked Questions

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