Global Mattress Market Size, Share, and Trends Analysis Report, By Type (Innerspring Mattress, Latex Mattress, Memory Foam Mattress, and Others), By Application (Domestic, and Commercial), Forecast Period (2022-2028)

The global mattress market is anticipated to grow at a CAGR of 5.2% during the forecast period (2022-2028). The mattress is a product that is used on beds to give proper support to efficient sleep to stay fresh all day long. The major factor attributing to the growth of the global mattress market is the increasing use of mattresses in hotels to retain their customer base by providing good-quality mattresses in rooms due to the increasing number of hotels across the globe. According to an article published by Condor Ferries Ltd. in 2021, there are more than 7,00,000 hotels & resorts accounting for 16.4 million hotel rooms across the globe. The size of the global hotel industry is around $570 billion. Among these, China is the country with the most number of hotels with around 4,169 hotels. London & Dubai are the cities with the major number of 5-star hotels in the world accounting for 65 hotels in London, and 61 hotels in Dubai. Thus, increasing the demand for mattresses.

The demand for mattresses is also increasing among people for domestic use due to the increasing prevalence of sleep disorders. According to the Centers for Disease Control & Prevention (CDC), around 70 million people are suffering from chronic sleep problems due to chronic disease, mental illness, and many other reasons. Thus, contributing to the growth of the global mattress market.

Some major players in the market include Azimut Benetti S.p.A., Serta Simmons Bedding LLC, Sleep Number Corp., Paramount Bed Co. Ltd., and Kingsdown Inc., among others. The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market.

Few Recent Development

• In July 2021, American Mattress, a major mattress retailer partnered with Casper, an innovative sleep solution provider. This partnership will expand Casper’s mattress market share by offering mattresses through retail stores of American Mattress in the US & Canada.
• In March 2021, Endy, a Canada-based mattress manufacturer started a new campaign called “Healthcare Heroes Giving”. In this campaign, Endy will donate its sleep products to hospital customers in Canada. This campaign will benefit Emdy in growing its business and increasing its hospital customers in Canada.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Type
  • By Application
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- Azimut Benetti S.p.A., Serta Simmons Bedding LLC, Sleep Number Corp., Paramount Bed Co. Ltd., Kingsdown Inc., among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Mattress Market Report by Segment

By Type

• Innerspring Mattress
• Latex Mattress
• Memory Foam Mattress
• Others

By Application

• Domestic
• Commercial

Global Mattress Market Report by Region

North America

• The United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa