The Mattress Market report clarifies
definition, an investigation of significant progress in the market. It discusses
the primary growth drivers and challenges that the vendors and the industry as
a whole face and provides an overview of the key trends emerging in the market.
It also talks about the market size of various segments and their growth
aspects along with leading countries in Americas, Asia-Pacific, Europe, the
Middle East, and Africa regions.
In line with the report published by the experts in 2018, the scope
of the global Mattress Market was appreciated at US$ 27.5 billion. It is estimated
to grow by a CAGR of 6.7% during 2019 to 2025 to touch US$ 43.2 billion by the
completion of forecast period.
Key Questions Answered
·
What are the sales or revenue produced
by Mattress products beyond all sectors during the forecast period?
·
What are the key trends in the Mattress
market?
·
What are the leading drivers, limitations,
and probabilities in the industry?
·
Which segment will gain the
highest revenue worldwide and which product segment will expand at the fastest
CAGR during the forecast period?
·
In which region the Mattress
market to project lucrative CAGR during the forecast period?
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Drivers:
The
gush in home possessions, which is approximately 69.6% all over the world
together with increasing per head earnings is likely to power the demand for
the mattresses during the period of forecast. Increasing demand from the
subdivision of real estate to help the housing necessities has headed to a rise
in sale of home-based furnishings for example bed linen, pillowcases and
mattresses. As a consequence, increasing the demand for the product. One of the
most important reasons motivating the global mattress industry is progress of
the hospitality and healthcare businesses.
Augmented
occurrences of back problems instigated mostly by way of painful sleeping
surfaces are expected to perform an important part in the development of
specialty mattresses for example foam-based, airbed and waterbed. These are
mostly used by innovative hospitals, together with modernized old healthcare
organizations, that have backed considerably to the demand for these types to
deliver comfort to all type of patients and the concierges. The innerspring
type is reasonably priced and easily available. It will boost up the demand all
over the world. In 2018, it had a market share of 32.5%.
In
the subdivision of commercial usage, the hotels are the foremost end users of
mattresses. As compare to residential users, the hotels change it more
frequently. Normally, domestic users use their mattresses for 9-10years and
then change it. However, for the subdivision of hospitality it takes all-out
5-6 years to change their mattresses. Therefore, the commercial sector is
estimated to grow by a CAGR of 7.1% during the period of forecast as equated to
the subdivision of domestic use.
Classification:
The
global mattress market can be classified by Application, Product, Size and
Region. By Application it can be classified as: Commercial, Domestic. By
Product, it can be classified as: Memory Foam, Innerspring, and Latex. By Size,
it can be classified as: King Size, Queen Size, Double Size and Single Size.
Regional Lookout:
By
Region the global mattress industry can be classified as North America, Europe,
Asia Pacific, Central & South America, and Middle East & Africa. With
reference to price, the Asia Pacific market is projected to increase by a CAGR
of 7.3% during the period of 2019 to 2025. Owing to the arrival of brands
similar to Kurl-On, Stearns & Foster and Dunlop, the demand in the market
is expected to increase, all over the world, particularly for the subdivision
of latex and innerspring. Due to the huge population in the nation states
similar to China, India and Sri Lanka, Asia Pacific is between the biggest
customers for the product. In this manner heading to the better demand for the
product.
Furthermore,
greater per head earnings is expected to motivate the global mattress market in
emerging nation states of Asia Pacific and Latin America for example Brazil and
India .Brazil takes the most important share of the market for the memory foam
and latex, because the consumer has the experience of superior comfort of sleep
and therefore the hotels within these areas take a greater demand for these
type. For example, At the Edsa Shangri-La Hotel in Manila, Paramount Bed Asia
Pacific Pte., Ltd. underway their business with variance trading to deliver
best quality mattresses on a contract base.
Due
to growing swing of the customers in the direction of big houses and increasing
favorite for many bedrooms in the house, the European market is likely to
observe substantial development during the period of approaching years. In the
subdivisions of hospitality and healthcare, within this region, the demand for
the product is greater. In the subdivision of healthcare industry the demand
for it is increasing in hospitals, nursing homes and clinics. For example,
Feather & Black and Bensons for Beds are manufacturing first-class products
in reasonable price range for the subdivision of domestic use and accordingly
enhancing the sales in the most important European cities.
Companies:
Several
manufacturing companies are increasing their capacity of manufacturing and
firming up their worldwide existence with the aim of upsurge their share of
market. The companies are developing hybrid mattresses because the users are
ready to bear additional prices. Such as in January 2018, Serta Inc. presented
a new-fangled collection called I Comfort, those were prepared by means of
hybrid technology.
Some of the important companies for mattress market are: McRoskey
Mattress Company, Southerland Inc., Serta Inc., Simmons Bedding Company LLC,
Kings down Inc., Corsicana Mattress Company, Rely on Limited, Tempur Sealy International
Inc., Sleep Number Corporation and Spring Air International.
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