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Market Overview:
According to Fortune Business Insights, Global Mattress Market is projected to grow from USD 57.51 billion in 2025 to USD 91.23 billion by 2032, registering a CAGR of 6.82% during the forecast period. In 2024, the market size was valued at USD 54.75 billion.
The increasing demand for customized and luxury mattresses highlights a notable change in consumer attitudes, where mattresses are now viewed not just as functional items but also as indicators of lifestyle and social status. This trend is further supported by the expanding presence of domestic manufacturers offering a wide variety of products, which is enhancing consumer engagement and improving global distribution networks. Moreover, the continued introduction of innovative and advanced mattress solutions is anticipated to further propel market growth throughout the forecast period.
List of Key Players Mentioned in the Report:
- Serta Simmons Bedding, LLC (U.S.)
- Tempur Sealy International, Inc. (U.S.)
- Sleep Number Corporation (U.S.)
- Paramount Bed Holdings Co. Ltd (Japan)
- Kingsdown, Inc. (U.S.)
- Grupo Pikolin (Spain)
- King Koil Mattress. Co (U.S.)
- Suibao Group (China)
- Greiner AG (Austria)
- Sheela Foam Ltd (India)
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Segmentation:
Material:
The market is segmented into foam, spring/coil, latex, and others based on material type. The spring/coil segment is expected to register significant growth from 2023 to 2030, driven by the enduring preference for traditional innerspring products. These mattresses, made using metal springs, offer a sturdy support layer that enhances user comfort and remains a trusted choice among consumers.
Size:
By size, the market is categorized into queen, full, twin, and others. Queen-size mattresses dominate global demand, as they offer ample space for two individuals and are commonly used in master bedrooms. Studies indicate that approximately 61% of surveyed consumers prefer sleeping on a queen-size mattress, followed by single, double, king, and other sizes.
Application:
On the basis of application, the market is divided into households, hospitality facilities, healthcare facilities, and others. The hospitality segment is poised for strong growth, fueled by the expansion of global tourism and the rising number of accommodation establishments. The increasing demand for quality mattresses in hotels and resorts is expected to positively influence market growth.
Report Coverage:
The report offers:
- Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
- Comprehensive insights into regional developments.
- List of major industry players.
- Key strategies adopted by the market players.
- Recent industry developments include product launches, partnerships, mergers, and acquisitions.
Drivers and Restraints:
Increasing the Number of Housing Units to Boost Market Expansion
The rising number of housing constructions globally paired with an increasing number of consumer spending on furniture and bedding products. The rising number of single-occupancy homes and inclination towards nuclear families worldwide creates a need for a spacious separate room for every family member across countries hence propelling the product demand and mattress market share.
However, high circulation of unbranded/ low-cost products, most notably across Asian markets, is hampering the global demand for branded, high-end, and luxury products.
Regional Insights:
Luxury and Premium Quality Products to Propel the Market Growth
The North American market is preferred for luxury and premium quality products. North America appeared as the largest market in 2022. An average North American consumer typically buys a mattress if the existing one doesn’t provide the consumer with a comfort level.
The market in Europe benefits from the rapidly rising travel & tourism industry. In this respect, rising tourism and tourist attractions across European countries facilitate product demand in the hospitality sector.
Asia Pacific is predicted to record the fastest CAGR during the forecast period. The region's market size is growing to increase housing units across India and China.
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https://www.fortunebusinessinsights.com/mattress-market-102108
Competitive Landscape:
Key Players Prioritize Product Innovation and Strategic Expansion to Strengthen Market Presence
Prominent market players are focusing on launching new and customized products to cater to specific industry needs and broaden their customer base. To enhance their regional presence, many are engaging in strategic collaborations and acquisitions of local competitors. Additionally, these companies are investing in product innovation and adopting effective marketing strategies to boost brand visibility and capture a larger share of the market.
Key Industry Development:
- November 2023- Serta Simmons Bedding LLC, a U.S.-based company, opened its new state-of-the-art manufacturing plant in Wisconsin for mattress and other bedding products production.
