Companies represented on the global mattress market are Serta Simmons Bedding, LLC (Georgia, USA), Tempur-Sealy International, Inc. (Kentucky, USA), Kingsdown Inc. (North Carolina, USA), Grupo Pikolin (Zaragoza, Spain), Sheela Foam (Uttar Pradesh, India), King Koil Mattress Co. (Illinois, USA), Greiner AG (KremsmÃ¼nster, Austria), Sleep Number Corporation (Minnesota, USA), Paramount Bed Holdings Co., Ltd. (Tokyo, Japan), Suibao Group (Guangdong, China) and other high profile players
Pune, India, October 26, 2021 (GLOBE NEWSWIRE) – Requirement for hospital beds to increase the market in the midst of the coronavirus
The high demand for hospital beds due to the rising COVID-19 cases will fuel this industry. For example, in April 2020, Kingsdown announced it would expand operations in response to escalating demands for recovery beds due to the high number of COVID-19 cases.
The company has expanded its Care Xpress program, through which it can offer medical-grade bedding. In addition, the development of innovative products from well-known companies to contain the spread of the coronavirus will fuel the healthy growth of the market during the pandemic. In July 2020, for example, Serta Simmons announced that it would develop a new antiviral bed material to support the fight against the coronavirus.
The globe Mattress market size is projected to reach $ 42.84 billion in 2028, a CAGR of 4.8% over the forecast period. The increased purchase of bedding by consumers through online channels will fuel market growth over the forecast period, according to a Fortune Business Insights report titled “Mattress market 2021-2028. ” The market volume in 2020 was $ 30.36 billion.
List of high-profile companies worldwide mattress Market are:
Serta Simmons Bedding, LLC (Georgia, USA)
Tempur-Sealy International, Inc. (Kentucky, USA)
Sleep Number Corporation (Minnesota, USA)
Paramount Bed Holdings Co., Ltd. (Tokyo, Japan)
Kingsdown Inc. (North Carolina, USA)
Grupo Pikolin (Zaragoza, Spain)
Sheela Foam (Uttar Pradesh, India)
King Koil Mattress Co. (Illinois, USA)
Greiner AG (KremsmÃ¼nster, Austria)
Suibao Group (Guangdong, China)
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Spring mattresses for the largest share
According to the material, the market is divided into feather / coil, foam, latex and others. The spring / coil segment is expected to hold the largest share in the forecast period. They are preferred because of their inherent properties such as better resilience and easy adaptability to posture.
Based on the size, the market is divided into Queen, Full, Twin, and others. It is expected that queen size will hold a significant stake in the forecast period.
Depending on the application, the market is divided into household and commercial. The higher consumption of bedding in residential buildings will support growth in the household segment.
Geographically, the market is divided into the Asia-Pacific region, North America, Europe, South America and the Middle East and Africa.
Aim and scope of the report:
The report provides an overview of the market based on the geographic reach, segmentation, and financial performance of the major players.
The report shows the estimated market size by the end of the forecast period. In addition, the report also examines the historical and current market size.
Based on various indicators, the annual growth (%) and the average annual growth rate (CAGR) are offered for the respective forecast period.
The report presents current trends in the industry and the future size of the market in North America, Asia Pacific, Europe, Latin America and Europe.
The various parameters accelerating the growth of the market will be included in the research report.
The report analyzes the growth rate, market size and market valuation over the forecast period.
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Increasing popularity of elaborate home accessories to increase growth
The increasing demand for household and furnishing products will fuel market growth over the forecast period. The increasing number of houses in industrialized and developing countries will make a positive contribution to market growth. According to the Housing Statistical Release of July 4, 2019, a total of 169,770 new houses were completed in England by the March quarter of 2019, an increase of 6% over the same period last year.
In addition, the increasing trend towards luxurious home dÃ©cor will allow the market to expand rapidly. Likewise, the growing demand for cots will increase the market share of mattresses. Sleep Number’s SleepIQ Kids k2 bed, for example, is equipped with DualAir adjustability and SleepIQ technology, which allows the bed to be adjusted so that the child can sleep comfortably and easily. These above factors are expected to support the growth of the market.
High demand for bedding as a growth driver in the Asia-Pacific region
The Asia-Pacific market was $ 12.80 billion in 2020. Growing demand for bedding in China, India, and Indonesia will fuel growth in the Asia-Pacific region. As stated in the July 2019 issue of Comfort Time Magazine of the Indian Sleep Products Federation, China was one of the largest importers of mattresses in 2018 with a share of 85.4%.
The demand for bedding can have a great impact on the mattress market in the region. As a result, the increasing number of residential buildings will fuel the growth of the Asia-Pacific market. North America is expected to expand radically over the forecast period. The demand for high quality and luxurious products will stimulate market opportunities in the region.
In addition, the booming tourism industry will have an incredible impact on the North American market. The high demand for single beds and mattresses will influence the healthy growth of the market. For example, according to U.S. International Trade Commission publication 4842, November 2018, the U.S. apparent consumption of bedding was 16.3% higher in 2017 than in 2015.
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