The mattress market is expected to reach $42.84 billion by 2028

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Companies present in 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 (Kremsmünster, Austria), Sleep Number Corporation (Minnesota, USA), Paramount Bed Holdings Co., Ltd. (Tokyo, Japan) , Suibao Group (Guangdong, China) and other players profiled

PUNE, India, Jan. 24, 2022 (GLOBE NEWSWIRE) — According to Fortune Business Insights, the is global mattress market The size is expected to reach US$42.84 billion in 2028, growing at a CAGR of 4.8% over the forecast period. Increasing consumer purchases of bedding products through online channels will drive market growth over the forecast period, according to Fortune Business Insights in a report titled “Mattress Market, 2021-2028.” The market size was US$30.36 billion in 2020.

Hospital bed requirement to lift market amid coronavirus

The high demand for hospital beds due to the rising COVID-19 cases will boost this industry. For example, in April 2020, Kingsdown announced it would be expanding its operations in response to the escalating need for recovery beds due to the high number of COVID-19 cases.

The company expanded its Care Xpress program to offer medical bedding. Furthermore, the development of innovative products by reputable companies to curb the spread of the coronavirus will boost the healthy growth of the market during the pandemic. For example, in July 2020, Serta Simmons announced that it would develop a new antiviral bedding material to help fight the coronavirus.

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List of companies profiled in the global 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 (Kremsmünster, Austria)

  • Suibao Group (Guangdong, China)

Aim and scope of the report:

  1. The report provides an overview of the market based on geographic reach, segmentation and financial performance of key players.

  2. The report shows the estimated market size by the end of the forecast period. Additionally, the historical and current market size is also studied in the report.

  3. Based on various indicators, the annual growth (%) and compound annual growth rate (CAGR) is offered for the respective forecast period.

  4. The report presents current trends in the industry and future scope of the market in North America, Asia Pacific, Europe, Latin America and Europe.

  5. The various parameters accelerating the growth of the market are included in the research report.

  6. The report analyzes the growth rate, market size, and valuation of the market during the forecast period.

market segments:

By material

By size

through application

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driving factor:

Increasing popularity of lush home decor to increase growth

The growing demand for household and furnishing products will fuel the growth of the market over the forecast period. The increasing number of houses in developed and developing countries will contribute positively to the market growth. According to the Housing Statistical Release of 4 July 2019, new home completions in England through the March quarter 2019 totaled 169,770, a 6% increase over the same period last year.

In addition, the rising trend of luxury home decor will enable rapid expansion of the market. Likewise, the growing demand for cribs will increase the market share of mattresses. For example, Sleep Number’s SleepIQ Kids k2 bed features DualAir adjustment and SleepIQ technology, which allows the bed to adjust so the child sleeps comfortably and easily. These factors mentioned above are expected to support the growth of the market.

Regional Insights:

High demand for bedding drives growth in Asia Pacific

The Asia Pacific market was valued at US$12.80 billion in 2020. Growing demand for bedding in China, India and Indonesia will fuel growth in Asia Pacific. For example, as stated in the July 2019 edition of the Indian Sleep Products Federation’s Comfort Time Magazine, China was one of the largest importers of mattresses in 2018 with a share of 85.4%.

Demand for bedding products can have a tremendous impact on the mattress market in the region. The increasing number of residential buildings will consequently increase the growth of the Asia Pacific market. North America is expected to expand radically over the forecast period. Demand for high quality and luxury 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 single size mattresses will influence the healthy growth of the market. For example, according to US International Trade Commission Publication 4842 of November 2018, apparent consumption of bedding in the US was 16.3% higher in 2017 than in 2015.

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Detailed table of contents:

Table of contents continued…!

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key development:

January 2020: Serta Simmons, a leading manufacturer of mattresses, has launched a new line of products aimed at Gen Z and Millennials.

Take a look at related research insights:

Market share of luxury goodsSize and COVID-19 Impact Analysis, by product type (watches & jewelry, perfumes & cosmetics, apparel, bags/wallets, and others), end-users (women & men), distribution channel (offline & online), and regional forecast, 2020-2027

Market share of sleeping pillowsSize and industry analysis, by type (memory foam pillow, down and feather pillow, wool/cotton pillow, polyester/synthetic pillow, latex pillow, other), by application (residential, commercial), by distribution channel (supermarket/hypermarket, specialty store, Online) and regional forecast 2021-2028

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