This market reasecrh report offers market size and forecast of the global mattress market and segmentation by product (innerspring mattress and specialty mattress) and by geography (APAC, North America, Europe, and ROW). The report also discusses the major drivers and trends influencing the growth of the market. Select Comfort, Serta, Simmons Bedding, and Tempur Sealy International are the top vendors considered in the report.
Technavio has released its new market research report, global mattress market, which is expected to grow at a CAGR of around 8% between 2015 and 2019. Factors such as rise in new-home sales and growing demand for replacement are propelling the growth of this market. The use of new technology in manufacturing mattresses and product innovations have changed the dynamics of the global mattress market, transforming the market from a slow pace, low-growth market to a relatively fast growing market. APAC lead the global market for mattresses, accounting for 35% of the total market share. Growth in the housing sector, rising health-consciousness among aging population and increased in R&D investments are driving the sales of mattresses in the region.
“The market is witnessing growing demand for customized mattresses to suit the customer’s requirements. These mattresses can be custom cut, designed, and tailored to any size or shape such as square, polygon, hexagon, circle, semi-circle, and equilateral triangle. The broad range of firmness and layering options offered by the retailers along with the variety of customizations in mattresses is intensifying the sales of the mattresses,” says Sriram Mohan, Industry Manager, Lead Analyst, Consumer & Retail, Technavio Research.
Of late, the gel-based memory foam mattresses are replacing the traditional memory foam mattresses. These foam mattresses contain 25% more gel than the original formula and give improved cooling comfort to users while sleeping. Also, the mattress manufacturers are using natural latex, owing to the health benefits they offer. These specialty mattresses are non-toxic and free from harsh fire-retardant chemicals, thereby eliminates health risks.
The leading vendors in the global mattress market includeSelect Comfort, Serta, Simmons Bedding, and Tempur Sealy International. The market is led by major vendors, who have marked their presence across the globe and have established strong brand visibility. These vendors compete among themselves for the top position by expanding into new geographic regions.
A more detailed analysis is available in the Technavio report, Global Mattress Market 2015-2019.
We can customize this reports by other regions and specific segments upon request.
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