The demand within the global mattress market is rising on account of advancements in the residential sector. The need for mattresses in households and hotel is indispensable, and this creates a plethora of opportunities for market growth. Furthermore, use of mattresses is not only related to enhancing the comfort levels of people, but also have an aesthetic dimension to it. As custom-designed beds make their way into the residential sector, the demand within the mattress market is bound to rise. The use of small mattresses for cushioning of sofas, couches, and other furniture is also a key consideration from the perspective of market growth.
Transparency Market Research (TMR) holds that global mattress market would grow at a sturdy CAGR of 7% over the period between 2019 and 2027. The total value of the global mattress market stood at US$ 37 Bn in 2019, and this figure is expected to reach US$68 by 2027. The demand for mattresses in the residential sector has grown at a robust pace.
Comfort comes Prior for Consumers
The level of comfort offered by a mattress depends on the type of stuffing used to plump it. The manufacturers are using the best suited materials such as cotton and fur to offer high-quality, comfortable, and durable mattresses. The cumulative demand within the global mattress market is projected to reach new heights in the years to follow. Foam and latex mattresses have especially witnessed a surge in demand in recent times. Moreover, the quest of the market players to offer the most fitting products to the consumers has aided market growth.
The demand within the global mattress market is expected to grow with advancements in several industries including interior planning, designing, and hotel management. The quest of worldwide hospitality chains to offer the highest level of comfort to guests is a key dynamic of market growth. Furthermore, the growing use of social media to write review about stays and experiences at hotels has also put hospitality vendors on their toes.
Researchers have taken a top-down and bottom-up approach to give complete insights into the growth of the global mattress market. All the information is backed up by statistics generated after thoroughly gathering data from various authentic sources. Researchers have made efforts to understand the market from the demand and supply side, which has helped in creating a clear picture of the global mattress market. This helped them in framing a better questionnaire for the companies, which helped them in better understanding the market.
For primary research, analysts interacted with industry experts, company executives, and retail outlets. For secondary research, information was taken from company websites and other authentic sources. Free reports, blogs, newsletters, and bookmarks related to the mattress market were also taken into consideration.
Global Mattress Market: Segmentation
Information on the global mattress market is segmented in four broad categories – product type, size, component, and distribution channel. All these segments are analyzed keeping in mind their growth drivers, opportunities, restraints, and threats. The study on the mattress market encompasses statistically refined forecasts for each region analyzed in terms of product type, size, component, and distribution channel.