What is the market size of Adjustable Beds and Mattress Market?

Adjustable Beds and Mattress Market size was valued at USD 6.35 billion in 2021 and is poised to grow from USD 6.92 billion in 2022 to USD 13.68 billion by 2030, growing at a CAGR of 8.90% during the forecast period (2023-2030).

Adjustable Beds and Mattress Market Size

Adjustable Beds and Mattress Market Insights

Global Adjustable Beds and Mattress Market size was valued at USD 6.92 billion in 2023 and is poised to grow from USD 7.54 billion in 2024 to USD 14.91 billion by 2032, growing at a CAGR of 8.9% during the forecast period (2025-2032).

Adjustable beds are becoming increasingly popular due to their ability to customize sleep positions. They allow users to adjust the bed's head and foot positions, providing comfort and relief for conditions such as sleep apnea, acid reflux, and back pain. Additionally, adjustable beds can be beneficial for reading, watching TV, or working on a laptop. When paired with the right mattress, adjustable beds can enhance the sleeping experience and improve overall sleep quality. Choosing the right mattress for an adjustable bed is essential to ensure proper support and alignment while sleeping. As regulations became more relaxed towards the end of a certain period, there was an increase in online sales, which helped bolster the growth of the industry.

Adjustable beds and mattresses, smart beds, fire stick TVs, and other smart items have entered a transformative phase as a result of the widespread acceptance of smart homes in urban areas. There is also an increasing demand for a luxurious lifestyle that satisfies both aesthetic and functional requirements, further driving the demand for products in the industry. Furthermore, chronic sleep deprivation has a significant impact on a person's quality of life. Numerous clinical studies have shown that factors such as jet lag, breathing problems, and discomfort caused by the mattress's durability and firmness can lead to sleep disturbances. Therefore, consumers are willing to invest in high-quality mattresses, which is supporting the industry's growth. Before purchasing a mattress, various factors such as comfort need to be taken into account. To help consumers examine these aspects, many companies are now offering physical trials of their products. For instance, Wakefit offers a 100-day in-house trial period for their mattresses, allowing consumers to evaluate the quality, firmness, sagging period, and if they experience any backache issues before deciding if the product is worth the price. Furthermore, manufacturers in the industry are expanding their businesses globally and reaching the right audience through mergers and acquisitions as marketing techniques.

US Adjustable Beds and Mattress Market is poised to grow at a sustainable CAGR for the next forecast year.

FAQs

The competitive landscape of the global adjustable beds and mattress market is highly fragmented on account of the presence of many small and large players. The market is characterized by intense competition, with companies competing on factors such as price, product quality, and innovation. To remain competitive, players in the market are focusing on product development, expanding their distribution networks, and adopting marketing strategies such as mergers and acquisitions. The increasing demand for high-quality sleep products is creating opportunities for new players to enter the market and gain a foothold. 'Hamilton Beach Brands Holding Company (USA) ', 'National Presto Industries, Inc. (USA) ', 'JBT Corporation (USA) ', 'Tribest Corporation (USA) ', 'Excalibur Dehydrator (USA) ', 'Nesco Holdings, Inc. (USA) ', 'LEM Products Holding LLC (USA) ', 'STX International (USA) ', 'Weston Brands LLC (USA) ', 'Aroma Housewares Company (USA) ', 'COSORI (USA) ', 'Magic Mill (USA) ', 'Harvest Right (USA) ', 'Koolatron Corporation (Canada) ', 'Vitality4Life Pty Limited (Australia) ', 'Guangdong IKE Industrial Co., Ltd. (China) ', 'Kihara Works Co., Ltd. (Japan) ', 'Cuisinart (USA) ', 'NutriChef (USA) ', 'Open Country LLC (USA)'

One significant driver of the global adjustable beds and mattress market is the increasing prevalence of chronic sleep disorders, such as sleep apnea and back pain. The rising number of people suffering from these conditions is increasing the demand for products that provide comfort and relief, like adjustable beds and mattresses. Additionally, as more people become aware of the benefits of quality sleep, they are willing to invest in high-quality sleep products. This driver is expected to continue to propel the growth of the adjustable beds and mattress market in the coming years.

One key market trend in the global adjustable beds and mattress market is the growing popularity of smart beds. Smart beds come equipped with features such as sensors, automatic adjustments, and connectivity to other smart devices, enabling users to monitor and optimize their sleep experience. The increasing adoption of smart home technology and the growing awareness of the benefits of quality sleep are driving the demand for smart beds. Manufacturers are investing in research and development to improve the functionality and features of smart beds, and this trend is expected to continue in the coming years.

North America is expected to maintain its dominance in the global adjustable beds and mattress market during the forecast period. This dominance is attributable to the increasing prevalence of chronic sleep disorders, such as sleep apnea, and back pain. Additionally, the region's aging population, coupled with a rise in disposable incomes, is increasing the demand for these products. Furthermore, technological advancements and a high level of consumer awareness are driving market growth in the region.