USD 171.66 million
Report ID: SQMIG25F2009 | Region: Global | Published Date: April, 2023 | Pages: 165 | Tables: 148 | Figures: 78
Global Air Mattress Market size was valued at USD 171.66 million in 2021 and is poised to grow from USD 185.05 million in 2022 to USD 363.8 million by 2030, growing at a CAGR of 7.8% in the forecast period (2023-2030).
Because of their odor-free nature, excellent durability, and capacity to expand to full size in a matter of minutes, these items are becoming more and more popular, and this trend is anticipated to continue. Additionally, these products gradually alter the stiffness, which might aid those who experience back pain and other issues with their bones and joints. Therefore, it is anticipated that this product's ability to change hardness in a shorter amount of time will address user convenience.
Air mattresses can ensure pressure alleviation and improved blood circulation for the individual using them while they sleep. But since it can vary pressure points when in a different posture, back pain sufferers may feel better after sleeping on it. The usage of air mattresses is also anticipated to be encouraged in a number of establishments, including hotels and hospitals, as a result of the improvement in the number of international tourists for their journeys as well as the expanding penetration of wellness tourism.
The air mattress market is dominated by the commercial sector, which includes hospitals, vacation spots, and hotels. The business for air mattresses has opportunities thanks to the rising demand for extra beds in hotels, which will help grow the market's clientele and product offerings. In urban regions, there is a lack of available space due to the rise in nuclear families and the small size of rooms. The market is anticipated to rise as a result of an increase in demand for space-saving products. Since air mattresses are inflatable and take up less room than traditional mattresses, the demand for them is further stimulated.
The susceptibility of air leaks in outdoor sites is projected to hinder market expansion. Polyvinyl chloride materials make up the majority of air mattresses. This suggests that they have the capacity to discharge dangerous contaminants into the atmosphere, endangering the health of people.
US Air Mattress Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 171.66 million
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The global air mattress market is segmented by price range, product type, application, distribution, end user, application and region. Based on price range, the market is segmented into economy, mid- range, high and premium. By product type, it is categorized into twin, full, queen, king and others. Based on application, the market is bifurcated into household and commercial. By distribution, the air mattress market is categorized into offline retail, online retail, independent retailers/ exclusive stores, and specialty stores. Based on end user, the market is segmented in to hotel industry, holiday homes, hospitals and others. Based on region, the market is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Air Mattress Market Analysis by Product Type
In 2021, twin products accounted for more than 35% share of the global air mattress market. This can be attributed to low price and easy availability through supermarkets and hypermarkets, convenience stores, as well as retail outlets. As a result, a large number of consumers are purchasing the products. With the skyrocket prices of real estate and growing number of nuclear families, people are increasingly paying attention to save cost and buy smaller houses. This has encouraged them to adjust in small living area. In order to overcome the problem, most of the end-user are opting for flexible bedding solution than can be remove and installed as per needs. Wherein, air mattress is becoming popular among consumers.
As per our market analysis, it has been observed that the demand for king size air mattress is expected to grow at the fastest CAGR during the forecast period as a result of shifting consumer preferences towards super-luxurious beds in hotels and vacation resorts.
Air Mattress Market Analysis by Application
By Application, the commercial application segment contributed more than 60% to the global air mattress market revenue. To avoid extra room charges, customers prefer to have extra bedding air mattress options in their rooms. It has been observed that a lot of hotels and hospitals have the product pre-installed in their rooms. Furthermore, establishments such as hotels, hospitals, and vacation homes keep air mattresses on hand to accommodate extra guests. The household application segment is expected to grow at the fastest growth rate in the years to come.
Air Mattress Market Analysis by Distribution
The online distribution channel segment is expected to witness the fastest growth over the assessment period, 2022–2028 thanks to rapidly expanding D2C start-ups and their partnership with e-commerce stores. Most of the start-ups are looking to reduce the number of agents involved in the process of reaching their targeted consumers as well to improve their profit margin without much hassle in the air mattress market. Apart from this, with the increased penetration of smartphones and internet connectivity, large number of people are switching to online shopping. In addition, most of the consumers buying product through online channel prefer purchasing them from the company portals to take advantage of exclusive products, discounted prices, holiday sales.
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North America is dominating the global mattress market and it contributed around 35% to global market revenue. From the last few years, the region has been witnessing a considerable growth in the prevalence sleep related disorders. In order to overcome the problem and improve the quality of sleep, consumers are switching air mattress as it offers better comfort and reduces back and neck pain. Moreover, rising awareness regarding a healthy lifestyle among consumers is adding fuel to the sales of sleeping beds and accessories.
Asia Pacific air mattress market is anticipated to witness the fastest growth with a CAGR of more than 10% due to growing working population in China, South Korea, and India, growing income level, increasing prevalence of sleep disorders, rapid urbanization, and increasing number of home buyers, among others.
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Air Mattress Market Driver
Air Mattress Market Restraints
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The global air mattress market is fairly concentrated, with a few big and medium-sized participants accounting for a large portion of the global air mattress market revenue. However, the global market is flooded by Chinese air mattress providers. It has been found that most of the consumers in developing countries are going after Chinese products as they come at cheaper prices and looks attractive to consumers. Apart from this, Chinese players are targeting consumers by launching multiple brands to increase the sales value. However, with the increasing number of online users, this trend is likely to change as large numbers of consumers are performing research and taking help of reviews to get a better picture before making the purchasing decision.
This has encouraged the local and international players active in the air mattress market to improve the quality of products and overcome the Chinese rivalry by opting for D2C route. It has been observed that it has become of one of the keys to reach large number of consumers. Apart from this, the players are targeting the end-users through effective social media campaigns and compelling them to at least visit their site.
Air Mattress Market Top Players Company Profiles
Air Mattress Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our business information services team that collects, collates, co-relates and analyses the data collected by means of primary exploratory research backed by the robust secondary desk research.
According to our market analysis, the air mattress market is growing rapidly, as people are looking for ways to stay comfortable while on vacation or during a sleepover. This market is especially popular among people who want to enjoy a comfortable night's sleep away from home. People use them for different purposes, such as sleeping on the floor when there's no bed available, during camping trips, or when they're traveling. This market is growing rapidly, and there are many companies that are trying to compete with each other.
Online stores are becoming most prevalent among consumers across the globe.
|Market size value in 2021||USD 171.66 million|
|Market size value in 2030||USD 185.05 million|
|Forecast Unit (Value)||USD Million|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Air Mattress Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Air Mattress Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Air Mattress Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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Global Air Mattress Market size is valued at USD 0.14 billion in 2021, and it is projected to reach USD 0.25 billion by 2028, at a CAGR of 8.75 % over the forecast period (2022–2028).
The key players in the global air mattress market are Drive DeVilbiss Sidhil Limited (UK), ALPS Mountaineering (US), SizeWise(US), LazerLazery (US), Sleepy Sleep (US), Restoration Goods (US), Bestway (UK), Somnio LLC (US), American National Manufacturing Inc. (US), Intex Development Co. Limited (China), WENZEL Group. (UK).
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