Global Mattress Market

Global Mattress Market Size, Share, Growth Analysis, By Material(Spring/Coil, Foam), By Size(Queen, Twin), By Application(Households, Hospitality Facilities) - Industry Forecast 2023-2030


Report ID: SQSG25F2006 | Region: Global | Published Date: February, 2024 | Pages: 157 | Tables: 93 | Figures: 76

Global Mattress Market Insights

Global Mattress Market size was valued at USD 39.4 billion in 2021 and is poised to grow from USD 41.86 billion in 2022 to USD 67.5 billion by 2030, growing at a CAGR of 6.2% in the forecast period (2023-2030).

Whether used as a stand-alone bed or on a bedstead, a mattress is a fabric casing filled with a resilient substance (such as cotton, hair, feathers, foam rubber, or a configuration of coiled springs). The rise of specialty mattresses like airbeds, waterbeds, and foam-based mattresses is likely to be significantly influenced by the rise in back issues, which are mostly brought on by unpleasant sleeping surfaces. According to a new review of Global Burden of Disease (GBD) 2019 statistics, 1.71 billion individuals worldwide suffer from musculoskeletal diseases, such as rheumatoid arthritis, osteoarthritis, low back pain, neck discomfort, fractures, and other injuries. Furthermore, research revealed that at least $50 billion is spent yearly on treating back pain, and 80% of Americans will have back pain at some time in their lives. To comfort in-patients, out-patients, and caregivers, it is primarily employed by new hospitals as well as refurbished old healthcare institutions, which has greatly influenced the demand for such mattresses. This is expected to boost the growth of the global mattress market during the forecast period.

The key industry players are constantly working on product improvement in order to help the population deal with such diseases. For example, the Nectar Memory Foam Mattress which provides Three inches of pressure-relieving gel memory foam, two inches of quickly adjusting foam, and seven inches of sturdy foundation foam makes up the three major layers of this typical memory foam mattress. Its firmness rating of 6.5 out of 10 classifies it as a medium-firm mattress. Anyone who enjoys sinking into their mattress will find it to be a good fit because memory foam will conform to your body. This relieves pressure and can be helpful for those with joint discomfort. Couples should consider it as well because of how well it minimizes motion transmission. Research and development for better product availability will boost the growth of the global mattress market during the forecast period.

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

Market snapshot - 2023-2030

Global Market Size

USD 39.4 billion

Largest Segment

Households

Fastest Growth

Households

Growth Rate

6.2% CAGR

Global Mattress Market 2022-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Mattress Market Size By Application 2022-2028 ($ Bn)
Global Mattress Market Size By Application 2022-2028 (%)

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Global Mattress Market Segmental Analysis

Mattress Market is segmented based on the material, size, application, and region. Based on the material, the global mattress market is segmented as spring/coil, foam, latex, and others. Based on size the global mattress market is segmented into the queen, twin, full, and others. Based on the application, the global mattress market is segmented as households, hospitality facilities, healthcare facilities, and others. Based on region, Mattress Market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.

Mattress Market Analysis by Material

In 2021, the spring/coil segment held the largest share of the global mattress market. Over the course of the projection period, the spring/coil sector is anticipated to expand at a substantial rate. Users have a classic choice of spring/coil-based or innerspring goods. Metal springs are used in the manufacturing of these goods to add an additional layer of support and comfort. In the US, about 32% of individuals use a spring mattress to sleep. According to data for mattress sales, innerspring mattresses account for around a third of all mattress purchases.

For the global mattress market, around the world product sales are being hampered by the use of harmful ingredients in foam-based items. Additionally, because synthetic foam materials have limited alternatives for ventilation, they have a heating impact. Studies have shown that memory foam contains materials that could be toxic. Methylbenzene, more generally referred to as toluene, is a transparent liquid that naturally exists in crude oil. It is one of the dangerous compounds that have frequently been discovered in memory foam mattresses in the past. When breathed in excessive doses, toluene is harmful. Although it happens less frequently these days, foam manufacture occasionally produces formaldehyde as a byproduct. Fumes from formaldehyde are known human carcinogens and can irritate the eyes, nose, and mouth. Methylene Dianiline, a reactant used in the production of foam, irritates the skin when it comes into contact with it and has been linked to cancer.

Mattress Market Analysis by Size

In 2021, products of the queen size are among the most widely used and favored sizes in the global mattress market. These items are frequently utilized in master bedrooms and provide enough area for two people. A King- or Queen-size mattress is preferred by 87 percent of Gen X mattress buyers. Queen beds are the most popular size in America, where 47% of individuals report sleeping on a queen-size mattress. According to Statista, Millennials were ready to pay an average of $726 on a queen mattress.

In the global mattress market, kids mattresses are becoming increasingly popular around the globe, with several firms releasing new items in a range of sizes. For instance, “For The Children”, a non-profit organization that advocates for intervention programs, education, and advocacy on behalf of children who have been neglected, abused, or abandoned, has announced that on May 1 in Temecula, California, they will host the first of a series of Bed Builds in collaboration with Serta and Relief Bed for 50 foster children in need.

Mattress Market Analysis by Application

In 2021, the household segment held the largest share in the global mattress market. Comfort level topped the list of crucial aspects taken into account when influencing consumer purchasing decisions for homes, with almost 65 percent of poll respondents expressing a preference for comfort, followed by price (55 percent) and customer evaluations (33 percent). The increasing number of programs by governments in many nations to supply affluent housing is driving up household goods demand. For example, the PMAY program was created to help the Economically Weaker Sections (EWS) of the community buy homes within their means. Through this program, you may obtain affordability by receiving a house loan interest subsidy of up to Rs 2.67 lakh. To get benefits, you must first be eligible based on your financial situation. Your household's yearly income will determine whether you are eligible to receive benefits under the EWS, LIG, MIG 1, or MIG 2 categories.

The demand for products in the field of hospitality facilities is significantly increased by the increasing number of accommodation facilities across the world. Worldwide, there are more than 700,000 hotels and resorts. With a global market value of approximately $570 billion, the business is booming. In this regard, the expansion and development of the hospitality sector will favorably impact product demand throughout the course of the projection period, supported by significant demand from emerging and established budget hotels, resorts, spas, and luxury hotels around the world. This is further expected to boost the growth of the global mattress market during the forecast period.

Global Mattress Market By Application, 2021 (%), 2021 (%)

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Global Mattress Market Regional Insights

In 2021, North America became the region in the global mattress market with the greatest prominence. The North American market, which is headed by the United States, is distinguished by a considerable customer predilection for luxury and high-end goods. Several studies indicate that if the current mattress does not provide the desired level of comfort, the typical North American consumer typically purchases a new one. According to data, the United States sells about 35.9 million mattresses each year. Many firms have concentrated on releasing new items across distribution channels in order to enhance their market share.

For example, in order to create high-quality products meant to last a lifetime, Shinola, a design company with headquarters in Detroit, and Serta Simmons Bedding have launched a new brand alliance. Shinola adheres to the same strict standards of excellence in engineering and workmanship as we do. Together, they’re introducing a ground-breaking mattress line that combines Shinola's classic design with Serta's renowned comfort.

The tourism and travel sector are expanding quickly, which is good for the European market. Numerous tourist destinations around Europe are helping to facilitate product circulation in the hotel industry. According to data, 538 million international visitors came to Europe in the last year, making up half of all visitors worldwide.

The fastest CAGR is anticipated to be recorded by the Asia Pacific for the global mattress market from 2022 to 2028. The market growth in the region is a result of the constantly rising number of housing units in China and India. For instance, a 99acres.com report released on April 14 states that consistent demand revival in the Indian real estate market, supported by favorable government policies and numerous developer incentives, has resulted in a 20 percent year-over-year (y-o-y) increase in housing unit sales in January to March 2021.

Global Mattress Market By Geography, 2022-2028, 2023-2030
  • Largest
  • Fastest

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Global Mattress Market Dynamics

Mattress Market Driver

  • The global house development boom and increased consumer expenditure on bedding and home furnishings are what are fueling the industry's expansion. A separate room for each family member is required across all nations due to the rise in single-occupancy dwellings and nuclear families, which increases demand for the product. According to results from the National Bed Federation Survey released in March 2020, the percentage of survey participants who purchased the product increased from 24% to 32% over the previous six months. Additionally, it was anticipated that consumer expenditure on furniture and bedding items would total 119.8 billion US dollars in 2021, an increase of 5% from 2019.
  • Numerous people worldwide have been suffering from significant sleep deprivation and mental pain, most notably during the past two decades, as a result of rapidly evolving consumer lifestyles, hectic schedules, altered eating habits, and the tendency of staying up late. Customer sleep quality may be greatly improved by the quality of the products they utilize. For example, leading mattress manufacturer Serta has unveiled the Arctic cooling sleep system, which is their newest category-disrupting innovation. The Serta Arctic mattress feels up to five degrees cooler than the top cooling mattress thanks to its 15x stronger cooling power, and a whole range of accessories contributes to all-night cooling pleasure.

Mattress Market Restraint

  • A developing and quickly shifting competitive landscape, where internationally renowned and local companies compete primarily on the basis of product quality and durability, presents challenges to new and potential industry participants. One of the most important elements affecting customer purchasing decisions globally in retail stores and online marketplaces is a longer product lifespan. The product has a normal lifespan of seven to 10 years. This may cause a hindrance to the growth of the global mattress market during the forecast period.

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Global Mattress Market Competitive Landscape

The global mattress market is relatively fragmented, with a high level of competition. The prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. For example, prior to World Cancer Day on February 4 2022, the American Cancer Society (ACS) and Sleep Number Corporation (SNC) today announced a historic partnership to launch fundamental sleep research in order to develop the first-ever, cancer-specific sleep recommendations. In order to improve sleep outcomes for cancer patients and survivors, ACS will conduct research over the next six years using Sleep Number's exclusive sleep data and sleep experts to determine the effect of quality sleep on cancer prevention and recovery.

Top Players in the Global Mattress Market

  • Tempur Sealy International
  • Serta Simmons Bedding
  • Sealy Corporation
  • Sleep Number Corporation
  • Select Comfort Corporation
  • Kingsdown, Inc.
  • Corsicana Mattress Company
  • Restonic Mattress Corporation
  • Southerland, Inc.
  • Therapedic International
  • Spring Air International
  • Eclipse International
  • Symbol Mattress
  • Englander Sleep Products
  • Aireloom Mattress
  • Beautyrest
  • Stearns & Foster
  • Casper Sleep
  • Purple Innovation
  • Leesa Sleep

Mattress Market Recent Developments

  • In June 2022, At SLEEP 2022, the 36th annual conference of the Associated Professional Sleep Societies, LLC, which takes place from June 4–8 in Charlotte, NC, Sleep Number Corporation, the pioneer in sleep health, science, and research, will present fresh data from their 360 smart beds. Data was provided that included the findings of two studies: one measuring skin temperature using sensors that will be included in 360 smart beds, and the other measuring daytime alertness with Sleep Number's exclusive SleepIQ technology, which is built into every 360 smart beds.
  • In April 2022, one of the biggest sleep firms in North America, Serta Simmons Bedding, LLC (SSB), announced today that it will build a new 500,000-square-foot dual-branded manufacturing plant in Janesville, Wisconsin. The new factory will create industry-leading lines including Serta Perfect Sleeper, Serta Arctic, Beautyrest Harmony, and Beautyrest Black, among others, for both the Serta and Beautyrest brands.

Global Mattress Key Market Trends

  • Over the past ten years, customizable mattresses have become a major fashion trend. Customers who purchase these devices have access to a wide range of preset options, such as design, height, stiffness options, and toppings. To build a stronger brand name, leading industry players have recently launched cutting-edge goods. For example, Sheela Foam Ltd.'s Sleepwell, the top mattress brand in India, has introduced the Cocoon mattress, the first-ever Mattress in a Box (MIAB) option that lets customers select the comfort level of the mattress on their side of the bed. The mattress offers personalization possibilities, allowing users to change their comfort level by merely switching the top two foam layers from soft to the firm or vice versa.

Global Mattress Market SkyQuest Analysis

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 utilizing Primary Exploratory Research backed by the robust Secondary Desk research.

According to our Global Mattress Market Analysis, in terms of material, the spring/coil segment held the largest market share due to the users having a classic choice of spring/coil-based or innerspring goods. Metal springs are used in the manufacturing of these goods to add an additional layer of support and comfort. In the US, about 32% of individuals use a spring mattress to sleep. By size, the queen segment held the largest share in the global mattress market due to these items being frequently utilized in master bedrooms and providing enough area for two people. By application, the household segment held the largest market share because of the increasing number of programs by governments in many nations to supply affluent housing is driving up household goods demand. And by region, the North American region held the largest share in the global mattress market due to the presence of prominent players in the region.

Report Metric Details
Market size value in 2021 USD 39.4 billion
Market size value in 2030 USD 67.5 billion
Growth Rate 6.2%
Base year 2021
Forecast period 2023-2030
Forecast Unit (Value) USD Billion
Segments covered
  • Material
    • Spring/Coil, Foam, Latex, Others
  • Size
    • Queen, Twin, Full, Others
  • Application
    • Households, Hospitality Facilities, Healthcare Facilities, Others
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)
Companies covered
  • Tempur Sealy International
  • Serta Simmons Bedding
  • Sealy Corporation
  • Sleep Number Corporation
  • Select Comfort Corporation
  • Kingsdown, Inc.
  • Corsicana Mattress Company
  • Restonic Mattress Corporation
  • Southerland, Inc.
  • Therapedic International
  • Spring Air International
  • Eclipse International
  • Symbol Mattress
  • Englander Sleep Products
  • Aireloom Mattress
  • Beautyrest
  • Stearns & Foster
  • Casper Sleep
  • Purple Innovation
  • Leesa Sleep
Customization scope

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  • Region

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Mattress Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Mattress Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global 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 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.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Mattress Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Mattress Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

Global Mattress Market size was valued at USD 39.4 billion in 2021 and is poised to grow from USD 41.86 billion in 2022 to USD 67.5 billion by 2030, growing at a CAGR of 6.2% in the forecast period (2023-2030).

The global mattress market is relatively fragmented, with a high level of competition. The prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. For example, prior to World Cancer Day on February 4 2022, the American Cancer Society (ACS) and Sleep Number Corporation (SNC) today announced a historic partnership to launch fundamental sleep research in order to develop the first-ever, cancer-specific sleep recommendations. In order to improve sleep outcomes for cancer patients and survivors, ACS will conduct research over the next six years using Sleep Number's exclusive sleep data and sleep experts to determine the effect of quality sleep on cancer prevention and recovery. 'Tempur Sealy International', 'Serta Simmons Bedding', 'Sealy Corporation', 'Sleep Number Corporation', 'Select Comfort Corporation', 'Kingsdown, Inc.', 'Corsicana Mattress Company', 'Restonic Mattress Corporation', 'Southerland, Inc.', 'Therapedic International', 'Spring Air International', 'Eclipse International', 'Symbol Mattress', 'Englander Sleep Products', 'Aireloom Mattress', 'Beautyrest', 'Stearns & Foster', 'Casper Sleep', 'Purple Innovation', 'Leesa Sleep'

The global house development boom and increased consumer expenditure on bedding and home furnishings are what are fueling the industry's expansion. A separate room for each family member is required across all nations due to the rise in single-occupancy dwellings and nuclear families, which increases demand for the product. According to results from the National Bed Federation Survey released in March 2020, the percentage of survey participants who purchased the product increased from 24% to 32% over the previous six months. Additionally, it was anticipated that consumer expenditure on furniture and bedding items would total 119.8 billion US dollars in 2021, an increase of 5% from 2019.

Over the past ten years, customizable mattresses have become a major fashion trend. Customers who purchase these devices have access to a wide range of preset options, such as design, height, stiffness options, and toppings. To build a stronger brand name, leading industry players have recently launched cutting-edge goods. For example, Sheela Foam Ltd.'s Sleepwell, the top mattress brand in India, has introduced the Cocoon mattress, the first-ever Mattress in a Box (MIAB) option that lets customers select the comfort level of the mattress on their side of the bed. The mattress offers personalization possibilities, allowing users to change their comfort level by merely switching the top two foam layers from soft to the firm or vice versa.

In 2021, North America became the region in the global mattress market with the greatest prominence. The North American market, which is headed by the United States, is distinguished by a considerable customer predilection for luxury and high-end goods. Several studies indicate that if the current mattress does not provide the desired level of comfort, the typical North American consumer typically purchases a new one. According to data, the United States sells about 35.9 million mattresses each year. Many firms have concentrated on releasing new items across distribution channels in order to enhance their market share.

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Global Mattress Market

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