The global mattress market is a progressive one on the back of revival of the global economy post the economic slump of 2008. Following this, developed countries are witnessing a surge in home ownership leading to increased sale of home furnishings such as mattresses and bed linen.
Albany, NY -- (SBWIRE) -- 05/16/2018 -- Presently, rising disposable incomes in emerging economies have become a key factor for spending on premium mattresses that offer excellent comfort and sound sleep. A comprehensive study, titled "Mattress Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2024" has been broadcasted to the wide repository of Market Research Hub (MRH), which highlights a complete outlook on global mattress market's evolution throughout the above-mentioned forecast period in terms of revenue (in US$ Mn). In addition, the study also briefs the reader on the impact of the recent market trends on the mattress industry in the global market. Moreover, the research analyses market expansion in major regions such as North America, Asia Pacific, Europe, and Rest of the World.
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- This report offers in-depth analysis, insights, and forecast on the basis of various segments in the mattresses market. The detailed segment-wise analysis helps readers in understanding the scope of the market. As per the active research evaluations, the global mattress market will rise at a CAGR of 6.5% for the forecast period between 2017 and 2024 to reach a valuation of US$43.43 bn by the end of 2024. The market was evaluated to be worth US$27.87 bn in 2017.
- Globally, the growth of the hospitality sector worldwide is also helping to boost the growth of mattress market. The research study has observed that in developing economies, growth of the construction sector to serve residential needs is indirectly boosting the mattress market.
- Considering various facts about the market, analysts have studied that the Asia Pacific is currently the leading regional market for mattress; the region is anticipated to display promising growth in the coming years too. Rising number of affluent households in emergent economies of the region which spend abundantly on premium home furnishings is advancing the mattress market.
- As mentioned earlier, the market has been broadly categorized into major segments, which include product type and mattress size. By product type, it covers Memory Foam, Latex Mattresses, Hybrid, Water Bed Mattress, Gel-filled Mattress, Air-filled Mattress and Innerspring. Of these, innerspring mattress product type held the leading share in 2015 and going forward the segment is expected to progress at a noteworthy CAGR in future. In terms of size, twin, twin XL, queen, double size, and king size are the segments into which the mattress market is divided. Among them, queen size mattress displays the leading demand.
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In the end, the report also includes a detailed competitive landscape that profiles the business and product strategies of some of the leading companies in the market. At present, key companies currently operating in the global mattress market include Select Comfort, Tempur-Pedic International Inc, Sealy Corporation, Kingsdown Inc., Serta Inc., KING KOIL Inc., Simmons Bedding Company LLC, Spring Air Company, Southerland Bedding Co., and Paramount Bed Holdings Co. Ltd.
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