The global mattress market is witnessing steady growth with worldwide revenue up 6% Year-on-Year (Y-o-Y) in 2021, as per the mattress industry analysis done by Persistence Market Research. Sales of mattresses across the world are set to increase over the next ten years at a CAGR of around 7% and be valued at US$ 39 Bn, mainly backed by rising popularity of custom mattresses. East Asia is predicted to be a lucrative market for mattress manufacturers, surging at over 11% CAGR through 2031. All in all, mattress sales account for around 15% share in the global bedding products market.
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Will Rise of e-Commerce Platforms Provide Growth Opportunities for Mattress Suppliers?
More consumers are expected to purchase mattresses and mattress components through online sales channels, thereby boosting the online mattress market size. Customers will have a variety of options for customising mattresses to their specific needs and interests.
Furthermore, increased availability and sales of various mattresses have resulted from the growing popularity of online purchasing, as consumer trust Internet purchases due to speedier shipping services, price comparison, and availability of varied mattress offerings.
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Competition Landscape
Players operating in the market are finding new ways to introduce their products across regions. These measures and efforts are being undertaken due to rising competition. Well-established mattress manufacturers are taking a hard look at their marketing strategies. Strategic alliances and product innovation are having a strong influence on market growth.
Forging new strategic relations with key market players or suppliers to achieve major market presence will be an ongoing trend in this space.
Key Segments Covered in Mattress Market
By Product Type
- Foam Mattresses
- Hybrid Mattresses
- Innerspring Mattresses
- Latex Mattresses
- Others
By Size
- Twin and Single Size Mattresses
- Twin XL Size Mattresses
- Full or Double Size Mattresses
- Queen Size Mattresses
- King Size Mattresses
- Others
By Sales Channel
- Mattress Sold at Hypermarkets/Supermarkets
- Mattress Sold by Direct Sales
- Mattress Sold by Wholesalers/ Distributors
- Mattress Sold at Specialty Mattress Stores
- Mattress Sold by Online Retailers
- Other Sales Channels
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