According to Persistence Market Research’s analysis of the mattress business, the global mattress market is expanding steadily, with global revenue expected to increase by 6% Year-on-Year (Y-o-Y) in 2021.
The global mattress market is expected to grow over the next 10 years at a CAGR of roughly 7% and reach US$ 39 billion, primarily due to the growing popularity of personalised mattresses. With a predicted growth rate of over 11% CAGR until 2031, East Asia is expected to be a lucrative market for mattress producers. Overall, sales of mattresses make up about 15% of the market for bedding products worldwide.
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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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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 Industry Research
By Product Type
- Foam Mattresses
- Hybrid Mattresses
- Innerspring Mattresses
- Latex Mattresses
- Twin and Single Size Mattresses
- Twin XL Size Mattresses
- Full or Double Size Mattresses
- Queen Size Mattresses
- King Size Mattresses
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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