Global Mattress Market 2018-2021
- Mar 26, 2018 -

This industry research report identifies Kingsdown, Select Comfort, Serta, SPRING AIR International, and Tempur Sealy International as the key vendors in the global mattress market. This industry research report also presents a competitive analysis of the market by product (innerspring, memory foam, latex, and others), by retail formats (mattress specialty retailers, furniture retailers, department stores, and others), and by geography (APAC, Europe, North America, and ROW).

Overview of the global mattress market

Market research analysts at Technavio predict that the global mattress market will grow steadily during the next four years and post a CAGR of almost 7% by 2021. This market research analysis identifies the growth of the healthcare and hospitality industries as one of the primary growth factors for this market. The growing prevalence of chronic diseases, rise in aging population, and the increase in healthcare spending are driving the growth of the healthcare industry, especially in countries in APAC and Europe. This in turn, will result in the increased demand for mattresses from hospitals and nursing homes and will induce vendors to offer premium mattresses and beds that are connected to electronic devices and can be adjusted to suit the comfort of the user. Additionally, the rising number of hotels and related establishments in countries in Western Europe will also drive the demand for mattresses, consequently aiding market growth.

This market research and analysis estimates that in terms of geographical regions, APAC will be the major revenue contributor to the market throughout the predicted period. The rise in urbanization that demands the need for high-end mattresses from households will be the major factor driving market growth in this region. Analysts predict that during the next few years, the demand for mattresses will mainly arise from the countries such as China, Japan, and India.

Competitive landscape and key vendors

Characterized by the presence of both major vendors and private mattress manufacturers across the world, this market is highly competitive. Vendors mainly compete on the basis of factors such as product quality, expansion of the existing product line, consumer credit programs, and level of inventory. The market shares of vendors mainly depends on the continuous improvement and expansion of product lines which demands the need to increase their R&D investments and develop innovative products.

The leading vendors in the market are -

  • Kingsdown

  • Select Comfort

  • Serta

  • SPRING AIR International

  • Tempur Sealy International

The other prominent vendors in the market are Corsicana Bedding, Hästens Sängar, Leggett & Platt, McRoskey Mattress, Relyon Beds, Restonic Mattress, and Southerland Bedding.

Segmentation by product type and analysis of the mattress market

  • Innerspring mattress

  • Memory foam mattress

  • Latex mattress

During 2016, the innerspring mattress segment accounted for the major shares and dominated this market. These are the most traditional type of mattresses and are popular among the consumers due to factors such as easily availability, affordability, and availability in a variety of firmness and comfort levels.