Mattress market Trends, Business Opportunities, Challenges, Size, Share, Growth Insights to 2026

 The global mattress market size is expected to reach USD 40.37 billion by 2027, exhibiting a CAGR of 4.2% during the forecast period. The increasing concentration towards online sales channel to improve sales will create lucrative business opportunities for the market, states Fortune Business Insights, in a report, titled “Mattress Market Size, Share & COVID-19 Impact Analysis, By Material (Spring/Coil, Foam, Latex, and Others), Size (Queen, Twin, Full, and Others), Application (Household, Healthcare, Hospitality, and Others), and Regional Forecast, 2020-2027.” The market size stood at USD 30.38 billion in 2019.

The whole world is battling with the novel coronavirus, leaving numerous industries distraught. The authorities of several countries have initiated lockdown to prevent the spread of this deadly virus. Such plans have caused disturbances in the production and supply chain. But, with time and resolution, we will be able to combat this stern time and get back to normality. Our well-revised reports will help companies to receive in-depth information about the present scenario of every market so that you can adopt the necessary strategies accordingly.

List of Key Players Operating in the Market:

• Relyon Limited
• Simmons Bedding Company LLC
• Spring Air International
• Kingsdown Inc.
• McRoskey Mattress Company
• Corsicana Mattress Company
• Tempur Sealy International Inc.
• Among others

Increasing Number of Housing Units to Support Development

The growing number of residential housing coupled with an increasing population will bolster the healthy growth of the market. As per the Housing Statistical Release of 4 July 2019, in England, completions of new houses totaled 169,770 till March Quarter 2019, which increased by 6% as compared to the same period in the previous year. The heavy demand for daily use products including various home furnishing items is expected to enable speedy expansion of the market.

Moreover, the trend for luxurious home décor is expected to foster the healthy growth of the market. Likewise, the demand for kids beds can have an excellent effect on the market. For instance, SleepIQ Kids k2 bed is equipped with the company’s DualAir adjustability along with SleepIQ technology that allows the k2 bed to easily adjust to a child’s growth allowing the child to sleep comfortably.

Browse Complete Report Summary: https://www.fortunebusinessinsights.com/mattress-market-102108

Flourishing Tourism Industry to Propel Market

The market in North America is expected to experience a rapid growth rate during the forecast period owing to the higher demand for high-value and luxury products. The booming tourism industry has subsequently increased the prospects of lodging facilities and thereby fostered the growth of the market. The growing demand for single-sized beds and mattresses for kids and adults will enable speedy expansion of the market in the region. As per the U.S. International Trade Commission’s Publication 4842 of November 2018, in the U.S. apparent consumption of mattresses in 2017 was 16.3% greater as compared to 2015.

Surging Demand in Healthcare Sector to Intensify Market During Coronavirus

The growing need for beds in hospitals and healthcare facilities has accelerated the bedding products industry during the pandemic. For instance, in April 2020, Kingsdown announced to expand its operations in response to the escalating demand for treatment & recovery beds owing to the rising number of COVID-19 cases. Moreover, the growing focus of companies towards medical-grade mattresses for hospitals will simultaneously uplift the market. The company announced to transform three of its mattress-production lines for health care facilities and treatment centers. Besides, the fast-moving company’s Care Xpress program can promote the growth of the market amid COVID-19. Drivers and Restraints:

Increasing Adoption of Organic Mattress to Surge Demand

Poor sleeping habits give rise to several issues such as heightened stress, and disturbed sleep. Several studies are testimony to fact that a good mattress supplements better sleep pattern and helps in relieving stress largely. With rising concerns of pollution, shifting consumer demands for pollution-free products will drive the growth of the market during the forecast period. For instance, organic mattresses are finding popularity among the people since they are devoid of any harmful chemicals and are manufactured using natural elements. Moreover, they provide comfort during harsh summers and chilly winters making them perfect across sectors promoting eco-friendly products.

Regional Analysis:

Increasing Start-ups in Asia-Pacific to Drive Promising Growth

Among the regions, Asia-Pacific will witness significant growth and will be at the forefront during the forecast period. This is ascribable to factors such as increasing population, rising per-capita income, and growing internet-users. Additionally, increasing trend for hotel booking facilitated by the rise of start-ups such as Fab Hotels, and OYO Rooms will contribute to the growth of the market in Asia-Pacific in the forthcoming years. Europe, on the other hand, will witness a surge in demand and hold high market share during the projected horizon. This is attributable to factors such as people shifting towards large houses comprising of multiple bedrooms. In addition to this, rise in the hospitality and healthcare sectors in countries such as UK, Germany, and France will drive the demand for the market in Europe during the forecast period.