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At CAGR of 4.5% Global Mattress Market Size & Share 2022 - 2028 | Projected to Hit at USD 40129.4 Million: Industry Trends, Demand, Value, Analysis & Forecast Report by Zion Market Research

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Zion Market Research

25 May, 2022, 15:30 GMT

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NEW YORK, May 25, 2022 /PRNewswire/ -- As per Zion Market Research study, The global Mattress Market was worth around USD 30815.2 million in 2021 and is estimated to grow to about USD 40129.4 million by 2028, with a compound annual growth rate (CAGR) of approximately 4.5 percent over the forecast period. The report analyzes the digital remittance market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the digital remittance market.

Key Industry Insights & Finding of the Mattress Market Reports:

  • As per the analysis shared by our research analyst, the Mattress Market is expected to grow annually at a CAGR of around 4.5 % (2022-2028).
  • Through the primary research, it was established that the Mattress Market was valued approximately USD 30815.2 Million in 2021 and is projected to reach to roughly USD 40129.4 Million by 2028.
  • Asia Pacific, with two highly populated countries, China and India, is the most lucrative market for the sales of mattresses and is expected to dominate the global market over the forecast period.
  • High population and disposable income are projected to drive the global market in developing countries of APAC and Latin America such as India, Brazil, and South Africa.
  • The European market is expected to witness significant growth in the coming years owing to an increasing consumer shift towards large houses and a growing preference for multiple bedrooms in the house.

Zion Market Research published the latest report titled as  "Global Mattress By Product Outlook (Innerspring, Latex, Memory Foam, and Others), By Application (Domestic and Commercial), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 – 2028." into their research database.

Mattress Market: Overview

A mattress is a large four-sided pad filled with cotton, foam rubber, or an arrangement of coiled springs. It can also be filled with water, air, or a variety of natural fibers. It plays an important role in giving the correct support and comfort to the body, keeping the spine in a neutral position, and easing sleep. It helps to achieve adequate, quality nighttime sleep and promotes good form and posture. It also helps to keep your mental health and emotional health in check. Due to its adverse health benefits, rising demand from the real estate sector to serve the residential needs has led to an increase in the sale of home furnishings such as mattresses, pillowcases, and bed linen thus, thereby supplementing the demand for the product. Increased occurrences of back problems caused by uncomfortable sleeping surfaces are likely to play a vital role in the growth of specialty mattresses such as airbed, waterbed, and foam-based mattresses.

Growing residential units and improved standard of living have created a demand for mattresses all over the country. Additionally, every new hotel requires hundreds of beds and mattresses, and this particular industry appears to be thriving, owing to growth in the construction, real estate, tourism, and hospitality sectors.

Get a Free Sample Report with All Related Graphs & Charts (with COVID 19 Impact Analysis): https://www.zionmarketresearch.com/sample/mattress-market

Our Free Sample Report Includes:

  • 2022 Updated Report Introduction, Overview, and In-depth industry analysis
  • COVID-19 Pandemic Outbreak Impact Analysis Included
  • 190 + Pages Research Report (Inclusion of Updated Research)
  • Provide Chapter-wise guidance on Request
  • 2022 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
  • Includes Updated List of tables & figures
  • Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis
  • Zion Market Research methodology

Industry Dynamics:

Mattress Market: Growth Dynamics

Drivers: Increasing construction of residential complexes and growing instances of back and posture-related problems.

The desire for home renovation and interior design is a huge driver of the global mattress market. People are renovating their living spaces to make them healthier and more functional. As the Market introduces new types of mattresses, people prefer switching up their mattresses with time. Also, people becoming more health-conscious are keen on taking care of their back problems and investing in good mattresses for their posture-related problems. These factors are fueling the growth of the global mattress market.

Restraints: Fluctuations in raw material prices.

The sourcing of raw materials for the manufacturing of mattresses is a restraint. Mattress producers do not easily source the raw materials to produce mattresses. While large-scale manufacturers can easily source the materials, small-scale manufacturers often fail to get hold of high-quality raw materials for mattress making. This, eventually, hampers equal opportunities for growth within the global market.

Directly Purchase a Copy of the Report @ https://www.zionmarketresearch.com/buynow/su/mattress-market

Global Mattress Market: Segmentation

  • The global Mattress market is segregated based on product outlook and application.

By product outlook, the global market is distinguished into Innerspring, Latex, Memory Foam, and Others. Out of these bifurcations, the innerspring will dominate by demand and Market share. as these types of mattresses are highly durable with a long lifetime and offer good ventilation. Innerspring mattresses are not only comfortable for sleeping but also budget-friendly since they are usually made of low-cost material, which makes them highly affordable for price-sensitive markets like India. Therefore, they are popular among middle and lower-income groups.

By applications, application, the global market is bifurcated into Domestic and Commercial. The commercial sector includes hotels, lodges, and hospitals, where beds are used regularly. However, the residential segment will get a boost in mattress purchases as disposable incomes grow over time. The sale of mattresses to the commercial segment had taken a hit during the pandemic, and it will revive in the future.

Get More Insight before Buying@ : https://www.zionmarketresearch.com/inquiry/mattress-market

List of Key Players of Mattress Market:

  • Avon Marine
  • Azimut Benetti S.p.A.
  • Baja Marine
  • Bavaria Yachtbau GmbH
  • Bombardier Recreational Products (BRP) Inc.
  • Brunswick Corporation
  • Farr Yacht Design, Ltd.
  • Groupe Beneteau.

Key questions answered in this report:

  • What are the growth rate forecast and market size for Mattress Market?
  • What are the key driving factors propelling the Mattress Market forward?
  • What are the most important companies in the Mattress Market Industry?
  • What segments does the Mattress Market cover?

·  How can I receive a free copy of the Mattress Market sample report and company profiles?

Report Scope:

Report Attribute

Details

Market size value in 2021

USD 30815.2 Million

Revenue forecast in 2028

USD 40129.4 Million

Growth Rate

CAGR of almost 4.5 % 2022-2028

Base Year

2020

Historic Years

2016 - 2021

Forecast Years

2022 - 2028

Segments Covered

By Product Type, By Application, and By End Use

Forecast Units

Value (USD Million), and Volume (Units)

Quantitative Units

Revenue in USD million/billion and CAGR from 2022 to 2028

Regions Covered

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World

Countries Covered

U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others

Companies Covered

Avon Marine; Azimut Benetti S.p.A.; Baja Marine; Bavaria Yachtbau GmbH; Bombardier Recreational Products (BRP) Inc.; Brunswick Corporation; Farr Yacht Design, Ltd.; and Groupe Beneteau.

Report Coverage

Market growth drivers, restraints, opportunities, Porter's five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.

Customization Scope

Avail customized purchase options to meet your exact research needs.  

https://www.zionmarketresearch.com/custom/1934

 Free Brochure: https://www.zionmarketresearch.com/requestbrochure/mattress-market

Recent Developments:

  • In March 2022, Duvalay claims the solution to nighttime overheating and sleep sweats with its freshtec cooling mattress topper. The topper fits over your existing mattress and functions as a second, much thinner mattress on which you can sleep. The Duvalay freshtec is made of foam, but it is designed to combat some foam mattresses' impact of reflecting heat to you as you sleep. The Duvalay freshtec has a cell structure that allows for free air circulation.
  • In April 2018, Kingsdown Inc. declared its merger with Owen & Company, a manufacturer of handcrafted luxury mattresses, working in Canada under the Kingsdown brand. This merger is supported by Novacap, a Canadian private equity firm.
  • Kurlon Enterprise Limited introduced the Kurlopedic technology, which is helpful in making the mattress better and more durable. It provides uniform space and good back support and comfort throughout the night.

Regional Dominance:

·  Increasing consumer shift.

The Asia Pacific, with two highly populated countries, China and India, is the most lucrative market for the sales of mattresses and is expected to dominate the global market over the forecast period. High population and disposable income are projected to drive the global market in developing countries of APAC and Latin America such as India, Brazil, and South Africa. Followed by it, North America has the largest market value in the mattress market. The European market is expected to witness significant growth in the coming years owing to an increasing consumer shift towards large houses and a growing preference for multiple bedrooms in the house. Demand for mattresses in the healthcare industry is growing in nursing homes, clinics, and hospitals.

Global Mattress Market is segmented as follows:

Mattress Market: By Product device Outlook (2022-2028)

  • Innerspring
  • Latex
  • Memory Foam
  • Others

Mattress Market: By Application Outlook (2022-2028)

  • Domestic
  • Commercial

Mattress Market: By Region Outlook (2022-2028)

North America

  • The U.S.
  • Canada

Europe

  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East & Africa

  • GCC
  • South Africa
  • Rest of Middle East & Africa

Press Release For Mattress Market: https://www.zionmarketresearch.com/news/global-mattress-market

Browse Other Related Research Reports from Zion Market Research

  • U.S. Staple Gun Market - Global Industry Analysis: The U.S. Staple Gun Market accounted for USD 108.80 Million in 2020 and is expected to reach USD 135.42 Million in 2028 growing at a CAGR of 2.8% between 2021 and 2028.
  • Pet Beds Market - Global Industry Analysis: The Pet Beds market is set for a rapid growth over the forecast period. In terms of revenue, the global Pet Beds market accounted for USD 710.56 Million in 2019 and is expected to reach USD 1041.38 Million by 2026, growing at a CAGR of 5.61%.
  • Outdoor Furniture Market - Global Industry Analysis: The global Outdoor Furniture Market accrued earnings worth approximately 15.3 (USD Billion) in 2020 and is predicted to gain revenue of about 25.1(USD Billion) by 2028, is set to record a CAGR of nearly 6.1% over the period from 2021 to 2028.

Browse through Zion Market Research's coverage of the Global Consumer Goods Industry

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Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client's needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

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