NEW YORK, August 13, 2015 /PRNewswire/ --
The global mattress market is expected to increase from $23,397.9 million in 2014 to reach $33,437.0 million in 2020, growing at a CAGR of 6.3%. The global mattresses market is mainly driven by increasing population, which is leading to increasing rate of home ownership. Migration of consumers from rural to urban areas is an important driver of housing demand globally, mainly in emerging Middle East and Asia-Pacific regions, where the youth consumers among the population is laying severe pressure on housing supply. The Asia-Pacific mattress market is expected to witness the fastest CAGR of 10.7% during 2015 - 2020. Ageing population is set to accelerate in many countries due to fertility rates going below replacement levels. The fact is expected to have a long term effect on the nature of demand for housing and on associated markets, such as the mattress market.
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The growing home ownership rate as a result of increasing population and rising numbers of nuclear families has been increasing demand for the mattress market globally. The increasing migration of people from rural to urban areas, mainly in the Middle East and Asia-Pacific regions, is also propelling the demand for mattresses. Consumers are becoming gradually selective with what marketing content they chose to consume according to their preferences. Consumer's preference towards customized mattresses is one of the major trends seen in the mattresses market and it is supporting the mattresses market to some extent to grow at a considerable rate.
The information and data in the publication "Global Mattress Market Size, Share, Development, Growth and Demand Forecast to 2020" represent the research and analysis of data from various primary and secondary sources. Bottom-up approach has been used to calculate the global mattress market by product. The market numbers for countries are obtained through top-down approach. P&S Market Research analysts and consultants interact with leading companies of the concerned domain to substantiate every single data presented in this report. We base our primary research on discussions with prominent professionals and analysts in the industry, aided by informed and detailed online and offline research.
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Targeting potential buyers with customized and relevant content is becoming essential for the mattresses retailers. Based on consumer needs, consumers are categorized as sleep sufferers, mattress involveds, healthy and content, brand selectors, and apathetics. Sleep sufferer consumers are unable to get a good sleep and experience various sleeping problems. While healthy and content category includes consumers generally older than 60 years of age with least chances of having children, less than 18 years of age, living in their house.
The growing health concern of consumers has been propelling the demand for daily-use products such as mattresses. With the rising disposable income, the consumers are willing to pay extra amount for health enhancing products. The increasing busy schedules of people are inducing mental tiredness in them, making sound sleep a compulsion. The sleep quality has been becoming important in the developed countries leading to their increasing adoption of premium mattresses. On the other hand, their Asian counterparts are increasing mattress budget to use technologically advanced mattress as compared to their traditional cotton-filler mattresses. These factors are emerging as an opportunity for the mattress market manufacturers.
The major companies operating in the global mattress market include Tempur Sealy International, Inc., Spring Air International Inc. LLC, Simmons Bedding Company LLC, Select Comfort Corporation, Kinsdown, Inc., Reylon Beds, Southerland Bedding, and Corsicana Bedding, Inc.
MATTRESS MARKET SEGMENTATION
Mattress by Product
- Innerspring Mattress
- Memory Foam Mattress
- Latex Mattress
Mattress Market by Region
- North America
- The U.S.
- Rest of North America
- The U.K.
- Rest of Europe
- Asia Pacific
- Greater China
- New Zealand
- Rest of Asia Pacific
- Rest of the World (ROW)
- Latin America
- Rest of Latin America
- Central America
- Rest of Central America
- The Andean Region
- Rest of The Andean Region
- Others (Including Middle East and Africa)
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