Mattress Market Share, Size, Trends, Industry Analysis Report, By Type (Innerspring, Foam, Hybrid, and Others); By Size; By End-Use; By Distribution Channel; By Region; Segment Forecast, 2023- 2032
- Published Date:Jun-2023
- Pages: 115
- Format: PDF
- Report ID: PM3317
- Base Year: 2022
- Historical Data: 2019-2021
Report Summary
The global mattress market was valued at USD 41.31 billion in 2022 and is expected to grow at a CAGR of 6.3% during the forecast period. Rising demand for the product from the real estate sector, mainly to meet the growing needs of the residential segment and extensive growth of the e-commerce platforms that have led to increased demand and adoption of mattresses, pillowcases, and bed linen products are major factors expected to drive the global market growth. Moreover, the change in consumer willingness to pay for their sleep solutions and the continuous rise in the focus on developing more comfortable and featured products by key manufacturers across the globe are further anticipated to fuel the market's growth.
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For instance, in June 2022, Century Mattress announced the launch of its new sleepable bed, which will be available in 6 & 8-inch variants. The product consists of a core of contour foam that ensures better circulation and provide improved temperature control.
The growing popularity of hybrid mattresses across the globe due to the presence of a comfort layer on the lop and layered with springs that contain cooling gel, latex polyfoam, and memory foam has fueled the demand and adoption across both the residential and commercial sectors. The outbreak of the COVID-19 pandemic has significantly impacted the growth of the mattress market. The unprecedented pandemic has forced countries to impose various regulations, including lockdowns and trade restrictions, that resulted in the temporary closure of many manufacturing facilities and high disruptions in the supply chain. Moreover, new construction and renovation activities were also halted during the pandemic, which declined the sales of mattresses worldwide.
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Industry Dynamics
Growth Drivers
The increasing occurrence of lifestyle inflation, especially among the young generations, and surging expenditure on well-being and comfort with rising incomes across high-middle-income countries are key factors influencing the global mattress market growth. In addition, the rise in the worldwide population and the prevalence of various types of multifunctional beds are further propelling demand and market growth. Furthermore, changes in consumer interest in healthy and hygienic sleep have been growing significantly in recent years, which has created high demand for mattresses made up of components like spring coils, polyethylene foam, latex layers, and thermal, which is likely to foster the product demand and create immense opportunities for the market.
Report Segmentation
The market is primarily segmented based on type, size, end-use, distribution channel, and region.
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By Type |
By Size |
By End-Use |
By Distribution Channel |
By Region |
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Foam segment accounted for largest market share in 2022
The foam segment accounted for the largest market share and is expected to expand further in the coming years because of its numerous benefits, including proper spine alignment, pressure point relief, and better resistance to allergens and dust mites. Moreover, these mattresses are easily compatible with various bed designs, making them a preferred choice among consumers worldwide, fueling the demand and growth of the segment market.
The hybrid segment is expected to grow at the highest growth rate during the anticipated period, which is highly attributable to a unique combination of pocket coil mattresses & memory foam for better and improved joint support for all sorts of sleeping positions. Apart from this, hybrid mattresses have the advantages of airflow provided by the frame cooling properties with various phase change materials to help regulate the body temperature, propelling the segment market growth worldwide.
King size mattress segment is expected to witness highest growth during forecast period
The king-size mattress segment is expected to grow at the highest CAGR over the projected period. The growth of the segment market can be largely attributed to its increased prevalence or popularity among families with children, as it is a huge mattress that can easily fit two or three individuals. Additionally, the increasing adoption of king-size mattresses among people who like more space to sleep in is likely to fuel the demand for the product at a rapid pace.
The queen size segment led the industry market with significant revenue share in 2022, mainly driven by the ability to fit comfortably in most bedrooms and the availability of various accessories and linens in this size, making it highly preferable among many consumers. For instance, according to a survey by Bedbuyer Pty., about 61% of Australian adults sleep on a queen-size bed, followed by king and double-size beds.
Household segment dominated the global market in 2022
The household segment dominated the global market in 2022 with a healthy market share and is expected to maintain its dominance throughout the forecast period. The increasing consumer purchasing power and rising consumer awareness regarding the numerous benefits of sleeping on a mattress on the body, along with the introduction of various new products aimed at specific consumer bases with advanced features and characteristics across the globe, are among the primary factors driving the market growth.
For instance, in April 2022, Skyfoam Mattress announced the launch of its new mattress, which is specially designed for people aged 50 years or above. The mattress is crafted while considering the several sleep-related problems older people face.
The commercial segment is expected to account for substantial market growth over the coming years due to the extensively growing tourism sector and higher developments in healthcare centers to easily accommodate the maximum number of patients across both developed and developing economies.
Offline segment held the significant market revenue share in 2022
The offline segment held a significant market revenue share in 2022, which is mainly accelerated by the easy availability of a variety of mattresses in physical stores like supermarkets and specialty stores coupled with high preference among consumers towards offline shopping due to the access to checking the original product from their hands and check the quality, and can also bargain for the price.
Moreover, the online segment is projected to exhibit the fastest growth during the anticipated period. The rapidly growing proliferation of smartphones and the continuous rise in the number of online shoppers due to their wide range of beneficial features, including access to multiple international or domestic brands in a single place can compare prices from different platforms, and low operational costs of e-commerce platforms as compared to physical stores, are among the key factors influencing the market growth.
Asia Pacific region accounted for the majority market share in 2022
The Asia Pacific region accounted for the majority of market share in 2022, with a holding of significant market share, and is likely to continue to expand further throughout the projected period. The regional market growth can be attributed to exponential growth in the textile sector in countries like India, China, and Japan and rapidly surging housing units coupled with the presence of a large consumer base and their continuous shift towards a better and improved lifestyle.
North American region is expected to witness considerable growth over the forecast period due to the rise in consumer spending capacity on their well-being and high awareness regarding the availability and benefits of mattresses, especially among major countries like the United States and Canada. Furthermore, the increasing government favorable initiatives like providing financial assistance to first-time home buyers and home improvement projects undertaken by consumers in the region are further propelling the demand and growth.
Competitive Insight
Some of the major players operating in the global mattress market include Spring Air International, Serta Simmons Bedding, Sleep Number Corporation, Kingsdown, Southerland Sleep, Boll & Branch, Casper Sleep, Tempur Sealy International, Paramount Bed Holdings, Sheela Foam, American National Manufacturing, Greiner AG, Grupo Pikolin, King Koil Mattress, and Reylon Beds.
Recent Developments
- In October 2022, Maxim Mattress announced the launch of its new Augmented Reality Showroom for dealers to showcase the expert craftsmanship of their luxury mattresses. The newly launched showroom will use Apple’s AR kit to allow the dealers to preview their new mattresses in-store, which will help them to show exactly how the new mattress model will look.
- In June 2021, SleepX introduced its ‘SleepX Pride Mattress”, made of gel beads that give the body a cooling feel. The newly developed mattress is good for back pain, along with the Orthopaedic technology that easily adjusts according to the back & spine shape.
Mattress Market Report Scope
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Report Attributes |
Details |
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Market size value in 2023 |
USD 43.85 billion |
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Revenue forecast in 2032 |
USD 76.31 billion |
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CAGR |
6.3% from 2023– 2032 |
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Base year |
2022 |
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Historical data |
2019– 2021 |
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Forecast period |
2023 –2032 |
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Quantitative units |
Revenue in USD billion and CAGR from 2023 to 2032 |
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Segments covered |
By Type, By Size, By End-Use, By Distribution Channel, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
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Key companies |
Spring Air International, Serta Simmons Bedding LLC, Sleep Number Corporation, Kingsdown Inc., Southerland Sleep, Boll & Branch, Casper Sleep Inc., Tempur Sealy International Inc., Paramount Bed Holdings Co. Ltd., Sheela Foam Ltd., American National Manufacturing, Greiner AG, Grupo Pikolin, King Koil Mattress Co., and Reylon Beds Limited. |
FAQ's
The mattress market report covering key segments are type, size, end-use, distribution channel, and region.
Mattress Market Size Worth $76.31 Billion By 2032.
The global mattress market expected to grow at a CAGR of 6.3% during the forecast period.
Asia Pacific is leading the global market.
key driving factors in mattress market are shifting interest toward healthy and hygienic sleep.
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