The global mattress market is currently experiencing a strong growth. A mattress is a large rectangular 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, such as futons. Memory foam, gel, innerspring, waterbed, airbed, latex and adjustable base variants are the most common types of mattresses available in the market. They are usually available in the standard king, queen and double bed sizes, and their lifespan depends upon the materials used for the manufacturing, quality of maintenance and rigorousness of use.
The market is primarily being driven by the rapid growth in real estate and healthcare sectors across the globe. Owing to the increasing construction of residential complexes, there is a significant rise in the demand for various home furnishings, such as mattresses, pillowcases and bed linens. Furthermore, growing instances of back and posture-related problems caused by uncomfortable sleeping surfaces is also providing a boost to the market growth. Consequently, there is widespread adoption of airbeds, waterbeds and foam-based mattresses that offer superior comfort through even distribution of pressure and body weight, thus allowing the spine to relax while sleeping. Additionally, product innovations, such as the introduction of organic and customizable mattresses, are acting as another growth-inducing factor. Manufacturers are utilizing natural and environment-friendly raw materials, including wool, natural latex and organic cotton for the production of mattresses that are free from chemically processed components. Other factors, including rapid urbanization and aggressive promotional activities by manufacturers, along with the development of the online retail channels, are projected to drive the market further. Looking forward, IMARC Group expects the market to exhibit a CAGR of around 6% during 2020-2025.
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The competitive landscape of the industry has also been examined with some of the key players being Kingsdown Inc., Kurlon Enterprise Ltd., Leggett & Platt, Paramount Bed Co. Ltd., Sealy Corporation, Serta Inc., Simmons Bedding Company LLC, Sleep Number, Southerland Inc., Spring Air, Tempur-Pedic, etc.
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