Mattress Market

Global Mattress Market:

The global mattress market size reached US$ 38.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 64.7 Billion by 2032, exhibiting a growth rate (CAGR) of 5.77% during 2024-2032. The increasing sales of home furnishing products, along with the rising number of inns, guest houses, hotels, and motels, are bolstering the global market.

Mattress Market Analysis:

• Major Market Drivers: The growing consumer awareness towards the importance of quality sleep and its impact on overall health and well-being is one of the key drivers bolstering the market. Moreover, changing consumer lifestyles, along with the escalating demand for personalized and luxurious sleeping experiences, are also acting as significant growth-inducing factors.
• Key Market Trends: Several innovations in mattress designs, including incorporating latex, memory foam, and hybrid materials that provide optimal support and alleviate pressure points, are positively influencing the market. Additionally, the introduction of product variants made from natural, organic, and recyclable materials is further bolstering the market.
• Competitive Landscape:  Some of the prominent players in the global market include Kingsdown Inc., Kurlon Enterprise Ltd., Leggett & Platt Incorporated, Paramount Bed Co. Ltd., Tempur Sealy International, Serta Inc., Simmons Bedding Company LLC, Sleep Number Corporation, Southerland Inc., and Spring Air International, among many others.
• Geographical Trends: Asia Pacific exhibits a clear dominance in the market, owing to the easy accessibility via e-commerce brands. Furthermore, the inflating lifestyle standards of individuals living in the region are contributing to the market.
• Challenges and Opportunities: One of the primary challenges hindering the market is the rising consumer concerns over the durability and comfort of mattresses. However, key players are focusing on using innovative materials and offering extended warranties to build customer trust and satisfaction, which will continue to stimulate the market in the coming years.
   

Mattress Market Trends:

Emphasis on Sustainable Materials

Increasing consumer environmental awareness is encouraging manufacturers to incorporate eco-friendly materials. For instance, in June 2024, Diamond Mattress, one of the omnichannel sleep wellness brands, expanded its eco-friendly Ethos collection with new natural latex sleep products, including the Avani 2.0 mattresses and toppers that offer ultimate comfort and pressure relief. Moreover, some of the prominent players are focusing on their commitment to using sustainably sourced and non-toxic materials. For example, in June 2024, one of the organic mattress manufacturers, Avocado Green’s eco-organic mattress received the Oeko-Tex Standard 100 certification, which is a globally recognized and independent testing system for raw, semi-finished, and finished textile products at all processing levels. Besides this, the widespread popularity of recycling strategies to minimize waste generation is also positively influencing the mattress market outlook. An article published in Construction Materials in May 2024 explored the use of mattress waste materials for building insulation, aiming to mitigate waste generation in the construction industry. It is focused on polyurethane foam (PUF) from mattresses and comprehensively analyzes its thermal performance against the industry standards.

Development of Smart Mattresses

The introduction of smart mattresses with features, such as adjustable firmness, temperature control, sleep tracking, etc., owing to the numerous technological advancements, is one of the factors propelling the market. For example, in November 2023, the DeRUCCI Group introduced the DeRUCCI T11 pro smart mattress that instantly adjusts to the individual’s health for optimal sleep. Moreover, specifically designed by human-machine engineering, it features patented AI technologies with 23 flexible sleep and health AI sensors that automatically track subtle changes in body temperature, position, heart rate, etc. Additionally, the emerging trend of health and wellness is also augmenting the global market. For instance, in December 2023, Diamond Mattress collaborated with Living Spaces to develop a smart mattress that offers integrated body-sensing technology with mobile app-enabled features to improve sleep quality using personal sleep data throughout the night. Additionally, in April 2024, Tempur-Pedic launched the Tempur-ActiveBreeze smart bed, which is a cooling mattress with an adjustable sleep base and sleep tracker. Apart from this, companies like Eight Sleep and Sleep Number are integrating sensors and connectivity into their products, which will continue to fuel the mattress market revenue over the forecasted period.

Need For Personalized Comfort

Individuals are seeking mattresses that cater to their specific sleep preferences and needs, which is strengthening the market. Brands, including Helix and Saatva, offer customizable options where customers can choose the firmness level, materials, and other features based on their requirements. In June 2024, Wakefit.co, one of the direct-to-consumer (D2C) mattress and furniture providers, launched an artificial intelligence (AI)-powered sleep solutions that change and manage the surface temperature of the mattress based on personal preferences. Apart from this, offering customizable options allows companies to attract a broader customer base, which is propelling the mattress market demand. For example, in June 2024, Magniflex unveiled the Magnigeo mattress, a new product that balances premium comfort with environmental responsibility. Moreover, it is meticulously crafted by adopting regenerated foams, ensuring they are free from harmful expanding agents and provide optimal support for the spine. Similarly, in May 2024, Serta Simmons Bedding (SSB) expanded its product line that features Original Beautyrest® Pocketed Coil® Technology for consistent support and comfort.

Global Mattress Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with the mattress market forecast at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on the product, distribution channel, size, and application.

Breakup by Product:

• Innerspring Mattresses
• Memory Foam Mattresses
• Latex Mattresses
• Others
   

Among these, innerspring mattresses currently exhibit a clear dominance in the market

The report has provided a detailed breakup and analysis of the market based on the product. This includes innerspring mattresses, memory foam mattresses, latex mattresses, and others. According to the report, innerspring mattresses represented the largest market segmentation.

Innerspring mattresses, long favored for their durability and support, are experiencing a resurgence with modern innovations and new product launches. Brands like Sealy and Serta have introduced advanced innerspring models that combine traditional coil systems with new materials and technologies for enhanced comfort and support. For instance, Sealy's new Posturepedic Plus line features targeted support technology that reinforces the heaviest parts of the body. At the same time, Serta's iComfort Hybrid series integrates memory foam and cooling gels with innerspring support to address common sleep issues like overheating and pressure point discomfort. These launches reflect the evolving consumer preferences for mattresses that provide both the reliable support of innerspring and the plush comfort of modern materials, catering to a wide range of sleep needs and preferences. As per the mattress market segmentation, this blend of traditional and innovative features is driving renewed interest in innerspring mattresses.

Breakup by Distribution Channel:

• Online Distribution
• Offline Distribution
   

Currently, offline distribution holds the largest mattress market share

The report has provided a detailed breakup and analysis of the market based on the distribution channel. This includes online distribution and offline distribution. According to the report, offline distribution represented the largest market segmentation.

Offline distribution remains a crucial channel for mattress sales, offering consumers the tangible experience of testing products before purchase. Brick-and-mortar stores like Mattress Firm and Sleep Number provide dedicated showrooms where customers can lie down on various models to evaluate comfort and support firsthand. These stores often employ knowledgeable staff to guide customers through the selection process, enhancing the shopping experience. For example, Mattress Firm's extensive network of retail locations allows it to cater to diverse customer needs across different regions. At the same time, Sleep Number's specialized stores showcase their adjustable air mattresses and sleep technology features, enabling personalized fittings. Additionally, department stores like Macy's and specialized furniture retailers such as Ashley Furniture HomeStore incorporate mattress sections within their broader home furnishing offerings, providing a one-stop shop for consumers looking to furnish their homes. As per the mattress sales statistics, this offline presence not only builds consumer trust through direct interaction and immediate feedback but also complements online channels by offering a holistic, omnichannel shopping experience.

Breakup by Size:

• Twin or Single Size
• Twin XL Size
• Full or Double Size
• Queen Size
• King Size Mattress
• Others
   

King size mattress holds the largest share in the market

The report has provided a detailed breakup and analysis of the market based on the size. This includes twin or single size, twin XL size, full or double size, queen-size, king-size mattress, and others. According to the report, king size mattress represented the largest market segmentation.

King size mattresses are increasingly popular for their spacious dimensions and luxurious comfort, catering to couples and individuals who value ample sleeping space. Brands like Tempur-Pedic and Purple have recently launched innovative king size models designed to enhance sleep quality. Purple's NewDay mattress combines their signature Purple Grid™ technology with high-density foam to offer superior pressure relief and support. These product launches emphasize a commitment to combining comfort with cutting-edge technology, addressing specific sleep concerns, such as temperature regulation and spinal alignment. The expansive sleeping surface of king size mattresses not only provides unmatched comfort but also accommodates varied sleeping positions and reduces disturbances from partner movements, making them a preferred choice for those seeking an upgrade in their sleep experience.

Breakup by Application:

• Domestic
• Commercial
   

Currently, domestic holds the largest share in the mattress industry

The report has provided a detailed breakup and analysis of the market based on the application. This includes domestic and commercial. According to the report, domestic represented the largest market segmentation.

In domestic settings, mattresses play a crucial role in promoting restful sleep and overall well-being. They are used in various household contexts, including master bedrooms, guest rooms, and children's rooms, each requiring different specifications to meet individual comfort needs. For instance, memory foam mattresses are popular in master bedrooms for their ability to contour to the body, providing personalized support and reducing pressure points. In guest rooms, hybrid mattresses, which combine innerspring support with foam comfort layers, are often favored for their ability to accommodate a wide range of sleep preferences, ensuring that visitors enjoy a comfortable stay. Children's rooms typically feature mattresses designed with durability and growth in mind, such as twin or full-size options that offer adequate support for growing bodies. Additionally, adjustable mattresses are becoming more common in homes, allowing users to modify the firmness and positioning to suit their specific health and comfort needs, such as alleviating back pain or improving circulation. The versatility and variety of mattresses available today make them essential for creating comfortable and healthy sleep environments across different domestic applications.

Breakup by Region:

• North America
  • United States
  • Canada
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

Asia Pacific currently dominates the market

The mattress market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific accounted for the largest market share. 

The growing awareness towards the importance of quality sleep is propelling the market in the Asia Pacific. In countries like China and India, the burgeoning middle class is fueling demand for premium mattress brands, such as Sleepwell and King Koil, which offer a range of products from affordable to luxury options. Moreover, Sleepwell's new SleepX Ortho mattress caters to health-conscious consumers with its orthopedic support features, while King Koil's World Luxury Intimate collection appeals to those seeking high-end comfort and durability. Additionally, as per the mattress market statistics, Japanese brands like Airweave are gaining popularity for their innovative designs that incorporate advanced materials and technologies, including their high-resilience foam mattresses designed for optimal body support and temperature regulation. The market is also seeing a shift towards online sales channels, with e-commerce platforms like Alibaba and Amazon expanding their mattress offerings to meet the growing demand. This trend is complemented by the rise of local online mattress startups like Wakefit in India, which offer competitive pricing and direct-to-consumer delivery models.

Competitive Landscape:

The market is experiencing significant growth across the globe because of a rise in purchasing power due to the widened bracket of the middle class. Numerous product innovations, such as the launch of smart mattresses integrated with artificial intelligence (AI)-based technology that monitors human health, breathing patterns, and sleeping hours and adjusts the temperature according to the environment while the user sleeps, are driving the market further. Furthermore, the leading manufacturers in the global mattress industry are offering organic product variants manufactured using natural and environment-friendly raw materials, including wool, natural latex, and organic cotton, owing to the surging environmental concerns, thereby propelling the market growth. We expect the market to witness new entrants, portfolio consolidation, and increased collaborations to drive healthy competition within the domain.

The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

• Kingsdown Inc.
• Kurlon Enterprise Ltd.
• Leggett & Platt Incorporated
• Paramount Bed Co. Ltd.
• Tempur Sealy International
• Serta Inc.
• Simmons Bedding Company LLC
• Sleep Number Corporation
• Southerland Inc.
• Spring Air International

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

Mattress Market Recent Developments:

• June 2024: Diamond Mattress, one of the omnichannel sleep wellness brands, expanded its eco-friendly Ethos collection with new natural latex sleep products, including the Avani 2.0 mattresses that offer pressure relief.
• June 2024: Wakefit.co developed an artificial intelligence (AI)-powered sleep solution that changes and manages the surface temperature of the mattress based on personal preferences.
• June 2024: Magniflex unveiled the Magnigeo mattress, a new product that balances premium comfort with environmental responsibility.

Mattress Market Report Scope:

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the mattress market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the global mattress market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the mattress industry and its attractiveness.
• The competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.