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According to the estimates by IMARC Group, the global mattress market is expected to witness a CAGR of 7% from 2021 to 2026.
The increasing construction of residential complexes and the growing instances of back and posture-related problems are some of the key drivers for the global mattress market.
The leading players are introducing organic and customizable mattresses with growing utilization of natural and environment-friendly raw materials, such as wool, natural latex and organic cotton, to produce mattresses that are free from chemically-processed components. This represents one of the key trends in the global mattress market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary shutdown of various manufacturing units and supply chain disruptions of mattresses.
On the basis of the product, the market has been bifurcated into innerspring, memory foam, latex, and others. Currently, innerspring mattresses hold the majority of the total market share.
On the basis of the size, the market has been divided into twin or single, twin XL, full or double, queen, king, and others. Among these, twin or single sized mattresses represent the largest segment.
On the basis of the application, the market has been segmented into domestic and commercial. At present, the domestic sector exhibits a clear dominance in the market.
On the basis of the distribution channel, the market has been bifurcated into online and offline. Currently, offline channel accounts for the majority of the market share.
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Asia Pacific dominates the global market.
The key companies in the global mattress market are Kingsdown Inc., Kurlon Enterprise Ltd., Leggett & Platt Incorporated, Paramount Bed Co. Ltd., Sealy Corporation, Serta Inc., Simmons Bedding Company LLC, Sleep Number Corporation, Southerland Inc., Spring Air Company and Tempur-Pedic International, Inc.
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