Global Mattress Market Analysis and Competitor Profiles To 2027

1. Global Mattress Market

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3. Global Mattress Market The global mattress market was valued at USD 32.8 billion in 2020 and is predicted to reach USD 41.4 billion by 2027, growing at a CAGR of 3.5% during the forecast period. The factors responsible for the growth of mattresses across the globe are increasing homeownership rate, increasing number of households with more bedrooms, and increasing disposable income. The primary factors driving the growth of the global mattress market are: • Growing disposable income • Growing awareness among the people about the detrimental effects of chemical-based mattresses • Increasing homeownership rate • Increasing number of households with more bedroom

4. Global Mattress Market Geographically, Asia-Pacific is the largest revenue contributor in the mattress market. The increasing population, surging urbanization levels and growing disposable income in the region are the key factors responsible for its growth. The rapidly growing healthcare and hospitality industries in China have been further propelling the demand for mattresses in the region. The government is also giving subsidies to nursing homes for the installation of new beds. For instance, the government in Beijing gives $8,050 subsidies per bed. These statistics and government measures indicate the growing deficit between demand and need of facilities in the healthcare sector in the country. This deficit has been emerging as an opportunity for the mattress market in the country.

5. Global Mattress Market Key players operating in the global mattress market include Spring Air International, Kingsdown Inc., Sleep Number Corporation, Simmons Bedding Company LLC, Tempur Sealy International Inc., Serta Inc., Relyon Limited, Southerland Inc., Corsicana Mattress Company, and McRoskey Mattress Company.

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