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Mattress Market
The Mattress Market is anticipated to expand at a remarkable CAGR during the forecast period (2020-2027).
The factors driving the growth of Mattress Market includes rapid growth in real estate sector, easy availability of Mattress through e-commerce platforms and traditional stores and growing demand for luxurious mattress and specialty mattresses such as waterbed, and foam-based mattresses. According to the report published by Statista, the market size of Real Estate Industry in India has significantly increased from USD 120 billion in 2017 to 180 billion in 2020 and is further projected to reach USD 650 billion by the end of 2025, which is expected to boost the Mattress Market share in India. Moreover, the increasing expenditure by Government on healthcare sector, rising trend of customizable mattresses, growth in the sales of home furniture’s, increasing disposable incomes and emphasis by manufacturers for developing organic mattresses, are some of the additional factors supplementing the Mattress Market size.
However, the higher lifespan of the mattresses is expected to restrict the overall growth of Mattress Market.
The major players operating in the market are Select Number Corporation, Kingsdown Inc., Tempur-Pedic International Inc., Serta Inc., Simmons Bedding Company, Southerland Sleep, Paramount Bed Co., Ltd. and Spring Air International among others.
Product- Segment Analysis
Based on Product, the innerspring segment is anticipated to capture the highest market share over the forecast period due to emerging back problems and growing demand for premium mattresses with innerspring technology.
On the other hand, the memory foam segment is anticipated to expand at a remarkable CAGR during the forecast period because it helps in relieving pressure on the joints pain, which is helpful for the people suffering from orthopedic issues.
Application – Segment Analysis
Based on application, the domestic segment is anticipated to dominate the market during the forecast period attributed to growing number of home ownerships and rise in the disposable incomes of the consumer.
Regional – Segment Analysis
According to the Mattress Market Analysis, the Asia-Pacific region is predicted to dominate the market over the forecast period. The growing demand for luxury mattresses, Government launched housing loan schemes, rise in consumers spending on the home furniture items, high population growth and improvements in the living standards, are some of the important factors influencing the market growth in Asia-Pacific.
Market Segmentation
Global Mattress Market by Product
Innerspring
Latex
Memory Foam
Others
Global Mattress Market by Application
Domestic
Commercial
Global Mattress Market by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
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