Mattress Market Size, Share, Growth Analysis, By Type (Innerspring, Foam), By Size (King, Queen), By End Use, By Distribution Channel, By Region - Industry Forecast 2024-2031

Global Mattress Market size was valued at USD 40.1 billion in 2022 and is poised to grow from USD 43.2 billion in 2023 to USD 74.8 billion by 2031, growing at a CAGR of 7.1% during the forecast period (2024-2031).

The global mattress market is poised for significant growth, driven by an increasing prevalence of musculoskeletal issues, which affect 1.71 billion individuals worldwide, leading to a high demand for specialty mattresses such as foam, air, and waterbeds. With annual expenditures on back pain treatment exceeding $50 billion and 80% of Americans experiencing back pain, the need for comfortable sleeping surfaces is more critical than ever. Hospitals and healthcare facilities are integrating these advanced mattresses to enhance patient comfort, further fueling demand. Industry leaders are innovating, with products like the Nectar Memory Foam Mattress, which offers superior pressure relief and motion isolation, catering to those with joint discomfort. Ongoing research and development will enhance product offerings, further supporting market expansion.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Mattress market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Mattress Market Segmental Analysis

Global Mattress Market is segmented by Type, Size, End Use, Distribution Channel and Region. Based on Type, the market is segmented into Innerspring, Foam, Hybrid, Others. Based on Size, the market is segmented into Single, Double, Queen, King. Based on End Use, the market is segmented into Household, Commercial. Based on Distribution Channel, the market is segmented into Online, Offline. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.

Driver of the Global Mattress Market

The global mattress market is currently experiencing significant growth, driven by a surge in housing development and increased consumer spending on bedding and home furnishings. The rise in single-person households and nuclear families globally has created a pressing need for mattresses, resulting in heightened demand for these products. Recent trends reflected in the National Bed Federation Survey indicate a jump in mattress purchases, rising from 24% to 32% in just six months up to March 2020. Furthermore, it was projected that consumer spending on furniture and bedding would reach USD 119.8 billion in 2021, marking a notable 5% increase since 2019. With many individuals facing sleep deprivation and mental distress due to evolving lifestyles and sustained high-pressure schedules, the quality of sleep has become increasingly important. Innovations in mattress technology, like Serta's Arctic cooling sleep system, illustrate how advanced products can enhance sleep quality by providing superior comfort and temperature regulation.

Restraints in the Global Mattress Market

The global mattress market faces significant restraints due to a rapidly evolving and competitive environment, where both established international brands and local companies primarily vie for consumers based on product quality and durability. A critical factor influencing customer purchasing choices, both in physical retail and online platforms, is the expectation of a longer product lifespan, typically ranging from seven to ten years. This longevity can deter consumers from frequent replacement purchases, ultimately posing a challenge to the growth of the global mattress market in the forecast period, as potential buyers may delay or forego new acquisitions.

Market Trends of the Global Mattress Market

The global mattress market is experiencing a notable trend towards customization, reflecting evolving consumer preferences for personalized sleep solutions. Over the past decade, customizable mattresses, which allow users to select specific attributes such as design, height, stiffness, and materials, have gained significant traction. Industry leaders are responding with innovative products that enhance brand differentiation. A prime example is Sheela Foam Ltd.'s Sleepwell brand in India, which has launched the Cocoon mattress, the first Mattress in a Box (MIAB) that enables consumers to tailor the comfort on either side of the bed. This shift towards personalization underscores a growing demand for tailored sleep experiences that cater to individual needs, driving market growth and innovation.