PUBLISHER: The Business Research Company | PRODUCT CODE: 1499874
PUBLISHER: The Business Research Company | PRODUCT CODE: 1499874
A latex mattress is a type of mattress primarily composed of natural or synthetic latex foam. These mattresses are renowned for their durability, resilience, and ability to relieve pressure, offering a supportive and comfortable surface for sleep. They are frequently chosen for their hypoallergenic properties, breathability, and the use of environmentally friendly materials.
Latex mattresses come in several main types such as blended mix, natural, and synthetic. Blended mix latex mattresses are crafted from a blend of natural latex sourced from rubber trees and synthetic latex created from chemical compounds. They are manufactured using various processing methods, including Talalay latex processing, Dunlop latex processing, and others. These mattresses are distributed through both online and offline channels to cater to residential and commercial customers alike.
The latex mattress market research report is one of a series of new reports from The Business Research Company that provides latex mattress market statistics, including latex mattress industry global market size, regional shares, competitors with a latex mattress market share, detailed latex mattress market segments, market trends and opportunities, and any further data you may need to thrive in the latex mattress industry. This latex mattress market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The latex mattress market size has grown strongly in recent years. It will grow from $9.66 billion in 2023 to $10.47 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The expansion observed in the historic period can be credited to the rising awareness surrounding the advantages of natural and eco-friendly materials, heightened attention to health and wellness considerations, the emergence of the bed-in-a-box trend, a transition towards sustainable and environmentally friendly manufacturing processes, and the broadening presence of e-commerce platforms.
The latex mattress market size is expected to see strong growth in the next few years. It will grow to $14.55 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. The projected growth in the forecast period can be linked to demographic changes characterized by aging populations, heightened awareness regarding indoor air quality, an increasing appetite for luxury bedding items, the adoption of omnichannel retail strategies by mattress manufacturers, and a growing consumer inclination towards customizable sleep solutions. Key trends expected in this period encompass a rising demand for organic and sustainable materials, a surge in customization and personalization options, the prominence of online mattress retailers, a persistent focus on health and wellness, and the integration of technology into mattress products.
The rising prevalence of sleep-related issues is expected to drive the growth of the latex mattress market in the coming years. Sleep-related problems encompass a variety of challenges and disorders that hinder a person's ability to achieve restful and sufficient sleep. Factors like irregular sleep schedules, extended work hours, and increased screen time in modern lifestyles can disrupt natural sleep cycles, contributing to these issues. Latex mattresses are designed to offer support and comfort, promoting proper spinal alignment and sleep posture. This can be particularly beneficial for individuals dealing with back pain, sciatica, or other musculoskeletal conditions that affect sleep quality. For example, recent data from the National Council on Aging highlights significant proportions of adults experiencing insufficient sleep across different age groups, underscoring the widespread nature of sleep-related challenges. Similarly, Medscape data from 2021 indicates a concerning trend of inadequate sleep among young adults aged 35-44, with a notable portion failing to meet recommended sleep durations. Consequently, the growing prevalence of sleep-related problems is a key driver propelling the demand for latex mattresses.
Leading companies in the latex mattress market are focusing on developing organic latex mattresses to offer enhanced sleep solutions to consumers. Organic latex mattresses are crafted from natural latex sourced from rubber trees, typically devoid of synthetic materials or harmful chemicals during production. For instance, Essentia Organic Mattress recently introduced the Grateful Eight Organic Latex Mattress, a premium eco-luxury mattress meticulously handcrafted using certified organic materials in their GOLS & GOTS-certified organic factory. Engineered with a unique blend of organic latex foam, this mattress provides a medium feel that balances support, contouring, and resilience for a comfortable sleep experience. Its chemical-free and hypoallergenic composition ensures a healthier sleep environment without compromising on comfort.
In April 2024, AI Dream, a prominent mattress company based in China, acquired King Koil, marking significant growth opportunities for both entities. This acquisition enables King Koil, a reputable home furnishing company specializing in latex mattresses, to expand its presence in the US market. Simultaneously, AI Dream gains valuable expansion avenues beyond Asia, strengthening its position in the global mattress industry.
Major companies operating in the latex mattress market are Tempur Sealy International Inc., Sleep Number Corporation, Simmons Bedding Company LLC, Purple Innovation Inc., Saatva Inc., Tuft & Needle LLC, Nectar Sleep, Latexco, Spring Air International, Kinsdown, Naturepedic, Plush Beds, Avocado Mattress LLC, Brooklyn Bedding, Royal-Pedic Mattress Manufacturing LLC, Xianghe Kaneman Furniture Limited, Essentia, Helix Sleep Inc., Foshan Golden Furniture Co. Ltd., Snoozer Bedding Limited, Sleep On Latex Company, Urban Mattress, Spindle Mattress Company, Dreamfoam Bedding Company, Organic Mattress Inc
North America was the largest region in the latex mattress market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the latex mattress market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the latex mattress market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The latex mattress market consists of sales of mattress toppers, pillows, mattress protectors, and mattress foundations. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Latex Mattress Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on latex mattress market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for latex mattress? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The latex mattress market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.