PUBLISHER: The Business Research Company | PRODUCT CODE: 1499905
PUBLISHER: The Business Research Company | PRODUCT CODE: 1499905
A polyurethane foam mattress comprises primarily polyurethane foam, a synthetic material renowned for its resilience and support. These mattresses typically feature multiple layers of polyurethane foam with varying densities, sometimes incorporating additional materials like memory foam or latex for improved comfort and support. They are favored by sleepers seeking a blend of comfort and support due to their durability, pressure relief, and motion isolation.
Polyurethane foam mattresses are available in various sizes, including king, queen, and single. A king-size polyurethane foam mattress is typically larger than standard sizes, providing ample space for couples or individuals desiring extra sleeping room. These mattresses find application in diverse settings such as households, hotels, hospitals, and others, and are retailed through a range of channels like supermarkets, specialty stores, online retailers, among others.
The polyurethane foam mattress market research report is one of a series of new reports from The Business Research Company that provides polyurethane foam mattress market statistics, including polyurethane foam mattress industry global market size, regional shares, competitors with a polyurethane foam mattress market share, detailed polyurethane foam mattress market segments, market trends and opportunities, and any further data you may need to thrive in the polyurethane foam mattress industry. This polyurethane foam 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 polyurethane foam mattress market size has grown strongly in recent years. It will grow from $8.99 billion in 2023 to $9.44 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The growth experienced during the historic period can be ascribed to shifts in lifestyles and demographics, durability, health advantages, comfort and support, and regulatory modifications.
The polyurethane foam mattress market size is expected to see strong growth in the next few years. It will grow to $11.68 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The projected growth in the forecast period can be credited to a surge in the demand for bedding solutions offering comfort and support, the escalating adoption of eco-friendly and sustainable materials for mattresses, a heightened emphasis on sleep quality among aging demographics, and the expansion of online retail avenues. Noteworthy trends anticipated in the forecast period encompass an emphasis on sleep technology, hybrid mattress designs, improved comfort functionalities, smart mattress innovations, and inventive packaging and delivery approaches.
The growth of the polyurethane foam mattress market is anticipated to be driven by the expansion of the hospitality industry. This industry encompasses various businesses providing accommodation, dining, entertainment, and related services, such as hotels, restaurants, resorts, and event planning companies. Factors contributing to the growth of the hospitality sector include the rising demand for experiential travel, evolving consumer preferences, emphasis on wellness and sustainability, and the appeal of cultural and culinary diversity. Polyurethane foam mattresses are favored in the hospitality sector due to their enduring durability, comfort, and cost-effectiveness, meeting diverse guest needs and offering sustained returns on investment. For instance, during the third quarter of 2023, guests spent a total of 309.4 million nights in short-term rental accommodations across the European Union (EU), reflecting a 13.4% increase compared to the same period in 2022, as reported by Eurostat, a Luxembourg-based statistical office of the European Union.
Leading companies in the polyurethane foam mattress market are concentrating on the development of environmentally friendly polyurethane (PU) foam, such as Hybrid Endura, to enhance their market revenue. Hybrid Endura is a sustainable polyurethane (PU) foam manufactured using environmentally conscious processes and materials to reduce its ecological footprint. For example, in January 2024, NEVEON Holding GmbH, an Austria-based foam manufacturing company, introduced Hybrid Endura. This foam emits 70% fewer emissions than conventional HR foam mattress cores, and 30% of the raw materials used in its production are renewable. It boasts a lightweight design, weighing 38 kg/m3, in comparison to traditional high-resilience foam weighing 52-70 kg/m3. It offers superior rebound properties, uniform pressure distribution in all sleeping positions, and excellent air permeability, aiding in moisture and heat regulation.
In September 2021, Vita Group, a UK-based foam mattress company, acquired Usleep Limited for an undisclosed sum. This acquisition is anticipated to enable Vita Group to broaden its product range, reinforce its manufacturing capabilities, and enhance its efficiency and productivity in mattress production processes. Usleep Limited, based in the UK, specializes in manufacturing polyurethane foam mattresses.
Major companies operating in the polyurethane foam mattress market are Leggett & Platt Inc., Tempur Sealy International Inc., Sheela Foam Limited, Sinomax Group Limited, Corsicana Bedding Inc., Restonic (M) Sdn Bhd, Southerland Inc., Kingsdown Inc., Tuft & Needle LLC, Zinus Inc., Nectar Sleep, Spring Air Bedding Co Ltd., Peps Industries Private Limited, ENGLANDER COMPANY LIMITED, Brooklyn Bedding, Layla Sleep Inc., Amerisleep LLC, Dunlopillo GmbH, Innocor Inc, Sealy Corporation, Serta Inc, Duroflex Private Limited
North America was the largest region in the polyurethane foam mattress market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the polyurethane foam mattress market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the polyurethane foam mattress market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The polyurethane foam mattress market consists of sales of orthopedic polyurethane foam mattresses, cooling gel memory foam mattresses, hybrid mattresses, gel-infused memory foam mattresses, and memory foam mattresses. 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.
Polyurethane Foam 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 polyurethane foam 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 polyurethane foam mattress? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The polyurethane foam 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.