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Global Mattress Market Expected to Reach USD around 50,000 Million, in terms of value, by 2024 | According to BlueWeave Consulting

Press Release

According to a new market report published by BlueWeave Consulting, the global mattress market was valued around USD 30,000 Million in 2017 and is expected to expand over a CAGR of 7% from 2018 to 2024, by value, reaching around USD 50,000 Million by the end of the forecast period. According to the report, North America was the largest contributor in terms of revenue to the global mattress market in 2017.

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Growing demand for tour and travel, resulting in the growth of hotel industries is driving the Global Mattress Market   

Mattresses are used to provide a comfortable sleep, after hours of work in the busy lives of working professionals across the globe. Thus, the increasing disposable income has a positive impact on the standard of living which creates demand for home furnishing and interior designing, including items like mattresses for a comfortable sleep. The use of mattresses has increased rapidly both technologically and by application in recent years. These technological advancements have acted as a breakthrough for improved mattress offerings, that are beneficial for health as well. The factors that enhance the global mattress market are increasing demand for mattress from the hotel industries for room service and provision of best class facilities to the customers.

As per the annual report of Ministry of Tourism, India, Foreign Tourist arrival in India has increased from 8.8 Million people in 2016 to 10.18 Million in 2017 and it has increased from 9.7% over 2015 to 15.6% over 2016.

Global Mattress Market: Scope of the Report

The global market for mattress is segmented by product type, size, distribution channel, application, and geography. The product type is further segmented into Memory Foam, Innerspring, Latex, and Others. The size of mattress is further segment into Twin or Double, Twin XL, Full or Double, Queen, King & Other sizes. The distribution channel is segmented into an Online and Offline channel. Furthermore, the application market can be bifurcated into Residential, Commercial & Industrial segment. Geographically, the Global Mattress Market is bifurcated into North America, Asia Pacific, Europe, Middle East & Africa, and Latin America. The North American market was the most prominent market because of a lot of big manufacturers involved in producing mattresses in this region, Serta, Inc., Simmons Bedding, Company LLC, Kingsdown, Inc., etc.

Global Mattress Market: Competitive Dynamics  

Major industry players in global mattress market are adopting different strategic initiatives such as mergers and acquisitions, partnerships, and collaborations for strategic expansion in the Mattress Market market. For instance, In April, 2018, Owen & Company that is a leading manufacturer of handcrafted luxury mattresses, operating in Canada primarily under the Kingsdown brand, has announced its merger with its US counterpart Kingsdown Inc.  Most of the major vendors in the Global Mattress Market are actively focused on enhancing their offerings to meet the ongoing demand.

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About BlueWeave Consulting & Research Pvt Ltd. (BWC)

BlueWeave Consulting provides a full scope of business intelligence solution for solving your toughest challenges. BWC is an emerging global expert & pioneer in the market research and provision of exclusive market INTEL. We optimize your decision making by equipping your industry with an accurate & better market research according to your industry demands through our professionally designed qualitative & quantitative research methods. Our trendy & efficient sample collection methods, integrated data solutions as well as methodologies certainly make us a better partner that you can rely on. With collective experience in the varied fields of retail, market research and reporting, we provide the business insight and business practices that would give the required impetus for your company’s growth.

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