Mattress and Mattress Component Market – Snapshot
Mattresses have evolved over the years. In past years, mattresses were made of hair, feather, and straw. These days, mattresses are made of flexible polyurethane foams, innersprings, latex, and other products. In the last 10-15 years, there has been a major shift in awareness about mattresses and a consequent change in buying behavior among consumers. Growing health concerns, problems associated with sleeping disorders, and availability of attractive, stylish, decorative mattresses are the major factors driving the demand for mattresses globally. The applications of new advanced technology like Gribetz Batch Pro Panel Cutter, Sleeptracker technology in mattress production, and new product innovations have changed the scenario of the global mattress market, transforming the market from a low-growth market to a comparatively fast growing one. Currently, the market holds a broad range of products for consumers across all income groups and demographics.
Another factor driving the growth of the mattress industry is the rise in construction activity. Both commercial and residential construction is on the rise globally especially in the U.S. owing to economic and political stability in the region. Housing and hospitality sectors are primarily supporting this growth. The commercial sector, which includes hotel industries, offices, and institutions, and healthcare industry among others has seen robust growth in the past few years and is expected to witness similar growth in the coming years. Apart from this, changing consumer trends in home renovation is also fueling market growth. Majority of homeowners are undertaking home improvements to refurbish and to add value to their houses. Remodeling homes is the most popular renovation followed by wallpapering, painting, and carpeting among others. Consumers spend lavishly on home renovation in developed regions such as the U.S. and U.K due to improved economic conditions.
Demand for mattresses is expected to drive the growth of the market over the forecast period due to these factors. Other influencing factors such as new product offerings with added features through research and development are fueling the mattress market. Increasing obese population, growing prevalence of pressure ulcers, and rising awareness among consumers regarding health is propelling the demand for specially designed medical mattresses such as gel filled mattress, water bed mattress, and air filled mattresses. However, despite all these driving factors, high manufacturing cost of mattresses is anticipated to restrain the global mattress market.
In the report, the mattress market is segmented by product type, mattress size type, mattress component, and by geography. Based on product type, the mattress market is segmented into memory foam mattress, hybrid mattress, innerspring mattress, and latex mattress among others. Others product segment includes gel filled mattress, air filled mattress, and water bed mattress. Based on mattress size type, the market is bifurcated into twin or single size mattress, twin XL size mattress, full or double size mattress, queen size mattress, and king size mattress among others. Others mattress size segment includes California king or king long size mattress and grand size mattress or super king size mattress, and athletic king size mattress. In terms of component, the mattress market is bifurcated into foam which includes Polyurethane Foam, Polyethylene Foam, Visco-Elastic or Memory Foam Gel Foam, Polyester Foam, Latex Rubber Foam, Convoluted Foam and Evlon, Innerspring or Coils includes Bonnel Coils, Pocket Coils, Continuous Coils and Offset Coils, Latex includes natural and organic. Fillings include coir, wool, and cotton, and ticking.