Foam Mattress Market: Global Key Trends, Growth Opportunities and Forecast 2027

Foam Mattress Market is expected to reach US $42.77 billion by 2027, thanks to growth in the household segment. The report analyzes Global Foam Mattress market dynamics by region, size, and applications.

Foam Mattress Market Overview:

The global foam mattress market was valued at US $30.56 Bn. in 2020, and it is expected to reach US $ 42.77 Bn. by 2027 with a CAGR of 4.92% during the forecast period. Bedding, as a basic household furniture item, has seen a steady increase in demand over time. New small bed-in-box solutions are proving to be handy for users and simple to ship for merchants, gaining traction in the market. Because of rising consumer demand, Kingsdown introduced a boxed-bed kind of product in January 2020. Customers are progressively researching e-commerce furnishing sites, which are growing the market through online sales channels. For example, according to Legget & Platt Inc.'s 2018 annual report, total sales through online channels are forecast to double in size by 2022 or account for nearly 30% of the market. As a result, new product introductions and altering distribution channel preferences are expected to drive the foam mattress industry forward. Foam Mattress Market To know about the Research Methodology :- Request Free Sample Report 2020 is considered a base year however 2020's numbers are on the real output of the companies in the market. Special attention is given to 2020 and the effect of lockdown on the demand and supply, and also the impact of lockdown for the next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.

Global Foam Mattress Market Dynamics:

Rising Number of Housing Units: With an ever-increasing population, the number of houses on the planet is growing. As a result of this element, there has been an increase in demand for everyday products, such as various house furnishings. For example, according to the Housing Statistical Release of July 4, 2019, new house completions in England reached 169,770 in the first quarter of 2019, up 6% over the same period the previous year. Also, the developing trend of luxurious home décor adds significantly to the growth of the premium mattress market. Similarly, the market's progress is aided by the ever-increasing demand for children's beds. As a result, increased household demand for foam mattresses is expected to drive market growth throughout the forecast period. Growing Sleep Disorders: Because sleep deprivation is a serious illness that can have a variety of negative health consequences, the availability of proper padding to sleep on is critical to the market's growth. According to a 2017 Consumer Research study conducted by the Better Sleep Council, around 83 percent of respondents said they would replace their mattress if it did not deliver adequate sleep. In contrast, nearly eight out of ten users believed that a low-quality product is harmful to one's health. The Better Sleep Council (BSC) provides advice on how to get enough sleep, as well as recommendations on which products to buy. As a result, having better sleep is anticipated to provide growth prospects in the mattress industry in terms of tailored product development. High Durability of Products: When properly cared for, mattress items have high durability and last longer. For example, according to the British Wool Board's Consumer Market Research Beds & Bedding March 2018 research, people only replace their mattresses every 11 years on average. As a result, longer product life is anticipated to reduce the requirement for frequent product purchases. Also, the increased availability of low-cost local products is expected to hinder premium and high-cost mattress brand adoption. Key Trends: • Personalized Mattress: Only a few mattress companies offer fully customized mattresses. Customers may essentially create their beds with this option, which allows them to select specific materials for their new mattress. Individual demands can be addressed with customized mattresses; for example, you could want to purchase a certain mattress material for lower back support or add a mattress topper for extra cushioning. This eliminates the unworkable "one size fits all" approach to mattress purchase and replaces it with a more tailored approach. • Durable, Green, and Organic: In the previous year, organic and all-natural mattresses have become increasingly fashionable. People are increasingly choosing ecologically conscious products over all others as their concerns about the environment rise. As a result, mattress companies that focus on being ecologically friendly and sustainable have seen maximum growth in recent years.

Global Foam Mattress Market Segment Analysis:

Based on Size, the foam mattress market is segmented as, queen, twin, full, and others. In 2020, the queen-size segment was dominant and held almost xx% of the overall market share in terms of revenue as this size is cost-effective among all others. For example, Based on increased consumer demand, Kingsdown produced new hybrid queen models under their Prime Collection at pricing ranges below US $1000. Other sizes, such as twin XL, King, and California King, are also accessible on the market, allowing customers to select the right size for their home and family. Detailed information on each segment is covered in the MMR's report. Foam Mattress MarketBased on Application, the foam mattress market is segmented as follows, household, healthcare, hospitality, and others. In 2020, the household segment was dominant and held almost xx% of the overall market in terms of revenue. This can be related to the fast-increasing population across the globe. Detailed information on each segment is covered in the MMR's report.

Global Foam Mattress Market Regional Insights:

During the forecast period, the Asia Pacific market is expected to develop at a CAGR of xx% in terms of value. Thanks to the arrival of brands like Dunlop, Stearns & Foster, and Kurl-On, the global market demand for foam mattresses is expected to increase. Because of the large populations in nations like India, Sri Lanka, and China, Asia Pacific is one of the top buyers of mattresses. Also, rising disposable income is expected to uplift the global market in the Asia Pacific and Latin America growing countries such as India, Brazil, and South Africa. Thanks to the great comfort in the sleep environment of consumers in Brazil, latex and memory foam mattresses have a large market share, and hotels in these locations have a strong demand for these mattresses. For example, Paramount Bed Asia Pacific Pte. Ltd. began working with variance trading to deliver premium-quality mattresses on a contract basis at the Edsa Shangri-La Hotel in Manila. Thanks to a rising consumer movement toward large houses and a growing inclination for many bedrooms in the house, the European market is likely to increase significantly over the forecast period. Mattresses are in high demand in the healthcare and hotel industries in this region. In nursing homes, clinics, and hospitals, there is an increasing demand for mattresses. For example, Bensons for Beds and Feather & Black are producing premium mattresses on a budget for the local market, driving sales in major European cities.Foam Mattress MarketThe objective of the report is to present a comprehensive analysis of the market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global market dynamics, structure by analyzing the market segments and projecting the global market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global market makes the report investor's guide.

Global Foam Mattress Market Scope: Inquire before buying

Foam Mattress Market

Global Foam Mattress Market, by Region

• North America • Europe • Asia Pacific • The Middle East and Africa • South America

Global Foam Mattress Market Key Players

Hilding Anders • Pikolin • Recticel • Silentnight • Sealy • Simmons • Breckle • Magniflex • Tempur-Pedic • Ekornes • Select Comfort • Serta • Veldeman Group • Auping Group • KingKoil • Ecus • Others Frequently Asked Questions: 1. What is the forecast period considered for the Foam Mattress market report? Ans. The forecast period for the global foam mattress market is 2021-2027. 2. Which key factors are hindering the growth of the Foam Mattress market? Ans. The high durability of the mattress products is the only key factor expected to hinder the growth of the market during the forecast period. 3. What is the compound annual growth rate (CAGR) of the Foam Mattress market for the next 6 years? Ans. The global foam mattress market is expected to grow at a CAGR of 4.92% during the forecast period (2021-2027). 4. What are the key factors driving the growth of the Foam Mattress market? Ans. The increasing household units and sleep-related problems across the population are key factors expected to drive the growth of the market during the forecast period. 5. Which are the worldwide major key players covered for the Foam Mattress market report? Ans. Hilding Anders, Pikolin, Recticel, Silentnight, Sealy, Simmons, Breckle, Magniflex, Tempur-Pedic, Ekornes, Select Comfort, Serta, Veldeman Group, Auping Group, KingKoil, Ecus, and Others.
1. Global Foam Mattress Market: Research Methodology 2. Global Foam Mattress Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Foam Mattress Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Foam Mattress Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Global Foam Mattress Market Segmentation 4.1. Global Foam Mattress Market, by Size (2020-2027) • Queen • Twin • Full • Others 4.2. Global Foam Mattress Market, by Application (2020-2027) • Household • Healthcare • Hospitality • Others 5. North America Foam Mattress Market (2020-2027) 5.1. Global Foam Mattress Market, by Size (2020-2027) • Queen • Twin • Full • Others 5.2. Global Foam Mattress Market, by Application (2020-2027) • Household • Healthcare • Hospitality • Others 5.3. North America Foam Mattress Market, by Country (2020-2027) • United States • Canada • Mexico 6. European Foam Mattress Market (2020-2027) 6.1. European Foam Mattress Market, by Size (2020-2027) 6.2. European Foam Mattress Market, by Application (2020-2027) 6.3. European Foam Mattress Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Foam Mattress Market (2020-2027) 7.1. Asia Pacific Foam Mattress Market, by Size (2020-2027) 7.2. Asia Pacific Foam Mattress Market, by Application (2020-2027) 7.3. Asia Pacific Foam Mattress Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. The Middle East and Africa Foam Mattress Market (2020-2027) 8.1. The Middle East and Africa Foam Mattress Market, by Size (2020-2027) 8.2. The Middle East and Africa Foam Mattress Market, by Application (2020-2027) 8.3. The Middle East and Africa Foam Mattress Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Foam Mattress Market (2020-2027) 9.1. Latin America Foam Mattress Market, by Size (2020-2027) 9.2. Latin America Foam Mattress Market, by Application (2020-2027) 9.3. Latin America Foam Mattress Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. Hilding Anders 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Pikolin 10.3. Recticel 10.4. Silentnight 10.5. Sealy 10.6. Simmons 10.7. Breckle 10.8. Magniflex 10.9. Tempur-Pedic 10.10. Ekornes 10.11. Select Comfort 10.12. Serta 10.13. Veldeman Group 10.14. Auping Group 10.15. KingKoil 10.16. Ecus 10.17. Others

About This Report

Report ID10799
Category Material & Chemical
Published Dateoct 2019
Updated DateNov 2021
Contact Us