Electric Mattress market to grow at a CAGR of >7% during 2016-2023, globally

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Electric Mattress market to grow at a CAGR of >7% during 2016-2023, globally

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Growing Demand in Colder Regions and Changing Lifestyle of Population is Expected to Drive the Growth of Global Electric Mattress Market, according to our research report Global Electric Mattress Market Outlook 2023.

The global electric mattress market is segmented into end-user such as hospitals, homecare settings and hotels. Among these segments, homecare settings are expected to be the fastest growing market owing to changing lifestyle in urban regions and rise in gross disposable income of the population.

Electric mattress market touched USD 5.4 Billion in 2015 and further the market is predicted to register a modest CAGR of over 7% during the forecast period i.e. 2016-2023.

Europe market of electric mattress is the most opportunistic and revenue generated market for electric mattress manufacturing industries owing to increasing demand for electric mattress for comfortable sleep. The market of Europe is mainly upsurge by the weather conditions which further stimulates the demand for electric mattress in the region.

Rising demand of electric mattress:

Increasing demand for electric mattresses in cold regions in order to take proper and comfortable sleep, rising adoption of electric mattresses in urban regions due to changing lifestyle and presence of government regulations for the manufacturing of electric mattresses which is gaining trust of consumers are some of the key factors spurring the demand for electric mattresses.

Advancement in Electric Mattress:

Factors such as introduction of cost-effective and advanced electric mattresses, availability of user friendly and easy to wash electric mattresses, increase in gross disposable income of the population in developing regions and increasing housing spending for comfort and convenience, availability of low cost electric mattresses with various features, growing demand in hospitality sector for the comfort of users and shifting of population towards luxury and premium goods in developing nations are expected to drive the demand for electric mattress in near future.

Although, high cost of electric mattresses, lack of awareness towards electric mattresses across the globe, presence of complexities with electric mattresses such as wire arrangements and reduction of heating efficiency with time are some of the factors which are expected to hinder the market of electric mattresses across the globe.

The report titled Global Electric Mattress Market Outlook 2023” delivers detailed overview of the Global Electric Mattress Market in terms of market segmentation by Product Type, by End-user.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

This report also provides the existing competitive scenario of some of the vendors of the global electric mattress market which includes company profiling of Soft Heat Co., Sunbeam Quilted, Biddeford, and Luxurest LLC, etc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview on the Global Electric Mattress Market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

To know more about this research, kindly visit http://www.researchnester.com/reports/electric-mattress-market-global-demand-growth-analysis-opportunity-outlook-2023/239

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