Global Bed Mattress Market TOC
Global Company Profiles
Bed Mattress Market size is projected to surpass 1,161.45 million units by the end of 2030, growing at a CAGR of 7.90% during the forecast period, i.e., 2022 – 2030. In the year 2022, the industry size of bed mattresses was over 425.15 million units. The demand for bed mattress is growing rapidly owing to increasing urbanization globally. According to World Bank Data, nearly 50% of the global population lives in urban areas as of now. Besides, the number of people living in urban areas is further expected to rise to 6 billion by the end of 2045. As the urban population increases, the demand for furniture is also expected to rise, which in turn would raise the demand for bed mattresses.
In addition, the rising prevalence of sleep disorders is also expected to generate significant demand for bed mattresses. As per the data published by the American Sleep Association in 2021, up to 70 million American adults are affected by sleep disorders. Twenty-five million US adults are likely to suffer from obstructive sleep apnea.
Growth Drivers
Challenges
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Base Year |
2017 |
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Forecast Year |
2022-2030 |
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CAGR |
7.90% |
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Historic Year Market Size (2017) |
425.15 Million Units |
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Base Year Market Size (2021) |
577.22 Million Units |
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Forecast Year Market Size (2030) |
1,161.45 Million Units |
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Regional Scope |
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Type (Spring/Coil, Memory Foam, Latex)
The spring/coil segment in the bed mattress market is estimated to hold the largest volume of 578.00 million units by the end of 2030. The growth of the segment is primarily attributed to the fact that spring mattresses offer a cooler surface to sleep as the coil layer allows airflow. Besides, spring/coil mattresses are highly affordable, which is also a key factor generating significant demand for the product among the middle-class population. Further, there has been a growing development of advanced products, that also contribute to the segment’s growth. For instance, in May 2019, the Saatva Brand introduced a new product designed specifically for people weighing between 300 and 500 pounds. It has a high-density foam for better spinal support and a highly durable coil material that can withstand the load.
Distribution Channel (Online, Offline)
Bed mattress market from the online segment is expected to garner significant growth with a CAGR of 8.24 % during the forecasted timeline. This is primarily attributed to the rising number of websites like Mattress Firm, Bed Bath & Beyond, Sleep Number, and others. Consumers are more comfortable making large purchases over the Internet these days, which is constantly changing the way people think about purchasing durable consumer goods like mattresses. Over the years, the number of online shoppers has increased globally. In 2022, there were approximately 268 million online shoppers in the US alone. The number is further expected to rise to 285 million by 2025.
Our in-depth analysis of the global bed mattress market includes the following segments:
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Type |
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Application |
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Distribution Channel |
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North American Market Forecast
The bed mattress market in North America is projected to reach 273.64 million units by the end of 2030. The market is anticipated to grow with a CAGR of 8.34% over the forecast period. The demand for bed mattresses in North America is rising owing to the robust demand for high-value and luxury bedding products coupled with the growing tourism and hospitality industry in this sector. According to Tourism Academy Inc.'s latest tourism stats, 2.29 billion Americans have domestic trips each year. At the same time, 79.6 million international tourist plans their journey to the US. These statistics will positively impact the tourism industry, creating the need for better lodging and boosting the demand for bed mattresses in North America.
East Asian Market Statistics
The East Asia bed mattress market is expected to record at a CAGR of 9.56% during the forecast period. The market volume of bed mattresses in the region is projected to reach 287.92 million units by 2030 from around 85.63 million units in 2017. Key factors such as the elevating count of the middle-class population in China, Japan, Vietnam, and others, rising income levels, and the developing housing market support the demand for bed mattresses. As per the data published by the Center for Strategic and International Studies, the total share of China's upper-middle-class and lower-middle-class was estimated to be around 16.17% and 34.62%, respectively. Besides, the housing sector is also growing significantly in East Asian countries, which is also a key factor catering to the rising demand for bed mattresses. As per the data published by the Ministry of Land, Infrastructure, Transport, and Tourism, Japan, Japan's housing start construction rose by 6.3% in February 2022, which was 2.1% in January 2022.
Author Credits: Anil Kumar, Ipsheeta Dash
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