Bed Mattress Market size was over USD 37.4 Billion in 2023 and is expected to exceed USD 48.73 Billion by the end of 2029, witnessing over 5.60% CAGR during the forecast period i.e., between 2024-2029. In the year 2024, the industry size of bed mattress is assessed at USD 37.11 Billion.
This growth of the market is expected to be dominated by the growing prevalence of sleeping disorders. For instance, in the case of America in 2023, as per NCBI, 50-70 million Americans chronically observe wakefulness and sleep disorders. This sleep disorder is further boosting the risk of depression and other chronic disease. Hence, the adoption of bed mattresses is set to rise.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2029 |
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CAGR |
5.60% |
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Base Year Market Size (2024) |
USD 37.11 Billion |
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Forecast Year Market Size (2029) |
USD 48.73 Billion |
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Regional Scope |
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Type (Spring/Coil, Memory Foam, Latex, Hybrid)
Memory foam segment in the bed mattress market is expected to cross USD 23.79 Billion by 2029, up from a revenue of USD 18.04 billion in the year 2024. The distinctive characteristics of a memory foam mattress render it excellent for daily use. When lying on the mattress, the foam adapts to the curve of your body. Another important characteristic of the foam is its flexibility, enabling the material to adapt to the shape of the body regardless of weight or build.
The mattress may combine well with body heat while retaining its shape after extended use. A memory foam mattress offers support for the body, and the body-conforming characteristic of the memory foam ensures proper spinal alignment. As a consequence, the neutral position provides excellent spinal support while sleeping. Its capacity to alleviate back or body discomfort renders it unique and popular. Moreover, the growth of memory foam mattresses is high among people suffering from respiratory problems. Hence, with the surging prevalence of respiratory disease, the segment is growing. For instance, globally over 2 out of every 20 individuals suffer from chronic respiratory disease.
Additionally, the spring/coil segment is also predicted to grow over the forecast period. Coil spring mattresses, usually referred to as innerspring mattresses, are among the most traditional and commonly utilized forms of mattresses. It is made out of several spring coils forming the support framework, sandwiched between layers of cushioning and fabric.
Application (Residential, Commercial)
In bed mattress market, residential segment is set to exceed USD 38.9 Billion by the end of 2029. This growth of the segment is anticipated to be influenced by growing disposable income. For instance, Euromonitor estimates that disposable incomes and expenditure globally per household in 2022 were projected to increase by 2.6%. Hence, the adoption of bed mattresses is projected to be high in the residential sector. While comfort and performance are essential a mattress's visual appeal and compliance with bedroom decor additionally impact consumer preferences.
Individuals who prefer to establish a coherent and visually appealing area prefer bed frames and mattress styles that complement the overall design of the bedroom. People attempting to enhance their quality of sleep prefer features including pressure relief, motion isolation, and temperature regulation. Memory foam and hybrid mattresses, for instance, are noted for their ability to relieve pressure while minimizing motion transfer.
Our in-depth analysis of the 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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APAC Market Statistics
Asia Pacific region in bed mattress market revenue is anticipated to reach USD 17.46 Billion by the end of 2029. This revenue is set to reach USD 13.68 billion in the year 2024. This growth of the market is set to be encourage by the growing middle-class population. According to the World Economic Forum, in 2020, about 2 billion Asians were middle class and this number is predicted to rise to 3.5 billion by 2030. Therefore, the demand for market is projected to rise.
The China market for bed mattress is anticipated to gather the highest market revenue of USD 8.26 billion by the end of 2029 owing to the rising construction activities in this area.
The market for bed mattress in India is also projected to grow over the forecast period on account of the rising urban population.
Additionally, the Indonesian market is estimated to have notable growth over the coming years. This could be owing to a rise in the number of house owners.
North America Market Analysis
In bed mattress market, North America region is anticipated to grow at over 6.43% CAGR between 2024 and 2029. This growth is expected to be encouraged by the growing millennial population who are looking forward to the appealing interior. In 2022, millennials were the highest group of people in the U.S., with over 71 million population. Which is why, the bed mattress market in this region is anticipated to observe growth.
Furthermore, in this region, the US market for bed mattress is projected to capture the highest revenue in the market of USD 15.35 billion by the end of 2029. This growth is set to be dominated by growing tourism industry.
Also, the Canadian market is predicted to experience growth over the coming years since this area is experiencing a rise in the launch of various advanced mattresses.
The market for bed mattress consists of several key players who are significantly affecting the market expansion with the launch of products and methods of promotion to reach a large number of end users. Some of the major players include:
Author Credits: Parul Atri
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