Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
Global Electric Mattress Market Overview
Rapid growth of housing industries across the globe and growing infrastructure facilities in growing economies are likely to adopt advanced and comfortable accessories for daily needs. Electric mattress consist of electrically chargeable layer inside the mattress cover which heat up the upper layer of the mattress when the electrical charge passed through it. These mattresses are connected with a wire and can easily be operated with the help of remotes and sensors. Various electrically operated mattresses have introduced in the global market with the purpose to fulfill the biological needs of human body such as sleep. The electric mattress provides better sleep and comfort to the user by maintaining the temperature. These mattresses are also used for the patients in hospitals suffering from various backbone diseases. Electric mattress are integrated with the temperature module and equipped with temperature sensors.
Market size and forecast
The market of electric mattress touched USD 5.4 Billion in 2015 and further the market is predicted to register a modest CAGR over the forecast period i.e. 2016-2023. Further, Europe electric mattress market is the most opportunistic and revenue generated market for electric mattress manufacturing industries owing to increasing demand of electric mattress for comfortable sleep. The market of Europe is mainly up surged by the weather conditions which are further stimulating the demand for electric mattress in the region.CLICK TO DOWNLOAD FREE SAMPLE REPORT
Europe is expected to be the largest market in overall electric mattress market across the globe on account of extended winter season, changing lifestyle of the populations, rising personal disposable income and rapid expansion of urban cities across the region. Growing demand for electric mattress is likely to upsurge the market of Europe region during the forecast period i.e. 2016-2023. After Europe, North America has the second highest demand for electric mattresses in 2016; U.S. being the biggest consumer in North America followed by Canada. Moreover, the demand can be attributted to rapid expansion in healthcare and hospitality sectors owing to increasing investments aims to provide comfortable and better services to the consumers in North America region. These factors estimated to swell the demand for electric mattresses in near future. Growing concern towards quality sleep and enhanced electric mattresses are likely to augment the growth of electric mattresses market globally. Likewise, increasing demand for electric mattresses in cold regions in order to take proper and comfortable sleep is expected to gain more traction for electric mattresses in near future.
Market Segmentation
Our in-depth analysis segmented the global electric mattress market in the following segments:
By Size
By End-User
By Region
Global Electric Mattress Market is further classified on the basis of region as follows:
Growth Drivers and challenges
Increase in aging population coupled with body aches, rising adoption of electric mattresses in urban regions due to changing lifestyle, growing awareness towards the benefits of electric mattresses, and rising concern towards better and comfortable sleep among the populations are some of the factors driving the market of electric mattress across the globe.
Factors such as introduction of cost-effective and advanced electric mattresses, availability of user friendly and easy to wash electric mattresses, rising preferences by physicians towards electric mattresses for appropriate sleep and presence of government regulations for the manufacturing of electric mattresses which gain trust of consumers are some of the key elements prompting the demand for electric mattresses across the globe. Additionally, 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 some of the major key elements swelling the demand for electric mattresses across the globe.
Conversely, 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.
Key Players
The key players of electric mattress market are as follows:
Scope and Context
Overview of the Parent Market
Analyst View
Segmentation
The Global Electric Mattress Market is segmented as follows:
By Regions
Market Dynamics
Supply and Demand Risk
Competitive Landscape
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in current dynamic environment
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