Foam Mattress Market to Grow with a CAGR of 4.6% Globally through 2028
Growing awareness of the health benefits of foam
mattresses and advancements in foam technology are driving the Global Foam
Mattress Market in the forecast period 2024-2028.
According to TechSci Research report, “Global Foam
Mattress Market - Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2028”, the Global Foam Mattress Market stood at USD 32.82 Billion
in 2022 and is anticipated to grow with a CAGR of 4.6% in the forecast period,
2024-2028. The global foam mattress market is a dynamic and rapidly evolving
sector within the broader bedding and mattress industry. Foam mattresses have
gained immense popularity worldwide due to their ability to provide comfort,
support, and customization to meet the diverse sleep needs and preferences of
consumers.
The global foam mattress market has experienced robust
growth in recent years. Factors contributing to this growth include increasing
consumer awareness of the importance of sleep quality, rising disposable
incomes, and advancements in foam technology. Consumers are placing a greater
emphasis on their sleep patterns, recognizing that quality sleep plays a
pivotal role in overall health and well-being. This awareness has propelled the
demand for high-quality mattresses, particularly foam mattresses known for
their comfort and support.
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Mattress Market”
Foam mattress technology has evolved significantly,
diversifying the product offerings in the market. Traditional memory foam has
given way to various types of foam, including gel-infused foam, latex foam, and
hybrid foam mattresses. These innovations cater to different sleep preferences
and address common issues associated with foam mattresses, such as heat
retention and motion transfer. Advanced cooling technologies, smart features,
and customization options have further propelled the market's growth by enhancing
the overall sleep experience.
The emergence of e-commerce has reshaped the
distribution and sales channels of foam mattresses. Online retailers offer
consumers a wide range of options, competitive pricing, and the convenience of
doorstep delivery. This shift towards online sales has disrupted the
traditional brick-and-mortar retail landscape, as consumers increasingly opt
for the convenience and accessibility of purchasing mattresses online. The ease
of online shopping, along with generous trial periods and return policies, has
bolstered the growth of foam mattress sales through e-commerce platforms.
Another notable trend in the global foam mattress
market is the growing emphasis on sustainability and eco-friendly materials.
Consumers are becoming more environmentally conscious, driving the demand for
mattresses made from sustainable materials, such as plant-based foams, natural
latex, and recycled components. Manufacturers are responding to this trend by
incorporating eco-friendly materials and obtaining certifications to showcase
their commitment to sustainability. The shift towards more sustainable
mattresses aligns with broader environmental concerns and regulations,
influencing consumer choices.
Personalization and customization have become
increasingly important in the foam mattress market. Consumers seek mattresses
tailored to their specific needs and preferences. Many manufacturers offer
customization options, allowing customers to choose firmness levels, mattress
thickness, and even personalized features like dual firmness for couples. This
trend not only enhances the overall sleep experience but also aligns with the
broader trend of personalized products and experiences across various industries.
In summary, the global foam mattress market is
experiencing robust growth driven by factors such as increased awareness of
sleep quality, technological advancements, the convenience of e-commerce,
sustainability considerations, and customization options. As consumers continue
to prioritize their sleep and seek innovative solutions, the foam mattress
market is poised for sustained expansion and further innovation in the years to
come. Manufacturers in this industry will need to adapt and innovate to meet
the evolving needs and preferences of consumers, ensuring their continued
success in this dynamic market.
The Global Foam Mattress Market is segmented into type,
distribution channel, regional distribution, and company.
Based on type the market is segmented into memory
foam, latex, and others. The global foam mattress market is witnessing a surge
in demand for memory foam mattresses due to their unmatched comfort and support
properties. Memory foam's ability to contour to the body's shape, relieving
pressure points, and promoting restful sleep is resonating with consumers who
prioritize sleep quality. Moreover, advancements in memory foam technology,
such as improved temperature regulation, have addressed past concerns, making
memory foam mattresses even more appealing. As consumers continue to seek
optimal sleep experiences, the demand for memory foam in the global foam
mattress market is on the rise.
Based on distribution channel the market is segmented
into offline and online.
Based on region the market is segmented into five
regions, North America, Europe, Asia Pacific, Middle East & Africa, and
South America.
Major companies operating in Global Foam Mattress
Market are:
- Magniflex
- Hilding Anders International AB
- Breckle GmbH
- Sleep Number Corporation
- RUF beds GmbH
- Pikolin S.L.
- Sealy Corporation
- Simmons Bedding Company LLC
- Silentnight Group
- Serta, Inc.
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“Growing adoption of smart foam mattresses is a
significant trend that is expected to have an impact on growth over the
forecasted period. Growing awareness of the health benefits of foam mattresses
and advancements in foam technology and increasing demand for comfortable and
affordable mattresses will positively impact the Global Foam Mattress Market.
Due to the wide range of products available to meet specific needs of, as well
as the growing popularity of the online distribution channel, the market is
growing at impressive rate through projected period,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based management consulting
firm.
“Foam
Mattress Market – Global Industry Size, Share, Trends, Opportunity, and
Forecast, Segmented By Type (Memory Foam, Latex, Others), By Distribution
Channel (Offline, Online), By Region, By Competition, 2018-2028”,
has evaluated the future growth potential of Global Foam Mattress Market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Foam Mattress Market.
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