Global Mattress Market is anticipated to Surpass $ 39 Billion by 2022
Increasing health concerns, rising
awareness towards benefits of good sleep, surging home ownership rate coupled
with growing disposable income to drive global mattress market through 2022
According to TechSci
Research report, “Global Mattress Market By Product Type, By Region, Competition Forecast & Opportunities,
2012 – 2022”, mattress market
across the globe is forecast to surpass $ 39 billion by 2022, on the back of increasing
number of hospitals, housing units, rising disposable income, growing awareness
among consumers towards good quality mattresses coupled with increasing
incidences of dust mites and bed bugs allergy and increase in population, which has led to
construction of new housing units. In 2016, 57.66 million new housing units
were constructed, which is anticipated to increase to 59.44 million in 2017 and
is forecast to reach 61.30 million by 2018. Further, global spa market that was valued around
94 billion in 2013 increased to 98.60 billion by 2015, all the above stated
reasons are expected to drive the mattress market globally during
the forecast period.
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spread through 165 Pages and an in-depth TOC on "Global Mattress Market "
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Asia-Pacific region dominated
the global mattress market in 2016 and is expected to generate significant
demand for mattresses through 2022, which can be attributed to growing
preference for a healthy lifestyle products at affordable prices, increasing population, rising GDP and
relatively high production of mattresses compared to other regions. North America region
held the second largest share followed by Europe, South America and MEA. Moreover,
consumers’ preference for large houses over small houses, rising number of nuclear families and new product
innovations by mattress manufacturers are likely to push the sales of
mattresses globally. In terms of mattress size, the market was dominated
by queen size in 2016, which is forecast to maintain its dominance during the
forecast period as well due to rising per sq. ft. area of homes. Demand for
mattresses from the hospitality and corporate sectors is expected to rise owing
to greater emphasis on providing high value services to consumers, consequently
boosting mattress market across the globe over the coming years.
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“Growing heath concerns among consumers, rising demand for
therapeutic beds and mattresses form the commercial sector, greater
accessibility and availability of mattresses at retail stores, continuous improvement
in manufacturing technologies and government initiatives to promote
manufacturing activities are few of the major factors responsible to steer the
growth of mattress market, globally.” said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Global Mattress
Market By Product Type, By Region, Competition Forecast & Opportunities,
2012 – 2022” has
evaluated the future growth potential of global mattress market and provides
statistics and information on market structure, size, share and future growth.
The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment evaluation. Besides, the report also
identifies and analyzes emerging trends along with essential drivers,
challenges and opportunities present in the global mattress market.
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