Tempur Sealy International Continues to Lead Global Mattress Market
Growing
number of nuclear families coupled with rising demand from commercial and
institutional sectors to drive global mattress
market through 2023
According to TechSci Research report, “Global Mattress Market By Product Type, By Size, By End Use, By Region, Competition Forecast and Opportunities, 2013-2023”, the global mattress market is forecast
to reach $ 42 billion by 2023. Growth in the global mattress market is anticipated
on account of decreasing replacement cycle of mattress, growing number of
nuclear and independent families, and rising discretionary income across major
developing as well as developed economies. Moreover, booming sales of mattresses via online sales channel coupled
with rising demand from the commercial and institutional sectors including hotels,
colleges, hospitals, etc., is further aiding growth of global mattress market.
Browse 96 market data Figures and Tables spread through 126 Pages and an in-depth TOC on "Global
Mattress Market "
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On the basis
of type, global mattress market can be broadly categorized into innerspring,
memory foam, latex, air filled and water mattresses. Innerspring segment
dominated the market in 2017 due to their high demand as these mattresses are
relatively less expensive than other types of mattresses. Tempur Sealy International, Inc was the leading player in the global mattress
market in 2017, followed by Serta Simmons Bedding, LLC, Sleep
Number Corporation, and Corsicana Mattress Company. In terms of region, Asia-Pacific dominated the market with more than
one-third of the value share in 2017. This region is expected to generate
significant demand for mattresses in the coming years and is anticipated to remain
dominant through 2023 as well on account of relatively huge population base and
rising number of commercial and residential projects in the region.
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As per a recent Voice of Customer
survey conducted by TechSci Research, price and warranty came across as the
most important differentiating factors during the purchase of mattresses.
Furniture stores emerged as the most vital sales channel in the global mattress
market. “Rising number of nuclear families,
especially in the Asia-Pacific region, is positively influencing the global
mattress market. Moreover, manufacturers are steering the market with continuing
inflow of innovative and customized mattresses offering enhanced sleep comfort to
the users. Additionally, growing demand for eco-friendly mattresses coupled
with various other technological advancements would further boost the global mattress market over the
course of next five years.” said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“Global MattressMarket By Product Type, By Size, By End Use, By Region, Competition Forecast and Opportunities, 2013-2023” 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
is intended 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 major drivers, challenges and
opportunities present in the global mattress market.
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