Sleeping Mattress Market

Market Overview

The global sleeping mattress market size was valued at USD 27,419 million in 2021. It is projected to reach USD 43,270.3 million by 2030, growing at a CAGR of 5.2% during the forecast period (2022-2030). 

The sleeping mattress is designed to be used as a bed filled with a cushioning material intended for sleeping. Numerous materials, including foam, latex, innerspring, and hybrid mattresses, are available as sleeping beds to suit different customer needs. To stay relevant in the fiercely competitive market, the firms keep developing cutting-edge technologies, including contactless sleep trackers and mattress cooling software. Due to the increase in the number of residential and hotel units, infrastructure expansions are one of the main reasons driving the growth of the worldwide sleeping mattress market.

Additionally, a surge in demand for luxurious and uniquely made mattresses is anticipated since mattresses are a more accurate reflection of a person's quality of life than any other consumer durable. With increased disposable income and an increase in the population of wealthy people, premium products are projected to gain significant growth during the forecast period.

Market Dynamics

Global Sleeping Mattress Market Drivers

Growing Urbanization and Rapid Expansion of the Hospitality Industry

More than half of the global population lives in cities, and the rate of urbanization worldwide is 55.7%, according to UNCTAD. The need for sleeping mattresses is also increasing with the exponential population increase. Rapid urbanization and population growth thus have a favorable effect on the residential and commercial sectors, increasing the need for sleeping mattresses. Additionally, the hospitality sector offers its clients the best sleeping and comfort conditions. As a result, the demand for more incredible and comfy mattresses is growing within the hospitality sector. There has been an increase in interior design and house renovation projects in metropolitan and developed areas, which has boosted the market.

Rapid Innovation in Sleeping Mattress

Consumers' needs are met by a variety of readily available sleeping mattresses. Significant market companies are investing in innovative strategies and goods. The Sleep Number Corporation just introduced the Sleep Number 360 Smart Bed, and the ability to be adjusted is a significant aspect of the mattress. The intelligent mattress can detect the position of the sleeper and automatically change to that position to encourage restful sleep.

Global Sleeping Mattress Market Restraint

Growth of Counterfeit Products

Counterfeiters deliver customers damaged and subpar mattresses at the same or a lower price than the brand name product. Additionally, it has been common practice to offer imitation sleeping mattresses with copied brand names and without the necessary safety certificates, which seriously hinders the market's expansion. Such actions damage the market's qualified players' ability to build their brands. Additionally, these fake beds make people uncomfortable and worsen their allergies and sleeping problems, further compromising their health.

Global Sleeping Mattress Market Opportunities

Health Monitoring through Sleeping Mattress

The prevalence of sleeping disorders is rising alarmingly due to poor sleep habits and medical problems. Additionally, the mattress incorporates artificial intelligence to monitor users' health as they sleep and regulate the temperature accordingly. This technology is anticipated to alter the worldwide mattress market shortly. Additionally, Magnifies, an Italian mattress maker, intends to introduce MagniSmartech, a comparable product, in the following year. The mattress, bed base, and bed are all integrated into this new high-tech system. It has sensor-based technology that can gather information about the room's individuals and the space itself.

Segmental Analysis

The global sleeping mattress market is segmented by product type, battery type, and drive mechanism.

Based on product type, the global sleeping mattress market is bifurcated into foam, innerspring, latex, and hybrid.

The foam segment is the highest contributor to the market and is expected to grow at a CAGR of 4.7% during the forecast period. Memory foam is utilized because it gives the impression of sinking in and protecting. The foam slowly carries the shape of the bodyweight pressing it, and when the weight is removed, the foam returns to its original condition. The added support and cushioning are the main characteristics of memory foam that make it excellent for side sleepers and customers with body discomfort and related health issues. Memory foam's main advantages are pressure point relief, good spinal alignment, motion isolation/low motion transfer, resistance to dust mites and allergies, and compatibility with adjustable beds. The demand for memory foam mattresses is also rising as people become more aware of the importance of getting enough sleep and how it can help those with sleeping disorders.

The term "hybrid" refers to the combination and layout of these mattresses. Due to the inclusion of both foam/latex and innerspring, hybrid beds are becoming more and more popular. These mattresses combine greater comfort and softness of either latex or memory foam with superior support and bounce provided by the coil. Along with providing comfort, edge support, bounce, relief, and temperature regulation, these elements work together to create hybrids. Hybrid mattresses are getting more and more well-liked since they are so comfortable. Therefore, this crucial feature is increasing demand for hybrid sleeping mattresses.

Based on end-users, the global sleeping mattress market is bifurcated into residential and commercial.

The residential segment owns the highest market share and is expected to grow at a CAGR of 5.1% during the forecast period. Apartments, houses, neighborhoods, residential structures, and residential blocks all fall within the residential sector. Instead of being for corporate or commercial usage, the products in this sector are intended for household use. Mattresses for domestic use have an 8–10 year lifespan. Consumers are replacing mattresses more frequently due to increased internet sales and rapid innovation. Another essential element driving up demand for domestic sleeping mattresses is the increase in urbanization. Additionally, customers are choosing better interior designs for their homes and adding additional rooms due to the rise in disposable money, which has led to an increase in demand for residential sleeping mattresses.

The commercial category includes the hospitality sector, where one company buys beds to comfort visitors. In guest homes, hotels, and restrooms, commercial mattresses are used. Due to the rise in corporate and tourist needs, the service life of commercial mattresses is 5–6 years. Additionally, the market for commercial sleeping mattresses is expanding quickly since commercial end users replace sleeping mattresses more frequently than residential users.

Based on distribution channels, the global sleeping mattress market is bifurcated into online and offline.

The offline segment is the highest contributor to the market and is expected to grow at a CAGR of 5.1% during the forecast period. Traditional furniture stores and specialist businesses are included in the offline mattress market. A specialty store is a small retail establishment selling a specific product line and related goods. Mattress retail sales have increased as consumers like to research and assess products before purchasing. Offline retailers also run voucher and coupon promotions to promote customer foot traffic. There are many benefits to selling mattresses offline, including the ability for speedy delivery and return. Customers can also visit mattress retailers in person to feel the quality of the products and compare them to other accessible options.

Online stores are essentially virtual shops where products and services are sold via websites without needing a physical location. Due to the ease of purchasing, ongoing customer support, and availability of a vast selection, online retailers are becoming more and more popular with consumers. The inventory of sleeping mattresses is made available on numerous websites, including those run by Walmart, Target, Amazon, Flipkart, and businesses. Buying sleeping mattresses is frequently done through online platforms due to the benefits of quick accessibility, product attribute information, time-saving features, and home delivery capabilities offered by online platforms. The market is expanding due to rising e-commerce sales, improved logistical services, and simple payment methods.

Regional Analysis

North America Dominates the Global Market

The global sleeping mattress market is bifurcated into four regions, namely North America, Europe, Asia-Pacific, and LAMEA.

North America is the most significant shareholder in the global sleeping mattress market and is expected to grow at a CAGR of 3.8% during the forecast period. North America is analyzed across the U.S., Canada, and Mexico. The industry's operating companies are recalibrating their customer segments, creating product portfolios, adopting omnichannel strategies, repositioning their brands, and implementing new service models. According to the Sleep Health Organization, 7% of Americans report feeling sleep deprived. In-house estimates state that more than 50 million Americans of all ages and socioeconomic backgrounds suffer from sleeping problems. Due to the region's high prevalence of sleep-related disorders, the market is anticipated to rise moderately over the forecast period.

Asia-Pacific is expected to grow at a CAGR of 6.9%, generating USD 16,572.8 million during the forecast period. The market in this region has significant growth potential since Asia-Pacific companies offer new and cutting-edge creative bedding solutions that appeal to an extensive consumer base. The rise of contemporary retail channels in the area is projected to present attractive prospects to involved players, given the region's growing urbanization and digitalization. Additionally, the growing consumer awareness of the value of sleep is projected to fuel the growth of this market in the area. Due to its enormous consumer base and rising living level, the area will likely draw western manufacturers.

European nations strictly restrict mattress raw materials, testing requirements, and chemical components. But the market for sleeping mattresses in the bedding items market is anticipated to rise strongly. In its highly developed economy, Europe strongly emphasizes the ability to recycle mattresses. Partnerships between manufacturers and raw material suppliers are growing to reduce the threat of landfill pollution. Dow Polyurethanes and German plant maker H&S Anlagentechnik have collaborated to generate recycled polyols from used mattresses. Additionally, beds manufactured from natural materials like jute, cotton, wool, and coconut fibers are becoming more popular in the area.

The expansion of the healthcare and hospitality industries, an increase in per capita spending on home care items, and an increase in the affordability of mattresses are the main drivers of the growth of the sleeping mattress market in the Middle East and Africa. Due to the significant demand for mattresses in the area, Nigeria is one of the top mattress markets in Africa. The country's rising living level is causing consumers to spend more money on bedding products, drawing more mattress manufacturers to Nigeria and launching various mattresses on the Nigerian market.

Recent Developments

• June 2022- Serta Simmons Bedding Unveiled Limited Edition Sleep Collection with Nate Berkus.
• July 2022- Kingsdown, Kurl-On Enterprise Ltd, All Zedbed mattresses feature engineered foam cores optimized for use on adjustable bases.

Sleeping Mattress Market Segmentation

By Product Type

• Foam
• Inner Spring
• Latex
• Hybrid

By End-User

• Residential
• Commercial

By Distribution Channels

• Online
• Offline

By Regions

• North America
• Europe
• Asia-Pacific
• LAMEA