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Mattress Market Analysis

  • Report ID: GMI12738
  • Published Date: Dec 2024
  • Report Format: PDF

Mattress Market Analysis

Based on product type, the market can be segmented into innerspring mattresses, memory foam mattresses, latex mattresses, hybrid mattresses, gel mattresses, down alternative mattresses, and others. The innerspring mattresses segment accounted for revenue of around USD 16.9 Billion in the year 2024 and is estimated to grow at a CAGR of around 5.6% from 2025 to 2034.
 

Budget-conscious consumers often gravitate towards innerspring mattresses, which typically come at a lower price point than their memory foam or hybrid counterparts. This cost-effectiveness has bolstered sales across diverse income brackets, particularly in emerging markets where price sensitivity is paramount. Renowned for their durability, innerspring mattresses excel in delivering firm support. Their coil systems adeptly distribute body weight, ensuring a consistently supportive sleep surface.
 

Mattress Market Share, By End-Use, (2024)

Based on the end-use, the global mattress market is categorized as residential and commercial. The residential segment held around 79% of the total market share in 2024 and is anticipated to grow at a CAGR of 5.3% during the forecast period. With a growing focus on health, consumers are prioritizing quality sleep.
 

Many are turning to premium mattresses, aiming to boost sleep quality, enhance posture, and alleviate back pain. There's a noticeable shift towards personalized comfort in mattress choices. Furthermore, residential buyers are gravitating towards mattresses equipped with cutting-edge features like temperature control, adjustable firmness, and sleep monitoring.
 

U.S. Mattress Market Size, 2021 – 2034, (USD Billion)

The U.S. mattress market accounted for revenue of around USD 14 billion in the year 2024 in North America and is estimated to grow at a CAGR of around 5.6% from 2025 to 2034.
 

North America: In the U.S., a wealthy consumer base is increasingly seeking premium mattresses, such as memory foam, hybrid, and adjustable models. As disposable incomes rise, consumers are more inclined to invest in top-tier sleep solutions. Heightened awareness of sleep's significance and its health implications has led many Americans to prioritize mattresses that promise enhanced comfort, support, and longevity.
 

Europe: In Germany mattress market, consumers are increasingly prioritizing sleep quality and wellness, resulting in a surge in spending on premium mattresses. This trend is evident in the rising demand for luxury and customized options, with products such as memory foam, latex, and hybrid mattresses leading the charge. Additionally, online mattress retailers have seen significant progression in their presence across Germany. With direct-to-consumer brands and major platforms providing convenient purchasing avenues, sales have flourished across a diverse range of price points.
 

Asia Pacific: As disposable incomes rise, a burgeoning middle class is increasingly seeking higher-quality mattresses. Urban consumers, in particular, are gravitating towards products that prioritize sleep comfort and health. Meanwhile, China's booming e-commerce landscape has transformed the mattress sector. Major online platforms, including Alibaba, JD.com, and niche mattress brands, are broadening product accessibility. Coupled with flexible payment plans and enticing promotional discounts, these platforms are driving sales to new heights.
 

Middle East: Saudi Arabia's Vision 2030 is not just a blueprint for the nation's future; it's a catalyst for growth across various sectors. As the country diversifies its economy, the residential and hospitality sectors are witnessing a boom, leading to a surge in mattress demand. With disposable incomes on the rise, Saudis are increasingly opting for premium sleep solutions.
 

The online retail scene in Saudi Arabia is flourishing, with numerous platforms now selling mattresses straight to consumers. These platforms, bolstered by flexible return policies and competitive pricing, are making mattresses more accessible, particularly to the younger demographic.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global mattress industry was valued at USD 48.6 billion in 2024 and is projected to grow at a CAGR of over 5.3% from 2025 to 2034, driven by increasing consumer awareness and demand for sleep comfort.

The innerspring mattress segment recorded USD 16.9 billion in revenue in 2024 and is expected to grow at a CAGR of around 5.6% from 2025 to 2034, as budget-conscious consumers prefer its affordability compared to memory foam or hybrid options.

The U.S. market generated approximately USD 14 billion in 2024 and is forecasted to grow at a CAGR of around 5.6% from 2025 to 2034, supported by rising disposable incomes and demand for premium sleep solutions.

Key players in the industry include Ashley Furniture Industries, Casper Sleep Inc., Dorel Industries Inc., Hästens Sängar AB, Healthcare Co., Ltd. (MLILY), IKEA, Kingsdown, Inc., Magniflex S.p.A., Purple Innovation, Inc., and Restonic Mattress Corporation.

Mattress Market Scope

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Premium Report Details

  • Base Year: 2024
  • Companies covered: 15
  • Tables & Figures: 180
  • Countries covered: 18
  • Pages: 220
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