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Smart Mattress Market Size

Report ID: GMI11443
Published Date: Sep 2024
Report Format: PDF

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Smart Mattress Market Size

The smart mattress market size was valued at around USD 1.7 billion in 2023 and is estimated to register a CAGR of around 3.7% between 2024 and 2032. As consumers place greater emphasis on their health and well-being, the significance of sleep becomes paramount. Smart mattresses, with features like adjustable firmness, temperature control, and sleep tracking, present tailored solutions that resonate with this focus.

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Additionally, an aging population, seeking specialized sleep solutions for pain relief and improved posture, bolsters this trend.

Smart Mattress Market Report Attributes
Report Attribute	Details
Base Year:	2023
Smart Mattress Market Size in 2023:	USD 1.7 Billion
Forecast Period:	2024 – 2032
Forecast Period 2024 – 2032 CAGR:	3.7%
2024 – 2032 Value Projection:	USD 2.3 Billion
Historical Data for:	2021 - 2023
No. of Pages:	150
Tables, Charts & Figures:	380
Segments covered:	Product Type, Size, Height, Firmness Level, Price Range, Application, Distribution Channel, Region
Growth Drivers:	Increasing consumer awareness about the importance of sleep quality The growing adoption of smart home devices and IoT integration
Pitfalls & Challenges:	High cost

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Smart mattresses command a premium over traditional ones, primarily due to their incorporation of cutting-edge technologies such as sensors, AI, and IoT features. This price point restricts their appeal to affluent consumers, hindering widespread adoption, particularly in regions sensitive to pricing. Furthermore, the electronic components of smart mattresses could pose durability challenges when juxtaposed with their traditional counterparts. Concerns about the lifespan of these electronic elements may make potential buyers hesitant to invest. Moreover, apprehensions regarding potential malfunctions, coupled with the expenses tied to repairs or replacements, further act as deterrents.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The smart mattress industry was valued at around USD 1.7 billion in 2023 and is estimated to register a CAGR of approximately 3.7% between 2024 and 2032, driven by increasing consumer focus on sleep quality and the adoption of smart technologies in mattresses.

Foam mattresses is expected to reach nearly USD 1 billion by 2032 due to the ease of integrating smart technology like sleep tracking and temperature regulation into memory foam and latex foam mattresses.

The residential segment dominates the market, holding a market share of around 83% in 2023, and is expected to increase to 84% by 2032. This growth is fueled by rising consumer awareness of the importance of sleep quality and the increasing adoption of smart home technologies.

North America held the largest market share of approximately 43% in 2023. This region, especially the U.S. and Canada, leads in adopting smart home technologies and innovative products, making it a prime market for smart mattresses, expected to reach USD 1 billion by 2032.

Major players in the market include Amerisleep, Casper Sleep Inc., Eight Sleep, Hilding Anders, iOBED, Kingsdown, Inc., Leesa Sleep, Nolah Sleep, Purple Innovation, LLC, ReST (Responsive Surface Technology), Serta Simmons Bedding, LLC, Sleep Number Corporation, Tempur Sealy International, Inc., Xiaomi, and Zeeq by REM-Fit.