Global Mattress Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Innerspring, Foam, and Hybrid), By Size (Queen, Twin, Full, and Others), By Application (Household, Hospitality, Healthcare, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033

Global Mattress Market Insights Forecasts to 2033

• The Global Mattress Market Size Was Estimated at USD 46.07 Billion in 2023
• The Market Size is Expected to Grow at a CAGR of around 5.01% from 2023 to 2033
• The Worldwide Mattress Market Size is Expected to Reach USD 75.11 Billion By 2033
• Asia Pacific is Expected to Grow the Fastest during the Forecast Period.

The Global Mattress Market Was Worth around USD 46.07 Billion in 2023 and is Predicted to Grow to around USD 75.11 Billion By 2033, With a Compound Annual Growth Rate (CAGR) of 5.01% Between 2023 and 2033. The Market is driven by consumer behavior and has been significantly impacted by the importance of sleep quality, with most people placing a high value on their sleep health. Quality sleep is crucial in overall health, influencing physical well-being, mental acuity, and emotional stability.

Market Overview

The mattress industry is a rectangular cushioned structure designed to assist the sleeping body, usually set to a bed frame or base. It is composed of different materials such as foam, intercessory coil, latex, or combination hybrids, which provide different degrees of comfort, support, and endurance. The market has increased considerably due to increasing consciousness among consumers about the importance of sleep, progress in mattress technology, and demand for sleeping solutions. Some reasons that affect the dynamics of the mattress market size include physical innovation, permanent options and online retailing, leading to the mattress as an important element of the global sleep industry. There has been a tremendous change in India over the years. It stands over Rs. 11,000 crores and should grow at a compound annual growth rate (CAGR) of 9% to touch Rs. 14,000 crores by 2021. The online retailing business has grown, driving the growth of the industry and manufacturing at a robust rate. For example, in January 2023, U.S.-based manufacturer GhostBed announced a deal with U.S.-based massage chair maker Cozzia to introduce a new remote-controlled mattress, allowing consumers to enjoy a full-body massage. This deal allowed both companies to provide customers with an innovative product.

Report Coverage

This research report categorizes the mattress market based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the mattress market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the mattress market.

Driving Factors

The mattress market is driven by some key factors including rising awareness regarding sleep health, urbanization, increasing disposable incomes, and rising awareness regarding sleep health. While more and more research confirms the impact of sleep on physical as well as mental health, customers are ever more conscious about needing comfortable as well as supportive mattresses. People are placing better mattresses at the forefront of their needs because of conditions like back pain, insomnia, and stress disorders, which only highlight the need for a good night's sleep. Increased online purchasing has revolutionized the market by offering customers greater than ever before levels of access to a huge range of products and information as well as streamlining the research and buying process.

Restraining Factors

Premium mattresses are expensive, making them inaccessible to a wide spectrum of customers. While there is increased demand for quality products, price sensitivity remains an issue, especially in cost-conscious economies. For producers looking to break into the mid to low-income market, this presents a problem.

Market Segmentation

The mattress market share is classified into product type, size, and application.

• The foam segment accounted for the highest share in 2023 and is projected to grow at a substantial CAGR during the forecast period.

Based on the product type, the mattress market is segmented into innerspring, foam, and hybrid. Among these, the foam segment accounted for the highest share in 2023 and is projected to grow at a substantial CAGR during the forecast period. The growth can be attributed due to customers greatly favoring them because of their exceptional comfort, pressure alleviation, and versatility in terms of sleeping positions. Customers are looking for premium foam options, such as memory foam and latex mattresses, which are renowned for their comfort and durability, as a result of the increased awareness of the significance of sleep quality.   

• The queen segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.

Based on the size, the global mattress market is divided into queen, twin, full, and others. Among these, the queen segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The enhanced attributes can be due to the go-to option for both people and couples because it provides the perfect mix of comfort and space efficiency. Urbanization, rising middle-class affluence, and the development of small but contemporary living areas that call for adaptable bedding options are other factors contributing to its appeal.

• The household segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.

Based on the application, the global mattress market is categorized into household, hospitality, healthcare, and others. Among these, the household segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The growth is attributed to expanding demand for high-end mattresses, rising disposable incomes, and growing consumer awareness of the importance of sleep. Additionally, the rise of e-commerce, urbanization, and residential buildings have increased household access to high-quality mattresses.

Regional Segment Analysis of the Mattress Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the mattress market over the predicted timeframe.

North America is anticipated to hold the largest share of the mattress market over the predicted period. The dominance is due to the high living standards and disposable cash allows consumers to purchase high-end, cutting-edge mattresses, which fuels market demand. The further fueled by a strong culture of health and wellness awareness, which promotes expenditure on high-quality sleep goods.

Asia-Pacific is expected to grow rapidly in the mattress market during the forecast period. The market in the region is driven by rising economic growth and increasing disposable incomes in countries such as Vietnam, China, India, and Indonesia. As increasing numbers of people move to cities, there is a greater demand for high-quality mattresses. Orthopedic, memory foam, and hybrid mattresses are gaining more demand as customers become increasingly aware of the importance of sleep quality.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the mattress market along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, business strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Sleep Number Corp
• Kingsdown, Inc.
• Southerland Sleep
• Hastens Ltd
• Casper Sleep
• Silentnight Group Limited
• Emma
• Paramount Bed Holdings Co. Ltd
• Grupo Pikolin
• Suibao Group
• Greiner AG
• Sheela Foam Ltd
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs) 

Recent Development

• In October 2024, Sleep Number launched the ClimateCool smart designed to maintain optimal body temperature during sleep. The bed features advanced cooling technology, including ceramic gel layers and an airflow system, to adjust to body temperature changes.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the mattress market based on the below-mentioned segments: 

Global Mattress Market, By Product Type

• Innersprings
• Foam
• Hybrid

Global Mattress Market, By Size

• Queen
• Twin
• Full
• Others

Global Mattress Market, By Application

• Household
• Hospitality
• Healthcare
• Others

Global Mattress Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa