Global Latex Mattress Market 2019-2023 | Introduction of Smart Mattresses to Boost the Market | Technavio

Technavio has published a new market research report on the global latex mattress market from 2019-2023. (Graphic: Business Wire)

LONDON--()--A new market research study by Technavio on the global latex mattress market projects the market to grow at a CAGR of close to 12% during the period 2019-2023. This research report provides an in-depth analysis of the market in terms of revenue, top drivers, and emerging market trends. It also includes detailed insights and forecasts for all the market segments across different geographies.

Highly developed offline retail sector in developed countries

With rising brand consciousness, the value and penetration of the organized retail segment is increasing significantly. The organized retail sector allows consumers to explore several brands and compare them over several parameters, such as quality, price, and comfort. This helps customers in making informed purchase decisions. Moreover, a shift in consumer preference from traditional to modern retail channels such as specialty store is increasing the sale of latex mattresses through offline retail channels. This will have a positive impact on the manufacture and retail of branded mattresses in the market.

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Introduction of smart mattresses

Smart mattresses that comprise of technologically-advanced features such as sleep monitoring systems are gaining immense popularity worldwide. Sensors located under the mattress track sleeping hours, sleep movements, and other vital records of the user. Such mattresses are characterized by distant operability, automatic angle adjustments, and alarm-setting features. The incorporation of smart features in latex mattresses helps to improve convenience, comfort, and the overall sleeping experience of the user. Thus, the launch of smart mattresses will increase the total demand for mattresses, thereby contributing to the growth of the global latex mattresses market.

According to a senior analyst at Technavio, “Apart from the introduction of smart mattresses, several other factors such as the growing demand for eco-friendly mattresses, the need for multifunctional beds will have a significant impact on the growth of the latex mattress market size during the forecast period.”

Low adoption rates in developing countries

The latex mattress market is witnessing significant growth in developed countries. However, the market scenario is different in developing countries of MEA, APAC, and South America due to low purchasing power and the lack of awareness. Moreover, the lower population density in rural areas compared with the urban in developing countries limits the sales of lifestyle products, which are considered superfluous when financial resources are limited. However, latex mattress companies are constantly striving to boost sales and expand their presence in developing countries, which will positively impact the growth of the latex mattress market during the forecast period.

Top players in the global latex mattress market:

  • Brentwood Home
  • Kingsdown
  • Organic Mattresses
  • Restonic
  • Serta Simmons Bedding

Some of the key topics covered in the global latex mattress market include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. It provides detailed market research reports that provide clients with actionable insights to help them identify market opportunities and design effective strategies to optimize their market position.

With over 500 specialized analysts, Technavio boasts of an extensive report library comprising of over 10,000 reports, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than a hundred Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets. Technavio helps companies to assess their competitive position within changing market scenarios.

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Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200

Release Summary

Technavio's global latex mattress market research report projects the market to grow at a CAGR of close to 12% during the period 2019-2023.


Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200