LONDON--(BUSINESS WIRE)--The global mattress market is expected to post a CAGR of over 7% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report
The vendors operating in the global mattress market are increasingly focusing on providing mattresses made up of organic and natural materials, such as natural latex, organic cotton, organic wools, and other organic materials. As they contain non-toxic materials, they will not cause any side effects and allergies and reduce the environmental impact of mattress production. The mattresses made up of organic wool can effectively circulate air, which helps in regulating the mattress' temperature. Furthermore, an eco-friendly mattress contains high-quality materials and can last more compared with mattresses made from other materials. Thus, these benefits offered by eco-friendly mattresses will encourage more commercial and individual end-users to buy such models, which in turn will increase their sales and fuel the growth of the global mattress market.
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As per Technavio, the growing demand for customized mattresses will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Global Mattress Market: Growing Demand for Customized Mattresses
Currently, offering customized models of mattresses is one of such strategies followed by vendors operating in the global mattress market. By offering customized models as an added service, vendors are focusing on meeting unique requirements, comfort, and support of their customers and maintaining a strong customer relationship. Furthermore, end-users may require mattresses, other than that of standard sizes, based on the availability of area in the house or other establishments. Also, individuals with back pain require additional support during sleeping, which can be achieved through the customization of mattresses. Moreover, vendors are also offering customization through their online platforms on the basis of materials, size, mattress height, foundation height, and others. Hence, the availability of customization options will encourage more commercial and individual end-users to buy such models, which will influence the growth of the mattress during the forecast period.
“Apart from the growing demand for customized mattresses, the expansions of vendors offering mattresses, the continuous development of new products, and the growing demand for smart mattresses are some major factors expected to drive market growth largely during the forecast period,” says a senior analyst at Technavio.
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Global Mattress Market: Segmentation Analysis
This market research report segments the global mattress market by distribution channel (offline and online), by product (innerspring mattress, memory foam mattress, latex mattress, and other mattress) and geographical regions (APAC, North America, Europe, South America, and MEA).
The APAC region led the market in 2018, followed by North America, Europe, South America, and MEA respectively. During the forecast period, the APAC region is expected to maintain its dominance over the global market and register the highest incremental growth. This is due to the expansion and innovations by vendors in the region.
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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