The global mattress pads market is projected to reach a value of US$ 442.22 million in 2023. By 2033, market demand is anticipated to grow to US$ 700.01 million, with a compound annual growth rate (CAGR) of 4.7% over the forecast period from 2023 to 2033.
Mattress pads, made from soft down feathers or memory foam, add a layer of comfort to the sleeping surface. They are designed to address specific needs like pain relief, temperature regulation, and support. Modern mattress pads are durable and significantly enhance bed comfort. Millennials and Gen Z are expected to be key buyers in this market. While local and specialty stores were once the primary outlets for mattress sales, there’s a growing shift toward online retailers. This trend is driven by faster product delivery and lower costs, making online shopping a convenient option for purchasing mattress pads.
Mattress Pads Market – Key Trends
Enhancement in core technology and innovation in production equipment will generate prospects that will drive the mattress pads market during the assessment period. Increasing consumer’s preference for enhanced products is the foremost driver for mattress pads market across geographies.
A wide range of product offerings and continuous product innovations and launches is set to broaden the application of mattress pads worldwide. For instance, Alexander Signature cooling topper by Nest Beddings offers memory foam made from Energex foam, which contours with the body.
Market players are leveraging several media platforms for promoting their product offerings and also offering customization to improve consumer retention.
Furthermore, growing awareness concerning the comfort provided by mattress pads and the rise in customer expenditure on luxury bedding products for relaxed sleep is projected to boost sales of mattress pads in several nations globally.
Mattress Pads Market – Growth Restraints
Rise in raw material price in addition to customer’s preference for the regional products due to price constraint, especially in developing nations is projected to constraint the market expansion. Unawareness of the availability of mattress pads and weaker distribution channels is also hindering the market growth in developing regions.
COVID-19 Impact on Mattress Pads Market
The COVID-19 pandemic is having a huge impact on various industries and the mattress pad industry is no exception. Disruption in raw material availability and supply chains is directing the market towards economic uncertainties. As such, manufacturers are likely to have to move their focus on e-commerce platforms to withstand their revenue pool.
The outbreak is escalating the requirement for the digital transformation method as governments and businesses strive to provide daily essentials and connectivity to exposed communities.
Digitization will remove barriers for small businesses to expand, providing products at better quality and delivery at a cheaper price. While the crisis is impacting customers buying propensities, with the partial lift in lockdowns, globally, the mattress pads market is set for a sturdy recovery.
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Mattress Pads Market – Region-wise Analysis
North America will remain as the prominent region in the global mattress pads market owing to increased sales of mattress pads and the presence of top manufacturers in the region.
East Asia and South Asia are anticipated to be the fastest-growing market in the approaching years due to the increasing demand for mattresses from a growing population, also, to increase in the standard of living in emerging economies increases expenditure on premium home furnishings. This, consecutively, boosts the mattress pads market in the Asian region.
Mattress Pads Market – Competitive Analysis
The presence of several manufacturers in the global mattress pads market is anticipated to escalate the competition in the market place over the years to come.
Prominent manufacturers for mattress pads operating in the global market are Sealy Corporation, Serta, Inc., Tempur-Pedic North America, LLC, Sleep Number Corporation, Simmons (SEA) Pte Ltd., Dreamfoam Bedding, McRoskey, Innocor, Inc., (Sleep Innovations), Memory Foam Solutions, Organic Mattresses, Inc., Devon Duvets, Airweave, Milliard Bedding, Healthcare Co., Ltd., and Vita Talalay latex.
Manufacturers are focusing on product innovation and developments to boost their market presence. For instance, Saatva launched Organic Mattress Pads which are made from 100 % organic cotton washable pads. It offers effective temperature control and the fabric is certified by GOTS( Global Organic Textile Standard).
Exceptionalsheets bamboo mattress pads manufactured by eluxury supply offering around an inch of thickness with Revoloft fill and a plush feel to the pad. Below the fill is a backing of 70% polyester and 30% cotton.
Global Mattress Pads Market: Key Players (this is an indicative list – full list of key players available upon request)
- Tempur-pedic
- Select Confort Corporation
- ORGANIC MATTERESSES INC
- Simmons Bedding Company LLC
- Serta INC
- Sealy INC
- Jeffco fibers
- McRoskey Mattresses
- Pure Letex Bliss
- Sleep Studio
- Therapedic
- CKI
Regions and Countries Analyzed in the Report
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Rest of LATAM)
- Europe (Germany, U.K., France, Italy, Spain, Poland, Russia, Rest of Europe)
- East Asia (China, Japan, South Korea)
- South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
- Oceania (Australia, New Zealand)
- Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)
Mattress Pads Market – Market Segmentation
By Types
- Memory Foam Mattress Topper
- Latex Mattress
- Father Mattress Topper
- Wool Mattress Topper
- Others
BY Application
- Household
- Commercial
By Distribution Channels
- Online
- Offline
Author:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
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