The global mattresses & accessories market is projected to grow from a valuation of USD 44.8 billion in 2023 to USD 84.1 billion by 2033, registering a compound annual growth rate (CAGR) of 6.5%. This growth is largely driven by changing consumer preferences, increasing health consciousness, and innovations in mattress technology.
In recent years, almost every industry, including the mattresses sector, has been influenced by technological disruptions. These shifts are expected to continue, as consumers increasingly demand products that align with their heightened awareness of health and wellness. The growing awareness of the importance of sleep, stress management, and the therapeutic benefits of high-quality mattresses is reshaping the market landscape.
As disposable incomes rise, particularly in emerging economies, the demand for luxurious, comfortable, and health-conscious sleep products is on the rise. The real estate and hospitality sectors have also experienced growth, contributing to the increasing demand for premium mattresses and accessories in both residential and commercial settings.
Key Trends Shaping the Market
- Shift to Online Platforms: While offline retail outlets have traditionally been popular for mattress purchases, consumers are increasingly turning to online platforms for the convenience of home delivery, a wider variety of products, cost comparison, and customization options. Online retailers are becoming a game-changer for both consumers and vendors.
- Technological Advancements: Innovations such as breathable fabrics, cooling gels, and customizable firmness options are boosting the appeal of mattresses. The use of eco-friendly and organic materials is also gaining momentum, with certifications like OEKO-TEX® Standard 100 and CertiPUR-US® for foam ensuring product safety and consumer trust.
- Growing Demand for Eco-Friendly Products: Increased awareness about the harmful effects of synthetic materials used in traditional mattresses has created a surge in demand for natural and sustainable alternatives.
- Health Benefits: Mattresses with therapeutic benefits, such as the prevention of back pain, are gaining popularity, particularly in regions like East and South Asia, where a growing urban population is willing to invest in quality sleep products.
Regional Insights
- East Asia: East Asia dominates the market, driven by a growing urban population and increasing demand for luxurious, health-conscious mattresses.
- South Asia: South Asia is witnessing steady growth as consumers invest in spacious and comfortable sleep solutions amidst rapid urbanization.
- Europe: Europe is experiencing significant growth due to a shift towards larger homes and increased demand in the hospitality and healthcare sectors.
Competitive Landscape
Market players are expanding their manufacturing capabilities and strengthening their global footprint to increase their market share. Many are focusing on the development of hybrid mattresses, driven by growing consumer willingness to invest in premium products. For example, Eight Sleep launched its latest biometric-monitoring smart mattress, featuring a dual thermostat that adjusts the bed’s temperature to stay warm in the winter and cool in the summer.
Century Mattresses introduced the Sleepables range, designed to offer high-quality, luxurious, and stylish mattresses tailored for comfort, particularly for individuals experiencing body pain or discomfort, including pregnant women. The range also includes waterproof accessories to ensure a high level of hygiene.
Kurlon acquired Spring Air, a luxury mattress brand based in the USA, for approximately USD 10 million. This acquisition will help Kurlon enhance its revenue and market presence in the region. Similarly, Sheela Foam, the maker of Sleepwell mattresses, acquired Interplast, a Spanish company, which will bolster its presence in Europe.
Major Key Players
- Kingsdown Inc.
- Spring Air International
- Sleep Number Corporation
- Tempur Sealy International Inc.
- Simmons Bedding Company LLC Serta Inc.
- Southerland Inc.
- Relyon Limited
- McRoskey Mattress Company;
- Corsicana Mattress Company.
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Mattresses & Accessories Market – Segment Analysis
Product Type:
- Memory foam mattress
- Hybrid mattress
- Innerspring mattress
- Latex mattress
- Other (water bed mattress, air filled mattress, and gel filled mattress)
Mattress Size Type:
- Twin or single size mattress
- Twin XL size mattress
- Full or double size mattress
- Queen size mattress
- King size mattress
- Others mattress (king long or California king size mattress, super king size mattress or grand size mattress, and athletic king size mattress.
Regions and Countries Analysed in this report
- North America (USA, Canada)
- Latin America (Mexico, Brazil, Rest of LATAM)
- Europe (Germany, United Kingdom, 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)
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