Global Mattress Market Will Surpass USD 69,077.7 Million Revenue by 2030, Says P&S Intelligence

NEW YORK, Jan. 16, 2023 /PRNewswire/ -- In 2022, the mattress market size was $40,810.1 million, which will likely rise to $69,077.7 million by 2030, at a 6.80% CAGR from 2022 to 2030, according to a research report by P&S Intelligence.

The development of the industry is attributed to that of the tourism sector, which is generating the requirement for more hotels and leading to the increasing sales of mattresses.

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Furthermore, the increasing concerns for health and the snowballing per capita income have boosted the demand for mattresses, as people are spending more on health-improving items. In addition, people are not shying away from paying more for sleeping aids. The majority of the people compare costs and read the product feedback before purchasing bedding.

Customers Continue To Prefer Bedding Made of Memory Foam

In 2022, the memory foam category was the highest revenue generator. This can be credited to the fact that people suffering from orthopedic conditions, such as joint problems, majorly select memory foam as it provides better comfort than other materials. In addition, the utilization of these products in the hospitality industry is because they are affordable and easily available.

Queen- and King-Size Variants Are Becoming More Popular 

In 2022, the queen-size category dominated the market, with a share of approximately 38.5%, and it is projected to grow at a significant pace in the coming years. This can be ascribed to the booming acceptance of queen-size variants in homes, mainly because of their low cost.

Similarly, the king size category is projected to grow at a significant rate in the future. A king-size variant is big enough to adjust two people, still leaving space for a small child or a pet. A king-size mattress is the best option for people looking for more space for sleeping.

The commercial sector is expected to grow at a significant rate over this decade. It is been observed that the average residential users swap their mattresses every 8–10 years, and a hotel usually buys a new one every 4–6 years.

Browse detailed report on Mattress Market Size, Share, Growth and Demand Forecast to 2030

Mattress Manufacturers Remain Most Profitable in Asia-Pacific

The APAC region is leading the industry, with a revenue share of approximately 40% in 2022. This is due to the huge population of India, Indonesia, and China. As the purchasing power of the middle-class population from this region is increasing, their urge to spend more for improved standards of living is also surging. Such factors are expected to support APAC in remaining the largest consumer of such products in the future.

Mattress Market Report Coverage

By Product

• Innerspring
• Memory Foam
• Latex

By Size

• Single
• Double
• Queen
• King

By Distribution Channel

• Online
• Offline

By End Use

• Residential
• Commercial
• Hotel
• Hospital

Regional Analysis

• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• France
• Italy
• Spain
• Asia-Pacific
• China
• India
• South Korea
• Japan
• Australia
• Latin America
•  Brazil
• Mexico
• Middle East and Africa
• Saudi Arabia
• South Africa

Browse More Reports Published by P&S

Europe Mattress Market Share, Growth, Development and    Future Analysis

Canada Mattress and Accessories Market Share, Growth, Development and Future Analysis

U.S. Mattress Market Share, Growth, Development and Future Analysis

About P&S Intelligence

P&S Intelligence provides market research and consulting services to a vast array of industries across the world. As an enterprising research and consulting company, P&S believes in providing thorough insights on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. P&S keeps the interest of its clients at heart, which is why the insights we provide are both honest and accurate. Our long list of satisfied clients includes entry-level firms as well as multi-million-dollar businesses and government agencies.

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SOURCE P&S Intelligence