Latex Mattress Market Volume Analysis size share and Key Trends By 2025
Posted: Sep 08, 2019
The global latex mattress market size is anticipated to reach USD 12.4 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.8% over the forecast period. Growing preference for luxury lifestyle catering to better sleeping products is anticipated to fuel the growth of the market over the forecast period.
Latex mattress witnesses increasing demand as a result of growing incidences of back problems and joint pain due to poor quality mattress, resulting in inadequate sleep. Therefore, market witnesses increased spending on mattresses as a need to promote mental and physical health, which is expected to increase latex mattress market demand over the forecast period.
Latex mattress has the ability to heal natural alignment of spine and provides quality sleep owing to its comfort and cushioning properties. Thus, proper distribution of body pressure in order to support the natural spine curvature also helps in improving blood circulation, which ultimately acts as a bonus for health and wellness. It also helps in promoting pain relief and is recommended by osteopaths, therapists, and chiropractors.
In addition, increasing prevalence of backache issues and spinal misalignment has urged consumers to invest in quality mattresses, which, in turn, is expected to drive the demand for latex mattress. According to statistics, 27 million of Americans aging 18 years or older have been associated with back pain in 2017. Thus, sleeping on a poor quality mattress is expected to be one of the prominent reasons causing back pain in adults and adolescents across the world.
In addition, less of work life balance across young adults has increased the occurrence of various joint pain issues including backache, which is expected to positively impact the growth of the latex mattress market. Moreover, growth of the hospitality sector has increased the construction of hotels, which, in turn, is pushing up the demand for superior quality latex mattresses.
In terms of type, blended mix latex generated a revenue of USD 3.1 billion in 2018. The blend of natural latex in combination with synthetic latex helps the mattress in gaining properties such as more durability, lesser chemical production, and increased firmness consistency. Moreover, in order to provide a beneficial mix of both, companies produce mattress containing ratio of 60:40 or 70:30 natural vs synthetic according to the manufacturer’s choice. Thus, this product gained popularity owing to various attributes and is also cheaper as compared to natural latex mattress.
In terms of application, the commercial sector is expected to witness the highest growth over the forecast period. Increasing infrastructural development across regions, particularly developing countries, is driving the hospitality sector such as hotels and hospitals. Rising demand for hospitals and hotels, particularly in countries such as India, China, and Vietnam is one of the major factors driving the market.
Thus, manufacturers are taking constant efforts in developing newer products in the market with upgraded technology so as to deliver the best of products in the segment. For instance, in October 2018,Innocor Inc. had launched an Amazon exclusive brand called Revel with its Innocor Foam Technologies, which serves commercial customers.
North America dominated the global market, accounting for 30.4% share of global revenue in 2018. Rise in the number of households catering to increasing home furnishing products and healthier lifestyle chosen by the consumers of the region is expected to drive the market. Moreover, growing importance of natural ingredients in mattress production, such as latex mattress helps in preventing spinal and muscle disorders, acts as a key driving factor.
To request a sample copy or view summary of this report, click the link below: https://www.grandviewresearch.com/industry-analysis/latex-mattress-market
Further key findings from the report suggest:
The blended mix segment generated a revenue of USD 3.1 billion in 2018
The commercial application segment is expected to expand at a CAGR of 7.1% over the forecast period
Asia Pacific is the fastest growing region, expanding at a CAGR of 7.4% from 2019 to 2025
Top players operating in the market include Sleep On Latex, Simmons Bedding Company LLC., Astrabeds LLC, Spindle, Dreamfoam Bedding, Sleep Number Corporation, PlushBeds, Royal-Pedic Mattress Mfg., and Spring Air International.
Grand View Research has segmented the global latex mattress market by type, application, and region:
Latex Mattress Type Outlook (Revenue, USD Million, 2015 - 2025)
Latex Mattress Application Outlook (Revenue, USD Million, 2015 - 2025)
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting