Mattress Market Analysis, Market Trends, Types and Application, Industrial Analysis & Forecast to 20
The mattress market size is projected to cross $38.3 billion by 2022, growing at a CAGR of 6.9% between 2016-2022. The surging home ownership rate and growing number of households with more bedrooms are the key factors driving the growth of the market.
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Broadly, there are two types of mattresses including Innerspring and Specialty (Non-Innerspring). The key types of specialty mattresses include memory foam, latex, and support. The innerspring mattress market accounts for a fair share in North America, Europe, and Rest of the World. However, they have less prevalence in Asia-Pacific, due to the dominance of other types of mattresses, such as coir mattress.
North America was the second largest mattress market in North America in 2015, after Asia-Pacific. The market in the region is growing at a slow rate; however, the companies in the region are involved in rigorous research and development to bring about innovative products. The North American market for mattresses is expected to reach $8.9 billion by 2022. Among all the North American nations, the U.S. accounted for 84.9% share in the North American market for mattresses in 2015. Canada on the other hand, held a share of 11.1% in the same year; however, its share is expected to decline slightly during the forecast period, owing to the weakening economy in the country.
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The major companies operating in the mattress market include Tempur Sealy International Inc., Simmons Bedding Company LLC, Spring Air International Inc. LLC, Select Comfort Corporation, Kingsdown Inc., Reylon Beds, Southerland Bedding, and Corsicana Bedding Inc.
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