USD 6.35 billion
Report ID:
SQMIG25F2021 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
87
|Figures:
76
Adjustable Beds & Mattress Market size was valued at USD 0 Billion in 2023 and is poised to grow from USD 0 Billion in 2024 to USD 0 Billion by 2032, growing at a CAGR of 8.90% during the forecast period (2025-2032).
Adjustable beds are becoming increasingly popular due to their ability to customize sleep positions. They allow users to adjust the bed's head and foot positions, providing comfort and relief for conditions such as sleep apnea, acid reflux, and back pain. Additionally, adjustable beds can be beneficial for reading, watching TV, or working on a laptop. When paired with the right mattress, adjustable beds can enhance the sleeping experience and improve overall sleep quality. Choosing the right mattress for an adjustable bed is essential to ensure proper support and alignment while sleeping. As regulations became more relaxed towards the end of a certain period, there was an increase in online sales, which helped bolster the growth of the industry.
Adjustable beds and mattresses, smart beds, fire stick TVs, and other smart items have entered a transformative phase as a result of the widespread acceptance of smart homes in urban areas. There is also an increasing demand for a luxurious lifestyle that satisfies both aesthetic and functional requirements, further driving the demand for products in the industry. Furthermore, chronic sleep deprivation has a significant impact on a person's quality of life. Numerous clinical studies have shown that factors such as jet lag, breathing problems, and discomfort caused by the mattress's durability and firmness can lead to sleep disturbances. Therefore, consumers are willing to invest in high-quality mattresses, which is supporting the industry's growth. Before purchasing a mattress, various factors such as comfort need to be taken into account. To help consumers examine these aspects, many companies are now offering physical trials of their products. For instance, Wakefit offers a 100-day in-house trial period for their mattresses, allowing consumers to evaluate the quality, firmness, sagging period, and if they experience any backache issues before deciding if the product is worth the price. Furthermore, manufacturers in the industry are expanding their businesses globally and reaching the right audience through mergers and acquisitions as marketing techniques.
US Adjustable Beds & Mattress Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 6.35 billion
Largest Segment
Offline Retail
Fastest Growth
Online Retail
Growth Rate
8.90% CAGR
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adjustable beds & mattress market is segmented on the basis of material, distribution channel, type, and region. Based on type, the market can be segmented into adjustable beds, and adjustable mattress. Based on distribution channel, adjustable beds & mattress market is segmented into Online retail and Offline retail. Based on application, the market is segmented into residential, and commercial. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Adjustable Beds & Mattress Market Analysis by Type
Based on type, the market is segmented into adjustable beds, and adjustable mattress. Adjustable beds have been in the market for a long time and have been in demand among individuals who suffer from back pain, respiratory issues, and other health conditions that require a customized sleeping solution. The increasing prevalence of sleep disorders, coupled with the rise in the geriatric population, has driven the demand for adjustable beds. Moreover, the growing awareness of the benefits of adjustable beds in improving sleep quality and overall health is also contributing to the segment's dominance in the market.
On the other hand, the adjustable mattresses segment is expected to register the fastest growth rate due to the increasing awareness of the benefits of customized mattresses in improving sleep quality and reducing back pain. However, the growth rate of the adjustable mattress segment is lower compared to adjustable beds, primarily due to the higher cost of adjustable mattresses and the preference for traditional mattresses among a significant portion of the population.
Adjustable Beds & Mattress Market Analysis by Distribution Channel
With respect to segmentation by distribution channel, the market is categorized into offline retail, and online retail. Offline retail, including mattress and furniture stores, has been the traditional distribution channel for adjustable beds and mattresses. Customers prefer to physically try out the products before making a purchase, especially when it comes to mattresses. Therefore, offline retail has been the primary choice for customers who want to experience the product before buying. Additionally, the in-store experience provides customers with expert guidance from sales personnel and facilitates better communication with the sellers. These factors have contributed to the dominance of offline retail in the market.
However, the online retail segment has been witnessing significant growth in recent years and is projected to emerge as the fastest growing segment in the forecast period. The convenience of online shopping, coupled with the availability of a wide range of products, is driving the growth of this segment. Customers can easily compare different products, read reviews, and make informed purchase decisions from the comfort of their homes. The growth of online marketplaces like Amazon and other specialized mattress and furniture retailers has also contributed to the growth of the online retail segment.
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North America is expected to maintain its dominance in the global adjustable beds and mattress market during the forecast period. This dominance is attributable to the increasing prevalence of chronic sleep disorders, such as sleep apnea, and back pain. Additionally, the region's aging population, coupled with a rise in disposable incomes, is increasing the demand for these products. Furthermore, technological advancements and a high level of consumer awareness are driving market growth in the region.
On the other hand, the Asia Pacific region is experiencing the fastest growth in the adjustable beds and mattress market due to the region's booming e-commerce industry and increasing urbanization. Additionally, the adoption of smart homes and luxury lifestyles is contributing to the market's growth. China, Japan, and India are the key contributors to the growth of the adjustable beds and mattress market in the region.
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Adjustable Beds & Mattress Market Driver
Increasing Prevalence of Chronic Sleep Disorders to Propel Demand
Adjustable Beds & Mattress Market Restraint
High Cost of Adjustable Beds & Mattress may Hamper Growth
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The competitive landscape of the global adjustable beds and mattress market is highly fragmented on account of the presence of many small and large players. The market is characterized by intense competition, with companies competing on factors such as price, product quality, and innovation. To remain competitive, players in the market are focusing on product development, expanding their distribution networks, and adopting marketing strategies such as mergers and acquisitions. The increasing demand for high-quality sleep products is creating opportunities for new players to enter the market and gain a foothold.
Adjustable Beds & Mattress Market Top Player’s Company Profiles
Adjustable Beds & Mattress Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The global adjustable beds and mattress market is a rapidly growing industry, driven by the increasing demand for high-quality sleep products. The market is highly fragmented, with many small and large players competing on factors such as price, product quality, and innovation. The market is characterized by intense competition, and companies are focusing on product development, expanding their distribution networks, and adopting marketing strategies such as mergers and acquisitions to remain competitive. The growing prevalence of chronic sleep disorders and the popularity of smart beds are key market drivers. However, the high cost of these products is a significant restraint, limiting their adoption in developing regions.
Report Metric | Details |
---|---|
Market size value in 2021 | USD 6.35 billion |
Market size value in 2030 | USD 13.68 billion |
Growth Rate | 8.90% |
Base year | 2023 |
Forecast period | 2023-2030 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Adjustable Beds & Mattress Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Adjustable Beds & Mattress Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Adjustable Beds & Mattress Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Adjustable Beds & Mattress Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG25F2021
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