Global Adjustable Beds & Mattress Market

Adjustable Beds & Mattress Market Size, Share, Growth Analysis, By Type(Adjustable Beds, and Adjustable Mattress), By Distribution Channel(Offline retail, and Online retail), By Application(Residential, and Commercial), By Region - Industry Forecast 2024-2031

Report ID: SQMIG25F2021 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 87 | Figures: 76

Adjustable Beds & Mattress Market Regional Insights

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 size was valued at USD 6.35 billion in 2021 and is poised to grow from USD 6.92 billion in 2022 to USD 13.68 billion by 2030, growing at a CAGR of 8.90% during the forecast period (2023-2030).

The competitive landscape of the 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. 'Sleep Number (US)', 'Serta Simmons Bedding (US)', 'Tempur Sealy International (US)', 'Leggett & Platt (US)', 'Craftmatic (US)', 'Reverie (US)', 'Ergomotion (US)', 'Adjustable Bed Factory (US)', 'Relyon (UK)', 'Hästens Sängar AB (Sweden)', 'Select Comfort Corporation (US)', 'King Koil (US)', 'Saatva (US)', 'Sleepwell Industries (India)', 'Hilding Anders (Sweden)', 'Casper Sleep (US)', 'Simmons Bedding Company LLC (US)', 'Sealy (US)', 'Silentnight Group (UK)', 'Kingsdown (US)'

One significant driver of the adjustable beds and mattress market is the increasing prevalence of chronic sleep disorders, such as sleep apnea and back pain. The rising number of people suffering from these conditions is increasing the demand for products that provide comfort and relief, like adjustable beds and mattresses. Additionally, as more people become aware of the benefits of quality sleep, they are willing to invest in high-quality sleep products. This driver is expected to continue to propel the growth of the adjustable beds and mattress market in the coming years.

One key market trend in the adjustable beds and mattress market is the growing popularity of smart beds. Smart beds come equipped with features such as sensors, automatic adjustments, and connectivity to other smart devices, enabling users to monitor and optimize their sleep experience. The increasing adoption of smart home technology and the growing awareness of the benefits of quality sleep are driving the demand for smart beds. Manufacturers are investing in research and development to improve the functionality and features of smart beds, and this trend is expected to continue in the coming years.

North America is expected to maintain its dominance in the 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.

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Global Adjustable Beds & Mattress Market

Report ID: SQMIG25F2021

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