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

Q: Who are the key vendors in the Adjustable Beds & Mattress Market?

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. '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)'.

Q: What is the key driver of Adjustable Beds & Mattress Market?

One significant driver of the global 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.

Q: What is the key market trend for Adjustable Beds & Mattress Market?

One key market trend in the global 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.

Q: Which region accounted for the largest share in Adjustable Beds & Mattress Market?

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.

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

Adjustable Beds & Mattress Market News

In March 2023, Serta Simmons Bedding announced the acquisition of a controlling interest in foam manufacturer, Carpenter Co.

In January 2023, Adjustable bed manufacturer, Ergomotion, announced a partnership with Purple to develop a new line of adjustable mattresses.

In October 2022, Mattress manufacturer, Kingsdown, announced the launch of its new line of adjustable mattresses.

In September 2022, Online mattress retailer, Casper, announced the launch of its new adjustable bed frame.

In July 2022, Adjustable bed manufacturer, Sleep Number, announced a partnership with Tuft & Needle to develop a line of hybrid mattresses.

Adjustable Beds & Mattress Market Report Snapshots

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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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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

Adjustable Beds & Mattress Market News

Adjustable Beds & Mattress Market Report Snapshots

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FAQs

What is the market size of Adjustable Beds & Mattress Market?

Who are the key vendors in the Adjustable Beds & Mattress Market?

What is the key driver of Adjustable Beds & Mattress Market?

What is the key market trend for Adjustable Beds & Mattress Market?

Which region accounted for the largest share in Adjustable Beds & Mattress Market?

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