USD 171.66 million
Air Mattress Market Size, Share, Growth Analysis, By Price Range(Economy, Mid- Range, High, Premium), By Product Type(Twin, Full, Queen, King), By Application(Household, Commercial), By Distribution Channel(Offline Retail, Online Retail, Independent Retailers/ Exclusive Stores, Specialty Stores), By End-User(Hotel Industry, Holiday Homes, Hospitals, Others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG25F2009 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|Tables:
148
|Figures:
78
Air Mattress Market Insights
Global Air Mattress Market size was valued at USD 171.66 million in 2019 and is poised to grow from USD 185.05 million in 2023 to USD 363.8 million by 2031, growing at a CAGR of 7.8% in the forecast period (2024-2031).
Because of their odor-free nature, excellent durability, and capacity to expand to full size in a matter of minutes, these items are becoming more and more popular, and this trend is anticipated to continue. Additionally, these products gradually alter the stiffness, which might aid those who experience back pain and other issues with their bones and joints. Therefore, it is anticipated that this product's ability to change hardness in a shorter amount of time will address user convenience.
Air mattresses can ensure pressure alleviation and improved blood circulation for the individual using them while they sleep. But since it can vary pressure points when in a different posture, back pain sufferers may feel better after sleeping on it. The usage of air mattresses is also anticipated to be encouraged in a number of establishments, including hotels and hospitals, as a result of the improvement in the number of international tourists for their journeys as well as the expanding penetration of wellness tourism.
The air mattress market is dominated by the commercial sector, which includes hospitals, vacation spots, and hotels. The business for air mattresses has opportunities thanks to the rising demand for extra beds in hotels, which will help grow the market's clientele and product offerings. In urban regions, there is a lack of available space due to the rise in nuclear families and the small size of rooms. The market is anticipated to rise as a result of an increase in demand for space-saving products. Since air mattresses are inflatable and take up less room than traditional mattresses, the demand for them is further stimulated.
The susceptibility of air leaks in outdoor sites is projected to hinder market expansion. Polyvinyl chloride materials make up the majority of air mattresses. This suggests that they have the capacity to discharge dangerous contaminants into the atmosphere, endangering the health of people.
US Air Mattress Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Commercial
Fastest Growth
Household
Growth Rate
7.8% CAGR
Global Air Mattress Market, 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
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Air Mattress Market Segmental Analysis
The global air mattress market is segmented by price range, product type, application, distribution, end user, application and region. Based on price range, the market is segmented into economy, mid- range, high and premium. By product type, it is categorized into twin, full, queen, king and others. Based on application, the market is bifurcated into household and commercial. By distribution, the air mattress market is categorized into offline retail, online retail, independent retailers/ exclusive stores, and specialty stores. Based on end user, the market is segmented in to hotel industry, holiday homes, hospitals and others. Based on region, the market is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Air Mattress Market Analysis by Product Type
In 2021, twin products accounted for more than 35% share of the global air mattress market. This can be attributed to low price and easy availability through supermarkets and hypermarkets, convenience stores, as well as retail outlets. As a result, a large number of consumers are purchasing the products. With the skyrocket prices of real estate and growing number of nuclear families, people are increasingly paying attention to save cost and buy smaller houses. This has encouraged them to adjust in small living area. In order to overcome the problem, most of the end-user are opting for flexible bedding solution than can be remove and installed as per needs. Wherein, air mattress is becoming popular among consumers.
As per our market analysis, it has been observed that the demand for king size air mattress is expected to grow at the fastest CAGR during the forecast period as a result of shifting consumer preferences towards super-luxurious beds in hotels and vacation resorts.
Air Mattress Market Analysis by Application
By Application, the commercial application segment contributed more than 60% to the global air mattress market revenue. To avoid extra room charges, customers prefer to have extra bedding air mattress options in their rooms. It has been observed that a lot of hotels and hospitals have the product pre-installed in their rooms. Furthermore, establishments such as hotels, hospitals, and vacation homes keep air mattresses on hand to accommodate extra guests. The household application segment is expected to grow at the fastest growth rate in the years to come.
Air Mattress Market Analysis by Distribution
The online distribution channel segment is expected to witness the fastest growth over the assessment period, 2022–2028 thanks to rapidly expanding D2C start-ups and their partnership with e-commerce stores. Most of the start-ups are looking to reduce the number of agents involved in the process of reaching their targeted consumers as well to improve their profit margin without much hassle in the air mattress market. Apart from this, with the increased penetration of smartphones and internet connectivity, large number of people are switching to online shopping. In addition, most of the consumers buying product through online channel prefer purchasing them from the company portals to take advantage of exclusive products, discounted prices, holiday sales.
Global Air Mattress Market By Application , 2021(%)
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Air Mattress Market Regional Insights
North America is dominating the global mattress market and it contributed around 35% to global market revenue. From the last few years, the region has been witnessing a considerable growth in the prevalence sleep related disorders. In order to overcome the problem and improve the quality of sleep, consumers are switching air mattress as it offers better comfort and reduces back and neck pain. Moreover, rising awareness regarding a healthy lifestyle among consumers is adding fuel to the sales of sleeping beds and accessories.
Asia Pacific air mattress market is anticipated to witness the fastest growth with a CAGR of more than 10% due to growing working population in China, South Korea, and India, growing income level, increasing prevalence of sleep disorders, rapid urbanization, and increasing number of home buyers, among others.
Global Air Mattress Market By Geography, 2021 - 2028
- Largest
- Fastest
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Air Mattress Market Dynamics
Air Mattress Market Driver
- According to the United Nations report, World Urbanization Prospects, approximately 54% of the total world population lives in urban areas and it is expected to grow to 66% by 2050. This has resulted in an increase in urban housing occupation and already started driving demand for comfortable bedding solutions like air-mattresses. The global air mattress market is projected to get benefited by rapidly growing urbanization, increasing population, and growing expenditure on buying new houses.
Air Mattress Market Restraints
- Global air mattress market is highly unorganized
- Most of the markets are flooded by Chinese companies that are targeting the consumer by offering super-low-priced air mattresses as well as targeting retailers with higher profit margins to grab more market share
- Strong presence of substitutes is one of the key factors restraining the global air mattress market growth
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Air Mattress Market Competitive Landscape
The global air mattress market is fairly concentrated, with a few big and medium-sized participants accounting for a large portion of the global air mattress market revenue. However, the global market is flooded by Chinese air mattress providers. It has been found that most of the consumers in developing countries are going after Chinese products as they come at cheaper prices and looks attractive to consumers. Apart from this, Chinese players are targeting consumers by launching multiple brands to increase the sales value. However, with the increasing number of online users, this trend is likely to change as large numbers of consumers are performing research and taking help of reviews to get a better picture before making the purchasing decision.
This has encouraged the local and international players active in the air mattress market to improve the quality of products and overcome the Chinese rivalry by opting for D2C route. It has been observed that it has become of one of the keys to reach large number of consumers. Apart from this, the players are targeting the end-users through effective social media campaigns and compelling them to at least visit their site.
Air Mattress Market Top Players Company Profiles
- Intex Recreation Corp.
- Bestway Inflatables & Material Corp.
- Serta, Inc.
- Simmons Bedding Company, LLC
- Sleep Number Corporation
- Select Comfort Corporation
- AeroBed (The Coleman Company, Inc.)
- ALPS Mountaineering
- Insta-bed (The Coleman Company, Inc.)
- Lightspeed Outdoors
- Lazery Sleep
- King Koil Airbeds
- SoundAsleep Products
- Fox Air Beds
- Etekcity Corporation
- Air Comfort
- Ivation
- Pittman Outdoors
- Brentwood Home
- Coleman (The Coleman Company, Inc.)
Air Mattress Market Recent Developments
- In March 2022, Under the SLEEP NUMBER 360 brand, Sleep Number Corporation unveiled its AI-powered smart bed. Advanced embedded sensors in the new product proactively monitor and improve users' sleep and health over time by adapting to their changing needs.
- In February 2022, The American Cancer Society (ACS) partnered with Sleep Number Corporation to conduct quality sleep research on cancer prevention and survivorship. The American Cancer Society (ACS) would use Sleep Number's intellectual sleep data/information to conduct research on the impact of quality sleep on cancer prevention and recovery in order to improve sleep outcomes for cancer patients and survivors.
- In January 2022, Coway, one of the key players in air mattress market, introduced smart care air mattress and smart sleep solution that combines the company's latest sleep and air care innovations with an interactive experience.
Air Mattress Key Market Trends
- Consumers in developed air mattress markets such as the US, the UK, Germany, and France prefer to use twin sized low-profile variants for outdoor camping. These products are easily rolled and stored as a guest bed for house guests. Furthermore, some customers prefer to use an air mattress to stretch across the back seats of their vehicles during road trips.
- Rising disposable income and improving living standard globally have been encouraging people to spend more on home improvements. Wherein, end-users found opting for air mattresses as one of the most effective bedding solutions for guests as they can provide pressure relief and improve blood circulation.
Air Mattress Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our business information services team that collects, collates, co-relates and analyses the data collected by means of primary exploratory research backed by the robust secondary desk research.
According to our market analysis, the air mattress market is growing rapidly, as people are looking for ways to stay comfortable while on vacation or during a sleepover. This market is especially popular among people who want to enjoy a comfortable night's sleep away from home. People use them for different purposes, such as sleeping on the floor when there's no bed available, during camping trips, or when they're traveling. This market is growing rapidly, and there are many companies that are trying to compete with each other.
Online stores are becoming most prevalent among consumers across the globe.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 171.66 million |
| Market size value in 2031 | USD 363.8 million |
| Growth Rate | 7.8% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| 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 |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Air Mattress Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Air Mattress Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Air 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 Air 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.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Air Mattress Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Air 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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