Mattress Market Size, Share, Growth Analysis, By Material(Spring/Coil, Foam, Latex, Others), By Size(Queen, Twin, Full, Others), By Application(Households, Hospitality Facilities, Healthcare Facilities, Others), By Region - Industry Forecast 2024-2031

In 2021, North America became the region in the global mattress market with the greatest prominence. The North American market, which is headed by the United States, is distinguished by a considerable customer predilection for luxury and high-end goods. Several studies indicate that if the current mattress does not provide the desired level of comfort, the typical North American consumer typically purchases a new one. According to data, the United States sells about 35.9 million mattresses each year. Many firms have concentrated on releasing new items across distribution channels in order to enhance their market share.

For example, in order to create high-quality products meant to last a lifetime, Shinola, a design company with headquarters in Detroit, and Serta Simmons Bedding have launched a new brand alliance. Shinola adheres to the same strict standards of excellence in engineering and workmanship as we do. Together, they’re introducing a ground-breaking mattress line that combines Shinola's classic design with Serta's renowned comfort.

The tourism and travel sector are expanding quickly, which is good for the European market. Numerous tourist destinations around Europe are helping to facilitate product circulation in the hotel industry. According to data, 538 million international visitors came to Europe in the last year, making up half of all visitors worldwide.

The fastest CAGR is anticipated to be recorded by the Asia Pacific for the global mattress market from 2022 to 2028. The market growth in the region is a result of the constantly rising number of housing units in China and India. For instance, a 99acres.com report released on April 14 states that consistent demand revival in the Indian real estate market, supported by favorable government policies and numerous developer incentives, has resulted in a 20 percent year-over-year (y-o-y) increase in housing unit sales in January to March 2021.