Executive Summary
Market Performance: The Global Mattresses market is expected to grow at a CAGR of 6.3% as demand for the product grows in the healthcare sector, which is supported by governments all over the world, as well as the thriving hospitality sector. Bedding product lines, as a prevalent household furnishing item, have witnessed a consistent demand over the years. In addition, new compact products in the bed-in-box category are proving to be convenient for users and simple to ship for retailers, gaining market traction. Due to increasing consumer demand, Kingsdown, one of the leading companies, introduced a Boxed-Bed type product in January 2020.
COVID-19 an Upward trend: Hospitals are increasing their demand for beds, which has resulted in a significant increase in the demand for mattresses. Kingsdown announced plans to expand its operations in response to the increasing demand for treatment and recovery beds caused by the increasing number of COVID-19 cases. The company is concentrating on accelerating its Care Xpress programme, which will provide medical-grade products. The company also announced the conversion of three of its mattress productions lines to the production of beds for use in momentary health care facilities centres during the disease outbreak.
Moreover, as the global population's purchasing power has been impacted by the lockdown, there's been a drop in demand for mattresses from the household and hospitality segments.
Changing Consumer Preferences: Consumers are more satisfied making large online purchases these days, which is continuously transforming the way people think about purchasing durable consumer goods like mattresses. In January 2021, the global average for internet penetration was 92.6 %. Companies that sell directly to consumers cut out the intermediaries and save money by avoiding commission fees and showroom fees. Online mattress retailers have attempted to overcome consumer apprehension about purchasing damaged or unwanted product by providing free rates of return within such a three-month window, and it appears to work to the extent that the online mattress space is expanding.
Increasing Sleep Disorders: Sleep deprivation is a massive concern that can lead to a variety of negative health effects. The availability of adequate cushioning to sleep on plays an important role in boosting the market. Furthermore, manufacturers are focusing hard to understand consumers' sleeping problems and develop products that meet their needs. Duroflex launched Duropedic, an orthopedic product certified by the National Health Academy, in India in 2019.
As a result, getting better sleep is anticipated to provide an opportunity for expansion in the bedding products industry in terms of customized product development.
Scope of the Study
The following synopsis is based on the report " Global Mattress Market- COVID-19 Impact and Outlook to 2026" published by Makreo Research and Consulting Firm. The report delves deeply into various parameters such as market size, segmentation, value chain analysis, and industry cause and effect analysis. The study includes market dynamics that provide an understanding of industry opportunities, driving forces, major challenges impeding growth, and an analysis of future opportunities that may help market players capitalise on untapped business potential in the specific geography.
The report helps readers to gain information on the following areas:
Table of Content
1. Research Methodology
Objective of the Study
Research Process
Data Collection Methods
Analytical Framework
2. EPTD Analysis
EPTD Analysis
EPTD Analysis: Economic Overview
EPTD Analysis: Political Overview
EPTD Analysis: Technological Overview
EPTD Analysis: Demography Overview
3. Global Trade Facts
Mattress Trade Facts : United States
Mattress Trade Facts : Canada
Mattress Trade Facts : Mexico
Mattress Trade Facts : United Kingdom
Mattress Trade Facts : Italy
Mattress Trade Facts : China
Mattress Trade Facts : India
4. Coronavirus Impact over Mattress Industry
Worldwide COVID-19 Spread
Number of Total Cases of Coronavirus (COVID-19) in the World
Coronavirus Impact over Global Mattresses Market
Coronavirus Impact over North America Mattresses Market
5. Global Mattress Market Performance and Forecast
Global Mattress Market Structure
Global Mattresses Market Performance
Global Mattress Market Revenue
Global Mattress Market Future Outlook
6. Global Mattresses Market Segmentation
Global Mattress Market Segmentation by Products
Global Mattress Market Segmentation by Products – Innerspring Mattresses
Global Mattress Market Segmentation by Products – Memory Foam Mattresses
Global Mattress Market Segmentation by Products – Latex Mattresses
Global Mattress Market Segmentation by Application
Global Mattress Market Segmentation by Distribution Channels
7. Global Mattress Market: By Geography
Global Mattresses Market Analysis By Geography
Global Mattress Market By Geography – North America
Global Mattresses Market By Geography – Europe
Global Mattress Market By Geography – Asia Pacific
Global Mattresses Market By Geography – Rest of the World
8. Global Mattress Market-Mergers & Acquisition
Mergers & Acquisitions
9. Global Mattress Industry-Company Profile
Company Profile – Tempur Sealy International, Inc.
Company Profile – Paramount Bed Holdings Co. Ltd.
Company Profile – Sleep Number Corporation
Company Profile – Sheela Foam Ltd.
Company Profile – Greiner AG
Company Profile – Others
10. Global Mattress Industry-Market Dynamics
Global Mattress Market – Recent Trends & Developments
Global Mattress Market – Driving Forces
Global Mattress Market- Challenges
11. Macro-Economic Factors
Macro-Economic Performance
Macro-Economic Factors: Population Facts
Macro-Economic Factors: Osteoarthritis and Spinal Stenosis Cases
Macro-Economic Factors: Sleep Apnea Cases
Macro-Economic Factors : Working Population
Macro-Economic Factors : Global Health Care Expenditure
Macro-Economic Factors : North America Health Care Expenditure
Macro-Economic Factors : Europe Health Care Expenditure
Macro-Economic Factors : Asia Pacific Health Care Expenditure
Macro-Economic Factors : Disposable Income & Cost of Raw Material
Limitations of the Study