Global Mattress Market Report and Forecast 2024-2032

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Mattress Market Growth

A mattress is a rectangular pad designed to be used as a bed or as a part of a bed to support the reclining body. Mattresses may consist of a quilted or attached case and generally a heavy cloth, containing products like hair, straw, cotton, foam rubber, or a metal spring frame. A mattress topper is often added to complement the comfort provided by the mattresses.

The development of the healthcare and hospitality sectors is one of the main factors contributing to the mattress market expansion. Rising disposable incomes along with an increase in global homeownership are other factors that can boost the demand for mattresses over the forecast period. This is because increasing demand from the real estate industry to serve the housing requirements has resulted in a rise in the sale of home furniture such as mattresses, pillowcases, and bed linen, thus, aiding in the market growth.

Key Trends and Developments

Mattress Market Trends

The market share is also growing due to the robust marketing strategies adopted by major players, like discounts, offers, and sales, which are expected to bring further stability to the market. The availability of different mattress sizes and types, to suit the demands of the consumers is driving the market growth further. Expansion of stores and outlets specialising in mattresses and growing penetration of online distribution channels are other factors propelling the mattress market growth.

Moreover, the rising standards of 5-star and 7-star hotels in hospitality industry are further fuelling the demand for high-quality mattresses as these hotels are investing in premium mattresses to bolster the comfort of occupants. In addition, rising investments in healthcare infrastructure in countries worldwide are increasing the demand for mattresses. Hospitals as well as other healthcare treatment facilities typically have beds with specialised mattresses to examine patients and for patients requiring overnight stay within hospital premises.

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Mattress Industry Segmentation

Mattress Market Share

Households use mattresses on a large scale for elevating their sleeping comfort

The household segment accounts for the largest share of the market. This segment includes mattresses used in residential settings, such as homes and apartments. The demand for household mattresses is driven by several factors, including increasing disposable income, growing awareness of sleep quality, rising back ache issues, and the expansion of online retail.

Companies like Tempur-Pedic and Sleep Number have seen significant growth in their household mattress sales due to their focus on providing high-quality and comfortable mattresses. Similarly, online retailers like Casper and Purple have disrupted the traditional mattress market by offering affordable, high-quality orthopaedic mattresses directly to consumers.

The commercial segment includes mattresses used in hotels, hospitals, and other institutional settings. This segment is driven by factors such as the growing hospitality industry, increasing focus on customer experience, and rising number of patients in hospitals. For instance, hotels like Marriott and Hilton have invested in high-quality mattresses to enhance customer satisfaction and loyalty. Similarly, hospitals and healthcare facilities prioritise mattresses that provide optimal back support and comfort for patients, driving demand for commercial mattresses.

Innerspring mattresses have a strong presence due to their widespread familiarity, while memory foam mattresses dominate due to consumer preferences for advanced support

Innerspring mattresses are the traditional mattress type, featuring a coil system that provides support and comfort. As per mattress market analysis, this segment accounts for a significant portion of the market, driven by consumer familiarity and preference for the classic innerspring design.

Memory foam mattresses have gained immense popularity in recent years due to their ability to conform to the body's shape, providing pressure liberation, relief from back ache, and improved sleep quality. This segment has experienced robust growth, catering to consumer demand for advanced comfort and support. Reportedly, a significant proportion of consumers (66%) believe that memory foam mattresses are the best type of foam available.

Latex mattresses are known for their natural, eco-friendly properties and responsive support. This segment appeals to consumers seeking more sustainable and healthier sleep solutions. Latex mattresses have witnessed steady growth as consumers have become more conscious of their environmental impact.

Leading Companies in the Mattress Market

Market players are investing in eco-friendly and multi-functional mattresses to cater to the growing demand for sustainable products

Tempur Sealy International, Inc.

Is the world's largest bedding provider, founded in 1992 and headquartered in Minnesota, United States. The company offers mattresses, adjustable bases, pillows, and other sleep and relaxation products. Its portfolio includes well-known brands such as Tempur, Tempur-Pedic, Cocoon by Sealy, Sealy, and Stearns & Foster.

Serta Simmons Bedding, LLC

Was founded in 1987 and is headquartered in Minnesota, United States. The company focuses on developing next-g...

Spring Air International

Was established in 1883 and is headquartered in Missouri, United States. The company is recognised for its inn...

Kingsdown, Inc.

Is a handcrafted mattress manufacturer founded in 1904 and headquartered in North Carolina, United States. The...

*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*

Other key players in the global mattress market include Southerland, Inc and Sleep Number Corporation, among others.

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Mattress Market Analysis by Region

Asia Pacific leads the market due to rising demand for comfortable mattresses among middle class population of the region

Asia Pacific dominates the share of the market, driven by the region's substantial population and economic growth. Key factors such as urbanisation, rising export levels, the expanding middle class, and heightened spending on premium mattresses have been instrumental in the market's expansion. As per industry reports, Japan exported USD 41.1 million in mattresses in 2021, making it the 48th largest exporter of mattresses in the world.

The mattress market in Asia Pacific is also expected to be shaped by technological innovations, such as smart mattresses with sensors and cooling technology. For example, Saatva introduced the Memory Foam Hybrid Mattress in 2022 to broaden its customer base.

Meanwhile, North America’s market share is growing due to the rise in single-family home construction, increased home renovations, and growing consumer awareness of the importance of quality sleep and healthy sleep habits. The work-from-home trend during the COVID-19 pandemic has also led many consumers to invest in upgrading their mattresses and sleep setups. As per industry reports, 16.8 million mattresses were sold in the US in 2023, showcasing the rising demand for mattresses.

Mattress Market Report Snapshots

Mattress Market Size

Mattress Market Growth

Mattress Market Trends

Mattress Market Share

Mattress Companies

Mattress Market Regional Analysis