The Global Mattress Market is expecting around 6.5% CAGR during 2022-27, cites MarkNtel Advisors in their recent research report. The rapidly developing residential sector, improving economic conditions, and changing living standards are projecting an increasing consumer inclination toward buying high-quality mattresses for greater comfort and proper support to the body, i.e., the prime aspect driving the global market.
Besides, the flourishing trend of nuclear families & separate bedrooms for kids is further driving the market. Moreover, as the need for mattresses is escalating rapidly, the competition among the leading manufacturers is also notably growing, i.e., portraying extensive & easily available mattresses across different distribution channels and, in turn, positively influencing the growth of the global market.
Moreover, the mounting demand for orthopedic mattresses in healthcare facilities & several households is encouraging the leading players to introduce new products with enhanced features and, in turn, projects remunerative prospects for the market in the coming years, further states the research report, “Global Mattress Market Analysis, 2022.”
Soaring Influx of Tourists & Migrants to Boost the Market across the Commercial Sector
Massive investments by governments of different countries in expanding the commercial sector to enhance tourism, i.e., leading to the increasing number of hotels & resorts & their mounting focus on offering high-quality hospitality services to customers, is driving the global market across the commercial sector. In addition, the surging influx of tourists & migrants across different countries is another crucial aspect accelerating the demand for mattresses and contributing significantly to the overall market growth.
Swift Expansion of Residential & healthcare Sector to Drive the Market across Asia-Pacific
With the expanding population & residential sector, coupled with the rapidly developing e-commerce industry, Asia-Pacific is expecting the largest share in the Mattresses Market during 2022-27. Besides, the growing interest of people in having nuclear families is also surging the demand for mattresses and augmenting the regional market growth.
Besides, governments of different countries in Asia-Pacific are focusing on strengthening their respective healthcare sectors, i.e., leading to a growing number of hospitals, clinics, etc. It, in turn, is soaring the demands for medical mattresses and projecting lucrative opportunities for the regional market over the coming years, reveals MarkNtel Advisors in their research report, "Global Mattress Market Analysis, 2022."
The leading players in the Global Mattress Market are Grupo Pikolin, Kingsdown Inc., King Koil Mattress Co., Paramount Bed Holdings Co. Ltd., Sheela Foam Limited, Spring Air Company, Tempur-Sealy International, Inc., Sealy Corporation, Select Comfort, Simmons Bedding Company LLC, Southerland Bedding Co., and Suibao Group.
Key Questions Answered in the Research Report