Global Smart Mattress

Global Smart Mattress Market Research Report: Forecast (2022-2027)

By Width (Less than 40 inches, 40-60 inches, Above 60 inches), By Application (Residential, Commercial), By Distribution Channel (Offline Stores, Online Platforms), By Region (North America, South Ame Read more

  • ICT & Electronics
  • Oct 2022
  • 187
  • IT55051

Market Definition

A smart mattress is the mattress of the future integrated with different tiny & thin-layered sensors that gather data on a user's sleeping patterns and help them improve the same. It works by monitoring the motion of users to calculate the total time they spend in bed, when they fall asleep, and how often they toss & turn. A lot of these mattresses can also track the user's heart & breathing rates, and some even have feature climate control abilities that help users adjust the temperature as per their requirements & comfort.

Market Insights

The Global Smart Mattress Market is projected to grow at a CAGR of around 17.49% during the forecast period, i.e., 2022-27. Most of the market expansion is driven by the swift improvement in the economic conditions of people & their growing inclination toward the adoption of intelligent appliances, including smart mattresses. With the growing focus of people on living a healthy & technologically-driven lifestyle, they are increasingly spending on their comfort & convenience, smart mattresses are gaining swift acceptance globally.

Report Coverage Details
Study Period Historical Data: 2017-20
Base Year: 2021
Forecast Period: 2022-27
CAGR (2022-2027) 17.49%
Regions Covered North America: USA, Canada, Mexico
South America: Brazil, Rest of South America
Europe: The UK, Germany, France, Spain, Italy, Rest of Europe
Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
Middle East & Africa: Saudi Arabia, UAE, Egypt, South Africa, Rest of Middle East & Africa
Key Companies Profiled Casper Sleep, Derucci, Eight Sleep, GhostBed, Hilding Anders, iOBED Inc., Kingsdown Smart Mattress, Naturaliterie, Nectar Sleep, Purple Innovation, LLC, Recticel, Rest Performance, Saatva Inc., Serta Simmons Bedding, Sleemon, Sleep Number, Tempur Sealy International, The Sleep Company, and Variowell Development GmbH.
Unit Denominations USD Million/Billion

 

As consumers are seeking quantification of their day-to-day activities, including sleep & quality of sleep, the popularity of these mattresses is accelerating, and generating lucrative opportunities for the leading players to increase their production & distribution capacities to cater to the burgeoning demands.

Moreover, using the data gathered on sleep quality, a person can monitor it for medical treatment. In fact, according to the National Library of Medicine, globally around 10-40% of the population suffer from insomnia among which chronic insomnia is found in around 33% of the adult population.

In recent years, the industry witnessed an upsurge on the back of the high internet connectivity and prevalence of connected smart home devices, entwined with the mounting smartphone penetration in a technology-driven environment, promoting the sales of smart mattresses. The same aspects also instigated healthcare facilities to focus on the adoption of these smart mattresses for better sleep quality for patients & track their physical data for enhanced health.

Market Segmentation

Based on the Application:

  • Residential
  • Commercial

Of them all, the commercial sector is projected to attain a sizeable share in the Global Smart Mattress Market during 2022-27. It attributes to the growing tourism and swift expansion of the hospitality industry, demonstrating a rise in the number of constructions for hotels, resorts, hospitals, and more, augmenting the demand for smart mattresses to provide best-in-class services & stimulating the overall market growth.

In the commercial application, hospitals are projecting an up-surging demand for smart mattresses to monitor patients and prevent any falls and repositioning. Additionally, smart mattresses are also used by patients with health issues like arthritis, ligament injuries, scoliosis, paralysis, and more. Nonetheless, the implementation of novel technologies like electrocardiogram & Fiber Bragg Grating in smart mattresses further hints toward a progression in the sales of smart mattresses across healthcare facilities in the years to come.

On the other hand, the residential sector shall make considerable contributions to the market expansion over the coming years. It owes to the growing focus of the people on home renovations and maintaining the aesthetics of their homes. Besides, improving economic conditions and greater inclination of the people toward technology-driven lifestyle & smart home-based appliances have fueled homeowners to buy smart mattresses, exemplifying a positive influence on the Global Smart Mattress Market dynamics.

Based on Distribution Channel:

  • Offline Stores
  • Online Platforms

Here, offline stores are projected to dominate the Global Smart Mattress Market through 2027, with a larger share than online platforms. It owes to the rapidly rising number of retail outlets & specialty stores for smart mattresses across different regions globally, coupled with their various benefits for consumers, such as real-time product testing & demonstration, an extensive range of product categories, and assistance from well-trained staff, among others. These aspects allow consumers to thoroughly check the size, thickness, & all technological features of mattresses, which provides them with peace of mind. Hence, since most consumers worldwide prefer these outlets to buy their desired products, offline stores are the largest distribution channel in the Global Smart Mattress Market.

On the other hand, online platforms are gaining ground in the bed & mattress space and are set to contribute significantly to the overall market expansion in the coming years. It attributes to the rapidly expanding e-commerce sector worldwide, the mounting penetration of the internet & social media, and the surging number of online retailers for smart mattresses & other related products. Manufacturers are increasingly utilizing Facebook & Google Ads to understand & influence consumer choices & buying behavior and, in turn, provide them with desired products at a competitive price point.

  • In January 2022, the Sleep Company expanded its product portfolio with the launch of 'Elev8 Smart Adjustable Bed Frame' & the 'Smart Ortho Hybrid Pocketed Spring Mattress.' The design & functionality of both products, which are exclusively available on the company's official website & Amazon, aim to provide enhanced sleep & comfort experience.

Moreover, benefits like doorstep deliveries, easy finance options, multiple payment modes, and exciting deals offered by e-commerce portals are also attracting a large number of consumers toward online shopping for smart mattresses, thereby augmenting the overall market growth.

Regional Projection

  • North America
  • South America
  • Asia-Pacific
  • Europe
  • Middle East & Africa

Of all regions, North America would continue its dominance in the Smart Mattress Market globally during 2022-27. It owes to the mounting penetration of smart homes & devices and increased consumer spending on their comfort, home renovation, furnishings, & advanced technologies. An extensive range of smart solutions for convenience & ease of lifestyle is available across the region, mainly driven by the high-income population that readily spends on new technologies, including but not limited to automation, security, & other controlled devices.

As a result, with the rapidly growing demand for such technologies, North America has evolved as a notable base for the IoT across both residential & commercial sectors. Moreover, the massive healthcare sector in the US & Canada, which attracts significant investments toward infrastructure developments & technological enhancements, is another crucial aspect behind the burgeoning sales of smart mattresses across the region. Healthcare facilities in these countries excessively invest in upgrading their equipment & devices to gather better insights into patients' health data & provide them with improved care services. Hence, these aspects are set to create new avenues for the North America Smart Mattress Market to expand significantly in the years ahead.

Market Dynamics

Key Driver: Increasing Consumer Spending on Comfort & Convenience

As more & more people are showing greater interest in living a healthy lifestyle, the world is witnessing rapid technological advancements in a large variety of products. Consumers are increasingly spending on their comfort & convenience, i.e., leading to the growing adoption of technologically-driven home solutions, including mattresses, which are now integrated with the IoT (Internet of Things) & sensors. Hence, these trends are projected to amplify the expansion of the Global Smart Mattress Market during 2022-27 and create lucrative prospects for manufacturers to increase their production capacities & attain larger profits.

Growth Restraint: Lack of Awareness among People & High Costs

The high cost of smart mattresses is the most prominent growth restraint to the market as there exist technical barriers & unavailability of skilled professionals in manufacturing these products. Moreover, the lack of awareness among people about these technologically-driven pads shall pose another crucial challenge to the wide-scale expansion of the Global Smart Mattress Market through 2027.

Key Questions Answered in the Market Research Report:

  1. What are the overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares) of the Global Smart Mattress Market?
  2. What are the region-wise industry size, growth drivers, and challenges?
  3. What are the key innovations, opportunities, current & future trends, and regulations in the Global Smart Mattress Market?
  4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in the Global Smart Mattress Market based on the competitive benchmarking matrix?
  5. What are the key results derived from surveys conducted during the Global Smart Mattress Market study?

Frequently Asked Questions

A. The Global Smart Mattress Market is projected to grow at a CAGR of around 17.49% during 2022-27.

A. The rise in consumer spending on living a convenient lifestyle & technologically-driven home solutions is the prime factor projected to drive the Global Smart Mattress Market during 2022-27. On the other hand, the high costs of smart mattresses and the lack of consumer awareness about their benefits shall act as major growth restraints to the industry in the coming years.

A. The residential sector is an emerging growth area for the companies operating in the Global Smart Mattress Market during 2022-27.

A. North America would continue generating new directions for the Global Smart Mattress Market to witness significant growth in the years ahead.

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. Impact of Covid-19 on Global Smart Mattress Market
  5. Global Smart Mattress Market Supply Chain Analysis
  6. Global Smart Mattress Market Trends & Insights
  7. Global Smart Mattress Market Start-up Ecosystem
    1. Number of Start-ups Launched/Registered, 2017-2022
    2. Investment Trend by Investors, 2017-2022
    3. Investment (USD Million), By Round of Funding, 2017-2022
    4. Others
  8. Global Smart Mattress Market Dynamics
    1. Growth Drivers
    2. Challenges
    3. Impact Analysis
  9. Global Smart Mattress Market Hotspot & Opportunities
  10. Global Smart Mattress Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. Market Revenues
    2. Market Share & Analysis
      1. By Width
        1. Less than 40 Inches
        2. 40-60 Inches
        3. More than 60 Inches
      2. By Application
        1. Residential
        2. Commercial
      3. By Distribution Channel
        1. Offline Stores
        2. Online Platforms
      4. By Region
        1. North America
        2. South America
        3. Europe
        4. Middle East & Africa
        5. Asia-Pacific
      5. By Competitors
        1. Competition Characteristics
        2. Market Share & Analysis
  11. North America Smart Mattress Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenues (USD Billion)
    2. Market Share & Analysis
      1. By Width
      2. By Application
      3. By Distribution Channel
      4. By Country
        1. The US
        2. Canada
        3. Mexico
    3. The US Smart Mattress Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application
        2. By Distribution Channel
    4. Canada Smart Mattress Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application
        2. By Distribution Channel
    5. Mexico Smart Mattress Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application
        2. By Distribution Channel
  12. South America Smart Mattress Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenues (USD Billion)
    2. Market Share & Analysis
      1. By Width
      2. By Application
      3. By Distribution Channel
      4. By Country
        1. Brazil
        2. Rest of South America
    3. Brazil Smart Mattress Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application
        2. By Distribution Channel
  13. Europe Smart Mattress Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenues (USD Billion)
    2. Market Share & Analysis
      1. By Width
      2. By Application
      3. By Distribution Channel
      4. By Country
        1. The UK
        2. France
        3. Germany
        4. Italy
        5. Spain
        6. Rest of Europe
    3. The UK Smart Mattress Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application
        2. By Distribution Channel
    4. France Smart Mattress Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application
        2. By Distribution Channel
    5. Germany Smart Mattress Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application
        2. By Distribution Channel
    6. Italy Smart Mattress Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application
        2. By Distribution Channel
    7. Spain Smart Mattress Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application
        2. By Distribution Channel
  14. The Middle East & Africa Smart Mattress Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenues (USD Billion)
    2. Market Share & Analysis
      1. By Width
      2. By Application
      3. By Distribution Channel
      4. By Country
        1. The UAE
        2. Saudi Arabia
        3. Egypt
        4. South Africa
        5. Rest of Middle East & Africa
    3. The UAE Smart Mattress Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application
        2. By Distribution Channel
    4. Saudi Arabia Smart Mattress Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application
        2. By Distribution Channel
    5. Egypt Drones Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application
        2. By Distribution Channel
    6. South Africa Smart Mattress Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application
        2. By Distribution Channel
  15. Asia-Pacific Smart Mattress Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenues (USD Billion)
    2. Market Share & Analysis
      1. By Width
      2. By Application
      3. By Distribution Channel
      4. By Country
        1. China
        2. India
        3. Japan
        4. Australia
        5. South Korea
        6. Rest of Asia Pacific
    3. China Smart Mattress Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application
        2. By Distribution Channel
    4. India Smart Mattress Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application
        2. By Distribution Channel
    5. Japan Smart Mattress Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application
        2. By Distribution Channel
    6. Australia Smart Mattress Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application
        2. By Distribution Channel
    7. South Africa Smart Mattress Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Application
        2. By Distribution Channel
  16. Global Smart Mattress Market Key Strategic Imperatives for Success & Growth
  17. Competition Outlook
    1. Competition Matrix
      1. Target Markets
      2. Research & Development
      3. Collaborations & Strategic Alliances
      4. Key Business Expansion Initiatives
      5. Business Restructuring- Mergers, Acquisitions
      6. Strategic Initiatives
    2. Company Profiles (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
      1. Casper Sleep
      2. Derucci
      3. Eight Sleep
      4. GhostBed
      5. Hilding Anders
      6. iOBED Inc.
      7. Kingsdown Smart Mattress
      8. Naturaliterie
      9. Nectar Sleep
      10. Purple Innovation, LLC
      11. Recticel
      12. Rest Performance
      13. Saatva Inc
      14. Serta Simmons Bedding
      15. Sleemon
      16. Sleep Number
      17. Tempur Sealy International
      18. The Sleep Company
      19. Variowell Development GmbH
  18. Disclaimer
Smart Mattress Market Segmentation Slide