Bedding Mattress Market by Type (Innerspring, Foam, Hybrid, and Other Types), By End-Use Industry (Household, and Commercial), By Distribution Channel (Offline and Online), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2024 – 2032

Report Summary

Bedding Mattress Market Size & Share

The global bedding mattress market size was worth around USD 52 billion in 2023 and is predicted to grow to around USD 74 billion by 2032 with a compound annual growth rate (CAGR) of roughly 7.4% between 2024 and 2032.

A bedding mattress is the important platform that supports the body during sleep. Bedding mattress play crucial role to maintain proper posture and spinal alignment during the sleep. There are four major types of mattresses in market which includes spring mattresses, memory foam mattresses, latex mattresses and hybrid mattresses. Each type of matters offers a distinct advantages. In last couple of years, the bedding mattress industry has made huge advancements in terms of materials and technology. Features such as cooling gel-infused foam, variable firmness levels, and smart mattress technology are becoming increasingly popular. Furthermore, demand for customized mattress increasing due to growing emphasis on sleep quality and overall health.

Bedding Mattress Market Key Insights

• As per the analysis shared by our research analyst, the global bedding mattress industry is estimated to grow annually at a CAGR of around 7.4% over the forecast period (2024-2032).

• In terms of revenue, the global bedding mattress Market size was valued at around USD 52 billion in 2023 and is projected to reach USD 74billion, by 2032.

• The global bedding mattress is projected to grow at a significant rate due to consumer emphasis on sleep health, technological advancements, and a growing demand for innovative and sustainable mattress options.

• Based on type segmentation, foam was predicted to hold maximum market share in the year 2023.

• Based on end-use industry segmentation, household was the leading revenue generator in 2023.

• Based on distribution channel segmentation, offline was the leading revenue generator in 2023.

• On the basis of region, Asia Pacific was the leading revenue generator in 2023.

Bedding Mattress Market Growth

Increasing focus on sleep health and wellness is propelling the market growth

One of the major factor propelling the growth of the market is growing emphasis on sleep health and wellness. Customers are spending more on the mattress with the growing awareness of good sleep for better health. The shift in customers behavior has spurred the demand for ergonomic and technologically enhanced mattresses that improve sleep quality and relieve pressure points. Moreover, features like temperature regulation, motion isolation, and configurable firmness settings are becoming increasingly popular in the global market. Additionally, the development of sustainable and eco-friendly materials are likely to drive market expansion. As environmental concerns become more prevalent in consumer decision-making, demand for organic and recycled mattresses continues to grow. Manufacturers are now focusing to produce eco-friendly solutions that appeal to environmentally conscious consumers.

Bedding Mattress Market Restraints                       

Economic downturns or uncertainties is restraining the growth of the market

One of the major restraint that can hinder the demand for bedding mattress is the economic impact on customer spending. An economic recession or uncertainty may result in reducing disposable income, lowering desire to purchase home accessories. During economic instability people may prioritize necessary expenditures over non-essential products. This can result in delaying or reducing the purchase of a new bed. Furthermore, the growing rivalry in mattress industry is another constraint for the industry. The bedding mattress is highly fragmented with many manufacturers offering a variety of mattress alternatives, resulting in intense competition. As companies compete for market share, pricing pressure may arise this can result in low profit margins. Moreover, need for continuous innovation to stay ahead in the highly competitive market add up the overall cost. Intense competition and price pressure have created a difficult environment for bedding and mattress manufacturers, limiting their ability to maintain long-term profit levels.

Bedding Mattress Industry Opportunities

Trend of online mattress sales and direct-to-consumer (DTC) models to provide growth opportunities

The growing popularity of online sale channels and growing comfort with bulk purchases has created ample opportunities for mattress manufacturers to directly sell their products to the customers. Companies that dose not have established retail channels can save costs associated with middlemen, streamline distribution and conceivably offer more competitive prices. This change in online sales also allows manufacturers to reach a larger customer base and provide comprehensive product information, reviews and customization options. Additionally, consumers are increasingly looking for innovative features in mattresses such as adjustable firmness settings and temperature management. Thus, manufacturers those are investing in R&D to produce smart mattresses with a cutting-edge materials and design are likely to stand out in the market. 

Bedding Mattress Industry Key Challenges

Environmental impact associated with mattress disposal to challenge market growth

One of the major challenges in the bedding and mattress industry is the environmental impact of mattress disposal. Due to their size, weight and composition, old mattresses pose environmental problems when discarded. Traditional mattresses often contain non-biodegradable materials such as foam and metal springs, which contribute to increased waste in landfills. Appropriate mattress recycling infrastructure is still being developed in many areas, and the lack of simple and cost-effective disposal options can cause environmental concerns. Manufacturers and the industry as a whole must develop long-term solutions for mattress disposal to reduce environmental impact. In addition, diverse and changing consumer demands pose ongoing challenges to mattress manufacturers. The industry is very dynamic and trends change depending on variables such as technological improvements, health concerns, and lifestyle changes. For companies in the bedding and mattress market, facing a highly competitive environment while ensuring merchandise remains relevant and attractive as consumer tastes change can be a challenge.

Bedding Mattress Market Segmentation

The global bedding mattress market is segmented based on type, end-use industry, distribution channel and region.

Based on type, the global market segments are innerspring, foam, hybrid, and other types. The foam category presently dominates the global markets. This is mainly due to their advantages such as optimal spine alignment, pressure point relief, and resistance to dust mites and allergies. Foam mattresses are compatible with various adjustable beds, making them a popular choice among customers.

Based on end-use industry the global bedding mattress market categorized as household, and commercial. In 2023, household have become the largest shareholder segment in the global market. The segment is expected to grow at the fastest CAGR with its leadership position during the forecast period. According to the Organization for Economic Co-operation and Development (OECD), housing has become more affordable thanks to government policies and an average annual increase in global disposable income of more than 2% in 2019. 

Based on distribution channel the global bedding mattress market categorized as offline and online. In 2023, offline distribution channel remained the largest stakeholder segment in the global market. The category is expected to grow at a steady CAGR, maintaining its leading position during the forecast period. 

Bedding Mattress Industry Scope

Bedding Mattress Regional Analysis

Asia Pacific to lead the market during the forecast period

The Asia-Pacific region expected to remain the largest revenue generating market with more than 37.9% of market share. The substantial expansion of the home textiles business in countries such as China, India and Japan has resulted in a large supply of bedding products. This results in the increase of the product’s applicability in both residential and commercial sectors. Asia Pacific is expected to dominate the bedding mattress market during the forecast period owing to a combination of factors such as population growth, rising disposable income, and rising awareness about the benefits of a good night's sleep. The demand for new sleep solutions has accelerated the market growth, creating attractive possibilities for manufacturers and retailers to meet the evolving needs of the diverse and growing customer base in the region.

Market News

• In 2023, Sheela Foam acquired 94.6% stake in Kurlon Enterprise Limited (KEL). This acquisition will expand the market reach of Sheela Foam and further strengthen its leadership position in the advanced mattress market.

• In 2023, VFI Group announced its collaboration with US-based Serta Simmons Bedding to establish two manufacturing units for producing high-end luxury mattresses for the Indian market. 

Bedding Mattress Market Companies

• Tempur Sealy International, Inc.

• Serta Simmons Bedding, LLC

• Sleep Number Corporation

• Ashley HomeStore

• Purple Innovation, Inc.

• Spring Air International

• King Koil Licensing Company

• Sealy Corporation

• Beautyrest (a brand of Simmons Bedding)

• Silentnight Group 

The global bedding mattress market is segmented as follows:

By Type

By Distribution Channel

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Denmark
  • Sweden
  • Norway
  • Belgium
  • The Netherlands
  • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Southeast Asia
  • Indonesia
  • Thailand
  • Malaysia
  • Singapore
  • Rest of Southeast Asia
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

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Bedding Mattress Industry Research Report

Vertex Market Research presents its 2024 analysis of the Bedding Mattress market, detailing market share, size, and revenue trends. With forecasts extending to 2032 and a retrospective view, this report is a must-read. Grab your free PDF sample today!