The Mattress Market is expected to grow at a CAGR of around 6% during the forecast period (2021-2027). A comprehensive overview of the Mattress Market is recently added by UnivDatos Market Insights to its humongous database. The report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the mattress market. The report offers a detailed analysis of the latest industry developments and trending factors that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the mattress market at the regional levels.
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Market Overview
The global mattress market is expected to witness robust growth during the forecast period mainly due to the increasing incidences of back problems caused mainly by uncomfortable sleeping. The health benefits, comfortable sleep, lower costs, and high availability are some of the most prominent factors driving the growth of the mattress market.
Mattress market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
By size, the market is primarily bifurcated into:
· Single
· Double
· Queen
· King
Queen-size mattress segment held a prominent share in the mattress market in 2020 and is expected to be a prominent shareholder during the forecast period. The growth of this segment is primarily attributed to the heavy usage of queen-size mattresses in households due to the decent size and high durability of queen-size mattresses.
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By application, the market is primarily studied into:
· Domestic
· Commercial
The domestic segment held a substantial share in the mattress market in 2020 and is expected to grow at a robust growth rate during the forecast period. The growth of this segment can be attributed to the growing population size and increasing urbanization.
Mattress Market Region Segmentation Includes:
· North America (United States, Canada, Rest of North America)
· Europe (Germany, UK, France, Spain, Italy, and Rest of Europe)
· Asia-Pacific (China, India, Japan, South Korea, and Rest of APAC)
· Rest of the World
APAC holds a prominent market share owing to the flourishing tourism industry and increasing population. As the population rises, the demand for consumer goods, including mattresses, also increases. Further on, with the rise in the tourism industry, the hospitality industry is also rising which positively affects the mattress market.
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The major players targeting the market include:
· Simmons Bedding Company
· Sealy Technology LLC
· Serta Simmons Bedding LLC
· Kingsdown Inc.
· Leggett & Platt Incorporated
· Paramount Bed Co. Ltd.
· Sleep Number Corporation
· Southerland Sleep
· Spring Air International
· Tempur-Pedic International Inc.
Competitive Landscape
The degree of competition among prominent companies has been elaborated by analyzing several leading key players operating in the global context. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Mattress Market. The major players have been analyzed using different research methodologies for getting insight views on market competition.
Key questions resolved through this analytical market research report include:
· What are the latest trends, new patterns, and advancements in the mattress market?
· which factors are influencing the mattress market over the forecast period?
· what are the challenges, threats, and risks in the mattress market?
· which factors are propelling and restraining the mattress market?
· What are the demanding regions of the mattresses globally?
· What will be the market size in the upcoming years?
· What are the crucial market acquisition strategies and policies applied by the companies?
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