Global Sleeping Mattress Market to reach $39.9 billion by 2027: Allied Market Research
Portland, OR, April 14, 2021 (GLOBE NEWSWIRE) – According to the report released by Allied Market Research, the global Sleeping mattress market It grossed $ 33.2 billion in 2019 and is expected to reach $ 39.9 billion by 2027, a CAGR of 5.2% from 2021 to 2027. The report provides detailed analysis of changing market trends, top segments, value chain, key investment pockets, and the regional landscape and competitive scenario.
The rapid urbanization and expansion of the hotel industry, the increasing prevalence of back and posture problems as well as continuous innovations are driving the growth of the global market for sleeping mattresses. However, the rise in the prevalence of bed allergies and the availability of counterfeit products are hampering market growth. On the other hand, mattress recycling activities and sleep mattress health monitoring offer new opportunities in the coming years.
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- Due to lockdown restrictions, the manufacturing activities of sleeping mattresses have been hampered, the supply of raw materials has been hampered and the entire supply chain has been disrupted.
- Offline sales activities faced many challenges as their government agencies imposed strict bans in many countries to limit the spread of coronavirus. However, manufacturers and retailers opted for online sales to make the most of the situation.
- During the lockdown, manufacturing and distribution activities are expected to get back on track as governments lift restrictions.
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The report provides detailed segmentation of the global Smart Sensor Market by product type, end-user, sales channel, and region.
In terms of product type, the foam segment had the highest share in 2019 with a share of more than a third of the total and is expected to maintain its leadership status in the forecast period. However, the hybrid segment is forecast to have the highest CAGR of 7.1% from 2021 to 2027.
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In terms of end consumers, the residential segment made the largest contribution in 2019 with a share of more than four fifths of the global sleeping mattress market and is expected to maintain its leading position in the forecast period. However, it is estimated that the commercial segment will have the fastest CAGR of 6.1% from 2021 to 2027.
In terms of the region, North America had the highest share of the total market share in 2019 with a share of more than a third and is expected to maintain its dominant share of sales through 2027. However, the Asia-Pacific region is expected to register the largest CAGR of 6.9% from 2021 to 2027.
Leading players in the global sleep mattress market analyzed in the study include Kurl-On Ltd., Paramount Beds Co. Ltd., Leggett & Platt, Serta Simmons, Saatva, Sleep Number Corporation, Silentnight Groups, Spring Air , Tempur Sealy and Kingsdown.
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Allied Market Research (AMR) is a full-service market research and management consulting division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides unmatched quality of “market research reports” and “business intelligence solutions” to global corporations as well as medium and small businesses. AMR strives to provide business insights and advice to assist our clients with strategic business decisions and sustainable growth in their respective market areas.
Allied Market Research CEO Pawan Kumar leads the organization to deliver high quality data and insights. We have professional corporate relationships with various companies and this helps us unearth market data which will help us create accurate research data tables and confirm the highest accuracy of our market forecasts. All of the data contained in the reports we publish are extracted through primary interviews with top officials from leading companies in the affected domain. Our secondary data acquisition methodology includes extensive online and offline research and discussions with knowledgeable professionals and industry analysts.