Global Mattress Market Witnesses Phenomenal Growth, Driven by Consumer Trends and Innovations

CALIFORNIA CITY, Calif. - Jan. 31, 2024 - PRLog -- In a remarkable expansion, the worldwide mattress market has grown by USD 9.5 billion from 2019 to 2023, indicating noteworthy year-on-year growth despite the challenges posed by the pandemic. According to Makreo Research, this surge highlights the resilience and adaptability of the mattress industry in the face of global adversity.

Consumer Trends and Preferences
The pandemic-induced shift towards spending more time at home has fueled a surge in home improvements, translating into an accelerated need for the replacement of beds and mattresses. According to a survey by The Sleep Doctor, 34.7% of adults in the US opt for foam mattresses, while 30.3% prefer innerspring mattresses, and 7.6% choose hybrid mattresses.

Sustainability in Focus
With climate change concerns on the rise, consumers are increasingly leaning towards sustainable products, including mattresses. This shift in consumer values, especially among younger buyers, may prompt major players in the mattress industry to adopt more sustainable practices in the future.

Global Market Dynamics
China and North America lead the global mattress consumption, with the US accounting for nearly 36 million mattress sales annually. In the Asia-Pacific region, significant populations in India, China, and Indonesia drive the market's growth, propelled by changing consumer preferences, technological advancements, and higher disposable income.

Innovations Driving the Industry
Recent innovations in the mattress industry include pressure-relieving materials, environmentally friendly options, and IoT-enabled mattresses. Companies like Kingsdown, Inc. are making strides in sustainability with collections like the Blue Zone™ series, while start-ups are introducing IoT technology to enhance the quality of sleep and cater to consumer preferences.

A comprehensive study conducted by Makreo Research on the global mattress market provides insights into shifts post-COVID-19 and the Russia-Ukraine war. The report analyzes qualitative and quantitative factors, offering a well-rounded understanding of the industry. The focus on past and present performance, potential growth opportunities, and a thorough examination of key players positions stakeholders and industry experts for informed decision-making.

This press release encapsulates the dynamic and evolving landscape of the global mattress industry, highlighting key trends, innovations, and market dynamics.

To know more about the research study:
Global Mattress Market Size and Forecast (2019-2030) - Segmentation by Product Type (Innerspring, Memory Foam, Latex & Coir) by Application (Commercial & Residential) by Distribution (Online & Offline) by Region (North America, Europe, APAC and MENA) (https://www.makreo.com/report/global-mattress-market-size...)

Related Reports:
North America Mattress Market Size and Forecast (2018-2030) (https://www.makreo.com/report/north-america-mattress-mark...)