The global mattress market was valued at USD 50.61 billion in 2022 and is projected to grow from USD 52.45 billion in 2023 to USD 78.34 billion by 2030, achieving a CAGR of 5.90% during the forecast period.
This growth is primarily driven by the increasing demand for customized and luxury mattresses, which reflect a shift in consumer perceptions—viewing mattresses not only as consumer durables but also as symbols of social status. Additionally, the rising number of domestic players offering diverse products and the expanding distribution channels are capturing the attention of consumers worldwide. The continuous launch of innovative products is also expected to further accelerate market expansion during the forecast period.
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Market Segmentation
Material Type
- Spring/Coil-based Products: This segment, consisting of traditional innerspring or coil-based mattresses, is expected to grow at a significant rate during the forecast period. These products are constructed using metal springs to provide an underlying support layer, maximizing comfort for the user.
- Foam, Latex, and Other Materials: Other material types such as foam and latex are also gaining popularity, but spring-based products remain a traditional favorite for consumers.
Size
- Queen-Sized Mattresses: Queen-sized mattresses are the most popular globally, particularly for master bedrooms, as they offer sufficient space for two individuals. Studies show that around 61% of consumers prefer queen-sized mattresses over other sizes, including single, double, and king.
Application
- Hospitality Sector: The growth of international tourism and the expanding number of accommodation establishments worldwide are driving demand for mattresses in the hospitality sector.
- Households and Healthcare: Rising consumer spending on home furnishings, coupled with the increasing demand for comfortable and durable mattresses in households and healthcare facilities, is further driving market growth.
Market Drivers and Restraints
Drivers
- Increasing Housing Developments: The growing number of housing units worldwide, coupled with an increasing focus on home furnishings, is boosting mattress demand. The rise of single-occupancy homes and nuclear families is also contributing to the need for spacious mattresses.
- Growing Affluent Consumer Base: In regions like North America, the demand for premium and luxury mattresses is on the rise, further driving market growth.
Restraints
- High Presence of Low-Cost Alternatives: In Asian markets, the prevalence of unbranded or low-cost mattresses is limiting the demand for high-end and luxury products, which could otherwise lead to higher market growth.
Regional Insights