The global mattress market size was valued at USD 50.61 billion in 2022. The market is predicted to grow from USD 52.45 billion in 2023 to USD 78.34 billion by 2030, attaining a CAGR of 5.90% during the forecast period.

The growing demand for customized and luxury products denotes a noteworthy shift in the consumer point of view for mattresses beyond consumer durables to an indicator of social prestige. At a higher level, the escalating rise of domestic players offering a wide range of products is driving consumers' attention and distribution channels worldwide. Various successful launching of new products is predicted to boost the mattress market growth during the forecast period.

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Segmentation:

Growing Dominance of Traditional Concepts to Drive Demand for Coil/Spring-based Products

On the material analysis, the market is divided into foam, spring/coil, latex and others. The spring/coil segment is predicted to grow at a noteworthy growth rate from 2023-2030. A traditional option of spring/coil or innerspring products is available to users. The manufacturing of products is done by using metal springs to provide an underlying support layer to maximize comfort for the users.

Growing Adoption of Spacious Products to Drive Product Sales

On the basis of size, the market can be separated into queen, full, twin, and others.

Queen-sized products are the most popular and preferred sizes globally. These products deliver sufficient space for two individuals and are typically used in the master bedroom. According to a study, about 61% of the surveyed people favored to sleep on a queen-size mattress, followed by the single, double, king, and others.

Growth of International Tourism to Drive Product Sales in Hospitality Facilities

According to the application, the market is fragmented into healthcare facilities, households, hospitality facilities, and others.

The rising number of accommodation establishments globally creates a subsequent product demand in the hospitality facilities category. Due to this, the growth & evolution of hospitality will impact the market positively.

Report Coverage:

The report offers:

• Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
• Comprehensive insights into regional developments.
• List of major industry players.
• Key strategies adopted by the market players.
• Recent industry developments include product launches, partnerships, mergers, and acquisitions.

Drivers and Restraints: