The Mattress market is growing significantly, across the globe. The market is driven by the increasing demand for home furnishing and interior decoration, in countries like India and China, backed by rapid urbanization and rising consumer spending. Apart from this, surging investment in healthcare facilities that results in the construction of medical centers and hospital, also generates demand for mattress for patient beds. In addition to this, the growth of the hospitality industry, resulting in the construction hotels and resorts, also create demand for mattress for hotel rooms.

According to a new market report published by BlueWeave Consulting, the Global mattress market was valued around USD 30,000 Million in 2017 and is expected to expand over a CAGR of 7% from 2018 to 2024, by value, reaching around USD 50,000 Million by the end of the forecast period. According to the report, North America was the largest contributor in terms of revenue to the global mattress market in 2017.

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Global Mattress Market: Competitive Dynamics

Major industry players in global mattress market are adopting different strategic initiatives such as mergers and acquisitions, partnerships, and collaborations for strategic expansion in the Mattress Market market. For instance, In April, 2018, Owen & Company that is a leading manufacturer of handcrafted luxury mattresses, operating in Canada primarily under the Kingsdown brand, has announced its merger with its US counterpart Kingsdown Inc.  Most of the major vendors in the Global Mattress Market are actively focused on enhancing their offerings to meet the ongoing demand.

Global Mattress Market: Scope of the Report

The global market for mattress is segmented by product type, size, distribution channel, application, and geography. The product type is further segmented into Memory Foam, Innerspring, Latex, and Others. The size of mattress is further segment into Twin or Double, Twin XL, Full or Double, Queen, King & Other sizes. The distribution channel is segmented into an Online and Offline channel. Furthermore, the application market can be bifurcated into Residential, Commercial & Industrial segment. Geographically, the Global Mattress Market is bifurcated into North America, Asia Pacific, Europe, Middle East & Africa, and Latin America. The North American market was the most prominent market because of a lot of big manufacturers involved in producing mattresses in this region, Serta, Inc., Simmons Bedding, Company LLC, Kingsdown, Inc., etc.

GLOBAL MATTRESS MARKET: KEY STAKEHOLDERS

Simmons Bedding Company LLC
Serta Inc.
Sealy Corporation
Tempur-Pedic International, Inc.
Kingsdown, Inc.
Paramount Bed Holdings Co., Ltd.
GLOBAL MATTRESS MARKET: KEY FINDINGS OF THE REPORT

According to BlueWeave Consulting, the key findings of the report “Global Mattress Market Size, Share, Development, Growth and Demand Forecast to 2024” are:

The demand for the global mattress market is expected to grow a significant rate, during forecast period. Mattress is witnessing tremendous growth due to factors such as rise in income and globalization. Thus, the people across the world are more interested in tours and travels than before, creating a large-scale demand for mattress from hotel industries. Global Mattress market is expected to grow over a CAGR of 7% & 4% by value and volume respectively, during the forecast period, 2018-2024
Innerspring Mattress is the largest revenue contributor, in terms of value and volume, as compared to other product types. It is expected to grow with CAGR over 5% by value and over 2% by volume during the forecast period, 2018-2024
Global Mattress market from various applications is estimated to grow with a CAGR over 7% during the period of 2018-2024 with the Commercial sector being the highest revenue contributor
Asia Pacific is the fastest growing region in the Mattress market and is expected to propel with a CAGR over 9% by value and with a CAGR over 6% by volume during the forecast period, 2018-2024 with India is the fastest growing market having a CAGR over 12% and expected to reach a revenue of around USD 3,000 million by the end of 2024
Look into Table of Content Mattress Market Report at https://www.blueweaveconsulting.com/mattress#TOC

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