Mattress Market- 2018 | Overview, Analysis and Forecast to 2024

 

Contact Information
Mark Wailing
GD-69, Sector G, East kolkata Twp,, Kolkata, West
Kolkata
West Bengal - 700107
India
8666586826
markwailing@blueweaveconsulting.com
 
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 global mattress market in 2017.

Growing demand for tour and travel, resulting in the growth of hotel industries is driving the Global Mattress Market

Mattresses are used to provide a comfortable sleep, after hours of work in the busy lives of working professionals across the globe. Thus, the increasing disposable income has a positive impact on the standard of living which creates demand for home furnishing and interior designing, including items like mattresses for comfortable sleep. The use of mattresses has increased rapidly both technologically and by application in the recent years. These technological advancements have acted as a breakthrough for improved mattress offerings that are beneficial for health as well.

Request for Sample of this Report@ https://bit.ly/2SNAv5t

The factors that enhance the global mattress market are increasing demand for mattress from the hotel industries for room service and provision of best class facilities to the customers. As per the annual report of Ministry of Tourism, India, Foreign Tourist arrival in India has increased from 8.8 Million people in 2016 to 10.18 Million in 2017 and it has increased from 9.7% over 2015 to 15.6% over 2016. Thus, there is increase in demand for hotels, leading to demand for mattress in the hotel room.

The key driver for the global mattress market is increasing disposable income and rapid urbanization in developing countries, like India and China, that results in luxury and comfort. Moreover, Due to rapid urbanisation in developing countries, people are looking for flats and rooms in cities near to the job locations. Thus, the demand for real estate construction has also increased in the recent years, owing to an increase in the demand for home furnishing items like mattresses. Sales of home furnishing products has increased, coupled with customer requirements who can afford luxury home decoration products. Thus, the growth of home furnishing along with the demand for luxury home décor or interior designing drives the demand of mattress.

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 Food Additive 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.

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 food additive 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.

Market Segmentation
By Product Type
By Size
By Distribution Channel
By Application
By Region

Browse full Research Report@ https://www.blueweaveconsulting.com/mattress/

About BlueWeave Consulting & Research Pvt Ltd. (BWC)
BlueWeave Consulting provides a full scope of business intelligence solution for solving your toughest challenges. BWC is an emerging global expert & pioneer in the market research and provision of exclusive market INTEL. We optimize your decision making by equipping your industry with an accurate & better market research according to your industry demands through our professionally designed qualitative & quantitative research methods. Our trendy & efficient sample collection methods, integrated data solutions as well as methodologies certainly make us a better partner that you can rely on. With collective experience in the varied fields of retail, market research and reporting, we provide the business insight and business practices that would give the required impetus for your company’s growth.

Contact Us:
info@blueweaveconsulting.com
https://www.blueweaveconsulting.com
Phone Number: 18666586826
For more information, visit: https://www.blueweaveconsulting.com/mattress/#1536301857957-6bb5ec39-5de7


Mattress, Mattress Market, Mattress Market Research, Mattress Market Research Report, Mattress Market Trends, Mattress Market Analysis, Mattress Market Growth, Mattress Market Size, Mattress Industry, Mattress Market Share, Mattress Market Report, Mattres

 

If you have any questions regarding information in this press release, please contact the person listed in the Contact / Company information box of this page. Please do not attempt to contact Market Press Release. We will be unable to assist you with any information regarding this release. Market Press Release disclaims any content contained in this press release.