Mattresses Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029
Houses, hospitals, and hotels are the places where mattresses are used on a large scale. Huge increase in worldwide population is the one of the key drivers pushing the global mattress market. The latest research report by TMR Research offers detailed analysis of the global mattresses market on the basis of type, size, distribution channel, component and region. Based on type, the market can be segmented into memory foam, innerspring, hybrid, latex, water, and air. While traditional distribution channels of the mattresses market are specialty stores, independent retailers, and supermarkets, it holds promising growth opportunities due to rising trend of purchasing these products via online shopping platforms.
Mattresses market finds huge potential for development in emerging economies due to substantial growth in disposable incomes of large population from countries such as China and India. This increased disposable income in these countries is encouraging them to engage in home decoration activities, thereby purchasing latest mattresses for their homes. Numerous recent researches have highlighted the need for adequate sleep. These researches have triggered awareness about the importance of the adequate sleep in order to achieve total health of an individual. This growing awareness has boosted the global demand for mattresses.
The global market for mattresses is fairly fragmented with the presence of local as well as global vendors. The list of important players includes:
Numerous research and development activities by prominent vendors are opening promising opportunities for the growth of the global mattresses market. Major players in the global mattresses market are making strategic moves such as partnerships and collaborations to offer innovative products to their customers. The case in point is Serta Simmons Bedding, LLC, which is one of the key players headquartered in the U.S. The firm recently announced that it is collaborating with SleepScore Labs. The main motive of this collaboration was to perform research on the effects of sleeping on iComfort by Serta® CF4000 mattress. The study was also aimed at finding out the ability of this mattress to support restful and comfortable sleep. This strategic move by the company is expected to open new avenues for growth.
Various key players in the global mattresses market are chasing the possibility of incorporating advanced technology to offer more comfort to end-users. For instance, Casper Sleep Inc. developed an app-linked light. This technology allows user to adjust the light in their bed rooms according to their needs and assists them to create an environment that allows for complete and healthy sleep. These strategic moves of using advanced technology by prominent players is expected to open the doors for promising growth of the global mattresses market during forecast period.
Presence of high population countries makes Asia Pacific one of the prominent regions in the global mattresses market. The growing demand for these products due to increasing population in the countries like China and India is expected to maintain prominence of the region in the forthcoming years. Major manufactures in the this market can shift their focus on South East Asian countries as around 50% of global population lives in this region. Unmet needs of people from this region will open lucrative opportunities for new entrants in the market in the upcoming period. Besides, the other regions contributing to the growth of the global mattresses market are North America, South America, Europe, and Middle East and Africa.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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