Bizizz Market Research has recently published a research report, “Mattress and Mattress Component Market by Type (Hybrid Mattress, Memory Foam, Latex Mattresses, Innerspring and Others), Size (King, Full, Twin, Queen and Others), End-user (Commercial and Residential), Component, and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Mattress and Mattress Component Market was valued at US$ XX Bn in 2018 and it is anticipated to reach at market value of US$ 30.4 Bn by 2027, witnessing a CAGR of 6.4 % during the forecast period. Key drivers of the market are increasing awareness among customers and introduction of the natural and customized types of mattress is propelling its market growth.
Globally the introduction of innovative Mattress and Mattress component in the market are propelling its market growth. The individuals are facing sleep depravity by the changing lifestyle of the customers which is increasing the market demand of these mattresses in the recent years.
The Mattress and Mattress Component market is anticipated to register a CAGR of over 6.4% during the forecast period.
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By Product, Innerspring mattress segment held a key share in Global Mattress and Mattress Component Market in 2018.
The demand of innerspring mattress and its components is rising by the customers globally due to its comfort and is considered as the most traditional form of mattresses in the market. This is observed mostly by the residential customers of the market globally. Population increase globally is also one of the key factor that is propelling its market demand in the market. Moreover a mattresses are considered as the inherited part of the sleep along with advanced features is contributing to its market.
Asia Pacific is anticipated to dominate the Global Mattress and Mattress Component Market during the Forecast Period.
Increased urbanization and population especially in the Asia pacific region is contributing to the market growth of mattress and mattress component during the forecast period. The region is projected to maintain its steady dominant position during the forecast period.
Global Mattress and Mattress Component market was highly fragmented among the number of local and global players. Due to this there is an increased competition in the market during the forecast period.
Prominent players operating in the Global Mattress and Mattress Component Market are: Spring Air Company, Select Comfort, Simmons Bedding Company LLC., Leggett & Platt., Relyon Beds., Sleep Number Corporation, Corsicana Mattress Company, Tempur Sealy International, KING KOIL Inc., among others.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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