Mattresses & Accessories Market Snapshot (2023 to 2033)
The mattresses & accessories market is anticipated to expand to a valuation of US$ 44.8 billion in 2023 and is poised to exhibit a compound annual growth rate (CAGR) of 6.5% from 2023 to 2033 and reach US$ 84.1 billion in 2033.
Almost every industry has been affected by technological setbacks in recent years. The mattress and accessories market, like all others, is anticipated to go through significant change. Given the progressive shift in consumer perception and rising health awareness, the trends are expected to soar and survive.
Income growth levels, expansion in the hotel management and real estate industries, and consumer awareness of managing stress have resulted in a fundamental shift in the macroeconomic effects of sleep products. Younger generations in countries such as the United States, the United Kingdom, and India have declined as thriving customers of the global mattresses and accessories market.
Consumers prefer offline retail outlets because they can sit on or touch the mattress before purchasing. Consumers, on the other hand, are steadily moving to digital platforms. Because of its comfort, simplicity, numerous choices, cost comparison, home delivery, and availability of customized products, has proven to be a game-changer in the mattress sector for both vendors and customers.
The trial services and exceptional packaging techniques have enhanced customer engagement and paved the way for substantial advancements. A modification in customer awareness and viewpoint has resulted in an item that echoes with coziness and has a privilege, sophistication, and classy finish.
With the arrival of global companies and big manufacturers in the field, many customers have switched from local gins and conventional street stores to branded mattresses. Increased awareness of the dangers of synthetic substances and chemicals used in standard mattresses has increased the need for eco-friendly and natural mattresses and apparel.
Using methodologies like breathable fabrics and refrigerating gels to lower the temperature of mattresses has created them extra appealing to customers. Manufacturers recognize the importance of safe products and, as a result, hold certifications like OEKO-TEX® STANDARD 100 for fabrics and CertiPUR-US® for foam.
East and South Asia led the worldwide mattresses and accessories market, which is expected to grow consistently as a result of a growing urban population willing to spend money on lavish, spacious, and pleasant mattresses and accessories.
The therapeutic effects of mattresses, including the prevention of back pain, along with the existence of well-established automakers like Kurl-On, Stearns & Foster, and Dunlop, are driving up requirements in this region.
Europe will experience considerable expansion over the forecast time frame as a result of a shift in the desire for big houses with several bedrooms. Furthermore, the popularity of mattresses is greater in this region's accommodation and medical sectors.
Market participants are expanding their production facilities and strengthening their international footprint to increase their market ownership stake. Consumers are prepared to pay a higher price, so players are concentrating on creating hybrid mattresses. For instance, Eight Sleep recently unveiled its recent biometric-monitoring smart mattress, which includes a dual thermostat that retains the bed cozy during the colder months and cools during the summer.
Century Mattresses introduced the Sleepables line, which offers excellent performance lavish elegant design, and comfy mattresses to pregnant women experiencing body pains and aches. The collection additionally includes waterproof accessories that guarantee an elevated level of hygiene.
Kurlon purchased Spring Air, a luxury mattress manufacturer based in the United States, for roughly US$ 10 million. The acquisition will assist the company in increasing its total revenue and business presence within the region. Sheela Foam, a Sleepwell mattress manufacturer, acquired Interplast, a Spanish company. The procurement will help the organization in expanding its footprint in Europe.
Data Points
Key Statistics
Expected Market Value (2023)
US$ 44.8 billion
Anticipated Forecast Value (2033)
US$ 84.1 billion
Projected Growth Rate (2023 to 2033)
6.5% CAGR
Over recent years, almost every sector has experienced technological disruptions. Mattress & accessories market, just like any other sector, has foreseen a strong transformation. Considering the gradual transference in consumer perspective and increasing health consciousness, the trends are anticipated to escalate and persist further.
The increase in income levels, development in the hospitality and real estate sector, and awareness among customers towards stress management have ensued in a paradigm shift in market perception of sleep products.
Millennial consumers in nations such as USA, United Kingdom, and India have egressed as booming consumers of the global mattresses and accessories market. Higher demand is predominantly attributed to young consumers who are disposed to pay a higher price than the usual for advanced products such as airbed and memory foam mattresses.
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Mattresses & Accessories Market - Key Trends
Offline retail outlets have been the popular distribution channels amid consumers, satiating the need to feel the mattress by sitting on or touching it before buying.
However, consumers are now gradually shifting towards online platforms. Owing to its comfort, ease, varied options, cost comparison, doorstep delivery, accessibility of customized products, has proved to be a game-changer in the mattress industry for both the sellers and the consumers.
The trial facilities and extraordinary packaging techniques have added glitters to the consumer's experience and paving its way to make significant breakthroughs. A rise in awareness and change in the mindset of consumers has seen a transformation towards a product that echoes with comfort and has a luxury, elegance, and classy finish.
The advent of international companies and big brands in the sector has led several consumers to switch from the local ginners and traditional street-side shops to branded mattresses. Growing awareness of the impacts of synthetic products and chemicals, utilized in regular mattresses, has complemented the demand and tremendous growth of eco-friendly and organic mattresses & accessories.
Employing techniques such as breathable fabrics and cooling gels, which removes the heat produced from mattresses, has made them more preferable amid consumers. Companies also understand the need for safe products and therefore hold certifications such as Oeko-Tex® Standard 100 for fabrics and CertiPUR-US® for foam.
Several of the newer online mattresses and accessories brands don't offer a free trial period or fewer days only, this can have a huge impact on sales as consumers will not be able to experience the product appropriately. Moreover, despite all the driving factors, the higher cost of the mattresses and accessories is projected to restrain the global mattresses & accessories market growth.
East Asia and South Asia dominated the global mattresses & accessories market and is projected to expand steadily due to rising urban population ready to spend for luxurious spacious and comfortable mattresses and accessories.
Health benefits associated with the mattresses such as sound sleep prevents back pain, etc. as well as the presence of well-established manufacturers such as Kurl-On, Stearns & Foster, and Dunlop is escalating the demand in this region.
Europe will be witnessing significant growth over the forecast period due to a shift in preference towards large houses and multiple bedrooms in the house. Moreover, the demand for mattresses is higher in the hospitality and healthcare sectors in this region.
Market players are extending their manufacturing facility and fortifying their global presence to enhance their market share. Players are focusing on developing hybrid mattresses as the customers are willing to spend more. For instance Eight Sleep launched its latest biometric-monitoring smart mattress which has a dual thermostat that keeps the bed warm in winters and cools in summers.
Century Mattresses launched the Sleepables range which provides superior quality luxurious stylish designs and comfortable mattresses in case of body pains and aches to a pregnant woman. The range also offers waterproof accessories ascertaining a high level of hygiene.
Kurlon took over Spring Air a USA based luxury mattress brand for approximately USD 10 million. The acquisition will help the company to boost its overall revenue as well as its market presence in the region. Sleepwell mattress manufacturer Sheela Foam took over Interplast, a Spanish firm. The acquisition will help the company to boost its presence in Europe.
Major market players operating in the global mattresses and accessories market include
Kingsdown Inc.
Spring Air International
Sleep Number Corporation
Tempur Sealy International Inc.
Simmons Bedding Company LLC Serta Inc.
Southerland Inc.
Relyon Limited
McRoskey Mattress Company;
Corsicana Mattress Company.
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Regions and Countries Analysed in this report
North America (USA, Canada)
Latin America (Mexico, Brazil, Rest of LATAM)
Europe (Germany, United Kingdom, France, Italy, Spain, Poland, Russia, Rest of Europe)
East Asia (China, Japan, South Korea)
South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
Oceania (Australia, New Zealand)
Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)
