mattress market

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2022
Booming Tourism Sector Propelling Mattress Market
Growth
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The global mattress market revenue is expected to
rise from 32,875.3 million in 2020 to 64,045.5
million by 2030. According to the estimates of
the market research company, PS Intelligence,
the market will progress at a CAGR of 7.0 from
2021 to 2030 (forecast period). The market is
being driven by the booming tourism industry,
which is causing a massive rise in tourist
footfall and propelling mattress sales, in
several countries. Additionally, the rising
health concerns of consumers are driving the
demand for various everyday items, such as
mattresses.   Besides the aforementioned
factors, the growing disposable income of people
and the implementation of government policies
regarding real estate development are also
propelling the home ownership rate all over the
world, which is, in turn, fueling the expansion
of the mattress market. As per the Organisation
for Economic Co-operation and Development (OECD),
government initiatives and the surging average
annual growth rate in disposable income, which is
more than 2, are making housing affordable for
the masses. Request for sample copy of this
report https//www.psmarketresearch.com/market-an
alysis/mattress-market/report-sample The other
major factor fueling the demand for mattresses is
the increasing migration of people from rural to
urban areas, especially in the Asia-Pacific
(APAC) and Middle Eastern regions. As per the
World Urbanization Prospects report published by
the United Nations (UN), nearly 55 of the global
population resided in urban areas in 2018, and
this share is expected to rise to approximately
68 by 2050. Depending on distribution channel,
the market is divided into offline and online.
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Of these, the online category is predicted to
demonstrate faster growth in the coming years.
This is because of the growing popularity of
online shopping, owing to its ability to provide
greater convenience and home deliveries, among
customers. Furthermore, many manufacturers are
increasingly adopting strategies for increasing
their online sales, such as handing out huge
coupons and discounts. In addition, online
platforms provide customers with several options
to choose from with detailed specifications.
  Geographically, the Asia-Pacific (APAC) region
contributed the highest revenue to the mattress
market in the years gone by, and this trend is
predicted to continue in the coming years as
well. This will be because of the mushrooming
tourist footfall in regional hotels and resorts.
In addition, the growing disposable income of the
middle-class populace and their improving living
standards are also predicted to positively impact
the sales of mattresses in the region.   Browse
full report at https//www.psmarketresearch.com/m
arket-analysis/mattress-market The major players
operating in the mattress market are focusing on
product launches in order to consolidate their
position. For example, Tempur Sealy International
Inc. launched a new line of mattresses, that
leverage the ultra-responsive coal technology and
memory foam for providing enhanced support and
durability, in February 2021. Furthermore, Serta
Simmons Bedding LLC announced the launch of its
new iComfort Hybrid mattress collection in
January 2018 at the Winter 2018 Las Vegas Market.
  Hence, the sales of mattresses will soar in
the coming years, mainly because of the rising
disposable income of people, rapid urbanization,
and surging tourist footfall in various
countries.
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Market Segmentation

• Market Segmentation by Product
• Innerspring
• Memory Foam
• Latex
• Others (Gel, Hybrid, Air, and Water)
• Market Segmentation by Size
• Single
• Double
• Queen
• King
• Market Segmentation by Distribution Channel
• Online
• Offline
• Market Segmentation by End Use
• Residential
• Commercial
• Hotel
• Hospital
• Others

• Market Segmentation by Region
• North America Mattress Market
• By Product
• By size
• By distribution channel
• By end use
• By type
• By country U.S. and Canada
• Europe Mattress Market
• By product
• By size
• By distribution channel
• By end use
• By type
• By country U.K., Germany, France, Italy, Spain,
  and Rest of Europe
• Asia-Pacific (APAC) Mattress Market
• Latin America (LATAM) Mattress Market
• Middle East and Africa (MEA) Mattress Market
• By product

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