According to the latest report by IMARC Group, titled “Mattress Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the global mattress market reached a strong growth in 2019. Mattresses are large pads that are utilized on top of beds to provide comfort, support the body and sustain the neutral position of the spine. They are generally made using cotton, straw, foam rubber and heavy cloth. Currently, they are available in gel, latex, airbed, waterbed, innerspring and memory foam variants across the globe.

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One of the major trends being witnessed in the market is the escalating demand for customized mattresses. This can be accredited to the inflating income levels and growing prevalence of back problems that are mainly caused by sleeping on uncomfortable surfaces. As a result, there is an increase in the adoption of airbeds, waterbeds and foam-based mattresses. Apart from this, the burgeoning real estate sector and the rising sales of home furnishing items like mattresses are also strengthening the market growth. Furthermore, leading vendors in the industry are focusing on introducing product innovations, such as customizable mattresses, for expanding their existing consumer base. They are also using natural and organic raw materials in the production of mattresses, owing to the growing environmental concerns. These factors are projected to bolster the market growth in the upcoming years.

Market Breakup by Product

• Innerspring Mattresses
• Memory Foam Mattresses
• Market Forecast
• Others

Market Breakup by Distribution Channel

• Specialty Stores
• Furniture Retailers
• Department Stores
• Others

Market Breakup by Size

• Twin or Single Size
• Twin XL Size
• Full or Double Size
• Queen Size
• King Size Mattress
• Others

At this present, twin or single size hole the largest mattress market share.

Market Breakup by Application

• Domestic
• Commercial

Competitive Landscape with Key Players

• Kingsdown Inc
• Kurlon Enterprise Ltd.
• Leggett & Platt
• Paramount Bed Co. Ltd.
• Sealy Corporation
• Serta Inc.
• Simmons Bedding Company LLC
• Sleep Number
• Southerland Inc.
• Spring Air
• Tempur-Pedic

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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Global smart mattress market is anticipated to expand at a significant CAGR of 11.16% in the upcoming period. The factors that propel the growth of the market include innovative mattresses with smart features, growing hospitality and healthcare industry, the surge in demand, and growing disposable income.

The key points of this report are:

• To study and analyze the global Smart Mattress market size (value & volume) by company, key regions/countries, products and application, history data from 2013 to 2017, and forecast to 2025

• To understand the structure of Smart Mattress market by identifying its various subsegments

• To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks)

• Focuses on the key global Smart Mattress manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis, and development plans in the next few years

• To analyze the Smart Mattress with respect to individual growth trends, future prospects, and their contribution to the total market

• To project the value and volume of Smart Mattress submarkets, with respect to key regions (along with their respective key countries)

• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market

• To strategically profile the key players and comprehensively analyze their growth strategies

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Market Segment:

The key manufacturers in the Smart Mattress include

• Sleep Number
• Eight Sleep
• Kingsdown
• Responsive Surface Technology
• Serta Simmons Bedding
• Tempur Sealy International
• Hilding Anders
• Derucci
• Recticel
• Sleemon

Market Size Split by Type

• Innerspring Mattress
• Foam Mattress
• Latex Mattress
• Other

Market Size Split by Application

• Private Households
• Hotels
• Hospitals
• Other

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19 June 2019, Global smart mattress market is anticipated to witness an exponential growth in the forecast period. A smart mattress constitutes sleep-monitoring systems. Sensors located track motion, and the other vital records. The factors that propel the growth of the market include increasing investments in R&D, innovative mattresses with smart features, smart mattresses release electromagnetic radiations and are suggested for adults, increasing concern, growing hospitality and healthcare industry, surge in demand, growing disposable income, and increasing penetration of high-speed Internet and smartphones.

On the other hand, there are factors that may hamper the growth of the market including an increase in cost wars among existing vendors and lack of consciousness among the population. Smart mattress market is anticipated to expand at a significant CAGR of 11.16% in the upcoming period as the scope, product types, and its applications are increasing across the globe. The market has emerged as a new trend, is rising investments in R&D activities to produce innovative mattresses with smart characteristics. In addition, these smart mattresses emit electromagnetic radiation and are thus not recommended for children.

Market could be explored by type, product type, application and geography. Market by type could span >60 inches, 40-60 inches, and <40 inches. The market could be segmented by product type as Latex Mattress, Foam Mattress, Innerspring Mattress and Other.

The key applications that could be explored in the market include Hospitals, Hotels, Private Households and Other. The “Hospitals” segment led the smart mattress market in 2016 and will continue to lead in the forecast period. The key factors that may be attributed to the growth of the market includes increasing demand from hospitals and the healthcare industry and rising consciousness.

North America accounted for the major share of the smart mattress market in 2017 and will continue to lead in the forecast period. The factors that could be attributed to the growth include high saturation of mattresses in this region, increasing investments in R&D activities on smart mattresses, acceptance of smart mattresses, increasing occurrence of sleep disorders and increased acceptance of the Internet. North America is followed by the Asia-Pacific region.

Some of the key players that fuel the growth of the smart mattress market comprise Eight Sleep, Sleep Number, Responsive Surface Technology, Kingsdown, Tempur Sealy International, Serta Simmons Bedding, Dellucci, Hilding Anders, Sleemon and Recticel. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

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https://www.millioninsights.com/industry/consumer-goods