Mattress Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product (Innerspring, Latex, Memory Foam, Others); Application (Domestic, Commercial); Distribution Channel (Supermarkets and hypermarkets, Specialty store, Online retail, Others) and Geography
A mattress is a big, normally rectangular shaped pad which gives support to a lying individual. Mattress is designed and developed in such a way that it can be used as a bed, or as part of the bed. Growing inclination towards comfort and luxury acts as a driving factor for the growth of the mattress market. With increasing demand from respective end users, scope for mattresses of various types is anticipated to rise considerably all over the world during the forecast period.
The "Global Mattress Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the mattress market with detailed market segmentation by product, application, distribution channel, and geography. The report provides key statistics on the market status of the leading mattress market players and offers key trends and opportunities in the market.
Based on product, the global mattress market is segmented into innerspring, latex, memory foam and others.
On the basis of application, the market is segmented into domestic and commercial.
Based on distribution channel, the market is bifurcated into supermarkets and hypermarkets, specialty store, online retail and others.
MARKET DYNAMICS Drivers:
Manufacturers offering wide range of customization options.
Rising urbanization and increasing per capita disposable income to boost market growth of mattress.
Increasing number of hotels in many developing countries of Asia.
Unorganized retail sector in few developing countries
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The mattress market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the mattress market in these regions.
IMPACT OF COVID-19 ON MATTRESS MARKET
The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities. Due to job loss and salary cut, buying capacity of the consumer is affected drastically. Spending on non-essentials was curtailed to a great extent. All the mentioned factors have impacted the mattress market negatively.
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The report covers key developments in the mattress market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from mattress market are anticipated to lucrative growth opportunities in the future with the rising demand for mattress in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the mattress market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
Corsicana Mattress Company
PARAMOUNT BED CO., LTD.
Simmons Bedding Company
Spring Air International
Tempur-Pedic North America, LLC
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
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The List of Companies
1. Corsicana Mattress Company
2. Kingsdown, Inc.
4. PARAMOUNT BED CO., LTD.
5. Serta, Inc.
6. Simmons Bedding Company
7. Sleep Number
8. Southerland Sleep
9. Spring Air International
10. Tempur-Pedic North America, LLC