The global mattress market has been forecast to reach a value of US$33 billion by 2018, driven by the rise in consumer awareness over health benefits of sleep, technological innovations in comfort, and strong demand in developing countries.
A mattress is a large pad for supporting the reclining body, used as or on a bed. Mattresses may consist of a quilted or similarly fastened case, usually of heavy cloth, that contains hair, straw, cotton, foam rubber, etc.; a framework of metal springs; or they may be inflatable.
Sleep is a biological need that is vital in maintaining metabolic homeostasis. There is a growing awareness among consumers over the importance of good quality sleep and the critical role it plays in regulating immune function, metabolism, and influencing memory, learning, and other functions.
Against this backdrop, the importance of good quality mattresses is coming to the fore. Over recent years the mattress industry has metamorphosed from a dull, predictable and slow growth market into an aggressive, dynamic and lucrative marketplace with celebrity brand partnerships, innovation and high style.
After years of steady growth, the global mattresses market experienced a decrease in overall sales in 2008 and 2009 mostly due to economic pressures, decline in consumers' wealth and weak housing market. The decline was largely the result of the collapse of the construction industry, especially the fall in construction starts.
However, mattress manufacturers can begin to rest easy, because a recovery is on the way. Improving disposable incomes and a recovering housing market will drive sales of new (and more high-end) mattresses.
Currently, the market offers a range of product choices for consumers across all demographics and income groups. Mattresses range from general-purpose, economical products and specialized products to high-priced/premium/luxury bedding solutions.These products differ in sizes, type of filling, pattern of ticking and other special properties.
The US continues to remain the largest regional market worldwide and Asia-Pacific the fastest growing regional market. Growth in Asia Pacific will be especially driven by rapid expansion in building and residential units in key developing nations such as China and India, increasing spending power among residents, and the presence of large relatively untapped regional markets.
Major players dominating the global mattress market include International Bedding, Comfort Solutions, Kingsdown Inc, Relyon Limited, Sealy Corporation, Simmons Bedding Company, Serta International, Spring Air International, Select Comfort Corporation, and Tempur-Pedic.
For more information on the global mattress market, see the latest research: Global Mattress Market
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