A mattress is large pad for supporting the reclining body, used as or on a bed, consisting of a quilted or similarly fastened case, usually of heavy cloth, that contains hair, straw, cotton, foam rubber, etc., or a framework of metal springs. The global mattresses market is mainly driven by increasing population, which is leading to increasing rate of home ownership. The migration of consumers from rural to urban areas is an important driver of housing demand globally, mainly in the emerging Middle East and Asia-Pacific regions, where the youth consumers among the population is laying severe pressure on housing supply. The aging population is set to accelerate in many countries, due to fertility rates going below replacement levels. The fact is expected to have a long term effect on the nature of demand for housing and on associated markets, such as the mattress market.
The increasing number of health-conscious consumers, rapid urbanization and growing demand for eco-friendly mattresses are some of the factors providing ample opportunities for the growth of the mattress market during the forecast period. The need for wellness and health related products is increasing rapidly and the consumers are willing to pay extra for health enhancing products. The growing numbers of consumers are choosing natural and organic products, due to change in buying habits. The consumer’s choice is based on concerns about allergies, potentially harmful chemicals, pesticides and their requirement of using health friendly products. Some of the eco-friendly mattresses available in the market include natural memory foam mattresses, natural latex mattresses, and natural innerspring mattresses.
Geographically, the mattress market in Asia-Pacific has been up-scaling, owing to increasing disposable income and increasing standard of living. This has been reflected in the swiftly growing markets for premium mattress segments, such as memory foam and latex. The increasing population and growing urbanization in Asia-Pacific is propelling the growth of the mattress market in the region. The Pacific region is the most urbanized region; however, East and North-East Asia, and South East Asia are expected to witness significant growth in urbanization by 2020. This in turn will also boost the mattress sales in these regions.
The major companies operating in the global mattress market include Simmons Bedding Company LLC, Tempur Sealy International Inc., Select Comfort Corporation, Spring Air International Inc. LLC, Reylon Beds, Kingsdown Inc., Corsicana Bedding Inc. and Southerland Bedding.