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Global Mattress Market: Hospitality Sector to Significantly Underpin Growth

Press release Description

Albany, New York, July 2, 2018: These insights are according to the report, titled “Mattress Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2024”, which has been recently added to the all-inclusive repository of Market Research Reports Search Engine (MRRSE). The report states that expansion of the hospitality sector across the globe has prevailed as a key growth determinant for the mattress market in recent years. International hotel chains have created demand for the made-to-order mattress, which promises sound sleep and excellent comfort. The mattress market has been envisaged to record a steady rise at 6.5% CAGR during the forecast period, according to the report.

The mattress market has been witness a progressive momentum in light of the global economy’s revival post-2008 economic slump. Trailing this, developed markets have been observing a hike in home ownership, which in turn has led the adoption of home furnishing products, and mattress is no exception. On the other hand, the rise in construction sector for serving the residential requirements, majorly underpinned by urbanization and industrialization, will continue to influence growth of the mattress market.

On the contrary, scarce availability of the raw materials used for mattress production, which have traditionally been obtained from natural resources, has led suppliers to increase cost. This has further led to price hike in premium end products in the mattress market. As a consequence, price-sensitive consumers, particularly in emerging and underdeveloped economies, have been purchasing mattress from local vendors, which in turn has been impeding growth of the mattress market.

Mattress Market: Report Overview

The report studies and represents an detailed view of the mattress market, providing forecast on the market for the period 2017 to 2026, in terms of and value (US$ Mn). This report covers key drivers and restraints affecting growth of the mattress market. Technological road map and key industrial developments in the mattress market have also been encompassed in the report.

A scrutinized analysis on the mattress market has been provided in the report, on the basis of a segmentation analysis. The mattress market has been categorized into region, aftermarket, component, vehicle, and technology type, which have been analyzed on the basis of current and future trends. The regional segmentation involves current and forecast demand for the mattress in Middle East & Africa, Europe, Asia-Pacific, Latin America, and North America.

Mattress Market: Analysis on Competitor Landscape

The report includes a comprehensive assessment on the competition landscape of the mattress market, profiling key participants contributing to growth of the market. Prominent companies identified by the report, who are significantly underpinning growth of the mattress market, include Paramount Bed Holdings Co. Ltd., KING KOIL Inc., Sealy Corporation, Southerland Bedding Co., Kingsdown Inc., Select Comfort, Spring Air Company, Simmons Bedding Company LLC, Serta Inc., and Tempur-Pedic International Inc.

While compiling this analytical research study on the mattress market, the analysts developing the report have conducted detailed interviews and discussions with various industry participants. Primary research used includes bulk of research efforts, complemented by a comprehensive secondary research. This research approach has been deemed to be reliable, effective, and successful to obtain accurate market data, recognize lucrative business opportunities, and capture insights on key industry participants.

Browse Full Global Mattress Market Report with TOC :

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