Global Mattress Market 5
                     Global Mattress Market Growth Rate Soars 
at 6.2% (2023-2030 Forecast
The global mattress industry is no longer just about catching some Zzzs. It's a booming sector 
with a market size expected to reach a whopping USD 67.5 billion by 2030, growing 
at a steady CAGR of 6.2%. This translates to billions prioritizing their sleep health by 
investing in better mattresses.
By the Numbers: Unveiling the Global Mattress Market
 Market size: As of 2023, the Mattress Market Report is valued at an impressive 
USD
41.5 billion.
 Regional dominance: Asia Pacific reigns supreme, accounting for over 37.9% of the 
global market share, driven by rising disposable income and urbanisation.
 North American challenge: North America stands as a strong contender, holding a 
significant market share and is projected to witness substantial growth due to home 
improvement trends and government support for first-time homebuyers.
Segmentation Savvy: Understanding Consumer 
Preferences
The mattress industry caters to diverse needs, reflected in its comprehensive segmentation:
 Type:
o Foam: Dominates the market (around 44.85%) due to its comfort, pressure 
relief, and allergy-friendliness.
o Innerspring: Still holds a significant share (around 35%) due to affordability 
and traditional appeal.
o Hybrid: A growing segment (around 15%) offering a blend of comfort and 
support from foam and springs.
o Others: A niche segment (around 5%) including latex, waterbeds, and airbeds.
 Size:
o Queen: Leads the market (around 46.10%) due to its balance of space and 
affordability.
o King: Gaining popularity (around 32%) as bedroom sizes increase and people 
prioritize more sleeping space.
o Double: Holds a steady share (around 17%) in smaller homes and budget- 
conscious markets.
o Single: Represents a smaller segment (around 5%) mainly catering to individuals 
or children.
 End-Use:
o Household: Dominates the market (over 77.80%) as people prioritize quality sleep 
at home.
o Commercial: Growing segment (around 22.20%) driven by the expansion of the 
hospitality and healthcare sectors.
The Drivers & Challenges: Navigating the Mattress 
Market Landscape
Several factors are fueling the global mattress industry's growth:
 Rising disposable income: A 2023 report by the World Bank shows an increasing 
global average annual growth rate of disposable income of over 2%, leading to more 
people investing in quality sleep solutions.
 Growing awareness about sleep health: According to a 2022 study by the National 
Sleep Foundation, 35% of adults in the US report experiencing short sleep 
duration, highlighting the growing demand for supportive and comfortable mattresses.
 Real estate trends: A 2023 report by the United Nations Department of Economic and 
Social Affairs projects a continued increase in urbanization, leading to a demand for 
smaller mattresses and efficient use of space.
 E-commerce boom: A 2023 report by eMarketer shows global e-commerce sales 
reaching USD 5.7 trillion, with online platforms providing convenient access to a wider 
range of mattresses at competitive prices.
However, the industry also faces some challenges:
 Affordability: Premium mattresses can be expensive, limiting accessibility for some 
consumers.
 Unorganized sector presence: The unorganized sector can lack consistent quality control 
compared to organized players.
 Intense  competition: Established  brands  with  strong  brand  recognition  and  vast 
distribution networks pose challenges for new entrants.
Major Players in the Mattress Market Arena
The global Mattress Market Trends is home to both established and emerging players:
 Established players: Tempur Sealy International, Serta Simmons Bedding, Spring Air 
International
 Emerging online brands: Casper Sleep Inc., Wakefit (India), SleepyCat (India)
Conclusion
In conclusion, the global mattress industry is experiencing a significant boom, driven by rising 
disposable income, growing awareness about sleep health, real estate trends, and the e-commerce 
revolution. With a projected market size of USD 67.5 billion by 2030, it's evident that people are 
prioritizing quality sleep and investing in comfortable and supportive mattresses.