Global Mattresses Market to Reach US$48.9 Billion by the Year 2027
Amid the COVID-19 crisis, the global market for Mattresses estimated at US$34.4 Billion in the year 2020, is projected to reach a revised size of US$48.9 Billion by 2027, growing at a CAGR of 5.1% over the period 2020-2027.Traditional Innerspring, one of the segments analyzed in the report, is projected to grow at a 4.1% CAGR to reach US$31.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Non-Innerspring (Specialty) segment is readjusted to a revised 7.1% CAGR for the next 7-year period. This segment currently accounts for a 31.4% share of the global Mattresses market.
The U.S. Accounts for Over 27.1% of Global Market Size in 2020, While China is Forecast to Grow at a 7.7% CAGR for the Period of 2020-2027
The Mattresses market in the U.S. is estimated at US$9.3 Billion in the year 2020. The country currently accounts for a 27.12% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$10 Billion in the year 2027 trailing a CAGR of 7.7% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.9% and 4.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.2% CAGR while Rest of European market (as defined in the study) will reach US$10 Billion by the year 2027.We bring years of research experience to this 18th edition of our report. The 407-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
-Competitors identified in this market include, among others,
- Casper Sleep Inc.
- Corsicana Bedding Inc.
- Innocor Inc.
- King Koil
- Kingsdown Inc.
- Paramount Bed Co. Ltd.
- Relyon Limited
- Restonic Mattress Corporation
- Serta Simmons Bedding LLC
- Silentnight Group Ltd.
- Sleep Number Corporation
- Spring Air International
- Tempur Sealy International Inc.