Market Size of Asia-Pacific Mattress Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR (2024 - 2029) | > 7.60 % |
| Market Concentration | High |
Major Players.webp)
*Disclaimer: Major Players sorted in no particular order |
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Asia-Pacific Mattress Market Analysis
The Asia-Pacific Mattress Market is expected to register a CAGR of greater than 7.60% during the forecast period(2024-2029).
Asia-Pacific exists as the leading user of mattresses owing to the large population of India, China, Indonesia, and Pakistan. With an increase in population growth, demand for residential construction is also observing an increase, leading to rising market opportunities for the sale of mattresses. China, Japan, South Korea, India, and Australia have emerged as countries leading in the value of commercial and residential real estate construction, resulting in a sharp rise in the number of bedroom spaces in these regions. Rising urbanization and increases in the level of income are among the factors resulting in an increased expenditure for making sleeping and bedding furniture more comfortable and equipped with smart features.
With an increase in penetration of technology and smartphone sales as well as mattresses, product features have been revolutionized over some time. With a rise in online sales through e-commerce, company websites, and other channels, more than 20% of the revenue share in the market is through online sales. Other than this, with the rise of AI and ML, mattresses are equipped with sensors, making them capable of recording the sleeping pattern of the user to make sleeping better. These features have led to a rise in demand for the segment of smart mattresses in the market. As high-quality mattresses aid in comfort and healthy sleep, they are observing a rising demand from commercial as well as residential segments.
Rising expenditure on mattress product innovation expenditures, increasing demand for various types of mattresses in emerging economies, and behavioral changes in consumers’ sleeping patterns are among the factors expected to drive growth in the mattress market during the forecasted period. In addition to this, the expansion of the hospitality industry (hotels and lounges) around the world is fuelling the mattress market's expansion.
