Adjustable Bed Bases Market Size
|2020 - 2029
|Base Year For Estimation
|> 8.00 %
|Fastest Growing Market
*Disclaimer: Major Players sorted in no particular order
Need a report that reflects how COVID-19 has impacted this market and its growth?
Adjustable Bed Bases Market Analysis
The Adjustable Bed Bases Market has generated gross premiums of USD 7 billion in the current year, and it is poised to achieve a CAGR of more than 8% for the forecast period.
Post-COVID, people are sleeping less due to back pain, lumbar spasms, and stiffening of the spine. This has resulted in an increase in product sales. In addition to working at home and on night shifts, people also spent more time traveling. As a result, there is an increase in demand for adjustable bed and mattress. The hospitality sector has also seen an increase in demand due to a rise in people going out to travel as the effects of the pandemic abated.
The growing population around the world, the construction of new private housing units, the increasing demand for furniture and furnishing products like adjustable bed base and bed set, the increasing adoption of intelligent adjustable bed base/bed set, the growing demand for multi-functional adjustable bed base, the rising disposable income of people, the increasing preferences in the residential and commercial sector to improve the appearance of newly built establishments, etc., are some of the key and vital factors that are likely to increase the growth of the market for adjustable bed bases in the forecast period.
On the other hand, the introduction of functional and therapeutic products like designs that improve sleeping positions and can also offer foot warming will attract a larger customer base and increase awareness of the product benefits, which in turn will create massive opportunities for the adjustable bed bases market.
Adjustable Bed Bases Market Trends
Smart Features Like Sleep Tracking Booming the Market
Adjustable bed bases are increasingly popular due to the integration of smart features, such as wireless controls and massage functions, as well as sleep tracking, into smart home systems. These bed bases are equipped with smart technology that allows users to control the settings through applications, voice commands, or wearables. Additionally, some adjustable bed bases feature sleep-tracking capabilities that enable users to track their sleep and make appropriate adjustments.
Increasing Health Awareness Helps with Market Growth
Chronic diseases are on the rise around the world due to lifestyle changes and an aging population. Some of the most common chronic diseases include arthritis and heart disease. Other chronic diseases include stroke, diabetes, and cancer. As a result, there is a growing need for bed bases that can be adjusted to provide a better quality of life to patients with chronic conditions. In addition, chronic sleep deprivation has a significant impact on a person's quality of life. Clinical studies have shown that jet lag, breathing issues, and sleep disturbances are caused by discomfort caused by the durability and firmness of the mattress. Consumers are spending a lot of money on good-quality bed mattresses, which is driving the growth of this industry. There are also several factors to consider before buying a mattress, such as comfort.
Adjustable Bed Bases Industry Overview
The report covers major players operating in the Adjustable Bed Bases Market. In terms of market share, few of the major players currently dominate the market. However, with technological advancement and product innovation, many companies are increasing their market presence by securing new contracts and tapping new markets. It has major players, including Tempur Sealy International, Serta Simmons Bedding, Leggett & Platt, Reverie, and Sleep Number Corporation.
Adjustable Bed Bases Market Leaders
Tempur Sealy International
Serta Simmons Bedding
Leggett & Platt
Sleep Number Corporation
*Disclaimer: Major Players sorted in no particular order
Adjustable Bed Bases Market News
- Jan 2023: Southerland launched a new technology, the wall-hugging capability of EasyREACH®, which allows for a consistent distance between the user and the nightstand, which is especially beneficial for individuals with neck or back problems or other medical conditions. Both standard models and EasyREACH are available in the firm's store.
- Dec 2022: Ergomotion announced the introduction of its Bed Diagnostic function, which is available for a limited selection of Ergomotion adjustable bed bases. This new feature enables customers to evaluate the functionality of their bed base via the Ergomotion mobile app and provide a report if any repairs or part replacements are required.
Table of Contents
1.1 Study Assumptions and Market Definition
1.2 Scope of the study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS AND DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Advancement of Technology
4.2.2 Health and Wellness Awareness
4.3 Market Restraints
4.3.1 Fluctuation of Raw Material Price
4.4 Industry Attractiveness - Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitutes
4.4.5 Intensity of Competitive Rivalry
4.5 Insights into Current Trends and Innovations in the Market
4.6 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Material
5.1.3 Other Materials
5.2 By Size
5.2.1 Full Size
5.2.2 Twin Size
5.2.3 Twin-XL size
5.2.4 Queen Size
5.2.5 King Size
5.2.6 Special Size
5.3 By Geography
5.3.1 North America
5.3.4 South America
5.3.5 Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Tempur Sealy International
6.2.2 Serta Simmons Bedding
6.2.3 Leggett & Platt
6.2.5 Sleep Number Corporation
6.2.7 Boyd Sleep
6.2.10 Southerland Sleep*
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
Frequently Asked Questions
What is the current Adjustable Bed Bases Market size?
The Adjustable Bed Bases Market is projected to register a CAGR of greater than 8% during the forecast period (2024-2029)
Who are the key players in Adjustable Bed Bases Market?
Tempur Sealy International, Serta Simmons Bedding, Leggett & Platt, Reverie and Sleep Number Corporation are the major companies operating in the Adjustable Bed Bases Market.
Which is the fastest growing region in Adjustable Bed Bases Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Adjustable Bed Bases Market?
In 2024, the Americas accounts for the largest market share in Adjustable Bed Bases Market.
What years does this Adjustable Bed Bases Market cover?
The report covers the Adjustable Bed Bases Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Adjustable Bed Bases Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Adjustable Bed Bases Industry Report
Statistics for the 2024 Adjustable Bed Bases market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Adjustable Bed Bases analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.