Market Size of North America Mattress Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2020 - 2022 |
CAGR | 7.00 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
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North America Mattress Market Analysis
The rising consumer preference for customized mattresses is one of the major trends being observed in the region's mattress market. Immersed in a work-from-home revolution, people are working from their beds, watching movies in the sack, spending more time at home, and, consequently, deciding to upgrade their sleep setup. The upshot is that after years of turmoil caused by bankruptcies, store closures, and intense competition, the mattress industry is suddenly flourishing during a pandemic that has reoriented people's budgets.
A typical mattress sold in North America had an innerspring core and cotton batting or fiberfill. Modern mattresses usually contain either an innerspring core or materials such as latex, viscoelastic, or other flexible polyurethane foams. Other fill components include insulator pads over the coils that prevent the bed's upholstery layers from cupping down into the innerspring, as well as polyester fiberfill in the bed's top upholstery layers. China and North America were the largest consumption market in the world, which respectively took about 26.69% and 26.65% of the global consumption volume.
The drivers that influence the mattress market growth are the International hotels demand, rising in disposable incomes and growth of the hospitality sector. The consumers in this market are much interested in the focus on sleep quality growing regularly. On the other side, scarce availability of raw materials leads to increase in the price of premium products.