Market Trends of US Mattress Bases Industry
Rising Sales Of Mattress Driving Mattress Bases Market
- United States exists as a country with large revenue through Mattress sales in the global market, existing at the value of USD 12 billion. Post-COVID, with rising penetration of online sales channels, 38.4% of the mattresses were sold online in the United States, with sleepers between the ages of 18-35 most likely to shop for a mattress online.
- Annual sales of mattresses in the United States exist at 16.8 million. Mattress bases with continuous innovation are provided with adjustable features, including smart features of head and foot control, USB charging points, Bluetooth controls, and other features. These innovations are driving sales of beds and accompanying buyers with smart bedroom features.
- Mattress specialty stores and department stores exist as the segment with 64% of the total retail sales in the United States and provide market opportunity for mattress base makers to expand their sales. There are 2,452 mattress firm stores in the United States currently, with the largest number of mattress firms located in Texas, with 304 stores, which is about 12% of all mattress firm stores, followed by Florida 241 (10%) and California 214 (9%). These mattress markets drive demand for mattress bases as well.
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Rising Population And Household Expenditure Driving Demand
- As the US economy recovered from the negative impact of the pandemic, International tourist visits to the United States increased, driving demand for stays and hotels and influencing demand for mattress base as well. The total population in the United States is observing continuous growth, raising the value of new private home construction to USD 900 billion last year and driving demand for bedding and mattress bases by the people. The market size for home bedding in the United States reached a value of USD 16 billion last year, generating a positive externality for the Mattress Bases market.
- With the average American spending around 36 years in bed over their lifetime, expenditure on bedding becomes an important component of the population. With COVID-19, the US average annual expenditure on furniture (which covers the manufacturing, distribution, and retail of home furniture, household decorative accessories, and home furnishings) per consumer unit in the United States observed a steep rise to USD 715 from USD 530 during previous years.
