Global Mattress Market (Size of $24,676 million in 2015) to Witness 6.5% CAGR during 2016 – 2022 - PowerPoint PPT Presentation

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Global Mattress Market (Size of $24,676 million in 2015) to Witness 6.5% CAGR during 2016 – 2022

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The global mattress market is expected to increase from $24,675.7 million in 2015 and reach $38,078.1 million by 2022, growing at a CAGR of 6.5%. The increasing population which is leading to increasing rate of home ownership is the key growth driver for the global mattress market. The demand for housing is mainly driven by migration of consumers from rural to urban areas. The high demand for new houses is observed mainly in the emerging regions including the Middle East and Asia-Pacific, where young consumers among the population are laying severe pressure on housing supply. The consumers’ preference towards customized mattresses is one of the major trends witnessed in the global market. – PowerPoint PPT presentation

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Title: Global Mattress Market (Size of $24,676 million in 2015) to Witness 6.5% CAGR during 2016 – 2022


1
Global Mattress Market (Size of 24,676 million
in 2015) to Witness 6.5 CAGR during 2016 2022
2
Mattress Market
The global mattress market is expected to
increase from 24,675.7 million in 2015 and reach
38,078.1 million by 2022, growing at a CAGR of
6.5. The increasing population which is leading
to increasing rate of home ownership is the key
growth driver for the global mattress market. The
demand for housing is mainly driven by migration
of consumers from rural to urban areas. The high
demand for new houses is observed mainly in the
emerging regions including the Middle East and
Asia-Pacific, where young consumers among the
population are laying severe pressure on housing
supply. The consumers preference towards
customized mattresses is one of the major trends
witnessed in the global market. Browse Full
Report on Global Mattress Market at
https//www.psmarketresearch.com/market-analysis/m
attress-market
3
Mattress Market
The increasing population and growing numbers of
nuclear families is increasing the demand for
houses and consequently the market for mattress
globally. The increasing migration of people from
rural to urban areas, mainly in the Middle East
and Asia-Pacific regions is also propelling the
demand for mattresses. Owing to the surging
property prices, home ownership is becoming one
of the factors for social recognition in highly
populated countries, such as India and China. The
governments in several countries have also
considered home ownership as an important policy
goal, and consequently they incentivize it by
creating mortgage interest payments.
4
Mattress Market
The different mattress consumers have separate
needs for them, and according to their needs they
are categorized into five groups, as sleep
sufferers, mattress involveds, healthy and
content, brand selectors, and apathetics. Sleep
sufferers are the consumers not able to get a
good sleep and experience many sleeping problems.
Healthy and content category includes the
consumers generally over 60 years of age having
least chances that their children are less than
18 years of age. Mattresses of this category
include the consumers who are young and have
higher incomes, so as to pay for a premium
mattress. Brand selectors are the consumers who
believe that the quality of a mattress largely
depends on its brand name. The apathetics
category generally includes males with lower
income, who use the mattresses for longer period,
as compared to other categories.
5
Mattress Market
The demand for mattresses is also being propelled
by the growing health concern of consumers. The
increasing busier day schedules of the people are
inducing mental tiredness in them, thus
necessitating the need of a sound sleep. The
focus on sleep quality is becoming important in
the developed countries, which is resulting in
increasing adoption of premium mattresses in
these countries. On the other hand, the Asian
consumers are increasing their mattress budget to
use technologically advanced mattresses, as
compared to their traditional cotton-filler
mattresses. These factors are emerging as
opportunity for market players in the
industry. The major companies operating in the
global mattress market include Tempur Sealy
International Inc., Simmons Bedding Company LLC,
Spring Air International Inc. LLC, Select Comfort
Corporation, Kingsdown Inc., Reylon Beds,
Southerland Bedding, and Corsicana Bedding Inc.
6
Mattress Market
Download report sample at
https//www.psmarketresearch.com/market-analysis/m
attress-market/report-sample
7
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