United States Mattress Market- Growth, Trends, and Forecasts (2020 - 2025)
発行: Mordor Intelligence Pvt Ltd
ページ情報: 英文 120 Pages
The US mattress market is poised to see growth in the coming years due to improvements in the mattress products in the country. The incidence of sleep disorder and back pain are driving the US mattress market. Housing starts, along with rising disposable income, is expected to drive marketing in the coming years.
One of the key trends in the market is the demand for customized mattresses. Twin size mattress is very popular among United States households. Also, the commercial segment is poised to propel the demand of mattresses in the near future as hospitality sectors, such as hotels, hospitals, and luxury spas, require mattresses to serve customers. Futuristic innovations in mainstream sleeping solutions and technologies may further drive consumer confidence in the market.
Innerspring Market Dominated the United States Mattress Market
The innerspring mattress dominated the majority of the mattress market in the United States. However, the market share of the memory foam mattress market is expected to rise in the coming years. This is mainly due to decreasing consumer satisfaction from the innerspring mattress as they wear out faster, and consumers have to replace them. Baby boomers that form a large share of the United States market are the prime consumers for the memory foam mattress in the country. Share of the latex mattress market is also likely to rise in the market due to the growing consciousness of the people regarding toxic materials in the mattresses foams. Markets for plant plant-based memory foam, organic cotton, wool are also increasing.
Increasing Disposable Income in the United States is Driving the Market
It is observed that the disposable income of the people in the United States has been increasing y-o-y. Increasing personal disposable income, consumers tend to buy more home furnishing goods, including the mattress. This is also likely to drive the revenue of mattress specialty stores in the market. As the consumer becomes more aware of innovations in the market, high-end luxury mattress demand may also rise. Online channel distributors are also taking advantage of this and coming up with ideas to make mattresses fit in a box so that it can be easily delivered to the consumers.
The US mattress market is moderately consolidated in nature with brands, such as Serta Simmons Bedding LLC, Tempur Sealy International Inc., and Sleep Number Corporation holding high market share. However, there are various small players present in the markets. Companies are following a merger and acquisition strategy to remain competitive in the market. Omni-channel distribution is also taking place in the market to deal with all different client bases present in the mattress market.