According to the research report titled ‘Global Sleeping Mattress Market Size study, by Type (Innerspring, Latex, Foam and Others), End-User (Residential and Commercial), Distribution channel (Online and Offline) and Regional Forecasts 2020-2027’, available with Market Study Report, global sleeping mattress market was worth USD 33.2 billion in 2019 and is expected to register 5.2% CAGR with a valuation of USD 49.80 billion over 2020-2027.
 

Infrastructural innovations, rising discretionary income, and surging residential and hospitality units are the major factors propelling the worldwide sleeping mattress industry growth. Additionally, rising spending on luxurious products and comfort, uneven sleepy cycle as well as prevalence of sleeping disorders will bolster the product demand.
 

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Citing an instance, Eight Sleep launched a new smart mattress in February 2019, which has innovative features like dual thermostat and biometric monitoring. Such launches by established players will multiply the industry remuneration.

 

It is to be noted that sleeping mattress is filled with a resilient material alone or along with other products and is used for bedding purposes. Availability of customized mattress, coupled with inclination towards interior designing and better standard of living are boosting the global sleeping mattress market outlook.

 

On the other hand, increasing number of forgers selling fake and unauthorized mattresses is likely to hamper the business scenario during the analysis timeframe.

 

In terms of type, the industry vertical offers foam, innerspring, latex, and others, whereas the distribution channels deployed include offline, and online. Speaking of end user terrain, the industry is classified into commercial, and residential.

 

Moving on to regional landscape, the report on global sleeping mattress market hosts the present opportunities across North America, Middle East & Africa, Asia Pacific, Europe, and Latin America.
 

As per estimates, Asia Pacific industry share is expected to bolster at a momentous rate in the stipulated timeframe, creditable to increasing per capita income, surging elderly populace, pervasiveness of sleeping disorders and back pain, soaring middle class population, and presence of modern smart mattresses solution.

 

The competitive landscape of worldwide sleeping mattress market is defined by companies such as Leggett & Platt, Saatva, Silentnight Group, Tempur Sealy International Inc., Kingsdown Inc., Sleep Number Corp., Kurlon Enterprise Limited, Serta Simmons Bedding LLC, Spring Air Company, and Paramount Bed Co. Ltd. among others.