The memory foam mattress global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Memory Foam Mattress Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The memory foam mattress market size has grown strongly in recent years. It will grow from $5.32 billion in 2023 to $5.74 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to environmental concerns, sustainability, demographics, the influence of celebrity endorsements, and market expansion.
The memory foam mattress market size is expected to see strong growth in the next few years. It will grow to $7.92 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to sleep disorders, housing market trends, e-commerce expansion, health and wellness trends, and education. Major trends in the forecast period include smart technology integration, enhanced cooling properties, focus on sleep hygiene, increased competition driving innovation, and hybrid designs.
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Scope Of Memory Foam Mattress Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Memory Foam Mattress Market Overview
Market Drivers –
The expansion of e-commerce is expected to propel the growth of the memory foam mattress market going forward. E-commerce refers to the exchange of money or data using an electronic network, mostly the Internet, for the purchase and sale of products and services. The expansion of e-commerce is driven by increased internet penetration, convenience, and a growing preference for online shopping. E-commerce offers convenient access to a wide selection of memory foam mattresses, enabling consumers to compare prices and specifications before purchasing from the comfort of their homes. For instance, in February 2024, according to the Census Bureau of the Department of Commerce, a US-based government department, e-commerce sales surged by 7.5% in the fourth quarter of 2023 compared to the same period in 2022. Therefore, the expansion of e-commerce is driving the growth of the memory foam mattress market.
Market Trends –
Major companies operating in the memory foam mattress market are increasing their focus on developing advanced products, such as cooling technology mattresses, to gain a competitive edge in the market. Cooling technology mattresses are innovative bedding products designed to address the issue of sleeping hot by incorporating advanced materials and technologies to regulate temperature and enhance thermal comfort during sleep. For instance, in February 2024, Malouf Home, a US-based provider of bedding and furniture, launched two new products, namely the FlexFill Pillow with a HyperChill cover, in the US market. The FlexFill Pillow with HyperChill cover has a traditional feel to the down alternative and shredded memory foam fill, and it features a cool-touch HyperChill cover to provide customers with a sought-after cooling effect. The HyperChill cooling gel infusion regulates temperature and dissipates heat, providing a cooler and more comfortable sleep environment. The pillow’s design seeks to improve the overall sleep experience by providing both support and temperature control, making it perfect for use with a memory foam mattress recognized for its contouring capabilities.
The memory foam mattress market covered in this report is segmented –
1) By Type: Below 10 Centimeter, 10-30 Centimeter, Above 30 Centimeter
2) By Size: Twin, Twin Extra Large, Full Size, Other Sizes
3) By Applications: Residential Use, Commercial Use
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Regional Insights –
Asia-Pacific was the largest region in the memory foam mattress market in 2023. The regions covered in the memory foam mattress market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the memory foam mattress market report are Leggett & Platt Inc.; Tempur Sealy International Inc.; Sleep Number Corporation; Serta Inc.; Hilding Anders International AB; Dorel Industries Inc.; Sinomax Group Limited; Sheela Foam Limited; Corsicana Bedding Inc.; Wakefit Innovations Pvt. Ltd.; Restonic Mattress Corporation ; Zinus Inc.; Tuft & Needle LLC; Kurlon Enterprise Ltd.; Nectar Sleep Ltd.; Peps Industries Private Limited; King Koil; Brooklyn Bedding; Amerisleep LLC; Centuary Fibre Plates Pvt .Ltd.; DeRUCCI International Holdings Limited ; Sleep Management Pvt. Ltd.; Novosbed Inc.; Duroflex Private Limited
Table of Contents
1. Executive Summary
2. Memory Foam Mattress Market Report Structure
3. Memory Foam Mattress Market Trends And Strategies
4. Memory Foam Mattress Market – Macro Economic Scenario
5. Global Memory Foam Mattress Market Size and Growth
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32. Global Memory Foam Mattress Market Competitive Benchmarking
33. Global Memory Foam Mattress Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Memory Foam Mattress Market
35. Memory Foam Mattress Market Future Outlook and Potential Analysis
36. Appendix
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