Overview and Scope
A memory foam mattress refers to a type of mattress that uses viscoelastic foam, which conforms to the shape of the sleeper’s body, providing personalized support and comfort. It has the ability to relieve pressure points and reduce motion transfer, making it a popular choice for those seeking a comfortable and supportive sleep surface. These mattresses are known for their durability and ability to alleviate discomfort associated with various sleeping positions.
Sizing and Forecast
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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Segmentation & Regional Insights
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
Top 5 Major Players:
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.
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Major Driver Impacting Market Growth
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.
Key Industry Players
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
The memory foam mattress market report table of contents includes:
1. Executive Summary
2. Memory Foam Mattress Market Characteristics
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
….
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
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Memory Foam Mattress Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Memory Foam Mattress Market, Segmentation By Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Memory Foam Mattress Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
….
Table 74: Leggett & Platt Inc. Financial Performance
Table 75: Tempur Sealy International Inc. Financial Performance
Table 76: Sleep Number Corporation Financial Performance
Table 77: Serta Inc. Financial Performance
Table 78: Hilding Anders International AB Financial Performance
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