The polyurethane 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.
Polyurethane 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 polyurethane foam mattress market size has grown strongly in recent years. It will grow from $8.99 billion in 2023 to $9.44 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to changing lifestyles and demographics, durability, health benefits, comfort and support, and regulatory changes.
The polyurethane foam mattress market size is expected to see strong growth in the next few years. It will grow to $11.68 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to growing demand for comfortable and supportive bedding solutions, rising adoption of eco-friendly and sustainable mattress materials, increasing focus on sleep quality among aging populations, and growth in online retail channels. Major trends in the forecast period include a focus on sleep technology, hybrid mattresses, enhanced comfort features, smart mattresses, and innovative packaging and delivery methods.
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Scope Of Polyurethane 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.
Polyurethane Foam Mattress Market Overview
Market Drivers –
The expansion of the hospitality industry is expected to propel the growth of the polyurethane foam mattress market going forward. The hospitality industry comprises businesses offering guests accommodation, food, beverages, entertainment, and related services, encompassing hotels, restaurants, bars, resorts, and event planning companies. The hospitality industry is rising due to the increasing demand for experiential travel, changing consumer preferences, focus on wellness and sustainability, and cultural and culinary diversity. Polyurethane foam mattresses are preferred in the hospitality industry due to their lasting durability, comfort, and affordability, meeting varied guest requirements and providing sustained returns on investment. For instance, in January 2024, according to Eurostat, a Luxembourg-based statistical office of the European Union, during the third quarter of 2023, guests stayed for a total of 309.4 million nights in short-term rental accommodations across the European Union (EU), marking a 13.4% increase compared to the corresponding period in 2022. Therefore, the expansion of the hospitality industry is driving the growth of the polyurethane foam mattress market.
Market Trends –
Major companies operating in the polyurethane foam mattress market are focused on developing eco-friendly polyurethane (PU) foam, such as Hybrid Endura, to boost their revenue in the market. Hybrid Endura is an eco-friendly polyurethane (PU) foam produced using environmentally sustainable processes and materials to reduce its environmental impact. For instance, in January 2024, NEVEON Holding GmbH, an Austria-based foam manufacturing company, Hybrid Endura. This foam generates 70% fewer emissions than conventional HR foam mattress cores, and 30% of the raw materials used to make the product’s polyurethane foam are renewable. The foam is lightweight, weighing 38 kg/m3, compared to traditional high-resilience foam weighing 52–70 kg/m3. It provides high rebound properties, even pressure distribution in all sleeping positions, and high air permeability, which helps to control humidity and heat.
The polyurethane foam mattress market covered in this report is segmented –
1) By Type: King Size, Queen Size, Single Size
2) By Application: Private Households, Hotels, Hospitals, Other Applications
3) By Distribution Channel: Supermarket And Hypermarket, Specialty Stores, Online Retails, Other Distribution Channels
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Regional Insights –
North America was the largest region in the polyurethane foam mattress market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the polyurethane 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 polyurethane foam mattress market report are Leggett & Platt Inc.; Tempur Sealy International Inc.; Sheela Foam Limited; Sinomax Group Limited; Corsicana Bedding Inc.; Restonic (M) Sdn Bhd; Southerland Inc.; Kingsdown Inc.; Tuft & Needle LLC; Zinus Inc.; Nectar Sleep; Spring Air Bedding Co Ltd.; Peps Industries Private Limited; ENGLANDER COMPANY LIMITED; Brooklyn Bedding; Layla Sleep Inc.; Amerisleep LLC; Dunlopillo GmbH; Innocor Inc; Sealy Corporation; Serta Inc; Duroflex Private Limited
Table of Contents
1. Executive Summary
2. Polyurethane Foam Mattress Market Characteristics
3. Polyurethane Foam Mattress Market Trends And Strategies
4. Polyurethane Foam Mattress Market – Macro Economic Scenario
5. Global Polyurethane Foam Mattress Market Size and Growth
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32. Global Polyurethane Foam Mattress Market Competitive Benchmarking
33. Global Polyurethane Foam Mattress Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Polyurethane Foam Mattress Market
35. Polyurethane Foam Mattress Market Future Outlook and Potential Analysis
36. Appendix
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