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Global Memory Foam Mattress Market - Industry Trends and Forecast to 2030

FMCG

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Global Memory Foam Mattress Market - Industry Trends and Forecast to 2030

  • FMCG
  • Upcoming Report
  • Oct 2023
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Global Memory Foam Mattress Market - Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 5,184.06 USD Million
Diagram Market Size (Forecast Year) USD 7,372.26 USD Million
Diagram CAGR %

Major Markets Players

  • Dummy1
  • Dummy2
  • Dummy3
  • Dummy4
  • Dummy5

Global memory foam mattress market, By Type (Below 10cm, 10- 30cm and Above 30cm), Applications (Residential Use and Commercial Use), Size (Twin, Twin XL, Full Size and Others) - Industry Trends and Forecast to 2030.

Memory Foam Mattress Market

Memory Foam Mattress Market Analysis and Size

Due to rising acute back pain, the demand for memory foam mattresses is bound to rise. Most of the people suffer from sleep deprivation due to some or the other reason. This affects their mental health, physical health and spiritual health. The memory foam mattresses fall in the category of luxury goods and not normal goods. This means that one has to incur huge costs to get the possession. It is therefore not affordable by everyone. This has limited the scope of growth for the market. Also, the long replacement cycle of mattresses is hindering the growth of memory foam mattress market.

Data Bridge Market Research analyses that the memory foam mattress market which was USD   5,184.06 million in 2022, is expected to reach USD 7,372.26 million by 2030, and is expected to undergo a CAGR of 4.50% during the forecast period of 2023 to 2030. “Conventional” dominates the type segment of the memory foam mattress market due to its offer space efficiency, organization, and versatility while contributing to the overall aesthetics of bathroom. They are practical, cost-effective, and help keep towels dry and accessible. The choice of memory foam mattress type and style should align with specific bathroom design and needs. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.

Memory Foam Mattress Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Type (Below 10cm, 10-30cm and Above 30cm), Applications (Residential Use and Commercial Use), Size (Twin, Twin XL, Full Size and Others)

Countries Covered

U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa

Market Players Covered

Serta, Inc. (U.S.), KING KOIL (U.S.), SINOMAX (China), Glideaway (U.S.), Sleep Number Corporation (U.S.), Tempur Sealy International, Inc. (U.S.), Casper Sleep Inc. (U.S.), DeRUCCI International Holdings Limited (China), Kingsdown, Inc. (U.S.), Simmons Bedding Company (U.S.), Spring Air International (U.S.), Dorel Industries Inc. (Canada), Restonic Mattress Corporation (U.S.), Corsicana Mattress Company (U.S.), Leggett & Platt, Inc. (U.S.), Southerland Sleep (U.S.), Sleemon (China), Hilding Anders (Sweden), M/S.Shubh Lifestyle Creations (India) and Siddharth Poly Foam Private Limited (India), among others

Market Opportunities

  • Ongoing advancements in memory foam technology
  • Increasing demand for eco-friendly and sustainable products
  • Combining memory foam with other materials, such as innerspring coils or latex, creates hybrid mattresses

Market Definition

A memory foam mattress is a type of bedding designed for superior comfort and support. It is crafted from viscoelastic foam, a unique material that responds to body heat and weight. The mattress contours and molds to the sleeper's body, evenly distributing pressure and providing exceptional support to relieve pressure points, such as shoulders and hips. This adaptive quality promotes restful sleep, reduces discomfort, and enhances spinal alignment. Memory foam mattresses are known for isolating motion, and preventing disturbances caused by a partner's movements.

Memory Foam Mattress Market Dynamics

Drivers

  • Memory Foam Mattresses are Favored for their Exceptional Comfort and Support

Memory foam mattresses are renowned for their ability to provide superior pressure point relief. The viscoelastic foam responds to the body's heat and weight, contouring to the sleeper's unique shape. This alleviates pressure on areas such as the shoulders, hips, and lower back, reducing discomfort and promoting a more comfortable sleep experience. Memory foam mattresses help maintain proper spinal alignment by evenly distributing body weight and supporting the natural curvature of the spine. This alignment minimizes the risk of waking up with aches and pains, contributing to a more restful and rejuvenating sleep.

Comfort and support are fundamental drivers for the global memory foam mattress market because they address key factors that influence sleep quality and overall well-being. Consumers seek out memory foam mattresses for their ability to provide pressure relief, spinal alignment, motion isolation, and customized comfort, making them a preferred choice for those looking for a comfortable and supportive sleep surface.

  • Increasing Awareness of the Importance of Quality Sleep for Overall Health

Health awareness is a significant driver in the global memory foam mattress market, with consumers increasingly prioritizing their well-being and recognizing the connection between quality sleep and overall health. As awareness of sleep-related health issues, such as insomnia, sleep apnea, and chronic back pain, grows, people are more inclined to invest in products that can improve their sleep quality. Memory foam mattresses are often recommended by healthcare professionals for their potential to alleviate these issues. Health-conscious consumers are increasingly adopting preventive health measures. Investing in a memory foam mattress is seen as a proactive step toward maintaining good health by addressing sleep-related issues before they become chronic.

Health awareness is a driving force behind the global memory foam mattress market as consumers become increasingly conscious of the link between sleep quality and overall health. Memory foam mattresses are perceived as a proactive and beneficial investment in improving sleep-related health issues, managing chronic pain, and promoting overall well-being, making them a preferred choice for health-conscious individuals.

Opportunity

  • Ongoing Advancements in Memory Foam Technology

Technological advancements present significant opportunities in the global memory foam mattress market, as they can lead to innovations that enhance the quality, features, and customer experience of memory foam mattresses. Ongoing research and development in material science can lead to the creation of new memory foam formulations that offer improved comfort, durability, and temperature regulation. Innovations in foam composition can enhance the overall sleep experience. Emerging 3D printing technologies could revolutionize mattress manufacturing by allowing for intricate designs, customized support zones, and rapid prototyping of new mattress concepts.

Technological advancements offer numerous opportunities in the memory foam mattress market by driving innovation, improving product performance, expanding customization options, and addressing consumer concerns. These advancements can help manufacturers stay competitive, attract a wider customer base, and meet the evolving demands of health-conscious and tech-savy consumers.

Restraint/Challenge

  • Memory Foam Mattresses are Often Priced Higher than Traditional Mattresses

Price sensitivity, or the sensitivity of consumers to the price of memory foam mattresses, is a significant restraint in the global memory foam mattress market. Memory foam mattresses are often priced higher than traditional spring mattresses or other types of bedding. This higher initial cost can deter price-conscious consumers from choosing memory foam options, especially when budget constraints are a concern.

Price sensitivity is a restraint in the memory foam mattress market because consumers often weigh the perceived value of a mattress against its price. While memory foam mattresses offer comfort and support benefits, they may be seen as a higher-priced option compared to alternatives, leading some consumers to choose more budget-friendly options. Manufacturers and retailers must carefully consider pricing strategies and communicate the value proposition of memory foam mattresses to address price sensitivity and attract a broader range of consumers.

This memory foam mattress market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the memory foam mattress market contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.

Recent Developments

  • In September 2023, Houston, Texas-based Sinomax USA Inc. introduced a lineup of products and technologies at the fall textile market, including a breathable foam formulation called AirMax, as well as enhanced cooling and packaging features. AirMax is a new, proprietary, breathable memory foam tested to be more than 20 times more breathable than conventional memory foams, according to a news release. The technology is optimized for use in memory foam pillows, mattress toppers and mattress layers.
  • In January 2023, Serta Simmons Bedding (SSB), one of the leading global sleep companies, today announced updates to key lines in its mattress portfolio across its Serta and Beautyrest brands. Highlight launches, which will be on display at Winter Las Vegas Market beginning Jan. 29, include the next generation of Serta’s iComfort line, Serta iComfortECOTM, which integrates more sustainable materials, and the improved Serta Perfect Sleeper collection, which delivers the brand’s trademark comfort as well as zoned support, at more accessible price points.

Global Memory Foam Mattress Market Scope

The memory foam mattress market is segmented on the basis of type, applications and size. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Below 10cm
  • 10-30cm
  • Above 30cm

Applications

  • Residential Use
  • Commercial Use

Size

  • Twin
  • Twin XL
  • Full Size
  • Others

Global Memory Foam Mattress Market Regional Analysis/Insights

The memory foam mattress market is analyzed and market size insights and trends are provided by type, applications, and size are referenced above.

The countries covered in the memory foam mattress market report are U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, U.A.E., Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa.

Asia-Pacific is projected to undergo the highest market growth rate during the forecast period. This is because of rapid urbanization that has led to construction of residential and commercial properties, hospitals and hotels. Also, rising population especially in countries such as India and China coupled with the rise in personal disposable income will in turn create more demand for memory foam mattresses. Emergence of new players in the market has enabled the improvement in the technology. This will also improve the demand for memory foam mattresses. Due to these reasons Asia-Pacific holds a dominant position in the market and will continue to flourish during the forecast period.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as down-stream and up-stream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Memory Foam Mattress Market Share Analysis

The memory foam mattress market competitive landscape provides details by competitors. details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, application dominance. The above data points provided are only related to the company’s focus related to the memory foam mattress market.

Some of the major players operating in the memory foam mattress market are:

  • Serta, Inc. (U.S.)
  • KING KOIL (U.S.)
  • SINOMAX (China)
  • Glideaway (U.S.)
  • Sleep Number Corporation (U.S.)
  • Tempur Sealy International, Inc. (U.S.)
  • Casper Sleep Inc. (U.S.)
  • DeRUCCI International Holdings Limited (China)
  • Kingsdown, Inc. (U.S.)
  • Simmons Bedding Company (U.S.)
  • Spring Air International (U.S.)
  • Dorel Industries Inc. (Canada)
  • Restonic Mattress Corporation (U.S.)
  • Corsicana Mattress Company (U.S.)
  • Leggett & Platt, Inc. (U.S.)
  • Southerland Sleep (U.S.)
  • Sleemon (China)
  • Hilding Anders (Sweden)
  • M/S.Shubh Lifestyle Creations (India)
  • Siddharth Poly Foam Private Limited (India)


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FREQUENTLY ASK QUESTIONS

The Memory Foam Mattress Market will be worth USD 7,372.26 million by 2030.
The Memory Foam Mattress Market growth rate is 4.50% during the forecast period.
Memory Foam Mattresses are Favored for their Exceptional Comfort and Support & Increasing Awareness of the Importance of Quality Sleep for Overall Health are the growth drivers of the Memory Foam Mattress Market.
The type, applications and size are the factors on which the Memory Foam Mattress Market research is based.
Houston, Texas-based Sinomax USA Inc. introduced a lineup of products and technologies at the fall textile market, including a breathable foam formulation called AirMax, as well as enhanced cooling and packaging features & Serta Simmons Bedding (SSB), one of the leading global sleep companies, today announced updates to key lines in its mattress portfolio across its Serta and Beautyrest brands are the latest developments in the Memory Foam Mattress Market.
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