COVID-19 Pandemic Impact on Mattress Market is estimated to grow at a CAGR of 7.21% During Forecast Period 2020 to 2024

COVID-19 Pandemic Impact on Mattress Market Information by Type (Memory Foam, Hybrid, Innerspring, Latex, Gel-Filled and others) End User (Residential and Commercial) and Region

Market Overview

A mattress refers to a rectangular shaped pad that is made up of quilted or any similarly fastened case, generally a heavy cloth. They are filled with materials such as cotton, hair, foam, water, air, or even a metal spring framework. Mattresses are sold in standard sizes in different parts of the globe. But their size could also vary in terms of the height, width, and depth. There are some nations where the size of the mattresses is referred to as king-size, queen-size, or double. They basically represent the dimension of the mattress.

The overall quality and condition of the mattress generally deteriorate with the passage of time. The lifespan or durability of the mattresses depends on a diverse range of factors, such as the material that has been used, care taken, manufacturing quality, and how rigorously they are used. There has been a surge in the overall demand for mattresses in different parts around the globe. The surge in demand can be specifically seen in markets such as Asia as well as South America.

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Due to demand in these regions, the global demand for these products has also increased to a substantial extent. A comprehensive study has been carried out to get an insight into the growth potential of the global mattress market during the forecasted period. It has been estimated that during the forecasted period, the market is likely to register a growth in the CAGR of 7.21 % due to the rise in demand for the products.

Key Players

The prominent players in theGlobal COVID-19 Pandemic Impact on Mattress Market are Kingsdown, Inc. (US), Sleep Number Corporation (US), Serta Simmons Bedding, LLC (US), Tempur Sealy International, Inc. (US), Relyon Ltd (UK), Southerland, Inc. (US), Corsicana Mattress Company (US), and Pleasant Mattress, Inc. (US).

Industry News

Intense level of transformation has taken place in the mattress industry, and further changes are also going on. Marketers are focusing on designing unique mattress designs by taking into consideration the health needs of the customers. Key players are also using innovative approaches to design superior quality mattresses in the market.  

Market segmentation

Global COVID-19 Pandemic Impact on Mattress Market can be segmented based on product type, end-users or application, and region. Based on the product type, the mattress market can be further divided into a hybrid, memory foam, latex, gel-filled, innerspring, and others. Based on the end-users or application, the industry can be further categorized into residential and commercial.  The market has a presence in different corners around the globe, such as Brazil, Chile, UAE, Saudi Arabia, India, Indonesia, and many more. A diverse range of factors come into play and influence the performance of the market at a different segment level.

Geographical classification

Based on the regional segmentation, the major sub-divisions are North America, Asia Pacific, Europe, Middle East, and Africa, and South America. In the recent past, the North American market has shown exceptional performance and boosted the overall performance of the market at the global level.  It is expected that during the forecasted period, the Asia Pacific market will show solid performance and take the market demand to a new level at a global scale. The main reason for the accelerated growth is the increase in home furnishing, which is the result of rapid urbanization as well as the growth of the middle class.

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NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

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