Press release
Mattress Market 2018-2024: Top Key Players are Simmons Bedding Company LLC, Serta Inc., Sealy Corporation, Tempur-Pedic International, Inc., etc
Mattresses are used to provide a comfortable sleep, after hours of work in the busy lives of working professionals across the globe. Thus, the increasing disposable income has a positive impact on the standard of living which creates demand for home furnishing and interior designing, including items like mattresses for comfortable sleep. The use of mattresses has increased rapidly both technologically and by application in the recent years. These technological advancements have acted as a breakthrough for improved mattress offerings that are beneficial for health as well.
The factors that enhance the global mattress market are increasing demand for mattress from the hotel industries for room service and provision of best class facilities to the customers. As per the annual report of Ministry of Tourism, India, Foreign Tourist arrival in India has increased from 8.8 Million people in 2016 to 10.18 Million in 2017 and it has increased from 9.7% over 2015 to 15.6% over 2016. Thus, there is increase in demand for hotels, leading to demand for mattress in the hotel room.
The key driver for the global mattress market is increasing disposable income and rapid urbanization in developing countries, like India and China, that results in luxury and comfort. Moreover, Due to rapid urbanization in developing countries, people are looking for flats and rooms in cities near to the job locations. Thus, the demand for real estate construction has also increased in the recent years, owing to an increase in the demand for home furnishing items like mattresses. Sales of home furnishing products has increased, coupled with customer requirements who can afford luxury home decoration products. Thus, the growth of home furnishing along with the demand for luxury home décor or interior designing drives the demand of mattress.
Request for PDF Sample@ https://bit.ly/2SNAv5t
Scope of the Report
The Global Market for Mattress is segmented by product type, size, distribution channel, application, and geography. The product type is further segmented into Memory Foam, Innerspring, Latex, and Others. The size of mattress is further segment into Twin or Double, Twin XL, Full or Double, Queen, King & Other sizes. The distribution channel is segmented into an Online and Offline channel. Furthermore, the application market can be bifurcated into Residential, Commercial & Industrial segment. Geographically, the Global Food Additive market is bifurcated into North America, Asia Pacific, Europe, Middle East & Africa, and Latin America. The North American market was the most prominent market because of a lot of big manufacturers involved in producing mattresses in this region, Serta, Inc., Simmons Bedding, Company LLC, Kingsdown, Inc., etc.
Key Findings of the Report
According to BlueWeave Consulting, the key findings of the report “Global Mattress Market Size, Share, Development, Growth and Demand Forecast to 2024” are:
The demand for global mattress market is expected to grow a significant rate, during forecast period. Mattress is witnessing tremendous growth due to factors such as rise in income and globalization. Thus, the people across the world are more interested in tours and travels than before, creating a large-scale demand of mattress from hotel industries. Global Mattress market is expected to grow over a CAGR of 7% & 4% by value and volume respectively, during the forecast period, 2018-2024
Innerspring Mattress is the largest revenue contributor, in terms of value and volume, as compared to other product types. It is expected to grow with CAGR over 5% by value and over 2% by volume during the forecast period, 2018-2024
Global Mattress market from various applications is estimated to grow with a CAGR over 7% during the period of 2018-2024 with Commercial sector being the highest revenue contributor
Asia Pacific is the fastest growing region in the Mattress market and is expected to propel with a CAGR over 9% by value and with a CAGR over 6% by volume during the forecast period, 2018-2024 with India being the fastest growing market having a CAGR over 12% and expected to reach a revenue of around USD 3,000 million by the end of 2024
Research Methodology
Extensive secondary research was conducted using paid data sources including Bloomberg, Factiva, Capital IQ, OneSource, and Hoovers. Additionally, several publicly-available data sources were used including journals, statistics articles, and industry associations. These data sources were used to gather relevant information to develop an understanding on the global aerosol market. The research was conducted covering the desk research and primary research. Data sources used for primary research included online forums and blogs, CATI/CAWI, CAPI interviews, and video conferences. Additionally, interviews were conducted through connecting with various industry respondents including C-level executives, directors, divisional heads, regional heads, expert consultants, and independent consultants. The primary research was conducted to gain market insights from industry respondents and validate the gathered information through desk research.
Competitive Dynamics
The global Mattress market is dominated by a number of players in the market, amongst them the major players are Simmons Bedding Company LLC, Serta Inc., Sealy Corporation, Tempur-Pedic International, Inc., etc. Companies in this industry are following different strategies to strengthen their market position. For instance, in July, 2018, Tempur-Pedic International, Inc., announced the launch of its luxury series of mattress, under the brand name Tempur-Pedic LuxeAdapt™, that is offered at retail stores at a price of USD 3,999 and will be unveiled in the product in the showrooms of Las Vegas and is expected to begin shipping later this year.
Access Full Research Report@ https://bit.ly/2DbHhuR
Contact Us:
info@blueweaveconsulting.com
https://www.blueweaveconsulting.com
Global Contacts: +18666586826
About BlueWeave Consulting & Research Pvt Ltd.
BlueWeave Consulting provides a full scope of business intelligence solution for solving your toughest challenges. BWC is an emerging global expert & pioneer in the market research and provision of exclusive market INTEL. We optimize your decision making by equipping your industry with an accurate & better market research according to your industry demands through our professionally designed qualitative & quantitative research methods. Our trendy & efficient sample collection methods, integrated data solutions as well as methodologies certainly make us a better partner that you can rely on. With collective experience in the varied fields of retail, market research and reporting, we provide the business insight and business practices that would give the required impetus for your company’s growth.
GD-69, Sector G, East kolkata Twp,
Kolkata, West Bengal
The factors that enhance the global mattress market are increasing demand for mattress from the hotel industries for room service and provision of best class facilities to the customers. As per the annual report of Ministry of Tourism, India, Foreign Tourist arrival in India has increased from 8.8 Million people in 2016 to 10.18 Million in 2017 and it has increased from 9.7% over 2015 to 15.6% over 2016. Thus, there is increase in demand for hotels, leading to demand for mattress in the hotel room.
The key driver for the global mattress market is increasing disposable income and rapid urbanization in developing countries, like India and China, that results in luxury and comfort. Moreover, Due to rapid urbanization in developing countries, people are looking for flats and rooms in cities near to the job locations. Thus, the demand for real estate construction has also increased in the recent years, owing to an increase in the demand for home furnishing items like mattresses. Sales of home furnishing products has increased, coupled with customer requirements who can afford luxury home decoration products. Thus, the growth of home furnishing along with the demand for luxury home décor or interior designing drives the demand of mattress.
Request for PDF Sample@ https://bit.ly/2SNAv5t
Scope of the Report
The Global Market for Mattress is segmented by product type, size, distribution channel, application, and geography. The product type is further segmented into Memory Foam, Innerspring, Latex, and Others. The size of mattress is further segment into Twin or Double, Twin XL, Full or Double, Queen, King & Other sizes. The distribution channel is segmented into an Online and Offline channel. Furthermore, the application market can be bifurcated into Residential, Commercial & Industrial segment. Geographically, the Global Food Additive market is bifurcated into North America, Asia Pacific, Europe, Middle East & Africa, and Latin America. The North American market was the most prominent market because of a lot of big manufacturers involved in producing mattresses in this region, Serta, Inc., Simmons Bedding, Company LLC, Kingsdown, Inc., etc.
Key Findings of the Report
According to BlueWeave Consulting, the key findings of the report “Global Mattress Market Size, Share, Development, Growth and Demand Forecast to 2024” are:
The demand for global mattress market is expected to grow a significant rate, during forecast period. Mattress is witnessing tremendous growth due to factors such as rise in income and globalization. Thus, the people across the world are more interested in tours and travels than before, creating a large-scale demand of mattress from hotel industries. Global Mattress market is expected to grow over a CAGR of 7% & 4% by value and volume respectively, during the forecast period, 2018-2024
Innerspring Mattress is the largest revenue contributor, in terms of value and volume, as compared to other product types. It is expected to grow with CAGR over 5% by value and over 2% by volume during the forecast period, 2018-2024
Global Mattress market from various applications is estimated to grow with a CAGR over 7% during the period of 2018-2024 with Commercial sector being the highest revenue contributor
Asia Pacific is the fastest growing region in the Mattress market and is expected to propel with a CAGR over 9% by value and with a CAGR over 6% by volume during the forecast period, 2018-2024 with India being the fastest growing market having a CAGR over 12% and expected to reach a revenue of around USD 3,000 million by the end of 2024
Research Methodology
Extensive secondary research was conducted using paid data sources including Bloomberg, Factiva, Capital IQ, OneSource, and Hoovers. Additionally, several publicly-available data sources were used including journals, statistics articles, and industry associations. These data sources were used to gather relevant information to develop an understanding on the global aerosol market. The research was conducted covering the desk research and primary research. Data sources used for primary research included online forums and blogs, CATI/CAWI, CAPI interviews, and video conferences. Additionally, interviews were conducted through connecting with various industry respondents including C-level executives, directors, divisional heads, regional heads, expert consultants, and independent consultants. The primary research was conducted to gain market insights from industry respondents and validate the gathered information through desk research.
Competitive Dynamics
The global Mattress market is dominated by a number of players in the market, amongst them the major players are Simmons Bedding Company LLC, Serta Inc., Sealy Corporation, Tempur-Pedic International, Inc., etc. Companies in this industry are following different strategies to strengthen their market position. For instance, in July, 2018, Tempur-Pedic International, Inc., announced the launch of its luxury series of mattress, under the brand name Tempur-Pedic LuxeAdapt™, that is offered at retail stores at a price of USD 3,999 and will be unveiled in the product in the showrooms of Las Vegas and is expected to begin shipping later this year.
Access Full Research Report@ https://bit.ly/2DbHhuR
Contact Us:
info@blueweaveconsulting.com
https://www.blueweaveconsulting.com
Global Contacts: +18666586826
About BlueWeave Consulting & Research Pvt Ltd.
BlueWeave Consulting provides a full scope of business intelligence solution for solving your toughest challenges. BWC is an emerging global expert & pioneer in the market research and provision of exclusive market INTEL. We optimize your decision making by equipping your industry with an accurate & better market research according to your industry demands through our professionally designed qualitative & quantitative research methods. Our trendy & efficient sample collection methods, integrated data solutions as well as methodologies certainly make us a better partner that you can rely on. With collective experience in the varied fields of retail, market research and reporting, we provide the business insight and business practices that would give the required impetus for your company’s growth.
GD-69, Sector G, East kolkata Twp,
Kolkata, West Bengal
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