Market Size (2014)
2014
$24.89B
Food & Beverages
Mattress Market
By Segment, By Region, And Segment Forecasts, 2014 – 2024
Vertical: CFnBBase Year: 201711 Sections
Executive Summary
Mattress Market — Snapshot
Projected (2024)
2024
$49.50B
CAGR (2014–2024)
7.1%
7.1%Key Players
104+
The global mattress market has been largely benefited by the growth of the real estate sector across the globe. Rapid urbanization in developing economies is expected to spur the growth of the global market during the forecast period. The high growth of the hospitality industry is also projected to act as a major driver for the growth of the global mattress market during the review period. With increasing per capita disposable incomes, consumers are inclined toward premium mattresses. The introduction of smart mattresses by key manufacturers is a major trend in developed economies. Moreover, the demand for eco-friendly mattresses is increasing.
According to MRFR analysis, the global mattress market is projected to grow at a steady pace. The market is expected to reach USD 49,498.8 million by 2024 at an estimated CAGR of 7.21% from 2018 to 2024. At the country level, the market in the US is expected to reach USD 12,558.2 million by the end of 2024 at a CAGR of 6.32% during the forecast period.
The innerspring type segment is expected to dominate the global mattress market and is projected to reach USD 18,308.4 million by 2024 at a CAGR of 7.29%. The hybrid segment is projected to register a substantial CAGR of 7.74% to reach USD 1,949.0 million by 2024.
The residential end user segment dominated the global mattress market in 2017 and is projected to reach USD 34,970.4 million by 2024. However, the commercial segment is projected to register the higher CAGR of 8.29% during the forecast period.
North America dominated the global mattress market in 2017 with the largest market share of 38.45% and the regional market is projected to reach USD 18,166.1 million by 2024 at a CAGR of 6.50% during the forecast period. The market in Asia-Pacific is expected to reach USD 15,557.5 million by the end of 2024 at the highest CAGR of 7.77% during the forecast period.
Key Insight
The Mattress Market market is projected to grow at a CAGR of 7.1% from 2014 to 2024.
Market Performance Trend
Historical performance and future projections (2020–2030, USD Billion)
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What this report covers
- Geographic Coverage: This analysis covers 5 regions: Asia Pacific, South America, Europe, North America, Middle East and Africa.
- Market Segmentation: The market is analyzed across 6 segments: Innerspring, Memory Foam, Latex Mattresses, Gel Filled Mattress, Hybrid, Others. Forecasts are provided for each segment from 2014 to 2024.
- Competitive Landscape: 104 leading companies are profiled, covering market positioning, strategies, and recent developments.
Market Size (USD Mn)
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View Subscription PlansMarket Overview
Mattress Market — Growth Trajectory
A mattress is a rectangular pad typically consisting of a quilted or similarly fastened case, usually of heavy cloth. Mattresses are filled with materials such as hair, straw, cotton, foam, rubber, air, water, or a framework of metal springs. Globally, mattresses are sold in standard sizes varying on width, height, and depth. However, some countries use non-numeric labels such as king, queen, or double to represent mattress dimensions. The condition of a mattress deteriorates over time and its lifespan depends on a variety of factors such as materials used, manufacturing quality, care, and rigorousness of use.
Mattress Market — Growth Trajectory
Innerspring
Memory Foam
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View Subscription PlansMarket Dimensions
How this market is segmented
- Type Type is broken down into: Memory Foam, Hybrid, Innerspring, Latex Mattresses, Gel Filled Mattress, Others.
- End Use End Use is broken down into: Residential, Commercial.
Geographic Analysis
Regional market breakdown
- Asia Pacific Asia Pacific market size reached $7.43B in 2014 and is projected to reach $15.56B by 2024, growing at a CAGR of 7.7%.
- South America South America market size reached $1.14B in 2014 and is projected to reach $2.27B by 2024, growing at a CAGR of 7.2%.
- Europe Europe market size reached $5.11B in 2014 and is projected to reach $10.56B by 2024, growing at a CAGR of 7.5%.
- North America North America market size reached $9.76B in 2014 and is projected to reach $18.17B by 2024, growing at a CAGR of 6.4%.
- Middle East and Africa Middle East and Africa market size reached $1.46B in 2014 and is projected to reach $2.95B by 2024, growing at a CAGR of 7.2%.
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View Subscription PlansResearch Methodology
Mattress Market — How We Researched This Market
Research Process
Market Research Future analysis is based on interviews with industry experts who offer insight into the market structure, market segmentation, technology assessment, competitive landscape (CL), market penetration, as well as the emerging trends. Besides primary interviews (~80%) and secondary research (~20%), their analysis is based on years of professional expertise in their respective industries. Our analysts also predict where the market will be headed in the next five to 10 years, by analyzing historical trends and the current market position. Furthermore, the varying trends in segments and categories in each region are studied and estimated based on primary and secondary research.
Primary Research
Extensive primary research was conducted to gain a deeper insight into the market and industry performance. For this particular report, we have conducted primary surveys (interviews) with the key level executives (VPs, CEOs, marketing directors, and business development managers, among others) of the major players active in the market. In addition to analyzing the current and historical trends, our analysts predict where the market is headed in the next five to 10 years.
Secondary Research
Secondary research was mainly used to collect and identify information useful for an extensive, technical, market-oriented, and commercial study of the global mattress market. It was also used to obtain key information about major players, market classification and segmentation according to industry trends, and developments related to the market and technology. For this study, analysts have gathered information from various credible sources such as annual reports, SEC filings, journals, white papers, corporate presentations, company websites, and paid databases.
Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent sub-markets of the overall global mattress market. The key players in the market were identified through secondary research, and their market contributions in different applications across the globe were determined through primary and secondary research. This entire process included the study of the annual and financial reports of the top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to arrive at the final quantitative and qualitative data. This data has been consolidated, and detailed inputs and analysis from Market Research Future added before being presented in this report. The following figure shows an illustrative representation of the overall market size estimation process employed for the purpose of this study.
Base Year
2017
Historical Period
2014 – 2017
Forecast Period
2017 – 2024
Primary Interviews
150+
Research Process
Historical data (2014–2017) and forecast period (2017–2024)
1
Problem Definition
- Market scoping
- Objective setting
- Framework design
2
Secondary Research
- Literature review
- Data mining
- Trend analysis
3
Primary Research
- Expert interviews
- Field visits
- Surveys
4
Data Analysis
- Quantitative modeling
- Statistical testing
- Validation
5
Insights & Reporting
- Synthesis
- Recommendations
- Visualization
Research Depth
Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.
Historical vs. Forecast Data
Historical (observed)
Forecast (modelled)
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View Subscription PlansCompetitive Landscape & Porter's Five Forces
Mattress Market — Competitive Analysis
Threat of New Entrants
The global mattress market is highly competitive although initial investments are moderate, including the costs of processing equipment. Revenues are high considering the high demand for home furnishings in various regions. The production costs of mattresses are moderate due to the moderate investments required in processing equipment, skilled labor inputs, maintenance costs, and safety testing and certification.
The global mattress market is fragmented due to the presence of established players, along with local and regional players. New entrants need to invest heavily in creating a brand identity through innovative designs and producing quality products with the help of advanced technology.
Therefore, the threat of new entrants to the market is expected to be moderate.
Bargaining Power of Suppliers
Numerous suppliers provide the raw materials required for mattresses, giving manufacturers a plethora of options. Thus, they have the liberty to shift between suppliers as they are not dependent on a single supplier, which reduces their operational risk. Suppliers are not only concentrated in any single region but have a cross-regional presence, which decreases the switching costs for manufacturers.
Therefore, the bargaining power of suppliers is projected to be low.
Threat of Substitutes
There are no substitutes for mattresses. However, the market is highly fragmented and with intense internal competition based on quality, price, and convenience levels. For instance, consumers are substituting memory foam mattresses with hybrid mattresses based on their convenience and the comparative cost benefit. Thus, there are chances of product substitution on an internal level based on raw material and price although there is no direct substitute for mattresses in the market.
Hence, the threat of substitutes in the global mattress market is expected to be low.
Bargaining Power of Buyers
The presence of several major players in the global mattress market has attracted a wide consumer base. Due to a large number of existing manufacturers in the market, the switching costs for consumers is low. Consumers are well-informed about the product and their brand loyalty is low. Moreover, most of the consumers are price sensitive and tend to switch to offerings with a comparatively lesser price.
Thus, the bargaining power of buyers is expected to be high in the global mattress market.
Rivalry
The global mattress market is marked by high rivalry. Established players are targeting competitors on the basis of quality and price, making the industry competitive, reducing profit margins for all firms. Additionally, players operating in the market are competing based on customized offering and technological advancements. The wide scope for growth in the global mattress market has resulted in the entry of numerous players at the regional level, which increases the competition for global players.
Manufacturers in the global mattress market have moderate production capacities and focus on strategic investments. The major players are inclined toward enhancing their production capacities in emerging economies to meet the high demand in these regions.
Therefore, the intensity of rivalry in the global mattress market is projected to be high.
Quantitative Analysis
Regional Breakdown
Regional market breakdown for Mattress Market.
Regional Market Size (USD Mn)
Market estimates by geography (2024)
USD Mn
InsightNorth America leads with $18.17B by 2024, while Asia Pacific is projected to grow fastest at a 7.7% CAGR.
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View Subscription PlansRegional Market Data
| REGION | 2014 | 2017 | 2024 | CAGR | SHARE |
|---|---|---|---|---|---|
| Asia Pacific | $7.43B | $10.69B | $15.56B | 7.7% | 31% |
| South America | $1.14B | $1.60B | $2.27B | 7.2% | 5% |
| Europe | $5.11B | $7.31B | $10.56B | 7.5% | 21% |
| North America | $9.76B | $13.25B | $18.17B | 6.4% | 37% |
| Middle East and Africa | $1.46B | $2.06B | $2.95B | 7.2% | 6% |
| Total | $24.89B | $34.90B | $49.50B | 7.1% | 100% |
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View Subscription PlansSegment Revenue (2024)
Innerspring
Memory Foam
Latex Mattresses
Gel Filled Mattress
Hybrid
Others
05035100701510520140
Segment Market Share
- Innerspring37%
- Memory Foam35%
- Latex Mattresses17%
- Gel Filled Mattress5%
- Hybrid4%
- Others2%
Total Market Size
$49.50B
Market by Segment (2024)
| APPLICATION | REVENUE ($B) | GROWTH RATE | MARKET PENETRATION |
|---|---|---|---|
| Innerspring | $18.31B | 7.1% | 89% |
| Memory Foam | $17.32B | 7.1% | 89% |
| Latex Mattresses | $8.51B | 7.1% | 54% |
| Gel Filled Mattress | $2.46B | 7.1% | 47% |
| Hybrid | $1.95B | 7.1% | 53% |
| Others | $957.41M | 7.1% | 53% |
* Revenue projections based on 2025 estimates. Growth rates represent CAGR 2024–2030. Market penetration indicates current adoption rate within addressable market segments.
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Analytics
Mattress Market — Key Findings
Analytical insights on Mattress Market covering market dynamics, competitive landscape, and strategic outlook.
Key Analytical Findings
The Mattress Market market is projected to reach $49.50B by 2024, growing at 7.1% CAGR. The Innerspring segment holds the largest share.
Market Dynamics
The global mattress market is expected to witness substantial growth owing to several factors such as rapid urbanization, rise in per capita disposable income, and the growth of the tourism, hospitality, and real estate markets across the globe. Moreover, innovative designs and customization provided by key players play a vital role in the growth of the mattress market. However, the presence of a robust unorganized sector acts as a restraint for the growth of the market.
Market Drivers
Population growth and rapid urbanization are driving the growth of the real estate industry across the globe, which is resulting in an increase in residential and commercial construction. According to the UN Department of Economic and Social Affairs (UNDESA), the urban population across the globe has increased from 751 million in 1950 to 4.2 billion in 2018. Asia-Pacific accounts for 54% of the world’s urban population while In Northern America 82% of the population lives in urban areas; in Latin America and the Caribbean the urban population was 81%, in Europe it was 74%, and in Oceania 68%.
However, stable economic growth in the emerging economies in Asia-Pacific, such as India and China, is expected to boost urbanization in the coming years. Moreover, with the increase in per capita disposable income, consumers are investing in home decor, including mattresses.
Moreover, the hospitality industry has witnessed significant growth over the past few years both in developed and developed economies, which, in turn, has accelerated the demand for mattresses. The demand for premium mattresses has been increasing in the hospitality industry with the focus on providing high-value services to customers. According to the India Brand Equity Foundation (IBEF), the total contribution of the travel and tourism industry to India’s GDP is expected to increase from USD 234.03 billion in 2017 to USD 492.21 billion by the end of 2028.
These factors are projected to propel the growth of the global mattress market during the forecast period of 2018 to 2024.
Market Opportunities
In light of sustainability, homeowners and designers are incorporating eco-friendly elements in remodeling projects and new construction. Thus, key market players have begun introducing eco-friendly mattresses with environment-friendly materials such as certified organic latex and wool and organic cotton. For instance, in January 2019, Parachute introduced an organic and eco-friendly mattress in the US to meet the rising demand in North America. The focus on sustainability and environment-friendly home furnishing products offers key market players lucrative opportunities for growth during the forecast period.
Market Restraints
The global mattress market is highly fragmented with a number of players across the globe. There is stiff competition among the key players in terms of design, raw materials, supply chain, and after-sales services. However, the major factor affecting the growth of these companies is the presence of a strong unorganized sector. The sales of the key players are greatly hampered by local vendors due to the latter’s easy availability, lower prices, and customization. Moreover, individuals are still dependent on the unorganized sector for home furnishing products. The majority of consumers are also price sensitive, which makes it difficult for market players to establish their dominance.
Strategic Outlook and Future Directions
Near-term growth will likely concentrate in modular bioreactor lines and closed-system media workflows that shorten validation cycles while preserving batch traceability.
Partnerships between CDMOs and instrumentation vendors should accelerate standard datasets for comparability across sites, improving forecasting models used in capacity planning.
Longer horizon, organoid and microphysiological adoption may reshape segment mix; teams that invest early in assay interoperability and cloud QC hooks are better positioned to capture upside without fragmenting their analytics stack.
Market Value by Segment (2024)
Value (USD Mn)
Innerspring
Memory Foam
Latex Mattresses
Gel Filled Mattress
Hybrid
Others
Companies
Key companies profiled in Mattress Market
Profiles of 104 companies operating in the Mattress Market market, including revenue, employee count, and market positioning where available.
Showing 104 of 104 companies
Corsicana
Corsicana Mattress Company
Food & Beverages
Company Headquarters: Texas, US Founded: 1971 Workforce: ~180 Company Working: Corsicana Mattress Company (Corsicana) designs and sells mattresses and bedding products in the US. It sells its products to hotels, resorts, government organizations, and retailers. It also enables retailers to place orders online. The company’s product line includes Cool Reflections memory foam, gel foam, pocket springs, premium inner springs, memory foam, double-sided, and other mattresses. The company was formerly known as Tipton Manufacturing, Inc. and changed its name in 1978. It has production facilities in Shelbyville, Tennessee, Greensboro, North Carolina, Phoenix, Arizona, Bartow, Florida, Aurora, Illinois, Winlock, Washington, Barnesville, Pennsylvania, and Haleyville, Alabama, in the US.
RevenueN/A
Employees180
Market CapN/A
Founded1970
Texas, US
Relyon Ltd
Relyon Ltd
Food & Beverages
Company Headquarters: Wellington, UK Founded: 1858 Workforce: ~429 Company Working: Relyon Ltd (Relyon) designs and sells mattresses, divans, and upholstered headboards, bedstead mattresses, guest beds, roll-up mattresses, and contract beds. It also offers products for independent retailers, such as high street shops, department stores, and specialist retailers. The company distributes its products through furniture stores and independent high street retailers in the UK and internationally. The company was formerly known as Price Brothers and Co. and changed its name in 1935. Relyon Ltd has operated as a subsidiary of Steinhoff International Holdings NV since 2001.
RevenueN/A
Employees429
Market CapN/A
Founded1857
Wellington, UK
Tempur Sea
Tempur Sealy International Inc.
Food & Beverages
Company Headquarters: Kentucky, US Founded: 2012 Workforce: ~6,200 Company Working: Tempur Sealy International Inc. (Tempur Sealy) develops, manufactures, and markets mattresses, foundations, pillows, and other products. The company’s portfolio includes recognized brands in the industry such as Tempur, Tempur-Pedic, Sealy, Sealy Posturepedic, Optimum, and Stearns & Foster. The company offers its products through retail distributors as well as online channels.
Revenue$3.0B
Employees6,200
Market CapN/A
Founded2011
Kentucky, US
Sleep Numb
Sleep Number Corporation
Food & Beverages
Company Headquarters: Minnesota, US Founded: 1987 Workforce: ~3,098 Company Working: Sleep Number Corporation (Sleep Number) manufactures and markets adjustable-firmness beds and other sleep-related accessories in the US and Canada. The business portfolio of the company includes fabrics and cover filling, additional cushion and padding, firmness control systems, and wireless remote controls. It also offers accessory bedding products such as specialty pillows, mattress pads, and bed foundations. Sleep Number operates as a brand of Sleep Comfort Corporation.
Revenue$1.2B
Employees3,098
Market CapN/A
Founded1986
Minnesota, US
Philip Mor
Philip Morris International
Food & Beverages
Company Headquarters: US Founded: 1847 Workforce: ~+79800 employees Company Working: Philip Morris International (PMI) is a leading multinational tobacco company. PMI's primary business is the manufacturing and sale of cigarettes. The company's portfolio includes renowned brands such as Marlboro, Parliament, L&M, Chesterfield, and Philip Morris. PMI has been actively investing in and developing reduced-risk products (RRPs) as alternatives to traditional cigarettes. The flagship RRP is the IQOS system, which heats tobacco rather than burning it. PMI operates in over 180 countries, making it one of the largest international tobacco companies. The company has a strong market presence in key regions, including the European Union, Asia Pacific, Latin America, the Middle East, and Africa.
RevenueN/A
Employees79,800
Market CapN/A
Founded1846
US
Japan Toba
Japan Tobacco International
Food & Beverages
Company Headquarters: Japan Founded: 1999 Workforce: ~52640+ employees Company Working: Japan Tobacco International (JTI) is one of the leading international tobacco company. JTI was formed in 1999 as a result of the privatization of the Japanese government-owned tobacco monopoly. The company operates in over 130 countries and has a strong presence in both developed and emerging markets. JTI's primary business is the manufacturing and sale of cigarettes. The company offers a wide range of cigarette brands, including Winston, Camel, Mevius (formerly Mild Seven), and LD. JTI has also ventured into the reduced-risk products market, with its Ploom Tech and Ploom S products that use heated tobacco technology. JTI has a significant global presence, with operations across Asia, Europe, the Americas, the Middle East, and Africa. The company has manufacturing facilities in various countries to cater to local demand and ensure efficient supply chain management.
Revenue$19.3B
Employees52,640
Market CapN/A
Founded1998
Japan
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Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Noah Malgeri
Co-Founder, Mojave Rail Fabrication Limited
This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert
Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau
Sales Leader, Bamberg
We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Mattress Market
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$4,950