Published on : Aug 19, 2016
The increasing disposable income in emerging nations and the economic stability post-recession across a number of developed countries are the prime factors fuelling the growth of the global mattress market. Changing lifestyles have also converted a number of optional commodities into useful necessities and amongst these one such thing are mattresses. They are introduced in a broad range of varieties as per the firmness range, size, and styles. In addition, consumers are also willing to expend more on premium mattresses as these kind of mattresses present enhanced comfort as well as sound sleep.
Increasing Health Concerns owing to Sleep Interruption to Fuel Market Growth
The increasing spending of consumers on activities of leisure is dependent on their levels of income. This trend has also resulted in an increased visit of hotels and resorts. Additionally, the increasing number of new hotels globally is also fuelling the growth of the global mattress market. Furthermore, the soaring count of sleep disorders will also increase the adoption of mattresses.
Different varieties of mattresses have been gaining popularity owing to the increasing innovation and their cost-affectivity. Hence, the increasing occurrence of various health concerns such as sleep disorders related to sleep interruption caused by uncomfortable surfaces for sleeping will also stimulate the growth of the market for mattresses.
Rising Uptake of New Properties to Bolster Market Development
Furthermore, the buying of new homes as well as rebuilding of old houses have also pointed towards an increased adoption of mattresses. The stabilization in the economies post-recession in 2008, particularly in North America and Europe will also provide impetus to the growth of the overall market. In addition, the emerging economies such as Africa, Asia Pacific, and Latin America also play a dominant role in increasing the construction activities.
Activities in home renovation are becoming quite regular and due to the increasing disposable incomes of individuals globally and due to the rising migration of people to urban areas from rural areas.
Tempur-Pedic International, Inc., Southerland Bedding Co., Simmons Bedding Company LLC, Select Comfort, Spring Air Company, Silentnight Group, Zhejiang Huaweimei Group Co. Ltd., and Relyon Limited., among others, are the top players in the global mattress market.