Report Overview

United States Mattress Market - Industry Trends & Forecast Report 2028

United States Mattress Market was worth USD 14.20 billion in 2021 and is further projected to reach USD 18.34 billion by the year 2028, exhibiting a CAGR of 3.5% during the forecast period (2022-2028). The rapid expansion of the market is predominantly due to the advancements in domestic mattress goods, the US mattress market is anticipated to expand in the upcoming years. The US mattress market is being driven by the prevalence of sleep disorders and back discomfort. In the upcoming years, marketing is anticipated to be driven by increased disposable income and housing starts. The need for personalized mattresses is one of the market's major trends. Many American homes prefer twin-size mattresses. Additionally, the commercial sector is positioned to drive mattress demand shortly as hotels, hospitals, and upscale spas all need mattresses to accommodate their guests. Future-oriented advancements in commonly used sleeping aids and technologies could boost customer confidence even further.

Mattress - Overview

A bedstead or an individual bed made from a cloth case filled with a resilient material such as cotton, hair, feathers, foam rubber, or coils of springs. The majority of mattresses on the market today can be broadly divided into the following five categories: innerspring, foam, hybrid, latex, and airbed. The mattress's design and components determine its type. Moreover, a mattress essentially consists of three functional parts: the base, the support, and the comfort. Each component may be constructed of one or more materials, and occasionally a mattress will employ the same material for all of its components.

United States Mattress Market Forecast and Trends

Growth Drivers

Rising Disposable Income and Favorable Government Policies

Mattress sales are being driven by rising disposable income and favorable government policies. Home ownership rates have increased as a result of rising disposable income and government real estate development plans, which in turn is fostering the expansion of the mattress industry. Housing is becoming more accessible, according to the Organization for Economic Co-operation and Development (OECD), thanks to government measures and the global average annual growth rate of disposable income of over 2% in 2019. The tourism industry is also fueled by rising disposable income, which benefits the hospitality business and raises the demand for beds.

More People Moving to Urban Areas Boosting Market Growth

The real estate business is being driven by urban population growth, which is primarily caused by migration. The demand for mattresses is also being driven by the growing movement of people from rural to urban areas, particularly in the Middle East and APAC regions. Around 55% of the world's population was estimated to live in urban areas in 2018, and this percentage is projected to rise to about 68% by 2050, according to the United Nations' World Urbanization Prospects study.

Booming Construction, Hospitality, and Tourism Industries

The U.S. Census Bureau reports that in November 2019, construction spending in the country was $1.324 trillion, a 4.1% increase over the $1.271 trillion spent in the same month in 2018. Private construction spending increased 1.6% in November 2019 compared to the same month last year. Similar to this, residential construction investment increased by 2.7% in November 2019 compared to the same month last year. All of these indicators indicate that the country's construction business, particularly for residential development, is seeing significant growth, which has contributed to the rise of the U.S. mattress market. The U.S. mattress business is developing due to the expanding hospitality sector here and the rise in foreign tourists. All these factors boost the growth of the United States Mattress Market during the forecast period (2022-2028).

Restraints

Longer Product Life Cycles Hampered the Growth

A developing and quickly shifting competitive landscape, where internationally renowned and domestic companies compete primarily based on product quality and durability, presents challenges to new and prospective industry players. One of the most important elements influencing customer purchasing decisions nationwide in retail stores and online marketplaces is a longer product lifespan. While providing dependable and high-quality items aids in brand survival, it can also result in a low rate of return business. This element mostly influences the long-term growth of businesses. In addition, the widespread availability of unbranded, low-cost goods is suppressing demand for branded, expensive, and luxury goods in the United States.

Impact of COVID-19 on United States Mattress Market

The COVID-19 epidemic has had a substantial impact on the expansion of the U.S. Mattress Market. Because of the unprecedented epidemic, manufacturers were obliged to postpone new introductions and cut costs in the face of diminishing demand for expensive sleep goods. Trade disputes and trade protectionist measures in the United States or other trading partners are expected to stymie international product sales shortly. The COVID-19 epidemic, on the other hand, has created huge financial prospects for domestic and foreign firms to capitalize on. While offline sales have been impacted, internet sales have remained strong despite the COVID-19 situation. After COVID-19, Direct-to-Consumer (DTC) sales benefit from customer relationships.  

United States Mattress Market - By Type

Based on the type, the United States Mattress Market is segmented into Innerspring, Memory Foam, Latex, and Others. According to the product, the memory foam category had the biggest market share for mattresses in 2020. This is because memory foam mattresses, which offer more comfort compared to other types of mattresses, are frequently used by persons with orthopedic conditions, such as joint difficulties. Additionally, these variations are utilized in the business sector because of their affordability and ease of availability. All these factors propel the growth of the United States Mattress Market during a forecast period (2022-2028).

United States Mattress Market – By Size

Based on the size, the United States Mattress Market is segmented into Single-Size Mattress, Double-size Mattress, Queen-Size Mattress, King-Size Mattress, and Others. Among these, the queen-size segment holds the largest market share. This is due mostly to the widespread adoption of queen-size mattresses in families due to their reduced cost. Additionally, mattresses of this size are readily able to fit two adults, a child, and a pet. All these factors boost the growth of the United States Mattress Market during the forecast period (2022-2028).

United States Mattress Market - By End-User

Based on end-user, the United States Mattress Market is segmented into Residential, Hospitals, Hotels, and Others. Based on end use, the hotels are anticipated to see the fastest growth in the U.S. Mattress Market during the forecast period. Mattresses are typically changed by residential customers every 9 to 10 years and by hotels every 5 to 6 years. Tourists and business travelers use hotels in large numbers, and the majority of them have negative things to say about the degree of comfort offered there. This is why mattresses are routinely changed in hotels and other accommodations.

Competitive Landscape

The leading market players in the United States Mattress Market are Serta Simmons Bedding LLC, Tempur Sealy International Inc, Casper Inc, Purple Innovations, Leesa Sleep LLC, Spring Air International, Sleep Number Corporation, Saatva Inc, Kingsdown Mattress, Corsicana Mattress, and other prominent players.

The United States Mattress Market is highly fragmented with the presence of several manufacturing companies in the country. The market leaders retain their supremacy by spending on research and development, incorporating cutting-edge technology into their goods, and releasing upgraded items for customers. Various tactics, including strategic alliances, agreements, mergers, and partnerships, are used.

Recent Development

• March 2022: Sleep Number Corporation launched its Artificial intelligence (AI)-based smart bed under the SLEEP NUMBER 360 brand. The new features advanced embedded sensors that productively monitor and improve users' sleep and health over time by responding to their evolving needs. This smart bed has also been designed to provide real-time insights and responses to users by continuously monitoring their overall health, sleep health behaviors, and chronic sleep hurdles.

Scope of the Report

By Type

• Innerspring
• Memory Foam
• Latex
• Others

By Size

• Single-Size Mattress
• Double-size Mattress
• Queen-Size Mattress
• King-Size Mattress
• Others

By Distribution Channel

• Specialty Stores
• Departmental Stores
• Hypermarkets/Supermarkets
• Online
• Others

By End-User

• Residential
• Hospitals
• Hotels
• Others

1. Research Framework
   1. Research Objective
   2.  Product Overview
   3. Market Segmentation
2. Research Methodology
   1. Qualitative Research
      1. Primary & Secondary Research
   2. Quantitative Research
   3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
   4. Breakdown of Primary Research Respondents, By Region
   5. Assumption & Limitation
3. Executive Summary
4. United States Mattress Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   3. Technological Landscape/Recent Development
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
5. United States Mattress Market Overview
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Type
         1. Innerspring
         2. Memory Foam
         3. Latex
         4. Others
      2. By Size
         1. Single-Size Mattress
         2. Double-size Mattress
         3. Queen-Size Mattress
         4. King-Size Mattress
         5. Others
      3. By Distribution Channel
         1. Specialty Stores
         2. Departmental Stores
         3. Hypermarkets/Supermarkets
         4. Online
         5. Others
      4. By End-User
         1. Residential
         2. Hospitals
         3. Hotels
         4. Others
6. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. Market Share Analysis, 2021
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
7. Impact of COVID-19 on United States Mattress Market Industry
8. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)
   1. Serta Simmons Bedding LLC
   2. Tempur Sealy International Inc
   3. Casper Inc
   4. Purple Innovations
   5. Leesa Sleep LLC
   6. Spring Air International
   7. Sleep Number Corporation
   8. Saatva Inc
   9. Kingsdown Mattress
   10. Corsicana Mattress
   11. Other Prominent Players
9. Key Strategic Recommendations

Note: Financial information in case of non-listed companies will be provided as per availability

The segmentation and the companies are subjected to modifications based on the in-depth secondary for the final deliverable

List of Figures

Figure 1        United States Mattress Segmentation

Figure 2        United States Mattress Market Value Chain Analysis

Figure 3        Porter’s Five Forces Analysis

Figure 4        United States Mattress Market Size, By Value (USD Million), 2018-2028

Figure 5        United States Mattress Market Share, By Type, By Value, 2018-2028

Figure 6        United States Mattress Market Share, By Size, By Value, 2018-2028

Figure 7        United States Mattress Market Share, By Distribution Channel, By Value, 2018-2028

Figure 8        United States Mattress Market Share, By End-User, By Value, 2018-2028

Figure 9        Market Share Analysis, 2021

List of Tables

Table 1         United States Mattress Market Size, By Type, By Value, 2018-2028

Table 2         United States Mattress Market Size, By Size, By Value, 2018-2028

Table 3         United States Mattress Market Size, By Distribution Channel, By Value, 2018-2028

Table 4         United States Mattress Market Size, By End-User, By Value, 2018-2028

Table 5         Key Players and Their Offerings

Table 6         Competitive Benchmarking, By Operating Parameters

Table 7         Mergers, Acquisitions, Partnerships, etc.

Table 8         Serta Simmons Bedding LLC Company Overview

Table 9         Serta Simmons Bedding LLC Financial Overview

Table 10        Tempur Sealy International Inc Company Overview

Table 11        Tempur Sealy International Inc Financial Overview

Table 12        Casper Inc Company Overview

Table 13        Casper Inc Financial Overview

Table 14        Purple Innovations Company Overview

Table 15        Purple Innovations Financial Overview

Table 16        Leesa Sleep LLC Company Overview

Table 17        Leesa Sleep LLC Financial Overview

Table 18        Spring Air International Company Overview

Table 19        Spring Air International Financial Overview

Table 20        Sleep Number Corporation Company Overview

Table 21        Sleep Number Corporation Financial Overview

Table 22        Saatva Inc Company Overview

Table 23        Saatva Inc Financial Overview

Table 24        Kingsdown Mattress Company Overview

Table 25        Kingsdown Mattress Financial Overview

Table 26        Corsicana Mattress Company Overview

Table 27        Corsicana Mattress Financial Overview