A memory foam mattress refers to a type of mattress that uses viscoelastic foam, which conforms to the shape of the sleeper's body, providing personalized support and comfort. It has the ability to relieve pressure points and reduce motion transfer, making it a popular choice for those seeking a comfortable and supportive sleep surface. These mattresses are known for their durability and ability to alleviate discomfort associated with various sleeping positions.
Memory Foam Mattress Global Market Report 2024 provides data on the global memory foam mattress market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The Memory Foam Mattress market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
The memory foam mattress market size has grown strongly in recent years. It will grow from $5.32 billion in 2023 to $5.74 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to environmental concerns, sustainability, demographics, the influence of celebrity endorsements, and market expansion. The memory foam mattress market size is expected to see strong growth in the next few years. It will grow to $7.92 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to sleep disorders, housing market trends, e-commerce expansion, health and wellness trends, and education. Major trends in the forecast period include smart technology integration, enhanced cooling properties, focus on sleep hygiene, increased competition driving innovation, and hybrid designs.
The expansion of e-commerce is set to drive growth in the memory foam mattress market. E-commerce, facilitated by online platforms and increased internet access, offers consumers convenient access to a wide range of memory foam mattresses, enabling comparison shopping and direct delivery to homes. For instance, the US Census Bureau noted a 7.5% increase in e-commerce sales in Q4 2023 compared to the same period in 2022, underscoring the growing demand for online mattress purchases. This expansion of e-commerce supports the growth of the memory foam mattress market through 2023, 2024, and beyond.
Get Your Free Sample of the Global Memory Foam Mattress Market ReportThe memory foam mattress market covered in this report is segmented –
1) By Type: Below 10 Centimeter, 10-30 Centimeter, Above 30 Centimeter
2) By Size: Twin, Twin Extra Large, Full Size, Other Sizes
3) By Applications: Residential Use, Commercial Use
Companies in the memory foam mattress market are increasingly developing advanced products like cooling technology mattresses to gain a competitive edge. These mattresses are designed to manage sleeping temperature through advanced materials and technologies. For instance, in February 2024, Malouf Home, a US-based bedding and furniture provider, launched two new products, including the FlexFill Pillow with a HyperChill cover. This pillow combines down alternative and shredded memory foam with a cool-touch HyperChill cover for enhanced cooling. The HyperChill gel infusion regulates temperature and disperses heat, offering a cooler sleep environment and complementing memory foam mattresses known for their contouring support.
Asia-Pacific was the largest region in the memory foam mattress market in 2023. The regions covered in the memory foam mattress market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.