How Has the Memory Foam Mattress Market Evolved Historically and What is its Current Size?
The memory foam mattress market has seen considerable growth due to a variety of factors.
• In the past few years, there has been robust growth in the market size of memory foam mattresses. The market is predicted to expand from $5.74 billion in 2024 to $6.24 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 8.6%.
Factors contributing to the growth during the historic period include environmental awareness, sustainability, demographic shifts, celebrity endorsements' impact, and overall market growth.
What is the Forecasted Market Size and CAGR for the Memory Foam Mattress Market?
The memory foam mattress market is expected to maintain its strong growth trajectory in upcoming years.
• In the forthcoming years, a robust expansion is projected in the memory foam mattress market, with its value forecasted to increase to $8.58 billion by 2029, indicating a compound annual growth rate (CAGR) of 8.3%.
Predicted growth during this projected period can be associated with factors like sleep disorders, trends in the housing market, the broadening scope of e-commerce, health and wellness inclinations, and knowledge intensity. Key trends likely to be seen in this forecasted duration encompass the integration of intelligent technology, improved cooling features, emphasis on sleep cleanliness, rising competition catalyzing innovation, and hybrid models.
What Key Factors and Trends Are Driving The Growth Memory Foam Mattress Market?
The growth of the memory foam mattress market is projected to be spurred by the proliferation of e-commerce. E-commerce, the electronic trading of products and services, is facilitated primarily via the internet, involving the transfer of money or information. The surge in e-commerce is fueled by the increased prevalence of the internet, its convenience, and the escalating trend towards online buying. E-commerce provides an easy gateway to a broad array of memory foam mattresses, allowing customers to compare costs and features before making a purchase from their homes. To illustrate, the Census Bureau of the Department of Commerce, a United States government agency, reported that e-commerce sales had risen by 7.5% in the last quarter of 2023 compared to the corresponding period in 2022, as of February 2024. Consequently, the growth of the memory foam mattress market can be attributed to the rise in e-commerce.
What Are The Market Segments In The Memory Foam Mattress Market?
The 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
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Which Emerging Market Trends Are Altering The Memory Foam Mattress Industry?
Leading corporations in the memory foam mattress industry are shifting their focus towards the innovation of advanced items, such as cooling technology mattresses, to secure a competitive advantage in the marketplace. Cooling technology mattresses are groundbreaking bedding products constructed to rectify the problem of sleeping hot by using state-of-the-art materials and technologies to manage temperature and improve thermal comfort during sleep. For example, Malouf Home, a bedding and furniture company based in the US, debuted two new items in the US market in February 2024, specifically the FlexFill Pillow with a HyperChill cover. This pillow, filled with down alternative and shredded memory foam, incorporates a cool-touch HyperChill cover to provide the much-desired cooling effect to customers. The HyperChill cooling gel infusion maintains temperature and dispels heat, delivering a cooler and more comfortable sleeping atmosphere. This pillow's design works towards enhancing the overall sleep quality by providing both support and temperature regulation, making it an ideal match for a memory foam mattress known for its contouring abilities.
Who Are the Key Players In The Memory Foam Mattress Market?
Major companies operating in the memory foam mattress market report are:
• Leggett & Platt Inc.
• Tempur Sealy International Inc.
• Sleep Number Corporation
• Serta Inc.
• Hilding Anders International AB
• Dorel Industries Inc.
• Sinomax Group Limited
• Sheela Foam Limited
• Corsicana Bedding Inc.
• Wakefit Innovations Pvt. Ltd.
• Restonic Mattress Corporation
• Zinus Inc.
• Tuft & Needle LLC
• Kurlon Enterprise Ltd.
• Nectar Sleep Ltd.
• Peps Industries Private Limited
• King Koil
• Brooklyn Bedding
• Amerisleep LLC
• Centuary Fibre Plates Pvt .Ltd.
• DeRUCCI International Holdings Limited
• Sleep Management Pvt. Ltd.
• Novosbed Inc.
• Duroflex Private Limited
What Are The Regional Insights Into The Memory Foam Mattress Market?
Asia-Pacific was the largest region in the memory foam mattress market in 2024. The regions covered in the memory foam mattress market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
