The Global Mattress Market 2018-2023: CAGR is Anticipated to Grow at 6.8% - ResearchAndMarkets.com
Sep. 07, 2018
DUBLIN--(BUSINESS WIRE)--Sep 7, 2018--The "Global Mattress Market - Segmented by Product Type, Size, Application, Distribution Channel, and Geography - Growth, Trends and Forecasts (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
Globally, the mattress market is projected to grow at the rate of 6.8% during the forecast period 2018-2023.
The introduction of new technology has made it easier for consumers to get mattresses customized as per their requirements. For instance, airbed mattresses have many interior parts which need continuous maintenance, and due to this reason key players are offering customized mattresses with limited period warranty.
Willingness to explore new kinds of mattresses is high as the industry is strongly suggesting that the average consumer replaces their mattress every eight years. This is likely to support the mattress market growth during the forecast period.
Growing popularity of online retail stores of mattresses among millennials is likely to drive the significant growth in online retail store segments.
Key HighlightsGrowing Demand for Commercial Purposes to Support the Growth of the Mattress Market Innovation in Mattresses to Drive Market Growth During the Forecast Period Growth in the Furniture Industry is Expected to Support the Market Growth in Asia-Pacific
Major Market DevelopmentsPurple Innovation, LLC, a comfort technology company known for creating the "World's First No Pressure Mattress," expansion of its blended channel strategy by bringing its comfort products made with patented technology to select Mattress Firm locations throughout Phoenix. PureCare and Manwah Holdings launch top-of-bed program featured in 520 retail stores located throughout China as a part of promotional strategy of bed, furniture, and mattresses.
Key Topics Covered
2. Market Insights
3. Market Dynamics
4. Market Segmentation
5. By Geography
6. Competitive LandscapeParamount Bed Holdings Co. Ltd. KING KOIL Inc. Kingsdown Inc. Southerland Bedding Co. Sealy Corporation Spring Air Company Select Comfort Simmons Bedding Company LLC Tempur-Pedic International Inc. Man Wah Holdings Limited Leggett & Platt Relyon Beds
For more information about this report visit https://www.researchandmarkets.com/research/txn2p4/the_global?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180907005174/en/
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Related Topics:Beds and Bedding
INDUSTRY KEYWORD: RETAIL SPECIALTY
SOURCE: Research and Markets
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PUB: 09/07/2018 07:32 AM/DISC: 09/07/2018 07:32 AM