Mattresses: A Global Strategic Business Report
San Jose, CA (PRWEB) April 10, 2013
Follow us on LinkedIn – Sleep is a biological need that is vital in maintaining metabolic homeostasis. There is a growing awareness among consumers over the importance of good quality sleep and the critical role it plays in regulating immune function, metabolism, and influencing memory, learning, and other functions. Against this backdrop, the importance of good quality mattresses is coming to the fore. Over the years, the global mattress market has transformed into an aggressive and dynamic market replete with incremental technology development and feature innovation. Currently, the market offers a range of product choices for consumers across all demographics and income groups. Mattresses range from general-purpose, economical products and specialized products to high-priced/premium/luxury bedding solutions. These products differ in sizes, type of filling, pattern of ticking and other special properties.
Demand for Mattresses declined significantly during the 2007-2009 recession period as a result of reduced consumer spending and reductions in household wealth. Replacement demand also fell as consumers chose to defer purchases. While sales in developed markets crumbled, developing markets witnessed anomalous growth during the period. The market that staged a recovery in 2010 and 2011 is expected to grow steadily in the coming years led by growing base of affluent population in developing countries and increased spending on higher-priced premium products. The market is also forecast to benefit from the high prevalence of sleep disorders triggered by sleep-cycle changes caused by lifestyle choices. The sleep-deprived aging population is also expected to fuel sales in the market. Other factors expected to influence growth in the market include rising home ownerships, improving standards of living, availability of technologically-advanced products, reduction in the replacement cycle and strong growth from countries/regions like China, India, parts of Eastern Europe and Latin America.
As stated by the new market research report on Mattresses, the United States represents the largest market worldwide. Developing markets like Asia-Pacific, Latin America and the Middle East are expected to drive future growth led by strong GDP growth, increase in urbanization, Westernization of lifestyles, rising standards of living, and innovation that provides high performance products at affordable prices. Asia-Pacific represents the fastest growing market for Traditional Innerspring Mattresses with a projected CAGR of 8.4% over the analysis period.
The shift towards premium-priced mattresses is expected to grow stronger in the coming years driven by health, comfort and environment safety factors. Innovations in comfort include memory foam mattresses, pillow top beds, intelligent mattress that support key density points of the body and fabric that are sensitive to heat changes to stabilize body temperature. The increasing manufacturer focus on innovation is therefore expected to spur growth of premium-priced mattresses. Medical institutions represent major end-users of premium mattresses, given their therapeutic benefits and attributes. Non-Innerspring Mattresses that includes airbeds, viscoelastic, foam mattresses and waterbeds, among others, are projected to witness robust sales especially in the developed countries.
Major players profiled in the report include Sleep Inc., Spring Air International LLC., Comfort Solutions, Kingsdown Inc., Relyon Limited, Simmons Bedding Company, Serta International, Select Comfort Corporation, and Tempur-Pedic International Inc., among others.
The research report titled “Mattresses: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, company profiles, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections in US$ for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, and Rest of Europe), Asia-Pacific (China and Rest of Asia-Pacific), Latin America, and Rest of World. Key product segments analyzed include Traditional Innerspring Mattresses and Non-Innerspring (Specialty) Mattresses.
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About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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