Asia Pacific Mattress Market Size & Outlook, -
Asia Pacific mattress market, - ()
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Asia Pacific mattress market highlights
- The Asia Pacific mattress market generated a revenue of USD 21,719.7 million in 2022.
- The market is expected to grow at a CAGR of 6.4% from 2023 to 2030.
- In terms of segment, foam was the largest revenue generating product in 2022.
- Hybrid is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 21,719.7 million |
| Market revenue in 2030 | USD 35,555.7 million |
| Growth rate | 6.4% (CAGR from 2022 to 2030) |
| Largest segment | Foam |
| Fastest growing segment | Hybrid |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Innerspring, Foam, Hybrid, Latex |
| Key market players worldwide | Tempur Sealy International Inc, Serta Simmons Bedding LLC, Sleep Number Corp, Sleep Country Canada Holdings Inc, Bollinger Industries Inc, Spring Air International, Southerland Sleep, Boll & Branch |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 37.3% of the global mattress market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 35,555.7 million by 2030.
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Mattress Market Scope
Mattress Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific mattress market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to mattress market will help companies and investors design strategic landscapes.
Foam was the largest segment with a revenue share of 37.24% in . Horizon Databook has segmented the Asia Pacific mattress market based on innerspring, foam, hybrid, latex covering the revenue growth of each sub-segment from to .
Significant growth in the home textile market in countries such as China, India, and Japan has resulted in the abundant availability of bedding textiles. This has boosted the application of mattresses in the residential and commercial sectors.
In addition, infrastructural development in emerging economies, such as India and China, is paving way for significant investments in various sectors, particularly hospitality, comprising hotels and hospitals. According to the World Travel & Tourism Council (WTTC), in 2017, travel and tourism contributed about USD 714 billion directly to the region’s economy.
An increasing number of health-conscious and information-sharing societies is driving market growth in the region. One of the key trends in the Asia Pacific mattress market is the growing demand for natural latex for manufacturing mattresses.
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Target buyers of Asia Pacific mattress market databook
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Our clientele includes a mix of mattress market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific mattress market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific mattress market from to , including revenue numbers, major trends, and company profiles.
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Asia Pacific mattress market
Asia Pacific Mattress Market Outlook Share, & (US$M)
Asia Pacific mattress market
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