Saudi Arabia Mattress Market Size & Outlook, -
Saudi Arabia mattress market, - ()
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Saudi Arabia mattress market highlights
- The Saudi Arabia mattress market generated a revenue of USD 405.0 million in 2022 and is expected to reach USD 593.2 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 4.9% 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.
Mattress market data book summary
| Market revenue in 2022 | USD 405.0 million |
| Market revenue in 2030 | USD 593.2 million |
| Growth rate | 4.9% (CAGR from 2022 to 2030) |
| Largest segment | Foam |
| Fastest growing segment | Hybrid |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, Saudi Arabia accounted for 0.7% of the global mattress market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa mattress market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 593.2 million by 2030.
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Mattress Market Scope
Mattress Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia 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 35.26% in . Horizon Databook has segmented the Saudi Arabia mattress market based on innerspring, foam, hybrid, latex covering the revenue growth of each sub-segment from to .
Saudi Arabia led the Middle East & Africa mattress market with a revenue-based share of 58.9% in 2018. The dominance of this country can be attributed to the growth in tourism, thereby resulting in an expansion of the hospitality sector. This, in turn, is providing significant opportunities for players in the mattress market.
The increasing adoption of high-end bedding products can be attributed to a luxurious lifestyle among the majority of consumers. The growing popularity of e-commerce and the shift of regional players to online shopping sites is boosting the growth of this product segment in Saudi Arabia. However, growth in tourism is contributing to the increasing market share of offline distribution channels as well.
Rapid expansion in the hospitality sector has led to a rise in new constructions in Saudi Arabia. According to The Hotel Show Saudi Arabia, more than 138 new hotel projects with 54,143 new rooms were planned during 2019–2020. This is expected to boost the demand for high-end mattresses for commercial use.
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Target buyers of Saudi Arabia 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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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia mattress market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia mattress market from to , including revenue numbers, major trends, and company profiles.
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Saudi Arabia mattress market
Saudi Arabia Mattress Market Outlook Share, & (US$M)
Saudi Arabia mattress market
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