Global Mattress Market - Analysis and Forecast (2021–2027)
Industry Insights by Product (Innerspring, Memory Foam, Latex, Others), by Size (Single Size Mattress, Double Size Mattress, Queen Size Mattress, King Size Mattress) by End-Use (Residential, Commercial)

Industry Overview

The global mattress market was valued at USD 32.8 billion in 2020 and is predicted to reach USD 41.4 billion by 2027, growing at a CAGR of 3.5% during the forecast period. The factors responsible for the growth of mattresses across the globe are increasing homeownership rate, increasing number of households with more bedrooms, and increasing disposable income.

Market Segmentation

Insight by Product

Based on product, the global mattress market is categorized into innerspring, memory foam, latex, and others. In 2021, the innerspring mattress segment dominated the mattress market. The high market share of innerspring mattresses is due to the low price, as compared to speciality mattresses. However, the price of innerspring mattresses varies depending on several factors, such as the number of coils, size, and the material used.

However, its share is expected to decline during the forecast period, due to the growing popularity of certain speciality mattresses.

Insight by Size

On the basis of size, the global mattress market is categorized into single size mattress, double size mattress, queen size mattress, and king size mattress. During the forecast period, the queen size mattress segment is expected to be the largest among all the segments. The major factor driving the growth of the queen size mattress market is the increasing demand for queen size mattress around the globe as it provides standard space for two and doesn’t take up much space of the room, which is essential for smaller bedrooms.

Insight by End-Use

On the basis of end-use, the global mattress market is categorized into residential and commercial. During the forecast period, the residential category is expected to be the faster-growing category. The major factor driving the growth of this category is the growing disposable income of middle-class families, due to which residential end users’ spending on mattresses is increasing worldwide.

Scope of the Report

Industry Dynamics

Growth Drivers

The primary factors driving the growth of the global mattress market are:

•   Growing disposable income
•   Growing awareness among the people about the detrimental effects of chemical-based mattresses
•   Increasing homeownership rate
•   Increasing number of households with more bedroom

The growing homeownership rate as a result of the increasing population and growing numbers of nuclear families has been increasing demand for the mattress market globally. The increasing migration of people from rural to urban areas, mainly in the Middle East and Asia-Pacific regions is also propelling the demand for mattresses. The growing property prices have made homeownership one of the factors of social recognition in highly populated countries, such as India. The governments in several countries have also considered homeownership as an important policy goal, and consequently, they incentivize it by creating mortgage interest payments (a deductible expense for the purposes of income tax).

Challenges

Volatile prices of petroleum and steel-based raw materials, and the high cost of mattresses may hinder the growth of the global mattress market.

Opportunities

•   Increasing number of health-conscious consumers
•   Growing demand for eco-friendly mattresses

Geographic Overview

Geographically, Asia-Pacific is the largest revenue contributor in the mattress market. The increasing population, surging urbanization levels and growing disposable income in the region are the key factors responsible for its growth. The rapidly growing healthcare and hospitality industries in China have been further propelling the demand for mattresses in the region. The government is also giving subsidies to nursing homes for the installation of new beds. For instance, the government in Beijing gives $8,050 subsidies per bed. These statistics and government measures indicate the growing deficit between demand and need of facilities in the healthcare sector in the country. This deficit has been emerging as an opportunity for the mattress market in the country.

India is one of the fastest-growing economies in Asia-Pacific, owing to its increasing manufacturing and services industry. However, a large part of the mattress industry is constituted by unorganized companies. A large part of the population in India sleeps on hand made low-end cotton and foam stuffed mattresses. However, the growing hospitality industry in the country is escalating the demand for mattresses from organized sectors. The increasing urbanization is also increasing the concern among consumers to use good quality mattress for healthy living. The consumer expenditure on sleeping products in India has grown multifold over the past few years.

Competitive Insight

Key players operating in the global mattress market include Spring Air International, Kingsdown Inc., Sleep Number Corporation, Simmons Bedding Company LLC, Tempur Sealy International Inc., Serta Inc., Relyon Limited, Southerland Inc., Corsicana Mattress Company, and McRoskey Mattress Company.

Forecast Parameters

•   Identifying variables and establishing market impact.
•   Establishing market trends regionally.
•   Analyzing opportunities and market penetration rates by understanding product commercialization, regional expansion.
•   Analyzing demand and supply trends and changes in industry dynamics to establish future growth.
•   Analyzing sustainability strategies adhered by market participants in an attempt to determine the future course of the market.
•   Analyzing historical market trends and super-imposing them on the current and future variables to determine year-on-year trends.
•   Understanding adoption, development, distribution and regulatory framework.

Data Validation

•   Estimated and forecasted data was validated through industry experts.
•   Apart from industry experts, data triangulation methods were used for validation.
•   Bottom-up and top-down approach has been used for estimation and forecast of market data, whereas top-down approach was used for validation.
•   Demand, as well as supply-side surveys, were conducted in order to understand the industry dynamics and data validation.

Research Phases

Primary Research

VynZ Research conducts extensive primary research to understand the market dynamics, validate market data and have key opinions from the industry experts. The key profiles approached within the industry include CEO, CFO, CTO, President, Vice President, Product Managers, Regional Heads and Others. Also, end-user surveys comprising of consumers are also conducted to understand consumer behaviour.

Source: VynZ Research

Source: VynZ Research

1.    Research Overview 

        1.1.    The Report Offers
        1.2.    Market Coverage
                1.2.1.    By Technique
                1.2.2.    By Method
                1.2.3.    By Services
                1.2.4.    By Vertical
        1.3.    Research Phases
        1.4.    Limitations
        1.5.    Research Methodology
                1.5.1.    Data Sources
                        1.5.1.1.    Primary Research
                        1.5.1.2.    Secondary Research
                1.5.2.    Methodology
                        1.5.2.1.    Data Exploration
                        1.5.2.2.    Forecast Parameters
                        1.5.2.3.    Data Validation
                        1.5.2.4.    Assumptions
                1.5.3.    Study Period & Data Reporting Unit

2.    Executive Summary

3.    Industry Overview

        3.1.    Industry Dynamics
                3.1.1.    Market Growth Drivers
                3.1.2.    Market Restraints
                3.1.3.    Key Market Trends
                3.1.4.    Major Opportunities
        3.2.    Industry Ecosystem
                3.2.1.    Porter’s Five Forces Analysis
                3.2.2.    Recent Development Analysis
                3.2.3.    Value Chain Analysis
        3.3.    Competitive Insight
                3.3.1.    Competitive Position of Industry Players
                3.3.2.    Market Attractive Analysis

4.    Global Market Estimate and Forecast

        4.1.    Global Market Overview
        4.2.    Global Market Estimate and Forecast to 2027

5.    Market Segmentation Estimate and Forecast

        5.1.    By Technique    
                5.1.1.    Ultrasonic Testing
                        5.1.1.1.    Market Definition
                        5.1.1.2.    Market Estimation and Forecast to 2027
                5.1.2.    Visual Testing
                        5.1.2.1.    Market Definition
                        5.1.2.2.    Market Estimation and Forecast to 2027
                5.1.3.    Magnetic Particle Testing
                        5.1.3.1.    Market Definition
                        5.1.3.2.    Market Estimation and Forecast to 2027
                5.1.4.    Liquid Penetrant Testing
                        5.1.4.1.    Market Definition
                        5.1.4.2.    Market Estimation and Forecast to 2027
                5.1.5.    Eddy-Current Testing
                        5.1.5.1.    Market Definition
                        5.1.5.2.    Market Estimation and Forecast to 2027
                5.1.6.    Radiographic Testing
                        5.1.6.1.    Market Definition
                        5.1.6.2.    Market Estimation and Forecast to 2027
                5.1.7.    Acoustic Emission Testing
                        5.1.7.1.    Market Definition
                        5.1.7.2.    Market Estimation and Forecast to 2027
                5.1.8.    Others
                        5.1.8.1.    Market Definition
                        5.1.8.2.    Market Estimation and Forecast to 2027
        5.2.    By Method
                5.2.1.    Visual Inspection
                        5.2.1.1.    Market Definition
                        5.2.1.2.    Market Estimation and Forecast to 2027
                5.2.2.    Surface Inspection
                        5.2.2.1.    Market Definition
                        5.2.2.2.    Market Estimation and Forecast to 2027
                5.2.3.    Volumetric Inspection
                        5.2.3.1.    Market Definition
                        5.2.3.2.    Market Estimation and Forecast to 2027
                5.2.4.    Others
                        5.2.4.1.    Market Definition
                        5.2.4.2.    Market Estimation and Forecast to 2027
        5.3.    By Services
                5.3.1.    Inspection Services
                        5.3.1.1.    Market Definition
                        5.3.1.2.    Market Estimation and Forecast to 2027
                5.3.2.    Training Services
                        5.3.2.1.    Market Definition
                        5.3.2.2.    Market Estimation and Forecast to 2027
                5.3.3.    Equipment Rental Services
                        5.3.3.1.    Market Definition
                        5.3.3.2.    Market Estimation and Forecast to 2027
                5.3.4.    Calibration Services
                        5.3.4.1.    Market Definition
                        5.3.4.2.    Market Estimation and Forecast to 2027
        5.4.    By Vertical
                5.4.1.    Manufacturing
                        5.4.1.1.    Market Definition
                        5.4.1.2.    Market Estimation and Forecast to 2027
                5.4.2.    Oil & Gas
                        5.4.2.1.    Market Definition
                        5.4.2.2.    Market Estimation and Forecast to 2027
                5.4.3.    Aerospace
                        5.4.3.1.    Market Definition
                        5.4.3.2.    Market Estimation and Forecast to 2027
                5.4.4.    Public Infrastructure
                        5.4.4.1.    Market Definition
                        5.4.4.2.    Market Estimation and Forecast to 2027
                5.4.5.    Automotive
                        5.4.5.1.    Market Definition
                        5.4.5.2.    Market Estimation and Forecast to 2027
                5.4.6.    Power Generation
                        5.4.6.1.    Market Definition
                        5.4.6.2.    Market Estimation and Forecast to 2027
                5.4.7.    Others
                        5.4.7.1.    Market Definition
                        5.4.7.2.    Market Estimation and Forecast to 2027

6.    North America Market Estimate and Forecast

        6.1.    By Technique
        6.2.    By Method
        6.3.    By Services
        6.4.    By Vertical
        6.5.    By Country
                6.5.1.    U.S. Market Estimate and Forecast
                6.5.2.    Canada Market Estimate and Forecast
                6.5.3.    Mexico Market Estimate and Forecast

7.    Europe Market Estimate and Forecast

        7.1.    By Technique
        7.2.    By Method
        7.3.    By Services
        7.4.    By Vertical
        7.5.    By Country
                7.5.1.    Germany Market Estimate and Forecast
                7.5.2.    France Market Estimate and Forecast
                7.5.3.    U.K. Market Estimate and Forecast
                7.5.4.    Italy Market Estimate and Forecast
                7.5.5.    Spain Market Estimate and Forecast
                7.5.6.    Russia Market Estimate and Forecast
                7.5.7.    Rest of Europe Market Estimate and Forecast

8.    Asia-Pacific Market Estimate and Forecast

        8.1.    By Technique
        8.2.    By Method
        8.3.    By Services
        8.4.    By Vertical
        8.5.    By Country 
                8.5.1.    China Market Estimate and Forecast
                8.5.2.    Japan Market Estimate and Forecast
                8.5.3.    India Market Estimate and Forecast
                8.5.4.    South Korea Market Estimate and Forecast
                8.5.5.    Rest of Asia-Pacific Market Estimate and Forecast

9.    Rest of the World (RoW) Market Estimate and Forecast

        9.1.    By Technique
        9.2.    By Method
        9.3.    By Services
        9.4.    By Vertical
        9.5.    By Country
                9.5.1.    Brazil Market Estimate and Forecast
                9.5.2.    Saudi Arabia Market Estimate and Forecast
                9.5.3.    South Africa Market Estimate and Forecast
                9.5.4.    U.A.E. Market Estimate and Forecast
                9.5.5.    Other Countries Market Estimate and Forecast

10.    Company Profiles

        10.1.    General Electric
                10.1.1.    Snapshot
                10.1.2.    Overview
                10.1.3.    Offerings
                10.1.4.    Financial Insight
                10.1.5.    Recent Developments
        10.2.    Olympus Corporation
                10.2.1.    Snapshot
                10.2.2.    Overview
                10.2.3.    Offerings
                10.2.4.    Financial Insight
                10.2.5.    Recent Developments
        10.3.    MISTRAS Group
                10.3.1.    Snapshot
                10.3.2.    Overview
                10.3.3.    Offerings
                10.3.4.    Financial Insight
                10.3.5.    Recent Developments
        10.4.    Nikon Metrology
                10.4.1.    Snapshot
                10.4.2.    Overview
                10.4.3.    Offerings
                10.4.4.    Financial Insight
                10.4.5.    Recent Developments
        10.5.    Ashtead Technology
                10.5.1.    Snapshot
                10.5.2.    Overview
                10.5.3.    Offerings
                10.5.4.    Financial Insight
                10.5.5.    Recent Developments
        10.6.    YXLON International
                10.6.1.    Snapshot
                10.6.2.    Overview
                10.6.3.    Offerings
                10.6.4.    Financial Insight
                10.6.5.    Recent Developments
        10.7.    Sonatest
                10.7.1.    Snapshot
                10.7.2.    Overview
                10.7.3.    Offerings
                10.7.4.    Financial Insight
                10.7.5.    Recent Developments
        10.8.    T.D. Williamson Inc.
                10.8.1.    Snapshot
                10.8.2.    Overview
                10.8.3.    Offerings
                10.8.4.    Financial Insight
                10.8.5.    Recent Developments
        10.9.    Bosello High Technology srl
                10.9.1.    Snapshot
                10.9.2.    Overview
                10.9.3.    Offerings
                10.9.4.    Financial Insight
                10.9.5.    Recent Developments
        10.10.    Zetec, Inc.
                10.10.1. Snapshot
                10.10.2. Overview
                10.10.3. Offerings
                10.10.4. Financial Insight
                10.10.5. Recent Developments

11.    Appendix

        11.1.    Exchange Rates
        11.2.    Abbreviations

Note: Financial insight and recent developments of different companies are subject to availability of information in secondary domain.

List of Tables

Table 1 Sources
Table 2 Study Periods
Table 3 Data Reporting Unit
Table 4 Global Machine Vision Market Size, by Product, 2015 – 2020 (USD Million)
Table 5 Global Machine Vision Market Size, by Product, 2021 – 2027 (USD Million)
Table 6 Global Machine Vision Market Size, by Segment, 2015 – 2020 (USD Million)
Table 7 Global Machine Vision Market Size, by Segment, 2021 – 2027 (USD Million)
Table 8 Global Machine Vision Market Size, by Consumer Type, 2015 – 2020 (USD Million)
Table 9 Global Machine Vision Market Size, by Consumer Type, 2021 – 2027 (USD Million)
Table 10 Global Machine Vision Market Size, by Distribution Channel, 2015 – 2020 (USD Million)
Table 11 Global Machine Vision Market Size, by Distribution Channel, 2021 – 2027 (USD Million)
Table 12 Global Machine Vision Market Size, by Region, 2015 – 2020 (USD Million)
Table 13 Global Machine Vision Market Size, by Region, 2021 – 2027 (USD Million)
Table 14 North America Machine Vision Market Size, by Product, 2015 – 2020 (USD Million)
Table 15 North America Machine Vision Market Size, by Product, 2021 – 2027 (USD Million)
Table 16 North America Machine Vision Market Size, by Segment, 2015 – 2020 (USD Million)
Table 17 North America Machine Vision Market Size, by Segment, 2021 – 2027 (USD Million)
Table 18 North America Machine Vision Market Size, by Consumer Type, 2015 – 2020 (USD Million)
Table 19 North America Machine Vision Market Size, by Consumer Type, 2021 – 2027 (USD Million)
Table 20 North America Machine Vision Market Size, by Distribution Channel, 2015 – 2020 (USD Million)
Table 21 North America Machine Vision Market Size, by Distribution Channel, 2021 – 2027 (USD Million)
Table 22 North America Machine Vision Market Size, by Country, 2015 – 2020 (USD Million)
Table 23 North America Machine Vision Market Size, by Country, 2021 – 2027 (USD Million)
Table 24 Europe Machine Vision Market Size, by Product, 2015 – 2020 (USD Million)
Table 25 Europe Machine Vision Market Size, by Product, 2021 – 2027 (USD Million)
Table 26 Europe Machine Vision Market Size, by Segment, 2015 – 2020 (USD Million)
Table 27 Europe Machine Vision Market Size, by Segment, 2021 – 2027 (USD Million)
Table 28 Europe Machine Vision Market Size, by Consumer Type, 2015 – 2020 (USD Million)
Table 29 Europe Machine Vision Market Size, by Consumer Type, 2021 – 2027 (USD Million)
Table 30 Europe Machine Vision Market Size, by Distribution Channel, 2015 – 2020 (USD Million)
Table 31 Europe Machine Vision Market Size, by Distribution Channel, 2021 – 2027 (USD Million)
Table 32 Europe Machine Vision Market Size, by Country, 2015 – 2020 (USD Million)
Table 33 Europe Machine Vision Market Size, by Country, 2021 – 2027 (USD Million)
Table 34 Asia-Pacific Machine Vision Market Size, by Product, 2015 – 2020 (USD Million)
Table 35 Asia-Pacific Machine Vision Market Size, by Product, 2021 – 2027 (USD Million)
Table 36 Asia-Pacific Machine Vision Market Size, by Segment, 2015 – 2020 (USD Million)
Table 37 Asia-Pacific Machine Vision Market Size, by Segment, 2021 – 2027 (USD Million)
Table 38 Asia-Pacific Machine Vision Market Size, by Consumer Type, 2015 – 2020 (USD Million)
Table 39 Asia-Pacific Machine Vision Market Size, by Consumer Type, 2021 – 2027 (USD Million)
Table 40 Asia-Pacific Machine Vision Market Size, by Distribution Channel, 2015 – 2020 (USD Million)
Table 41 Asia-Pacific Machine Vision Market Size, by Distribution Channel, 2021 – 2027 (USD Million)
Table 42 Asia-Pacific Machine Vision Market Size, by Country, 2015 – 2020 (USD Million)
Table 43 Asia-Pacific Machine Vision Market Size, by Country, 2021 – 2027 (USD Million)
Table 44 RoW Machine Vision Market Size, by Product, 2015 – 2020 (USD Million)
Table 45 RoW Machine Vision Market Size, by Product, 2021 – 2027 (USD Million)
Table 46 RoW Machine Vision Market Size, by Segment, 2015 – 2020 (USD Million)
Table 47 RoW Machine Vision Market Size, by Segment, 2021 – 2027 (USD Million)
Table 48 RoW Machine Vision Market Size, by Consumer Type, 2015 – 2020 (USD Million)
Table 49 RoW Machine Vision Market Size, by Consumer Type, 2021 – 2027 (USD Million)
Table 50 RoW Machine Vision Market Size, by Distribution Channel, 2015 – 2020 (USD Million)
Table 51 RoW Machine Vision Market Size, by Distribution Channel, 2021 – 2027 (USD Million)
Table 52 RoW Machine Vision Market Size, by Country, 2015 – 2020 (USD Million)
Table 53 RoW Machine Vision Market Size, by Country, 2021 – 2027 (USD Million)
Table 54 Snapshot – Levi Strauss & Co.
Table 55 Snapshot – The Gap Inc.
Table 56 Snapshot – VF Corporation
Table 57 Snapshot – H & M Hennes & Mauritz AB
Table 58 Snapshot – PVH Corp.
Table 59 Snapshot – Kering
Table 60 Snapshot – Pepe Jeans, S.L.
Table 61 Snapshot – Bestseller A/S
Table 62 Snapshot – U.S. Polo Assn

List of Figures

Figure 1 Market Coverage
Figure 2 Research Phases
Figure 3 Secondary Sources for Different Parameters
Figure 4 Methodology
Figure 5 Data Mining & Exploration
Figure 6 Data Triangulation
Figure 7 Assumptions for Market Estimation and Forecast
Figure 8 Market Synopsis
Figure 9 Global Machine Vision Market - Growth Drivers and Restraints
Figure 10 Competitive Benchmark
Figure 11 Global Machine Vision Market Highlight
Figure 12 Global Machine Vision Market Size, by Product, 2015 – 2027 (USD Million)
Figure 13 Global Machine Vision Market Size, by Segment, 2015 – 2027 (USD Million)
Figure 14 Global Machine Vision Market Size, by Consumer Type, 2015 – 2027 (USD Million)
Figure 15 Global Machine Vision Market Size, by Distribution Channel, 2015 – 2027 (USD Million)
Figure 16 Global Machine Vision Market Size, by Region, 2015 – 2027 (USD Million)
Figure 17 North America Machine Vision Market Highlight
Figure 18 North America Machine Vision Market Size, by Product, 2015 – 2027 (USD Million)
Figure 19 North America Machine Vision Market Size, by Segment, 2015 – 2027 (USD Million)
Figure 20 North America Machine Vision Market Size, by Consumer Type, 2015 – 2027 (USD Million)
Figure 21 North America Machine Vision Market Size, by Distribution Channel, 2015 – 2027 (USD Million)
Figure 22 North America Machine Vision Market Size, by Country, 2015 – 2027 (USD Million)
Figure 23 Europe Machine Vision Market Highlight
Figure 24 Europe Machine Vision Market Size, by Product, 2015 – 2027 (USD Million)
Figure 25 Europe Machine Vision Market Size, by Segment, 2015 – 2027 (USD Million)
Figure 26 Europe Machine Vision Market Size, by Consumer Type, 2015 – 2027 (USD Million)
Figure 27 Europe Machine Vision Market Size, by Distribution Channel, 2015 – 2027 (USD Million)
Figure 28 Europe Machine Vision Market Size, by Country, 2015 – 2027 (USD Million)
Figure 29 Asia-Pacific Machine Vision Market Highlight
Figure 30 Asia-Pacific Machine Vision Market Size, by Product, 2015 – 2027 (USD Million)
Figure 31 Asia-Pacific Machine Vision Market Size, by Segment, 2015 – 2027 (USD Million)
Figure 32 Asia-Pacific Machine Vision Market Size, by Consumer Type, 2015 – 2027 (USD Million)
Figure 33 Asia-Pacific Machine Vision Market Size, by Distribution Channel, 2015 – 2027 (USD Million)
Figure 34 Asia-Pacific Machine Vision Market Size, by Country, 2015 – 2027 (USD Million)
Figure 35 RoW Machine Vision Market Highlight
Figure 36 RoW Machine Vision Market Size, by Product, 2015 – 2027 (USD Million)
Figure 37 RoW Machine Vision Market Size, by Segment, 2015 – 2027 (USD Million)
Figure 38 RoW Machine Vision Market Size, by Consumer Type, 2015 – 2027 (USD Million)
Figure 39 RoW Machine Vision Market Size, by Distribution Channel, 2015 – 2027 (USD Million)
Figure 40 RoW Machine Vision Market Size, by Country, 2015 – 2027 (USD Million)