Asia-Pacific Mattress Market Size (2024 - 2029)

The Asia-Pacific mattress market is poised for significant growth, driven by factors such as population expansion and increased residential construction, which enhance market opportunities. The region's leading position in mattress usage is supported by the demand for commercial and residential real estate, particularly in countries like China, Japan, and India. Urbanization and rising income levels are contributing to higher spending on advanced sleeping and bedding solutions. Technological advancements, including smart mattresses with AI and ML features, are revolutionizing the market, alongside the growing trend of online sales. The market's expansion is further fueled by innovations in mattress products, changing consumer sleeping patterns, and the burgeoning hospitality industry.

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Market Size of Asia-Pacific Mattress Industry

Asia-Pacific Mattress Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR (2024 - 2029) 7.60 %
Market Concentration High

Major Players

Asia-Pacific Mattress Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Asia-Pacific Mattress Market Analysis

The Asia-Pacific Mattress Market is expected to register a CAGR of greater than 7.60% during the forecast period(2024-2029).

Asia-Pacific exists as the leading user of mattresses owing to the large population of India, China, Indonesia, and Pakistan. With an increase in population growth, demand for residential construction is also observing an increase, leading to rising market opportunities for the sale of mattresses. China, Japan, South Korea, India, and Australia have emerged as countries leading in the value of commercial and residential real estate construction, resulting in a sharp rise in the number of bedroom spaces in these regions. Rising urbanization and increases in the level of income are among the factors resulting in an increased expenditure for making sleeping and bedding furniture more comfortable and equipped with smart features.

With an increase in penetration of technology and smartphone sales as well as mattresses, product features have been revolutionized over some time. With a rise in online sales through e-commerce, company websites, and other channels, more than 20% of the revenue share in the market is through online sales. Other than this, with the rise of AI and ML, mattresses are equipped with sensors, making them capable of recording the sleeping pattern of the user to make sleeping better. These features have led to a rise in demand for the segment of smart mattresses in the market. As high-quality mattresses aid in comfort and healthy sleep, they are observing a rising demand from commercial as well as residential segments.

Rising expenditure on mattress product innovation expenditures, increasing demand for various types of mattresses in emerging economies, and behavioral changes in consumers’ sleeping patterns are among the factors expected to drive growth in the mattress market during the forecasted period. In addition to this, the expansion of the hospitality industry (hotels and lounges) around the world is fuelling the mattress market's expansion.

Asia-Pacific Mattress Industry Segmentation

A mattress refers to a fabric usually filled with cotton, fabric, foam, a framework of springs, and others; it is kept up on the bed to support a person lying on it. It helps the users get comfortable and healthy sleep. The Asia-Pacific mattress market is segmented by type (innerspring, memory foam, latex, and other types), application (residential and commercial), distribution channel (offline and online), and geography (Japan, India, China, Australia, and the Rest of Asia-Pacific). The report offers market size and forecasts for the Asia-Pacific mattress market in value (USD) for all the above segments.

By Type
Innerspring
Memory Foam
Latex
Other Types
By Application
Residential
Commercial
By Distribution Channel
Offline
Online
By Geography
Japan
India
China
Australia
Rest of Asia-Pacific
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Asia-Pacific Mattress Market Size Summary

The Asia-Pacific mattress market is poised for significant growth, driven by factors such as urbanization, rising income levels, and increased demand for residential and commercial real estate. Countries like China, Japan, South Korea, India, and Australia are at the forefront of this expansion, with a notable increase in bedroom spaces due to burgeoning real estate construction. The market is further bolstered by technological advancements, with smart mattresses equipped with sensors and AI features gaining popularity. The shift towards online sales channels, which account for a substantial portion of market revenue, is also transforming the purchasing landscape, making it easier for consumers to access a wide range of mattress brands and options.

In India, the mattress market is experiencing robust growth, fueled by rising household expenditure, increased awareness of mattress types, and a thriving hospitality industry. Major cities such as Mumbai, Delhi, and Bengaluru are witnessing a surge in demand from both residential and commercial segments. The market is highly competitive, with international and local players vying for market share. Companies like Tempur-Pedic, Serta, and Sealy are prominent in the region, while local firms are capitalizing on the growing demand. Recent product innovations and strategic acquisitions, such as Springfit Mattress's acquisition of Serta's Indian branch, highlight the dynamic nature of the market, aiming to enhance market presence and cater to the evolving consumer preferences for comfort and functionality.

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Asia-Pacific Mattress Market Size - Table of Contents

  1. 1. MARKET DYNAMICS AND INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Rising Urbanization And Population Level Driving The Market

      2. 1.2.2 Rising Sales Through Online Channels

    3. 1.3 Market Restraints

      1. 1.3.1 Higher Price Of Luxury Mattresses Reducing Their Affordability

      2. 1.3.2 Large Share Of Market Limited To Few Asian Countries

    4. 1.4 Market Opportunities

      1. 1.4.1 Rising Demand For Customized Mattresses By Commercial Segments

      2. 1.4.2 Smart Features in Mattresses Satisfying Significant Customers

    5. 1.5 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.5.1 Bargaining Power of Suppliers

      2. 1.5.2 Bargaining Power of Buyers

      3. 1.5.3 Threat of New Entrants

      4. 1.5.4 Threat of Substitutes

      5. 1.5.5 Intensity of Competitive Rivalry

    6. 1.6 Technological Innovations in Asia-Pacific Mattress Market

    7. 1.7 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type

      1. 2.1.1 Innerspring

      2. 2.1.2 Memory Foam

      3. 2.1.3 Latex

      4. 2.1.4 Other Types

    2. 2.2 By Application

      1. 2.2.1 Residential

      2. 2.2.2 Commercial

    3. 2.3 By Distribution Channel

      1. 2.3.1 Offline

      2. 2.3.2 Online

    4. 2.4 By Geography

      1. 2.4.1 Japan

      2. 2.4.2 India

      3. 2.4.3 China

      4. 2.4.4 Australia

      5. 2.4.5 Rest of Asia-Pacific

Asia-Pacific Mattress Market Size FAQs

The Asia-Pacific Mattress Market is projected to register a CAGR of greater than 7.60% during the forecast period (2024-2029)

Paramount Bed Holdings Co. Ltd, KING KOIL Inc., Kingsdown Inc., Sealy Corporation and Kurlon Enterprise Limited are the major companies operating in the Asia-Pacific Mattress Market.

APAC Mattress Market Report Snapshots

Asia-Pacific Mattress Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)