Australia Mattress Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 0.87 Billion |
| Market Size (2029) | USD 1.17 Billion |
| CAGR (2024 - 2029) | 6.05 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Australia Mattress Market Analysis
The Australia Mattress Market size is estimated at USD 0.87 billion in 2024, and is expected to reach USD 1.17 billion by 2029, growing at a CAGR of 6.05% during the forecast period (2024-2029).
The increasing recognition of the significance of quality sleep and impact on health and well-being has boosted the demand for mattresses in Australia. Due to the growing awareness, consumer preferences have shifted to premium mattresses that provide comfort and support. Also, Australia's growing real estate and hospitality sectors contribute to the mattress market's growth. By increasing the development of the real estate and tourism sectors, the demand for quality mattresses in homes and hotels also increases.
The increasing trend towards online mattress shopping significantly influenced the market growth because online shopping provides comfort and a wide selection of products and customer reviews, which attract customers to purchase mattresses online. Consumers also increasingly prefer eco-friendly and organic mattresses due to rising environmental concerns and the desire for natural and non-toxic sleep solutions.
Technological advancements created by manufacturers, such as the development of memory foam and gel-infused mattresses, have played a significant role in Australia's mattress market growth. These advancements motivated manufacturers to create mattresses with enhanced comfort and better sleep quality.
Australia Mattress Market Trends
Hotel Industry is Driving the Market Growth
Melbourne, Sydney, Perth, and Brisbane were identified as cities leading the way in hotel development. A shift towards experiential travel, locally styled hotels, and authentic travel experiences are seen in tourist preferences. Hence, lifestyle and boutique hotels are on the upsurge, and their frequent refurbishments and renovations will drive strong growth in hotel mattress demand in the future. The price of hotel mattresses in Australia is expected to rise by 3.0% by 2025. King and queen-size mattresses are also likely to extend their dominance going forward. Leading players in the industry are looking to introduce oil-scented mattresses for premium hotel clientele coupled with product innovation and integration of advanced technologies.
Smart Home And Mattress is Driving The Market
Consumers worldwide have shown an increased interest in and adoption of smart home technologies in recent years. Due to their ease, automation possibilities, and connectivity with mobile devices, smart home products, such as gadgets like smart speakers, thermostats, and security systems, have become increasingly popular. The people of Australia are tech-savvy and open to innovations. Smart mattresses may be more appealing to consumers who are already comfortable using smart gadgets and exploring the advantages of home automation.
Australia Mattress Industry Overview
Companies across the world have huge investments in this segment of the market. In Australia, the Mattress market has many companies concentrated over minor shares. Australian Comfort Group, Dyer Holdings Pty. Ltd. - Sealy of Australia, Joyce Corporation Ltd, A H Beard Holdings Pty Ltd., Wonderest Ltd, Koala Sleep Pty. Ltd., Tontine Pty. Ltd, Tempur Australia Pty Ltd are amongst the mattresses, fixtures, etc.
Adopting smart Mattresses and upgrading to new mattresses leads to increased competition in the company. Innovation and technological advancement accelerated as COVID-19 and urbanization struck general people to adopt the new bedding and mattresses.
Australia Mattress Market Leaders
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Australian Comfort Group
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Dyer Holdings Pty. Ltd. - Sealy of Australia
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Joyce Corporation Ltd
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A H Beard Holdings Pty Ltd
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Koala Sleep Pty. Ltd
*Disclaimer: Major Players sorted in no particular order
Australia Mattress Market News
- In May 2023, Koala launched a new venture into sofa beds. The well-known firm has now introduced three gorgeous sofa bed designs, each of which has already gained a tonne of traction with consumers searching for comfort, style, and most importantly, functionality in their living rooms.
- In December 2022, The "Sofa Bed" is a new take on the bed sofa from Thinkerbell and Koala. The 'Bed Sofa' (trademark pending) is a brand-new invention by Koala, an Australian furniture company known for upending the mattress and furniture industries.
Australia Mattress Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
- 2.1 Analysis Methodology
- 2.2 Research Phazes
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
- 4.1 Market Overview
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4.2 Market Drivers
- 4.2.1 Growing Residential Construction
- 4.2.2 Increase In Tourism Contributing To The Growth Of The Mattress Market
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4.3 Market Restraints
- 4.3.1 Competition And Price Pressure
- 4.4 Market Opportunities
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4.5 Porter's Five Forces Analysis
- 4.5.1 Bargaining Power of Buyers/Consumers
- 4.5.2 Bargaining Power of Suppliers
- 4.5.3 Threat of New Entrants
- 4.5.4 Threat of Substitute Products
- 4.5.5 Intensity of Competitive Rivalry
- 4.6 Recent Development In Markets
- 4.7 Technology Snapshot
- 4.8 Consumer Behavior Analysis
- 4.9 Government Regulation In Market
- 4.10 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
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5.1 By Type
- 5.1.1 Spring Mattresses
- 5.1.2 Memory Foam Mattresses
- 5.1.3 Latex Mattresses
- 5.1.4 Other Mattresses
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5.2 By Distribution Channel
- 5.2.1 Online
- 5.2.2 Offline
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5.3 By End Users
- 5.3.1 Residential
- 5.3.2 Commercial
6. COMPETITIVE LANDSCAPE
- 6.1 Market Concentration Overview
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6.2 Company Profiles
- 6.2.1 Australian Comfort Group
- 6.2.2 Dyer Holdings Pty. Ltd. - Sealy of Australia
- 6.2.3 Joyce Corporation Ltd
- 6.2.4 AH Beard Holdings Pty Ltd.
- 6.2.5 Wonderest Ltd.
- 6.2.6 Koala Sleep Pty. Ltd.
- 6.2.7 Sleeping Duck Mattress
- 6.2.8 Ecosa Mattress
- 6.2.9 Tontine Pty. Ltd.
- 6.2.10 Tempur Australia Pty Ltd.*
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityAustralia Mattress Industry Segmentation
The mattress is one of the most widely demanded products as people adopt urbanization. A complete background analysis of the Australia Mattress Market includes an assessment of the economy, a market overview, market size estimation for key segments, emerging trends in the market, market dynamics, and key company profiles covered in the report.
The Australia mattress market is segmented by type, distribution channel, and end-user. By type, the market is sub-segmented into spring mattresses, memory foam mattresses, latex mattresses, and other mattresses. By distribution channel, the market is sub-segmented into online and offline. by end-users, the market is sub-segmented into commercial and residential. The report offers the market sizes and forecasts for all the above segments in value (USD).
| By Type | Spring Mattresses |
| Memory Foam Mattresses | |
| Latex Mattresses | |
| Other Mattresses | |
| By Distribution Channel | Online |
| Offline | |
| By End Users | Residential |
| Commercial |
Australia Mattress Market Research FAQs
How big is the Australia Mattress Market?
The Australia Mattress Market size is expected to reach USD 0.87 billion in 2024 and grow at a CAGR of 6.05% to reach USD 1.17 billion by 2029.
What is the current Australia Mattress Market size?
In 2024, the Australia Mattress Market size is expected to reach USD 0.87 billion.
Who are the key players in Australia Mattress Market?
Australian Comfort Group, Dyer Holdings Pty. Ltd. - Sealy of Australia, Joyce Corporation Ltd, A H Beard Holdings Pty Ltd and Koala Sleep Pty. Ltd are the major companies operating in the Australia Mattress Market.
What years does this Australia Mattress Market cover, and what was the market size in 2023?
In 2023, the Australia Mattress Market size was estimated at USD 0.82 billion. The report covers the Australia Mattress Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Australia Mattress Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Mattress in Australia Industry Report
Statistics for the 2024 Mattress in Australia market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Mattress in Australia analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
