Market Size of Australia Mattress Industry
| 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 |
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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 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 Size Summary
The Australian mattress market is experiencing significant growth, driven by an increasing awareness of the importance of quality sleep and its impact on health and well-being. This has led to a shift in consumer preferences towards premium mattresses that offer enhanced comfort and support. The expansion of the real estate and hospitality sectors in Australia further fuels this demand, as more homes and hotels seek high-quality mattresses. The trend towards online shopping has also contributed to market growth, offering consumers convenience and a broad selection of products. Additionally, there is a rising preference for eco-friendly and organic mattresses, reflecting growing environmental concerns. Technological advancements, such as memory foam and gel-infused mattresses, have also played a crucial role in enhancing sleep quality and comfort, further propelling market expansion.
Cities like Melbourne, Sydney, Perth, and Brisbane are at the forefront of hotel development, with a notable rise in lifestyle and boutique hotels. This trend, along with frequent refurbishments, is expected to drive strong demand for hotel mattresses. The market is also seeing an increased interest in smart mattresses, appealing to tech-savvy consumers who embrace home automation. The competitive landscape is marked by significant investments and innovation, with companies like Australian Comfort Group and Koala Sleep Pty. Ltd. leading the charge. Recent product launches, such as Koala's venture into sofa beds, highlight the ongoing innovation and adaptation within the market. As urbanization and technological advancements continue to influence consumer behavior, the Australian mattress market is poised for continued growth and transformation.
Australia Mattress Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Growing Residential Construction
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1.2.2 Increase In Tourism Contributing To The Growth Of The Mattress Market
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1.3 Market Restraints
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1.3.1 Competition And Price Pressure
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1.4 Market Opportunities
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1.5 Porter's Five Forces Analysis
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1.5.1 Bargaining Power of Buyers/Consumers
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1.5.2 Bargaining Power of Suppliers
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1.5.3 Threat of New Entrants
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1.5.4 Threat of Substitute Products
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1.5.5 Intensity of Competitive Rivalry
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1.6 Recent Development In Markets
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1.7 Technology Snapshot
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1.8 Consumer Behavior Analysis
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1.9 Government Regulation In Market
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1.10 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Spring Mattresses
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2.1.2 Memory Foam Mattresses
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2.1.3 Latex Mattresses
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2.1.4 Other Mattresses
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2.2 By Distribution Channel
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2.2.1 Online
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2.2.2 Offline
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2.3 By End Users
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2.3.1 Residential
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2.3.2 Commercial
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Australia Mattress Market Size 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.
