The adjustable beds and mattresses market has secured a market value of US$ 6.87 Billion in 2022 and is predicted to amass a market value of US$ 16.26 Billion by recording a CAGR of 9% in the forecast period of 2022-2032.
The adjustable beds and mattress market has witnessed substantial growth in recent years, driven by an increasing awareness of the importance of quality sleep and a growing aging population. These beds, once associated primarily with hospital settings, have evolved into a mainstream consumer product. The market is characterized by a variety of products that offer customizable features to meet individual comfort needs. Adjustable beds have become synonymous with luxury and wellness, appealing to a broad demographic, including young adults, seniors, and individuals with specific health conditions.
Growth of the adjustable beds and mattress market can be attributed to increasing global population, rapid urbanization, and growing disposable income levels. The market for adjustable beds and mattress registered a CAGR of 5% in the historical period 2017-2021.
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Market Opportunity:
The global adjustable beds and mattress market presents a significant opportunity for expansion. With a rising emphasis on health and wellness, consumers are increasingly willing to invest in products that enhance their sleep quality and overall well-being. The aging population, particularly in developed regions, is a key driver, as seniors seek solutions to address age-related health issues. Furthermore, technological advancements in adjustable bed designs, including smart features and connectivity options, contribute to the market’s appeal. The customization aspect of these products, allowing users to adjust sleeping positions and firmness levels, adds to the market’s attractiveness.
Market Challenges:
The adjustable beds and mattress market faces challenges that require strategic consideration. Affordability remains a concern for a significant portion of the consumer base. High-quality adjustable beds often come with a premium price tag, limiting their accessibility to a broader audience. Additionally, consumer awareness and education about the benefits of adjustable beds need improvement. Overcoming the perception that these beds are only for specific health conditions or elderly individuals is crucial for market expansion. Furthermore, the competitive landscape is evolving rapidly, requiring companies to innovate continuously to stay ahead.
Key Players:
- Amerisleep
- Boyd Sleep
- Ergomotion
- Glideaway
- Leggett & Platt, Inc.
- Serta, Inc.
- Southerland Sleep
- Tempur Sealy International, Inc.
- The Sleepwell Company
- Sealy Technology LLC
- Sleep Number Corp.
Competitive Landscape:
- In October 2020, Ergomotion, part of the Keeson Technology Group and the largest manufacturer of adjustable bases worldwide, opened a 250,000-square-foot manufacturing facility in Chihuahua, the company’s first assembly plant in North America. The new facility will include manual and semi-automatic operations that will support the continued enhancement of customer service in the U.S.
- For instance, in August 2021, Southerland Sleep, a leading mattress manufacturer introduced its redeveloped American Sleep Line. The revamped line includes hybrids and two-sided mattresses, that serve as a companion collection to its popular Signature collection. The American Sleep Line features perimeter-edge coil systems with enhanced edge support, which enhances the mattress’ durability
Key Segments Profiled in the Adjustable Beds and Mattress Industry Survey
- Product:
- Adjustable Beds
- Single
- Double
- Adjustable Mattress
- Memory Foam
- Latex Foam
- Hybrid
- Adjustable Beds
- Distribution Channel:
- Offline
- Online
- End-user
- Residential
- Non-residential
- Region:
- North America
- Latin America
- Europe
- Asia Pacific
- MEA
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