What is Hybrid Mattress Market Scope?
Hybrid mattresses are the combination of different layers such as memory foam layers along with an innerspring system. Hybrid mattresses are the best way to experience the pressure relieving benefits as well as healthy sleep. Increasing construction of smart cities results in increasing demand for high comfort furniture and high availability due to the highly developed retail market in developed countries such as the United States and the United Kingdom are boosting the growth of the market. Additionally, a growing number of third-party retail outlets with omnichannel presence and emergence of the hybrid mattress with comfort layers such as gel memory foam, polyfoam, and others have been supplementing the growth of the market. However, presence alternatives and intense competition among established key players and high cost associated with the hybrid mattress are the factors that have been limiting the overall growth of the market.
The Hybrid Mattress market study is being classified, by Application (Home Use and Commercial Use) and major geographies with country level break-up. According to AMA, the Global Hybrid Mattress market is expected to see growth rate of 8.23%
The Vendors having a strong hold in the market are Tempur Sealy International, Mlily Mattress, Serta, Inc, Simmons Bedding Company LLC., Sleemon. Analysts at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Hybrid Mattress market throughout the predicted period.
Tempur Sealy International (United States), Mlily Mattress (United States), Serta, Inc (United States), Simmons Bedding Company LLC. (United States), Sleemon (China), Sinomax USA Inc (United States), Corsicana Mattress Company (United States), Kingsdown, Inc. (United States) and Restonic (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Brentwood Home (United States) and Corsicana Mattress Company (United States).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Hybrid Mattress market by Type, Application and Region.
On the basis of geography, the market of Hybrid Mattress has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
On August 2018, Serta Simmons has announced its merger with Tuft & Needle. Whereas, Tuft & Needle is a direct-to-consumer mattress company. Thus, the merge will beneficial for both the companies in the operating market. Additionally, Tuft & Needle has earned more than USD 169 million sales in the previous year
On May 2019, Centuary Mattresses (India’s leading mattress brand) has announced the launch of new hybrid mattress collection. The collection involves superior quality with the luxury in stylish designs and all design has developed according to the customer’s requirement. Thus, the new launch can create new opportunities in the operating market
Influencing Market Trend
- An Emergence of Hybrid Mattress with Comfort Layers such as Gel Memory Foam, Polyfoam and others
Market Drivers
- High Availability due to highly developed retail Market in Developed Countries Such as the United States and the United Kingdom
- Growing Number of Third-Party Retail Outlets with Omni Channel Presence
Opportunities
- Increasing Disposal Income and Changing Life Style of the People across the Globe
- Rising Demand for High Comfort Mattress for Healthy Sleep
- Increasing Smart City Projects and Increasing Demand from Rapidly Growing Real Estate and Construction Industry
Restraints
- Presence Alternatives in the Operating Market
- Intense Competition among Established Key Players
Challenges
- High Cost Associated with Hybrid Mattress
Key Target Audience
Hybrid Mattress Manufacturers, Raw Material Suppliers, Distributors and Suppliers, Potential Investors, Private Research Organizations, Upstream and Downstream Vendors, Government Associations and Others
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