About Memory Foam Mattress
Memory foam mattresses are designed in way to provide comfort and help reducing back pain or others sleeping disorders. These mattresses are made up of memory foam (petroleum-based polyurethane) and conform the shape of an individual body positions. Growing number of sleep disorders and health related issues have led to rise in demand for memory foam mattress. Recent introduction of smart mattress further expected to supplement the market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Memory Foam Mattress market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Memory Foam Mattress Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Memory Foam Mattress market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Serta Simmons Bedding Company [United States], Spring Air International [United States], Sleep Number [United States], Tempur Sealy International [United States], Kingsdown [United States], Restonic (Pty) Ltd. [United States], Corsicana Bedding, Inc [United States], Simmons Bedding Company [United States] and SLEEMON [China] are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are M/S. Shubh Lifestyle Creations (India), Siddharth Poly Foam Private Limited (India) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Memory Foam Mattress market by Type (Traditional, Plant Based and Gel) and Region.
On the basis of geography, the market of Memory Foam 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). If we see Market by End Users, the sub-segment i.e. Household will boost the Memory Foam Mattress market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by By Size, the sub-segment i.e. Below 10 cm will boost the Memory Foam Mattress market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Demand for Organic Memory Foam Mattress, Introduction of Technologically Advanced Smart Mattress and Rising E-commerce Sales of Mattresses
Market Growth Drivers:
Rising Demand from Healthcare and Hospitality Industry and Growing Number of Sleep Disorders and Back-pain Problems
Challenges:
Long Replacement Cycle Limits Its Sales
Restraints:
High Cost of Memory Foam Mattress and Availability of Alternatives Mattress in the Market at Lower Cost
Opportunities:
User's Inclination Towards Multifunctional Mattresses and Growth in Disposable Income In Emerging Countries
Market Leaders and their expansionary development strategies
In July 2022, Ananta Capital, a sector-agnostic investment management platform, has acquired a majority stake in Springwel Mattresses, a mattress and sleep solutions brand.
In October 2023, Sleepwell launched of its latest Pro Nexa Mattress. Pro Nexa Mattress, with its ‘enhanced body recovery’ proprietary technology, offers superior comfort as compared to memory foam.
Regardless of where they are manufactured, all mattresses and mattress systems sold in the U.S. must comply with mandatory flammability requirements. These requirements are set forth in Chapter 16 of the U.S. Code of Federal Regulations (CFR) in two separate standards, Part 1632, Standard for the Flammability of Mattresses and Mattress Pads, and Part 1633, Standard for the Flammability (Open Flame) of Mattress Sets. Both standards are implementing regulations under the U.S. Federal Flammable Fabrics Act (FFA), which regulates the manufacture of highly flammable clothing and interior furnishings. Flammability regulations under the FFA are administered by the U.S. and Consumer Product Safety Commission(CPSC).
Key Target Audience
Memory Foam Mattress Manufacturers, Suppliers/Distributors, Potential Investors, Government Agencies, Research Institutes and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.