In the quest for valuable market insights, businesses find an economical ally in this Smart Mattress Market research report, offering a pathway to success. Amidst the rapid evolution of the marketplace, businesses striving for a competitive edge find immense value in embracing such comprehensive market research. This Smart Mattress Market report spans a multitude of facets within the market. It meticulously analyzes company profiles of key market competitors, evaluating company snapshots, geographic presence, product portfolios, and recent advancements.
Businesses perennially seek insightful and actionable market reports as a catalyst for growth and success. The Smart Mattress Market report serves as a guiding light, offering a clear perspective on strategic analyses encompassing mergers, expansions, acquisitions, partnerships, and investments. Crafted through a fusion of rich industry experience, adept solutions, industry insights, and cutting-edge technology, this comprehensive and purpose-driven market research report stands as a testament. It not only motivates clients to explore new business ventures but also empowers them to evolve. Embedded within is competitive intelligence, a crucial asset aiding businesses to thrive in the market landscape.
The smart mattress market is expected to be growing at a growth rate of 11.10% in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the factors responsible for fostering the growth of smart mattress market.
This rise in smart mattress market value can be attributed to the various factors such as increasing awareness about the benefits of smart mattresses, rising popularity of connected devices, and increasing personal disposable income. Therefore, the market value, which was USD 1500 million in 2020, will shoot up to USD 3481.79 million by 2028.
Mattresses are the pads that are designed for the purpose of sleeping. A wide variety of materials is used to fill in the mattresses and is available in different sizes as per the requirement. Smart mattresses are designed to track the sleeping pattern of an individual and generate the information accordingly.
Rising demand for smart and eco-friendly mattresses and increasing personal disposable income are the major factors fostering the growth of smart mattress market. Ever-rising population, rising availability of all kinds of mattresses and growing health consciousness among the individuals are some other indirect smart mattress market growth determinants. Increasing penetration of smartphones and internet will also create lucrative and remunerative smart mattress market growth opportunities in the long run.
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Dynamics and Growth Drivers of Smart Mattress Market:
The smart mattress market is segmented on the basis of product, size, application, distribution channel, and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
On the basis of product, the smart mattress market is segmented into foam, hybrid, innerspring, latex, water bed, air bed, adjustable bases and others. Foam segment is sub-segmented into polyuratene, polyethylene, memory, gel, polyester, latex, convoluted, and evlon. Innerspring segment is sub-segmented into bonnel coils, pocket coils, continuous coils, and offset coils. Latex segment is sub-segmented into natural and synthetic.
On the basis of size, the smart mattress market is segmented into twin or single size, twin XL size, full or double size, queen size, and others.
On the basis of application, the smart mattress market is segmented into household and commercial.
On the basis of distribution channels, the smart mattress market is segmented into offline retail, online retail, independent retailers/ exclusive stores, and specialty stores. Offline retail segment is sub-segmented into hypermarket and supermarket.
On the basis of end user, the smart mattress market is segmented into hotel industry, household, hospitals and others.
Regional Analysis/Insights of Smart Mattress Market:
The countries covered in the smart mattress market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the smart mattress market and will continue to flourish its trend of dominance during the forecast period owing to the wide scale acceptance and increased expenditure on research and development proficiencies. Asia-Pacific on the other hand will project the highest CAGR. Rising personal disposable income, rapid globalization, westernization, modernization, and rising awareness about the variety in mattresses are some major market growth determinants for this region.
The major companies which are dealing in the Smart Mattress Market:
SERTA SIMMONS BEDDING, LLC, Sleep Number Corporation SLEEP NUMBER, Eight Sleep, Kingsdown, Inc., ReST, Tempur Sealy International, Inc., Leggett & Platt, Incorporated, Hilding Anders, DeRucci Inc., Recticel, Sleemon, Naturaliterie, Variowell-Development GmbH, Al Mattress, PARAMOUNT BED CO., LTD., Spring Air International. and Southerland Sleep among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Key Market Perspectives:
Thorough examination of prevailing market tendencies
Updates on the latest product advancements and innovations
Smart Mattress Market market's Compound Annual Growth Rate (CAGR) for both historic and forecasted years
Strategies and activities of prominent players and brands in the field
Insights into the industry landscape for emerging participants
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Key Market Segmentation:
By Product (Foam, Hybrid, Innerspring, Latex, Water Bed, Air Bed, Adjustable Bases and Others), By Size (Twin or Single Size, Twin XL Size, Full or Double Size, Queen Size and Others), Application (Household and Commercial), Distribution (Offline Retail, Online Retail, Independent Retailers/ Exclusive Stores and Specialty Stores), End User (Hotel industry, Household, Hospitals and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa)
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