PUBLISHER: 360iResearch | PRODUCT CODE: 1464732
PUBLISHER: 360iResearch | PRODUCT CODE: 1464732
[185 Pages Report] The Adjustable Beds & Mattress Market size was estimated at USD 7.53 billion in 2023 and expected to reach USD 8.06 billion in 2024, at a CAGR 7.34% to reach USD 12.38 billion by 2030.
An adjustable bed is an innovative bedding foundation that allows users to modify their sleeping position for optimal comfort and health benefits. Unlike traditional bed frames, adjustable beds enable the elevation of the head, feet, or both, which can assist in relieving various health issues such as back pain, sleep apnea, and acid reflux. These beds are engineered with a motorized base that can be controlled using a remote, allowing users to achieve their desired position with ease. Complementing adjustable beds, adjustable mattresses are designed to work harmoniously with these bases. They are crafted from flexible materials that can endure and support the bending and adjusting motions without compromising comfort or durability. These mattresses come in several types, including memory foam, latex, innerspring, and hybrid, each offering distinct benefits to cater to individual preferences and requirements. Combining an adjustable bed and a compatible mattress offers a customizable sleeping experience, potentially enhancing sleep quality and overall health. The increasing consumer spending on comfort and relaxation due to changing lifestyles among generations X, Y, and Z and the growing online retail platforms making it easier for consumers to access a wider range of products are driving the growth of the adjustable beds & mattress market. However, the bulkiness and complexity of these products can lead to challenges in logistics and storage, potentially increasing the cost and complexity for suppliers. The emerging trend of smart homes provides an excellent opportunity for integrating adjustable beds into the ecosystem, offering enhanced functionalities through IoT connectivity.
KEY MARKET STATISTICS | |
---|---|
Base Year [2023] | USD 7.53 billion |
Estimated Year [2024] | USD 8.06 billion |
Forecast Year [2030] | USD 12.38 billion |
CAGR (%) | 7.34% |
Mattress Material: Increasing adoption of hybrid mattresses
Hybrid mattresses represent an intricate fusion of coil springs and memory foam or latex layers designed to balance support, comfort, and breathability. This combination is ideally suited for adjustable beds, providing a flexible foundation that adapts to various positions while ensuring even weight distribution and minimizing pressure points. Hybrid mattresses are celebrated for their longevity and ability of catering to a broad range of sleep preferences, making them a versatile choice for adjustable bed users seeking support and comfort. Latex mattresses, derived from natural or synthetic rubber, offer a responsive sleep surface with notable elasticity. This inherent flexibility allows latex mattresses to perform exceptionally well on adjustable beds, conforming easily to different configurations without losing their supportive qualities. Natural latex versions are favored for their eco-friendly properties and inherent resistance to dust mites and allergens. The durability and breathability of latex mattresses contribute to a more relaxed sleep experience, suitable for individuals looking for a responsive yet supportive adjustable bed solution. Memory foam mattresses are renowned for their viscoelastic properties, providing unparalleled pressure relief and support by contouring precisely to the sleeper's body. This adaptability makes memory foam an ideal companion for adjustable beds, as it can flex and move with the bed's adjustments without compromising its comfort or support levels. Furthermore, memory foam's motion isolation capabilities ensure minimal disturbance for those sharing a bed. Innovations in cooling technologies and open-cell designs have also enhanced the breathability of memory foam mattresses, addressing the traditional drawback of heat retention and offering a more comfortable night's sleep.
Distribution Channel: Elevated use of online distribution channel attributed to its convenience of browsing, comparing, and purchasing products
The offline distribution channels for adjustable beds and mattresses involve traditional brick-and-mortar retail outlets. These include specialized bedding stores, furniture shops, and department stores. Such outlets offer a tactile purchasing experience where customers physically examine and test the products before deciding. Furthermore, these stores often provide additional services such as delivery, setup, and old mattress removal, enhancing the purchasing experience. Trade shows and exhibitions also serve as vital offline channels, offering manufacturers direct access to large customer bases and opportunities for live demonstrations. Online distribution channels have significantly increased importance for the adjustable bed and mattress industry. These include dedicated e-commerce websites, online marketplaces such as Amazon, and the digital platforms of traditional retail stores. The online model offers convenience, a more comprehensive selection, and often more competitive pricing. Additionally, online channels allow for direct-to-consumer sales models, cutting out the middleman and lowering costs for both the supplier and the consumer. Product reviews and ratings online add another layer of trust and decision-making support for customers.
Regional Insights
The adjustable beds and mattress market in the Americas, notably in the United States and Canada, has seen significant growth, driven by an aging population and an increasing consumer preference for products enhancing sleep quality and comfort. Innovations in smart beds and mattresses incorporating technologies for sleep tracking and automated adjustments have become particularly popular. Market players focus on direct-to-consumer sales channels and online platforms to reach a wide audience. The availability of various products catering to different needs and preferences also contributes to expanding the adjustable beds and mattress market in the Americas. The Asia-Pacific region is showcasing rapid growth in the adjustable beds and mattress market, fueled by increasing awareness about sleep health and rising disposable incomes, especially in countries including China, Japan, and Australia. The market is characterized by a mix of international brands and strong local competitors, with innovation and product customization being key competitive strategies. The aging population in countries, including Japan, has also driven demand for adjustable beds that cater to health and mobility issues. The adjustable beds and mattress market is diverse in the EMEA region, with each region displaying unique characteristics. Europe represents a mature market focusing on luxury and high-end products, particularly in countries such as Germany, the UK, and Scandinavian nations. Manufacturers are emphasizing eco-friendly and sustainably sourced materials in response to consumer demand. The Middle East showcases a rising interest in health and wellness tourism, while Africa is an emerging market with potential for growth driven by urbanization and a growing disposable income.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Adjustable Beds & Mattress Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Adjustable Beds & Mattress Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Adjustable Beds & Mattress Market, highlighting leading vendors and their innovative profiles. These include Adjustable Bed Enterprises, Inc., Amerisleep, Ascion, LLC., Boyd Sleep, Brooklyn Bedding, LLC, Comfort Grid Technologies Private Limited, Costco Wholesale Corporation, Easy Rest Adjustable Adjustable Sleep System Company, Eight Sleep, Inc., Ergomotion, GoldenRest, Leggett & Platt, Inc., Loom & Leaf by Saatva, Mantua Manufacturing Co., Personal Comfort, Resident Home, LLC., Serta Simmons Bedding, LLC, Simmons Bedding Company, LLC., Sleep Number Corp., Southerland Sleep, Tempur Sealy International, Inc., and WCW, Inc..
Market Segmentation & Coverage
1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
1. What is the market size and forecast of the Adjustable Beds & Mattress Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Adjustable Beds & Mattress Market?
3. What are the technology trends and regulatory frameworks in the Adjustable Beds & Mattress Market?
4. What is the market share of the leading vendors in the Adjustable Beds & Mattress Market?
5. Which modes and strategic moves are suitable for entering the Adjustable Beds & Mattress Market?