Market Research Report
Europe Mattress Market Revenue Analysis by Product, Size, Distribution Channel, End Use - Latest Trends and Growth Potential Through 2030
|Europe Mattress Market Revenue Analysis by Product, Size, Distribution Channel, End Use - Latest Trends and Growth Potential Through 2030|
Published: February 1, 2022
Prescient & Strategic Intelligence Private Limited
Content info: 215 Pages
Delivery time: 2-3 business days
From an estimated $7,877.0 million in 2021, the European mattress market revenue is set to rise to $14,382.8 million by 2030, at a 6.9% CAGR between 2021 and 2030, according to the recent market research report published by P&S Intelligence. The key factor behind this would be the rising purchasing power of people in the continent, which is not only allowing them to buy premium-quality mattresses but also replace them more frequently than before.
This is also enabling people to purchase customized mattresses, which are priced higher than standard ones. Several companies are now giving customers the opportunity to modify the thickness, size, and firmness of the mattress and add personalized features, such as adaptability to the position they are sleeping in. By having the size of the products customized, they can be made to easily fit in customized bed frames.
The commercial sector is the largest procurer of mattresses in the continent because the quality of these products has a direct influence on the quality of user comfort, which is highly prized here. Within the commercial sector, mattresses are majorly bought by hotels and hospitals, which lay a strong emphasis on comfort and convenience, therefore replace their mattresses more often than residential users.
Therefore, the booming hospitality industry is a major European mattress market growth driver. France, Germany, Italy, the U.K., Spain, Portugal, Switzerland, and Austria are among the most-famous travel destinations for people around the world. The charm of the region among holidaymakers has resulted in a massive increase in the number of hotels and resorts here, thereby helping the market advance.