Memory Foam Mattress Market Analysis: To Reach Around USD 9,281 Mn In 2027

The Memory Foam Mattress market was valued at USD 4,765 million in 2020 and expected to grow at a CAGR of 10% during the forecast period from 2021 to 2027 to reach around USD 9,281 million in 2027.

Memory Foam Mattress exhibits combination of memory foam along with spring or support foam. Memory Foam Mattress utilizes body temperature to softer and acquire shape of body part resting on it. Memory Foam Mattress are designed and developed to get ultimate comfort and support. Memory Foam in memory foam mattress remember the shape of body usually sleeping position of offer maximum comfort. It is sometime also called as visco-elastic foam. Memory foam is typically made of polyurethane.

Key Trends in Global Memory Foam Mattress Market

Extreme Comfort Provided by Memory Foam is Fueling the demand for Memory Foam Mattress

One of the foremost important growth driving factor for Memory Foam Mattress market is extreme level of comfort offered by its. Memory Foam Mattress reduces pressure on users’ body and thus facilitate relaxation of every body part resting on it. Spine, neck, hips and every body part gets realignment with use of Memory Foam Mattress. Weight of all body parts gets evenly distributed on Memory Foam Mattress.

However, high price and uneasiness in using memory foam mattress during hot and cold climatic conditions can be one of the major factor arresting the growthof this industry to some extent.

Impact of COVID 19 on Global Memory Foam Mattress Market

COVID 19 has left an unparalleled impact on growth of global Memory Foam Mattress industry. The global Memory Foam Mattress has witnessed very severe setback like never before. The demand for Memory Foam Mattress is expected to be plunged by almost 20% in 2020, in terms of both volume as well as revenue. However, with the beginning of unlock process across the world and anticipation of COVID 19 vaccine to be launched during first half of 2020 is expected to bring recovery in demand for Memory Foam Mattress.

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Global Memory Foam Mattress Market by Type Insights

Based on its type, the global Memory Foam Mattress market can be segmented into Below 10 cm, 10 to 30 cm and Above 30 cm. 10 to 30 cm segment has captured the maximum share in the revenue of Memory Foam Mattress in 2020. Increasing popularity of this segment is can be attributed to rational pricing and growing demand for Memory Foam Mattress among middle class population around the world. Above 30 cm holds second largest position in terms of total revenue generated by the global Memory Foam Mattress market in 2020.

Global Memory Foam Mattress Market by Application Insights

Based on its application, the global Memory Foam Mattress market can be segmented into Residential Use and Commercial Use. At present, commercial segment accounted for the largest chunk of total revenue generated by this industry. However, with increasing awareness among end-users regarding benefits of memory foam mattress has been resulted into growing demand around the world. It also offers other benefits such as less noise, no transfer of movement, low cost of maintenance, extended durability, etc. As memory foam mattress are made of materials that facilitate easy breathing during sleep time and offers good health, especially for the people suffering from of highly sensitive to allergy.

Global Memory Foam Mattress Market by Regional Insights

North America accounted for largest share in 2020 and was closely followed by the Europe and Asia Pacific. High purchasing power parity, deep routed distribution channels and higher awareness among end-users is mainly driving the demand for memory foam mattress in North America and Europe. Commercial segment has been remained major end-user of memory foam mattress in these regions. However, Asia Pacific is likely to grow at a rapid pace over the forecast period. Increasing disposable income in the hand of large size middle class population with increasing trend for luxury goods in Asia Pacific is likely to push demand for memory foam mattress industry in the region.

Global Memory Foam Mattress Market Competitive Landscape

Key players operating in the field of manufacturing Memory Foam Mattress including but not limited to Tempur Sealy, Mlily, Serta, Simmons, Sleemon, Sinomax, Corsicana Bedding, Kingsdown and Restonic. Market share of memory foam mattress industry is fairly fragmented with large number of industry participants around the world. Production of memory foam mattress is dominated by the Asia Pacific with abundance of raw materials and cost effective labor.

Market Segmentation

Global Memory Foam Mattress Market by Type, 2015 – 2027

  • Below 10 cm
  • 10 to 30 cm
  • Above 30 cm

Global Memory Foam Mattress Market by Application, 2015 – 2027

  • Residential Use
  • Commercial Use

Global Memory Foam Mattress Market by Region, 2015 – 2027

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Global Memory Foam Mattress Market: Key Players

  • Tempur Sealy
  • Mlily
  • Serta
  • Simmons
  • Sleemon
  • Sinomax
  • Corsicana Bedding
  • Kingsdown
  • Restonic

.       Others

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Table Of Content:

  1. Preface

1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

  1. Executive Summary

2.1. Market Snapshot: Global Memory Foam Mattress Market
2.2. Global Memory Foam Mattress Market, by Product, 2019 (US$ Bn)
2.3. Global Memory Foam Mattress Market, by End-user, 2019 (US$ Bn)
2.4. Global Memory Foam Mattress Market, by Geography, 2019 (US$ Bn)

  1. Market Dynamics

3.1. Introduction
3.1.1. Global Memory Foam Mattress Market Value, 2015-2027, (US$ Bn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2019
3.4. Market Positioning of Key Players, 2019
3.4.1. Major Strategies Adopted by Key Players

  1. Global Memory Foam Mattress Market, by Product, 2015-2027 (US$ Bn)

4.1. Overview
4.2. Below 10 cm
4.3. 10 to 30 cm
4.4. Above 30 cm
4.5. Product 4
4.6. Product 5
4.7. Others

  1. Global Memory Foam Mattress Market, by End-user, 2015-2027 (US$ Bn)

5.1. Overview
5.2. Residential Use
5.3. Commercial Use
5.4. End-user 3
5.5. End-user 4
5.6. End-user 5
5.7. Others

  1. North America Memory Foam Mattress Market Analysis, 2015-2027 (US$ Bn)

6.1. Overview
6.1.1. North America Memory Foam Mattress Market Value and Growth, 2015-2027, (US$ Bn)
6.2. North America Memory Foam Mattress Market Value, By Product, 2015-2027 (US$ Bn)
6.2.1. Market Analysis
6.3. North America Memory Foam Mattress Market Value, By End-user, 2015-2027 (US$ Bn)
6.3.1. Market Analysis
6.4. North America Memory Foam Mattress Market Value, By Region/Country, 2015-2027 (US$ Bn)
6.4.1. Market Analysis
6.4.2. U.S.
6.4.3. Rest of North America

  1. Europe Memory Foam Mattress Market Analysis, 2015-2027 (US$ Bn)

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  1. Asia Pacific Memory Foam Mattress Market Analysis, 2015-2027 (US$ Bn)

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  1. Rest of the World Memory Foam Mattress Market Analysis, 2015-2027 (US$ Bn)

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  1. Company Profiles

10.1. Tempur Sealy
10.2. Mlily
10.3. Serta.
10.4. Simmons
10.5. Sleemon
10.6. Sinomax
10.7. Corsicana Bedding
10.8. Kingsdown
10.9. Restonic
10.10. Company 10
10.11. Company 11
10.12. Company 12
10.13. Company 13

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