Luxury and Premium Mattress Market Report 2024 (Global Edition)

Global Luxury and Premium Mattress Market Report 2024 Market Size Split by Product Type (Memory Foam Mattress, Latex Mattress, Hybrid Mattress, Innerspring Mattress, Others ), by End-User (Residenti...

Luxury and Premium Mattress Market Report Description

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Luxury and Premium Mattress Market Insights Video

Competitive Landscape of the Luxury and Premium Mattress Market

The leading companies in the luxury and premium mattress industry have been spurred to innovate and develop new goods in response to the growing demand from consumers. This has allowed them to boost their capacity, expand their presence in regional markets, and provide customers with high-quality products. Mergers, acquisitions, and partnerships with regional mattress suppliers are also on the agenda for manufacturers looking to broaden their product offerings and increase their global footprint in the luxury and premium mattress market.

Luxury and Premium Mattress Industry News

• In April 2023, the New Serta iComfortECOTM and Serta Perfect Sleeper collections were introduced by Serta Simmons Bedding, LLC (SSB). In conjunction with the new lines' current rollout to stores nationwide, the business is launching marketing campaigns and improving Serta.com to make research and purchasing easier for sleepers. 
• In October 2023, Tempur Sealy International, Inc. announced today that its credit facilities with senior security, consisting of a revolving borrow facility and a term loan facility totalling $1.65 billion, have been closed.

Source-(sertasimmons.com/news/serta-simmons-bedding-launches-new-serta-icomforteco-perfect-sleeper-collections/)

(investor.tempursealy.com/news-releases/news-release-details/tempur-sealy-announces-refinancing-credit-facilities)

Top Companies Market Share in Luxury and Premium Mattress Industry: (In no particular order of Rank)

• Harrison Spinks
• Jensen
• Kingsdown
• Inc.
• Femira Bettensysteme GmbH & Co. KG
• Oschmann Comfortbetten GmbH
• Sleep Number Corporation
• Tempur Sealy International
• Inc.
• RUF Betten GmbH
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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In terms of revenue, the The North America luxury and premium mattress Market share was 23% of the total marke

According to Cognitive Market Research, Asia Pacific dominated the market in 2023 and accounted for around 23% of the global revenue, owing to the increased discretionary incomes, a focus on high-quality sleep products, new technologies, evolving lifestyles, an increase in the number of homes being built, a sizable middle class, and an inclination for splurging on luxury goods. Furthermore, luxury and premium mattresses are becoming increasingly popular as consumers abandon traditional beds in favour of high-quality items sold by reputable manufacturers, fueling the growth of the region's luxury and premium mattress industry.

The Middle East and Africa are the fastest-growing categories in the region because consumers are increasingly prepared to spend on their health-stimulating products due to the increase in disposable income. Users' hectic and stressful lives are increasing the need for high-quality mattresses because they cause mental fatigue. Therefore, there has been an upsurge in the demand for high-quality mattresses to meet the increasing desire for restful sleep, which are all factors fueling the market growth in the region. The premium and luxury mattress market continues to change due to technological and material improvements in memory foam, latex, hybrid designs, and smart features to sustain the growth of the Middle East and Africa markets in the next few years.

The current report Scope analyzes Luxury and Premium Mattress Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Luxury and Premium Mattress Market

According to Cognitive Market Research, the global luxury and premium mattress market size was estimated at USD 22.1 Billion, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 8.84 billion in 2023. It will rise at a compound annual growth rate (CAGR) of 4.0% from 2023 to 2030, because of an increase in luxury and premium mattress use among the region's health-conscious consumers. The expansion of the North American luxury and premium mattress market is being driven by factors such as rising healthy lifestyles, supplying pleasant accommodations, and the availability of the market. According to Cognitive Market Research, in the North American area, commercial mattresses are presumed to have the fastest growth in the coming years because a wide range of sizes is common for commercial mattresses so that they may meet the needs of a wide variety of rooms and guests. Because of this adaptability, businesses can meet the varied demands of their customers. In conclusion, According to Cognitive Market Research, the demand for luxury and premium mattress has been fuelled by the rising customer understanding of the importance of health and wellness, which will increase the demand during this region's forecast period.

Europe Luxury and Premium Mattress Market

According to Cognitive Market Research, the global Luxury and Premium Mattress market size was estimated at USD 22.1 Billion, out of which Europe held the major market of more than 30% of the global revenue with a market size of USD 6.63 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2023 to 2030. This region's demand for luxury and premium mattresses are rising for several reasons, including rising disposable income, more people moving to cities, and the ageing population. According to Cognitive Market Research, innerspring mattresses are predicted to expand rapidly in the European market in the coming years because innerspring mattresses, made with high-quality materials and using sophisticated coil designs, are renowned for their powerful support. This can add to the durability and stability that endure a long period. In conclusion, According to Cognitive Market Research, the luxury and premium mattress market in the European region with developing countries such as Germany, France, Italy, Spain, Russia, and the Rest of the European countries will witness healthy growth during the forecast period.

Asia Pacific Luxury and Premium Mattress Market

According to Cognitive Market Research, the global luxury and premium mattress market size was estimated at USD 22.1 Billion, out of which Asia Pacific held the major market of more than 23% of the global revenue with a market size of USD 5.08 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 6.8% from 2023 to 2030. The rising demand for premium and luxury mattresses in this region is driven by consumers' growing interest in individualized sleep solutions and their concern for home aesthetics and interior design. According to Cognitive Market Research, the memory foam mattress category in the Asia-Pacific region is presumed to witness the most significant growth in the coming years. Their shape-fitting design, pressure point relief, and support for healthy spinal alignment all contribute to how lovely they are to wear. With its unique comfort, support, and durability combination, memory foam is perfect for a luxurious night's sleep. In conclusion, countries in the Asia-Pacific region, such as India, China, and Japan, have been pioneers in embracing new technologies. Demand for luxury and premium mattresses will remain high throughout the forecast period, driven by a change in consumer priorities towards a healthier lifestyle.

South America Luxury and Premium Mattress Market

According to Cognitive Market Research, the global Luxury and Premium Mattress market size was estimated at USD 22.1 Billion, out of which Latin America held the major market of more than 5.00% of the global revenue with a market size of USD 1.11 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2023 to 2030. The Latin American luxury and premium mattress the market is going through growth due to factors such as increasing health consciousness, rising income, and higher living standards to propel the industry growth in this region. According to Cognitive Market Research, the Latin American market is expected to increase in the coming years because online retailers typically have cheaper overheads compared to more conventional brick-and-mortar establishments. Mattress prices may fall, allowing more people to shop for high-quality items online and improving the overall market's online luxury and premium mattress category growth. In conclusion, according to Cognitive Market Research, consistent cooperation and the purchase of new businesses should lead to upscale resorts and hotels frequently spending money on better sleeping experiences to make their customers happier in the region's luxury and premium mattress market in the coming years.

Middle East and Africa Luxury and Premium Mattress Market

According to Cognitive Market Research, the global Luxury and Premium Mattress market size was estimated at USD 22.1 Billion, out of which the Middle East and Africa held the major market of more than 2.00% of the global revenue with a market size of USD 0.44 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 5.3% from 2023 to 2030. The growing market for sustainable and ecologically friendly goods has been on the rise due to the growing consciousness toward sustainability and environmental issues, which has led to brands of luxurious and premium mattresses during the forecast period. According to Cognitive Market Research, the residential mattresses in the Luxury and Premium Mattress category will expand in the coming years. Residential mattresses are crafted to provide a cosy and supportive surface for resting your weary head. They aim to facilitate a more comfortable night's sleep by reducing pressure points and repositioning the spine. In conclusion, According to Cognitive Market Research, infrastructure development and development in the tourism industry in the Middle East and Africa will grow significantly during the forecast period.

Luxury and Premium Mattress Market Analysis

Premium Mattress Market Product Type Segment Analysis

According to Cognitive Market Research, memory foam mattresses held the major market share over the forecast period because they mold to your body's curves, relieving pressure points and encouraging proper spinal alignment to bring you unparalleled comfort. Memory foam's high-end sleeping experience is complemented by its motion isolation properties, which reduce disturbances caused by a partner's movements as they sleep. Memory foam is also utilized in premium and luxury mattresses for its mix of comfort, support, and durability to fuel the market growth.

Over the forecast period, innerspring mattresses are the fastest-growing category because the innerspring mattress market uses high-quality materials and innovative coil designs to create famously supportive mattresses. Innerspring mattresses typically come with various firmness options to suit different preferences; this can help ensure that the mattress lasts a long time and provides consistent support. Because of this personalization, shoppers can find a mattress that is perfect for them.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Luxury and Premium Mattress Industry. Request a Free Sample PDF!

Luxury and Premium Mattress Market End-User Segment Analysis

According to Cognitive Market Research, residential mattresses hold a prominent market share as they should provide a soft, supportive surface for your body to sink into while you sleep. Their goals include relieving pressure points, promoting spinal alignment, and laying a comfortable groundwork for deep sleep. Durability and lifespan are key features of residential mattresses designed to endure frequent use. This guarantees the mattress will have its supporting qualities for a long time.

The commercial is the fastest-growing category over the forecast period, as hotels, resorts, and other types of lodging establishments frequently use commercial mattresses for their capacity to provide a supportive and pleasant sleeping experience for guests, contributing to the market's overall growth.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Luxury and Premium Mattress Distribution Channel Segment Analysis

Luxury and Premium Mattress Market Distribution Channel Segment Analysis

According to Cognitive Market Research, online category held the major market share over the forecast period because buying a mattress online is quite convenient. While shopping for a mattress online, consumers can peruse a large selection, compare prices, and read reviews without leaving the house. Moreover, many online merchants offer cheaper overhead expenses than their brick-and-mortar counterparts. As a result, customers can buy high-quality mattresses online at more affordable prices.

Offline is the fastest-growing category over the forecast period because the advantage of buying a mattress in an offline store is that customers can try it out for themselves before buying it. Additionally, they can speak with a real person if they have any questions or concerns. In addition to strengthening the bond between buyer and seller, this one-on-one conversation can elevate the buying experience.

• Online
• Offline

Author's Detail

Sneha Mali

Research Analyst at Cognitive Market Research

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I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.

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