Luxury and Premium Mattress Market Insights Video

According to Cognitive Market Research, the global luxury and premium mattress market size is USD 22.1 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 5.50% from 2023 to 2030.

• The global luxury and premium mattress market will expand significantly by 5.50% CAGR between 2023 and 2030.
• The demand for luxury and premium mattresses is rising due to increasing disposable incomes, an ageing population, a surge in the number of homes built for single-occupancy and nuclear families, an enormous shift in consumer lifestyles, and a surge in the number of new homes built.
• Demand for memory foam mattresses remains higher because of their unique construction; memory foam mattresses can adjust to your body's temperature. As they absorb heat, they soften and become more malleable, easily conforming to the body's contours.
• The residential category held the highest luxury and premium mattress market revenue share in 2023.
• The Asia-Pacific luxury and premium mattress market will continue to lead, whereas the Middle East and Africa luxury and premium mattress markets will experience the most substantial growth until 2030.