Adjustable Beds & Mattress Market Report 2024 by Delvens offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The global Adjustable Beds & Mattress market size was estimated at USD 7.3 billion in 2023 and is projected to reach USD 12.7 billion in 2030 at a CAGR of 8.3% during the forecast period 2023-2030.
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Adjustable beds allow the user to recline at various angles and positions in accordance with their needs. This can alleviate the persistent pain that sciatica, arthritis, and other illnesses might cause. By giving the user a variety of leg and head positions to select from, the user may relieve pressure on injured joints as they sleep, leading to less discomfort and better movement the following day. Raising the lower body or upper back may assist the person in regaining mobility and improving circulation. Designs that enhance sleeping positions and can provide foot warming to draw in a larger customer base along with raising consumer awareness of the product's advantages will further contribute by creating enormous opportunities that will fuel the growth of the adjustable beds and Mattress market.
Age-related population growth is accelerating worldwide. According to UN estimates, 703 million people in the world were 65 or older in 2019. By 2050, 1.5 billion people are expected to be elderly citizens. Globally, the proportion of individuals 65 and older rose from 6% in 1990 to 9% in 2019. By 2050, the ratio is predicted to rise to 16%, which would indicate that 1 in 6 individuals worldwide will be 65 or older.
Delvens Industry Expert's Standpoint
One tactic used by hoteliers to entice more guests is the remodeling of hotels and restaurants, which has resulted in a sharp rise in retail furniture sales. Over the projected period, the adjustable beds category is expected to maintain its dominance. This section includes single and double beds of various sizes. In order to preserve the power reclining and the headrest, consumers choose adjustable bases that fit into the bed frames. North America accounted for the greatest revenue share in 2021 as a result of the global aging population and the growth in back pain patients. Manufacturers are offering cutting-edge technologies that offer good functionality and are put into a variety of bed and mattress designs. Due to advancements in mattresses like AirFoamTM, modern mattress technology and individual sleep goals may be harmonized.
Competitive Landscape
· Amerisleep
· Boyd Sleep
· Ergomotion
· Glideaway
· Leggett & Platt, Inc.
· Serta, Inc.
· Southerland Sleep
· Tempur Sealy International, Inc.
· The Sleepwell Company
· Sealy Technology LLC
· Sleep Number Corp.
· Craftmatic Adjustable Beds
· Reverie
· Ergomotion
· Primo International
· Rize
· Classic Brands
· Kingsdown
· Silentnight group
· Simmons bedding Company LLC
· Casper Sleep
· Hilding Anders
· Saatva
· King koil
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Regional Analysis
North America to Dominate the Market
In terms of revenue, the market for adjustable beds and mattresses in 2021 was dominated by North America.
the application of stringent regulations to the development of suitable equipment and infrastructure for local health systems.
Key Findings:
· Based on Product segment, The market for adjustable beds and mattresses is divided into two categories based on the product: adjustable beds and adjustable mattresses. In 2021, the adjustable beds & mattress market had a substantial revenue share from the adjustable mattress sector.
· Based on End-User, The Adjustable Beds & Mattress Market is divided into Residential and Non-residential categories based on End User. In 2021, the non-residential market for adjustable beds and mattresses recorded a sizable revenue share.
· Based on Distribution channel, The Adjustable Beds & Mattress Market is segmented into Offline and Internet based on Distribution Channel. In 2021, the market for adjustable beds and mattresses had the biggest revenue share earned by the offline sector.
Recent Developments
· In March 2023, Serta Simmons Bedding announced the acquisition of a controlling interest in foam manufacturer, Carpenter Co.
· In January 2023, Adjustable bed manufacturer, Ergomotion, announced a partnership with purple to develop a new line of adjustable mattresses.
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In addition to the market data for the Adjustable Beds & Mattress Market, Delvens offers client-centric reports customized according to the company’s specific demand and requirements.
Frequently Asked Questions:
What are the years considered to study Adjustable Beds & Mattress Market intelligence report?
The Adjustable Beds & Mattress Market is studied from 2023-2030.
What is the compound annual growth rate (CAGR) of the Adjustable Beds & Mattress Market?
The Adjustable Beds & Mattress Market is growing at a CAGR of 8.3% during the forecast period.
Which region holds the largest market share in Adjustable Beds & Mattress Market?
North America holds the highest share in 2022 for Adjustable Beds & Mattress Market.
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