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The air mattress and beds market size is estimated to increase by USD 111.1 million, growing at a CAGR of 9.39% between 2023 and 2028. The market's expansion hinges on several critical factors. Firstly, the rise of online retailing is reshaping consumer behavior, driving demand for efficient logistics and storage solutions. Secondly, the robust growth in the real estate and construction sector is fueling demand for building materials, equipment, and related services. Thirdly, increasing urbanization trends are creating a shift towards smaller, nuclear families, influencing housing preferences and consumption patterns. These demographic shifts impact market dynamics, emphasizing the need for adaptable products and services. Moreover, technological advancements in smart home solutions and sustainable construction practices are shaping market trends. As these factors converge, businesses are poised to capitalize on opportunities that cater to evolving consumer needs and market demands, driving sustained growth across diverse sectors.
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The market is experiencing robust growth driven by several key factors. Consumer preferences for full-size, twin size, king size, and queen size options are expanding alongside the trend towards small room sizes in urban areas and holiday homes. Inflatable mattress technology continues to evolve, offering enhanced stiffness and comfort through advanced water props, rubber, and plastic materials in sleeping pads and medicated air mattress variants. These products cater to camping trips and space-saving solutions for nuclear families and those embracing a healthy lifestyle. Innovative designs featuring inner chambers ensure durability and support, appealing to a diverse market seeking versatile sleeping beds. As demand surges for portable, versatile sleeping solutions, the Air Mattress and Beds market is poised for continued expansion and technological innovation.
The increase in online retailing is notably driving the market growth. The growing availability of the Internet and the high availability of smart gadgets have increased consumer access to online shopping platforms. Vendors and retailers are using online platforms to expand their geographical reach and consumer base. The growth in the market for online air mattresses and beds is also stimulated by the convenience of shopping over the Internet, as well as additional business transaction capabilities available through e-commerce platforms. The growing popularity of selling their products on the Internet at home is leading to an increase in sales by small and regional market players. In comparison to offline retailing, online shopping has better customer reach.
Moreover, factors like easy accessibility, user-friendly websites, multiple payment options, and accurate reviews and ratings from customers who have already purchased and used the product will make the online retailing sector more convenient and more promising, during the forecast period, demand will grow further as a result of online sales. A key factor for market growth is the increased number of internet users, increasing consumer confidence in online shopping, fast shipping services, and changing preferences among consumers. Therefore, all such factors associated with online purchasing and increasing online retailing will drive the demand. As a result, the market growth and trends during the forecast period.
The increasing end-user preference for customized is a primary trend in the market. Vendors operating in the global market follow various strategies to increase the adoption of their products among both commercial and individual end-users. One of these strategies is the offer of tailor-made mattress models. To fulfil their customers' specific needs in terms of convenience and assistance, as well as establish strong client relationships, suppliers need to offer such personalized models as an additional service.
Additionally, people suffering from back problems require additional support when sleeping, which can be obtained through mattress modification. Moreover, online platforms offered by suppliers also enable them to offer customization. All such factors will drive the growth of the global market during the forecast period.
The fluctuation in raw material prices is a major challenge faced by the market. Fluctuating raw material costs have increased the complexity associated with the manufacture. These fluctuations could lead to a lack of predictability in the implementation of production plans. This harms worldwide sales of air mattresses and beds. This uncertainty in raw material prices harms the balance of demand and supply. High manufacturing costs negatively impact the market due to the high prices of end products. This may have a negative impact on product sales and vendor revenue.
Further, the growth prospects of the global market are dependent on the global petrochemicals market. Petroleum-based polyurethane is a key raw material. The prices of petrochemicals are dependent on the prices of natural gas and crude oil. Crude oil price increases were due to supply-demand imbalances and uncertain political conditions in the Middle East. Consequently, fluctuations in raw material costs will have a negative effect on the sales of these which are likely to hamper their growth over the forecast period.
The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Alps Brands - The company offers Vertex Queen air mattresses.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market players, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize players as dominant, leading, strong, tentative, and weak.
The market share growth by the commercial segment will be significant during the forecast period. In particular, the commercial industry is at the heart of the demand. The use of these products for commercial purposes is made in hotels, hospitals, detention facilities, and other places where portable easy-to-store sleep solutions are needed. During the forecast period, markets will grow at the same time as the hospitality sector is expanding and the popularity of outdoor activities increases.
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The commercial segment showed a gradual increase in the market share of USD 95.70 million in 2018. Consumer preferences have shifted toward the most comfortable and super-luxurious beds in holiday destinations, especially in hotels and resorts. Consequently, in many hotels and resorts, there is wide use. Demand for new air mattresses and beds at hotels and resorts will rise as a result of the growth in tourism and hospitality. Therefore, such factors will drive the demand in the commercial segment of the global market during the forecast period.
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APAC is estimated to contribute 44% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
Countries such as India, China, and Japan are the major contributor in terms of revenue to the growth of the regional market in 2023. The region's real estate sector has been growing at an exponential rate. As the region consists of many nuclear families that have shown a keen interest in building new structures, there has been an increasing number of residential buildings over recent years. This is part of a trend in urbanization that has been taking place across the region.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Million" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
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The market has gained significant popularity in recent years due to their odor-free nature, durability, and user convenience. These inflatable products offer pressure alleviation, ensuring better blood circulation and posture alignment, making them ideal for individuals suffering from back pain, bones, and joint issues. Hotels and hospitals are major consumers of air mattresses and beds, catering to the needs of international tourists and patients. Wellness tourism and vacation spots also contribute to the market growth, as these spaces prioritize offering comfortable accommodations for their guests. The air mattress and beds market encompasses various product offerings, including those designed for extra beds, outdoor sites, and even super-luxurious beds. Traditional mattresses, although popular, face competition from these space-saving inflatable alternatives. Durability is a crucial factor in the market, with manufacturers focusing on using Polyvinyl Chloride (PVC) materials to prevent air leaks and ensure longevity.
Additionally, the convenience of these products extends to their ease of availability through convenience stores, retail outlets, real estate, e-commerce stores, and online shopping. The market is segmented into commercial application and household application segments. The commercial application segment includes hotels, hospitals, and other institutional buyers, while the household application segment caters to individual consumers. Air mattresses and beds offer a cost-effective solution for accommodating extra guests, with some products featuring pre-installed pumps for added convenience. However, concerns regarding the potential presence of dangerous contaminants in PVC materials may impact the market's growth. In conclusion, the air mattress and beds market is poised for continued growth, driven by the increasing demand for comfortable, space-saving, and convenient solutions for back pain sufferers, travelers, and households.
Market Scope |
|
Report Coverage |
Details |
Page number |
158 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.39% |
Market Growth 2024-2028 |
USD 111.1 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
8.36 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 44% |
Key countries |
US, China, Germany, India, and Canada |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Alps Brands, Bestway Inflatables and Material Corp., Drive DeVilbiss Healthcare Ltd., Elanor Surgicals, Englander Sleep Products, Exxel Outdoors LLC, Hospital Equipment Manufacturing Co., King Koil Licensing Co. Inc., LunoLife Inc., Newell Brands Inc., Relief-Mart Inc., Restwell Sleep Products, Saif Care, Silverline meditech Pvt. Ltd., Sleep Judge, SoundAsleep Products, Spring Air International, STE, Tempur Sealy International Inc., and Wenzel |
Market dynamics |
Parent market growth analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the market forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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