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The air mattress and beds market size is estimated to increase by USD 95.23 million, growing at a CAGR of 8.8% between 2023 and 2027. The growth of the market depends on several factors, including the increase in online retailing, the growth of the real estate and construction industry, and the growing urbanization and consumer inclination toward nuclear families.
It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The increase in online retailing is notably driving the market growth, although factors such as growing demand for fluctuations in raw material prices market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
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 global market will grow 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.
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.
Global Air Mattress and Beds Market 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 shows a gradual increase in the market share of USD 89.61 million in 2017 and continue to grow by 2021. 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 43% 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 2022. 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 report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the market growth and trends opportunities from 2017 to 2027.
The Market is witnessing significant growth, driven by factors such as portability, customer preference, and the global pandemic. Consumers are increasingly opting for inflatable mattresses and sleeping pads for their camping trips and indoor and outdoor use, thanks to their space-saving features and easy-to-fit designs.
The market offers a wide range of products, from full-size inflatable mattresses to twin size air mattresses, catering to different customer needs. Major players like Kurlon are incorporating Kurlopedic technology to offer health benefits, including optimal support and better blood flow, which are particularly beneficial for those with acute back problems or joint injuries. Hotels such as JW Marriott, Hilton, and Hyatt are also embracing air mattresses for their extra beds and space-saving features. The market's growth is further fueled by the increasing demand from urban households and the availability of products in various retail outlets, including supermarkets, hypermarkets, and convenience stores.
The Air Mattress and Beds Market industry witnesses a surge in demand driven by the odor-free nature, durability, and user convenience of air mattresses. With the ability to inflate within minutes and cater to various capacity needs, they address the popularity of space-saving solutions in urban regions and households with small size of rooms. Their benefits extend beyond comfort, offering pressure alleviation, improved blood circulation, and relief for back pain sufferers by supporting bones and joints while promoting better posture. In the commercial sector, including hospitals, vacation spots, and hotels, air mattresses serve as versatile extra beds, catering to diverse market clientele. Despite concerns about air leaks and Polyvinyl chloride materials, the market spans across mid-range, high, and premium segments, with offline retail, online retail, and specialty stores offering a wide range of product offerings. D2C start-ups leverage e-commerce stores and social media campaigns to reach consumers, especially the working population seeking solutions for sleep-related disorders and embracing a healthy lifestyle amidst urbanization and changing preferences among home buyers. In developing countries, including China, competition from substitutes challenges air mattress providers, but strategic partnerships with retailers and the D2C route ensure market presence and accessibility to consumers across different income levels.
Air Mattress and Beds Market Scope |
|
Report Coverage |
Details |
Page number |
156 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.8% |
Market growth 2023-2027 |
USD 95.23 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
7.96 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 43% |
Key countries |
US, Canada, China, India, and Germany |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, 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 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 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 Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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