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Mattresses Market in Europe Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2020-2024

  • Published: Apr 2020
  • Pages: 120
  • SKU: IRTNTR40464
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The mattresses market share in Europe is expected to increase by USD 741.92 million from 2019 to 2024, and the market's growth momentum will accelerate at a CAGR of 3%. This mattresses market in Europe research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The mattresses market in Europe report also offers information on several market vendors, including Airsprung Group Plc, Breckle GmbH Matratzenfabrik, Casper Sleep Inc., Hilding Anders International AB, King Koil Licensing Co. Inc., Recticel Group, Royal Auping BV, Serta Simmons Bedding LLC, Silentnight Group Ltd., and Tempur Sealy International Inc. among others. Furthermore, this report extensively covers mattresses market segmentation in Europe by type (innerspring, memory foam, and others) and geography (Germany, France, the UK, and Rest of Europe).

What will the Mattresses Market Size in Europe be During the Forecast Period?

Mattresses Market Size

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Mattresses Market in Europe: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The growth of healthcare and hospitality sectors is notably driving the mattresses market growth in Europe, although factors such as the fluctuations in raw materials prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the mattresses industry in Europe. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Mattresses Market Driver in Europe

One of the key factors driving growth in the mattresses market in Europe is the growth of healthcare and hospitality sectors.The demand for mattresses is high in the healthcare and hospitality sectors in Europe. In the healthcare industry, the demand for mattresses is increasing in nursing homes, clinics, and hospitals. The key players in the mattresses market in Europe have launched convenient, multifunctional hospital beds that are characterized by height-adjustment and electronic-connectivity features. For these types of hospital beds, specialized mattresses are required. Europe's healthcare industry is driven by an expanding aging population base, prevalence of chronic diseases, rising expenditure in the healthcare sector (especially in the private hospital sector), and increasing demand for patient-focused healthcare. The size of the aging population base (population of individuals aged 65 years and above) in the region is expected to reach 220 million by 2050.

Key Mattresses Market Trend in Europe

The increasing awareness about sleep is naother factor supporting the mattresses market share growth in Europe. Lately, a large percentage of Europe's population is increasingly aware of the benefits of quality sleep. An increase in sleep-awareness programs further enhances the demand for products such as premium and customized mattresses. The demand for high-quality mattresses has correspondingly risen. The Sleep Council, based out of the UK, is an advisory organization that focuses on enhancing sleep quality and creating a favorable sleep environment. The organization identified that the purchase of a premium mattress increases the average sleeping duration of an individual by three-fourth of an hour. Several key marketing players have launched awareness campaigns that are focused on the need for quality sleep patterns. Increased awareness about the potential hazards associated with deteriorating sleep quality further leads to increased sales of mattresses. Such side effects include drowsiness, backaches, obesity, cardiac ailments, premature aging, memory issues, and weakened immune systems.

Key Mattresses Market Challenge in Europe

The fluctuations in raw materials prices will be a major challenge for the mattresses market in Europe during the forecast period. Fluctuating raw material costs have increased the complexity associated with the manufacture of mattresses. Such fluctuations may lead to uncertainties in the execution of manufacturing plans. This negatively impacts the sale of mattresses in Europe. Such uncertainties in raw material costs impact the supply-demand balance as well. High manufacturing costs, too, negatively impact the market by increasing the costs of end products. This may have a negative impact on product sales and vendor revenues. The fire that happened at the BASF factory in Lampertheim, Germany, resulted in a significant raw material shortage, which led to a raw material price hike of about 70%. Raw material suppliers in China benefited significantly from the situation.

Parent Market Analysis

Technavio categorizes the mattresses market in Europe as a part of the global home furnishings market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the mattresses market in Europe during the forecast period.

Who are the Major Mattresses Market Vendors in Europe?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

  • Airsprung Group Plc
  • Breckle GmbH Matratzenfabrik
  • Casper Sleep Inc.
  • Hilding Anders International AB
  • King Koil Licensing Co. Inc.
  • Recticel Group
  • Royal Auping BV
  • Serta Simmons Bedding LLC
  • Silentnight Group Ltd.
  • Tempur Sealy International Inc.

 

This statistical study of the mattresses market in Europe encompasses successful business strategies deployed by the key vendors. The mattresses market in Europe is fragmented and the vendors are deploying growth strategies such as implementing novel technologies and launching new product solutions with the help of increased R&D investments to compete in the market.

Product Insights and News

  • Hilding Anders International AB - Key products offered by the company include BAYGARD WRS mattress.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The mattresses market in Europe forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Mattresses Market in Europe Value Chain Analysis

Our report provides extensive information on the value chain analysis for the mattresses market in Europe, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of  the global home furnishings market includes the following core components:

  • Raw material and input suppliers 
  • Manufacturing companies
  • Traders,
  • Distributors
  • Retailers
  • Consumers

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Mattresses Market in Europe?

Mattresses Market Market segmentation by region

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55% of the market's growth will originate from Rest of Europe during the forecast period. Market growth in this region will be faster than the growth of the market in other regions.

This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Type Segments in the Mattresses Market in Europe?

Mattresses Market Segmentation

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The mattresses market share growth in Europe by innerspring segment will be significant during the forecast period. In comparison to memory foam mattresses, innerspring mattresses facilitate smooth airflow and offer enhanced cooling properties. The mattresses possess cost-advantage benefits as well. The innerspring mattresses market in Europe is anticipated to witness consistent growth during the forecast period due to the above-mentioned advantages.

This report provides an accurate prediction of the contribution of all the segments to the growth of the mattresses market size in Europe and actionable market insights on post COVID-19 impact on each segment.

 

Mattresses Market Scope in Europe

Report Coverage

Details

Page number

120

Base year

2019

Forecast period

2020-2024

Growth momentum & CAGR

Accelerate at a CAGR of 3%

Market growth 2020-2024

USD 741.92 million

Market structure

Fragmented

YoY growth (%)

2.45

Regional analysis

Europe

Performing market contribution

Rest of Europe at 55%

Key consumer countries

Germany, France, UK, and Rest of Europe

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Airsprung Group Plc, Breckle GmbH Matratzenfabrik, Casper Sleep Inc., Hilding Anders International AB, King Koil Licensing Co. Inc., Recticel Group, Royal Auping BV, Serta Simmons Bedding LLC, Silentnight Group Ltd., and Tempur Sealy International Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Mattresses Market in Europe Report?

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive mattresses market growth in Europe during the next five years
  • Precise estimation of the mattresses market size in Europe and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the mattresses industry in Europe across Germany, France, UK, and Rest of Europe
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of mattresses market vendors in Europe

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five Forces Summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Type

  • Market segments
  • Comparison by Type placement
  • Innerspring - Market size and forecast 2019-2024
  • Memory foam - Market size and forecast 2019-2024
  • Others - Market size and forecast 2019-2024
  • Market opportunity by Type

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • Germany - Market size and forecast 2019-2024
  • France - Market size and forecast 2019-2024
  • UK - Market size and forecast 2019-2024
  • Rest of Europe - Market size and forecast 2019-2024
  • Market opportunity by geography
  • Drivers, Challenges, and Trends
  • Market drivers
  • Volume driver - Demand led growth
  • Volume driver - Supply led growth
  • Volume driver - External factors
  • Volume driver - Demand shift in adjacent markets
  • Price driver - Inflation
  • Price driver - Shift from lower to higher-priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Airsprung Group Plc
  • Breckle GmbH Matratzenfabrik
  • Casper Sleep, Inc.
  • Hilding Anders International AB
  • King Koil Licensing Co. Inc.
  • Recticel Group
  • Royal Auping BV
  • Serta Simmons Bedding LLC
  • Silentnight Group Ltd.
  • Tempur Sealy International Inc.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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Mattresses Market market growth will increase by $741.92 million during 2019-2024.
The mattresses market market is expected to grow at a CAGR of 2.75% during 2019-2024.
Technavio has segmented the mattresses market market by type (Innerspring, Memory foam, and Others) and geographic (Germany, France, and Rest of Europe).
Airsprung Group Plc, Breckle GmbH Matratzenfabrik, Casper Sleep Inc., Hilding Anders International AB, King Koil Licensing Co. Inc., Recticel Group, Royal Auping BV, Serta Simmons Bedding LLC, Silentnight Group Ltd., Tempur Sealy International Inc. are a few of the key vendors in the mattresses market market.
Germany will register the highest growth rate of 51.28% among the other regions. Therefore, the mattresses market market in Germany is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the mattresses market market growth are:
  • Growth of healthcare and hospitality sectors
  • Increasing number of social VR spaces
The mattresses market market vendors should focus on grabbing business opportunities from the innerspring segment as it accounted for the largest market share in the base year.
  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?
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