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The Europe mattress market size is forecast to increase by USD 3.67 billion at a CAGR of 6.62% between 2023 and 2028.
The market report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for 2024-2028, as well as historical data from 2018-2022 for the following segments.
In Europe, the market caters to both commercial and household sectors. The offline distribution channel, which encompasses physical stores, is a preferred choice for purchasing mattresses. This segment includes specialty stores, hypermarkets, supermarkets, and department stores. Among these, specialty stores, which consist of company-owned outlets, franchises, and third-party retailers, generate the highest revenue. The growth of this segment can be attributed to the increasing popularity of home care specialty retail stores. Manufacturers invest significantly in marketing, advertising, and promotional activities at these retailers to boost product and brand visibility. Consumers prefer buying from physical stores due to immediate access to the product.
Furthermore, this retail format includes adjustable beds that cater to various sleep positions and address conditions like sleep apnea. Sales staff at these stores offer expert advice, ensuring customers make informed decisions.
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The offline segment was valued at USD 6.10 billion in 2018 and showed a gradual increase during the forecast period.
Our researchers analyzed the data with 2023 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 growth of the healthcare and hospitality sectors is the key driver of the market.
Increasing awareness about the importance of sleep is the upcoming trend in the market.
The importance of a restful night's sleep for overall well-being and health is becoming increasingly recognized, with chronic sleep deprivation, jet lag, and breathing problems being identified as major health concerns. As a result, the market for mattresses is expected to continue growing, offering consumers a wide range of options to help them achieve the best possible sleep quality. Maxim Mattress, Wakefit, and other key players in the market are investing in research and development to create innovative mattress designs and materials that cater to the unique needs of different consumers. Physical trials and sleep health education programs are also being offered to help consumers make informed decisions and ensure they are getting the best possible sleep experience.
Fluctuating raw material prices and high manufacturing costs of mattress is a key challenge affecting the market growth.
Luxury mattresses with cooling properties and comfort options are also gaining popularity. The market offers foam mattresses, hybrid mattresses, and innerspring mattresses, each with unique benefits. Adjustable beds and smart beds with features like fire sticks TVs and smart home integration further enhance the sleeping experience. Despite these advancements, the high manufacturing costs and limited availability of natural raw materials pose challenges to the market. The European mattress market continues to evolve, with sales staff in physical stores and department stores providing guidance to consumers seeking the perfect mattress for their needs. The importance of a restful night's sleep for overall well-being and productivity is increasingly recognized, making the market an essential component of the household and commercial sectors.
The market forecasting 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 market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, market forecast partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies 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 companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
In today's urbanized world, prioritizing health and wellness is more important than ever. Specialized mattresses, such as orthopaedic and foam, spring, latex, and hybrid options, offer various sizes and firmness levels to ensure a comfortable sleeping surface. These mattresses provide essential support for weight distribution and pressure point relief, leading to improved sleep quality and overall well-being. Urban living can lead to chronic sleep deprivation, jet lag, and breathing problems. To combat these issues, consider investing in a mattress that caters to your unique needs. Foam mattresses offer cooling properties and pressure relief, while innerspring mattresses provide traditional support.
Further, adjustable beds and smart beds can accommodate different sleep positions and even help those with sleep apnea or acid reflux. Maximize your restful night's sleep with specialized mattresses. Choose from luxury options, such as Maxim Mattress, or explore affordable alternatives. Physical stores and sales staff are available for in-person consultations, while online shopping offers the convenience of AR technology and the comfort of your own home. Size matters, and so does your lifestyle. Whether you're in the commercial or household sector, there's a mattress to fit your needs. Upgrade your sleeping experience and prioritize your health with the perfect mattress for you.
Market Scope |
|
Report Coverage |
Details |
Page number |
140 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.62% |
Market growth 2024-2028 |
USD 3.67 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
6.36 |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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