The global latex mattress market size is anticipated to reach USD 12.4 billion by 2025, according to a new report by Radiant Insights, Inc., expanding at a CAGR of 6.8% over the forecast period. Growing preference for luxury lifestyle catering to better sleeping products is anticipated to fuel the growth of the market over the forecast period.
Latex mattress witnesses increasing demand as a result of growing incidences of back problems and joint pain due to poor quality mattress, resulting in inadequate sleep. Therefore, market witnesses increased spending on mattresses as a need to promote mental and physical health, which is expected to increase latex mattress market demand over the forecast period.
Latex mattress has the ability to heal natural alignment of spine and provides quality sleep owing to its comfort and cushioning properties. Thus, proper distribution of body pressure in order to support the natural spine curvature also helps in improving blood circulation, which ultimately acts as a bonus for health and wellness. It also helps in promoting pain relief and is recommended by osteopaths, therapists, and chiropractors.
Download Free Sample Report @ https://www.radiantinsights.com/research/latex-mattress-market/request-sample
In addition, increasing prevalence of backache issues and spinal misalignment has urged consumers to invest in quality mattresses, which, in turn, is expected to drive the demand for latex mattress. According to statistics, 27 million of Americans aging 18 years or older have been associated with back pain in 2017. Thus, sleeping on a poor quality mattress is expected to be one of the prominent reasons causing back pain in adults and adolescents across the world.
In addition, less of work life balance across young adults has increased the occurrence of various joint pain issues including backache, which is expected to positively impact the growth of the latex mattress market. Moreover, growth of the hospitality sector has increased the construction of hotels, which, in turn, is pushing up the demand for superior quality latex mattresses.
In terms of type, blended mix latex generated a revenue of USD 3.1 billion in 2018. The blend of natural latex in combination with synthetic latex helps the mattress in gaining properties such as more durability, lesser chemical production, and increased firmness consistency. Moreover, in order to provide a beneficial mix of both, companies produce mattress containing ratio of 60:40 or 70:30 natural vs synthetic according to the manufacturer's choice. Thus, this product gained popularity owing to various attributes and is also cheaper as compared to natural latex mattress.
In terms of application, the commercial sector is expected to witness the highest growth over the forecast period. Increasing infrastructural development across regions, particularly developing countries, is driving the hospitality sector such as hotels and hospitals. Rising demand for hospitals and hotels, particularly in countries such as India, China, and Vietnam is one of the major factors driving the market.
Thus, manufacturers are taking constant efforts in developing newer products in the market with upgraded technology so as to deliver the best of products in the segment. For instance, in October 2018,Innocor Inc. had launched an Amazon exclusive brand called Revel with its Innocor Foam Technologies, which serves commercial customers.
North America dominated the global market, accounting for 30.4% share of global revenue in 2018. Rise in the number of households catering to increasing home furnishing products and healthier lifestyle chosen by the consumers of the region is expected to drive the market. Moreover, growing importance of natural ingredients in mattress production, such as latex mattress helps in preventing spinal and muscle disorders, acts as a key driving factor.
Further key findings from the report suggest:
• The blended mix segment generated a revenue of USD 3.1 billion in 2018
• The commercial application segment is expected to expand at a CAGR of 7.1% over the forecast period
• Asia Pacific is the fastest growing region, expanding at a CAGR of 7.4% from 2019 to 2025
• Top players operating in the market include Sleep On Latex, Simmons Bedding Company LLC., Astrabeds LLC, Spindle, Dreamfoam Bedding, Sleep Number Corporation, PlushBeds, Royal-Pedic Mattress Mfg., and Spring Air International.
Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/latex-mattress-market
Table of Contents
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR's Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Latex Mattress Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Sales/Retail Channel Analysis
3.3.2. Profit Margin Analysis
3.4. Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis
3.4.3. Industry Challenges
3.4.4. Industry Opportunities
3.5. Business Environment Analysis
3.5.1. Industry Analysis - Porter's
3.5.1.1. Supplier Power
3.5.1.2. Buyer Power
3.5.1.3. Substitution Threat
3.5.1.4. Threat from New Entrant
3.5.1.5. Competitive Rivalry
3.6. Roadmap of Latex Mattress Market
3.7. Market Entry Strategies
Chapter 4. Consumer Behaviour Analysis
4.1. Consumer Trends and Preferences
4.2. Factors Affecting Buying Decision
4.3. Consumer Product Adoption
4.4. Observations & Recommendations
Chapter 5. Latex Mattress Market: Type Estimates & Trend Analysis
5.1. Type Movement Analysis & Market Share, 2018 & 2025
5.2. Blended Mix Latex
5.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
5.3. Natural Latex
5.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
5.4. Synthetic Latex
5.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
Continued…
Read all Reports of this category @ https://www.radiantinsights.com/catalog/consumer-goods
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Phone: (415) 349-0054
Toll Free: 1-888-928-9744
Address: 201 Spear Street 1100, Suite 3036,
City: San Francisco; State: California; Country: United States
Email: sales@radiantinsights.com
Website: https://www.radiantinsights.com/
Latex mattress witnesses increasing demand as a result of growing incidences of back problems and joint pain due to poor quality mattress, resulting in inadequate sleep. Therefore, market witnesses increased spending on mattresses as a need to promote mental and physical health, which is expected to increase latex mattress market demand over the forecast period.
Latex mattress has the ability to heal natural alignment of spine and provides quality sleep owing to its comfort and cushioning properties. Thus, proper distribution of body pressure in order to support the natural spine curvature also helps in improving blood circulation, which ultimately acts as a bonus for health and wellness. It also helps in promoting pain relief and is recommended by osteopaths, therapists, and chiropractors.
Download Free Sample Report @ https://www.radiantinsights.com/research/latex-mattress-market/request-sample
 |
| Latex Mattress Market |
In addition, increasing prevalence of backache issues and spinal misalignment has urged consumers to invest in quality mattresses, which, in turn, is expected to drive the demand for latex mattress. According to statistics, 27 million of Americans aging 18 years or older have been associated with back pain in 2017. Thus, sleeping on a poor quality mattress is expected to be one of the prominent reasons causing back pain in adults and adolescents across the world.
In addition, less of work life balance across young adults has increased the occurrence of various joint pain issues including backache, which is expected to positively impact the growth of the latex mattress market. Moreover, growth of the hospitality sector has increased the construction of hotels, which, in turn, is pushing up the demand for superior quality latex mattresses.
In terms of type, blended mix latex generated a revenue of USD 3.1 billion in 2018. The blend of natural latex in combination with synthetic latex helps the mattress in gaining properties such as more durability, lesser chemical production, and increased firmness consistency. Moreover, in order to provide a beneficial mix of both, companies produce mattress containing ratio of 60:40 or 70:30 natural vs synthetic according to the manufacturer's choice. Thus, this product gained popularity owing to various attributes and is also cheaper as compared to natural latex mattress.
In terms of application, the commercial sector is expected to witness the highest growth over the forecast period. Increasing infrastructural development across regions, particularly developing countries, is driving the hospitality sector such as hotels and hospitals. Rising demand for hospitals and hotels, particularly in countries such as India, China, and Vietnam is one of the major factors driving the market.
Thus, manufacturers are taking constant efforts in developing newer products in the market with upgraded technology so as to deliver the best of products in the segment. For instance, in October 2018,Innocor Inc. had launched an Amazon exclusive brand called Revel with its Innocor Foam Technologies, which serves commercial customers.
North America dominated the global market, accounting for 30.4% share of global revenue in 2018. Rise in the number of households catering to increasing home furnishing products and healthier lifestyle chosen by the consumers of the region is expected to drive the market. Moreover, growing importance of natural ingredients in mattress production, such as latex mattress helps in preventing spinal and muscle disorders, acts as a key driving factor.
Further key findings from the report suggest:
• The blended mix segment generated a revenue of USD 3.1 billion in 2018
• The commercial application segment is expected to expand at a CAGR of 7.1% over the forecast period
• Asia Pacific is the fastest growing region, expanding at a CAGR of 7.4% from 2019 to 2025
• Top players operating in the market include Sleep On Latex, Simmons Bedding Company LLC., Astrabeds LLC, Spindle, Dreamfoam Bedding, Sleep Number Corporation, PlushBeds, Royal-Pedic Mattress Mfg., and Spring Air International.
Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/latex-mattress-market
Table of Contents
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR's Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Latex Mattress Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Sales/Retail Channel Analysis
3.3.2. Profit Margin Analysis
3.4. Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis
3.4.3. Industry Challenges
3.4.4. Industry Opportunities
3.5. Business Environment Analysis
3.5.1. Industry Analysis - Porter's
3.5.1.1. Supplier Power
3.5.1.2. Buyer Power
3.5.1.3. Substitution Threat
3.5.1.4. Threat from New Entrant
3.5.1.5. Competitive Rivalry
3.6. Roadmap of Latex Mattress Market
3.7. Market Entry Strategies
Chapter 4. Consumer Behaviour Analysis
4.1. Consumer Trends and Preferences
4.2. Factors Affecting Buying Decision
4.3. Consumer Product Adoption
4.4. Observations & Recommendations
Chapter 5. Latex Mattress Market: Type Estimates & Trend Analysis
5.1. Type Movement Analysis & Market Share, 2018 & 2025
5.2. Blended Mix Latex
5.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
5.3. Natural Latex
5.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
5.4. Synthetic Latex
5.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
Continued…
Read all Reports of this category @ https://www.radiantinsights.com/catalog/consumer-goods
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Phone: (415) 349-0054
Toll Free: 1-888-928-9744
Address: 201 Spear Street 1100, Suite 3036,
City: San Francisco; State: California; Country: United States
Email: sales@radiantinsights.com
Website: https://www.radiantinsights.com/
No comments:
Post a Comment