“Electric Mattress Market: Global Demand, Growth Analysis & Opportunity Outlook 2023”
The global electric mattress market is segmented into product type such as single size mattress, double size mattress, queen size mattress and king size mattress. Among all sub-segments of product type, double size mattress segment is projected to grow at a noteworthy pace over the forecast period. Further, the major adoption of electric mattress in houses is a key factor which is fostering the growth of this segment.
Global electric mattress market is expected to thrive at a notable CAGR over the forecast period. Moreover, the Global Electric Mattress Market was valued at USD 5.4 Billion in 2015 and is expected to reach at notable revenue by the end of 2024. The market is expected to expand on the back of increasing disposable income of the consumers and rising adoption of advanced technologies across the globe. Furthermore, the demand for electric mattresses is very high in cold countries and is anticipated to remain high in upcoming years.
The Europe electric mattress market is the most opportunistic and revenue generated market for electric mattress manufacturing industries owing to rising demand of electric mattress in this region. Long winter weather in European countries is a major factor which is encouraging the adoption of electric mattress in this region. Europe is the major consumer of electric mattress across the globe.
Technological Advancements
High competitiveness in market is a major reason which is why manufacturers of electric mattresses are advancing their electric mattress in order to increase the sales of their products. Further, ongoing R&D activities by leading manufacturers in order to provide high end electric mattress to the consumers is also envisioned to bolster the market of electric mattress in upcoming years.
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Improving Standard of Living
Swelled personal disposable income of the consumers have encouraged them to spend on luxurious products along with rising expansion urban regions all over the globe have augmented the demand for lavish products such as electric mattress. This factor is anticipated to foster the growth of electric mattress market in upcoming years. However, a part of world population prefers to use electric blankets rather than electric mattress. Further, high cost of electric mattress and presence of alternatives are some of the factors that are likely to obstruct the growth of the electric mattress market in the near future.
The report titled “Electric Mattress Market : Global Demand, Growth Analysis & Opportunity Outlook 2023” delivers detailed overview of the global electric mattress market in terms of market segmentation by size, by end-user and by region. Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
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This report also provides the existing competitive scenario of some of the key players of the global electric mattress market which includes company profiling of Soft Heat Co., Sunbeam Quilted, Biddeford, Luxurest LLC, Beautyrest, Electrowarmth and Holmes. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global electric mattress market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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