The global market for Smart Mattress estimated at US$ 121.2 Million in the year 2022, is projected to reach a revised size of US$ 254 Million by 2030, growing at a CAGR of 9.7 percent over the analysis period 2022-2030, according to report by Research and Markets.
Offline, one of the segments analyzed in the report, is projected to record 9.4 percent CAGR and reach US$ 211.5 million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Online segment is readjusted to a revised 11.3 percent CAGR for the next 8-year period.
The Smart Mattress market in the U.S. is estimated at US$ 36.9 million in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$ 43.5 million by the year 2030 trailing a CAGR of 9.2 percent over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.9 percent and 8 percent respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 7.9 percent CAGR.
IBIA EXPO 2023 held at Istanbul from Sept. 28 to Oct. 1
Turkey is emerging as a key player in the mattress production sector with a potential value of US$ 40 billion and providing employment for approximately 25,000 people. The Turkish mattress industry ranks 14th in global production and export rankings, according to a Furniture world report.
In the bed sub-industry sector of Turkey, it is projected that by the end of 2023, production will reach US$ 4 billion and exports will reach US$3 billion. The IBIA EXPO, organized by BİFAŞ in collaboration with IBIA (International Mattress Industry Association), aims to boost exports and trade volume. The expo was conducted from September 28 to October 1, 2023, at the Istanbul Expo Center and was visited by industry professionals and thousands of visitors.
The expo showcased a wide range of products and technologies related to mattress production, including production lines, fabrics, materials, and machinery. IBIA EXPO 2023, organized by BİFAŞ, is swiftly gaining international recognition as the sole trade fair of its kind. Manufacturers from Turkey and around the world attend to enhance production efficiency and trade. Professionals, including high-level executives and company owners had attended the expo to make business deals and explore new products and technologies. This international fair had showcased the latest technologies and serving as an export platform. It facilitated meetings between buyers and brands, particularly from 14 target countries.
King Koil announces the launch its first showroom at Al Khobar in Saudi Arabia
After its successful launch in Riyadh and Jeddah, King Koil has announced the opening of its first showroom at Al Khobar in Saudi Arabia. With this showroom, King Koil aims to bring an exceptional sleep experience to the heart of Al Khobar.
The showroom will showcase the latest collection of King Koil mattresses and beds, including the King Koil Intimate Collection mattresses, ‘Embrace’ and ‘Affinity’. The Intimate Collection features innovative technologies, including the Smart Cushion Aero System (SCAS) for enhanced air flow and cushioning, iFusion for temperature regulation, and Mega Foam for ecofriendliness and comfort.