Global Sleeping Mattress Market to reach $39.9 billion by 2027: Allied Market Research
According to the report published by Allied Market Research, the global sleeping mattress market generated $33.2 billion in 2019, and is projected to reach $39.9 billion by 2027, witnessing a CAGR of 5.2% from 2021 to 2027. The report offers a detailed analysis of changing market trends, top segments, value chain, key investment pockets, regional landscape, and competitive scenario.
Rapid urbanization and expansion of the hospitality industry, rise in prevalence of back and posture-related concerns, and ongoing innovations drive the growth of the global sleeping mattress market. However, surge in prevalence of bed allergies and availability of counterfeit products hinder the market growth. On the other hand, recycling activities of mattresses and health monitoring through sleeping mattresses present new opportunities in the coming years.