Reveal 85+ Awe-inspiring Size Of Mattress Market In Us Voted By The Construction Association

The market size of mattresses in the US has been steadily growing over the past few years. With the rise in consumer demand for comfortable and supportive sleep products, the mattress industry has experienced significant growth. In fact, the US mattress market is expected to reach a value of $15.5 billion by 2025, according to a report by Grand View Research. This is a testament to the importance of a good night's sleep and the role that mattresses play in achieving it.

The US mattress market is one of the largest in the world, accounting for approximately 30% of the global market share. This is due to factors such as a large population, high disposable income, and a strong focus on health and wellness. The market size of mattresses in the US is expected to continue to grow, driven by technological advancements, changing consumer preferences, and the growing popularity of online mattress shopping.

In terms of volume, the size of the US mattress market is also significant. In 2019, it was estimated that over 40 million mattresses were sold in the country. This includes both traditional brick-and-mortar retail sales as well as online purchases. With the convenience and ease of online shopping, more and more consumers are turning to the internet to purchase their mattresses, contributing to the growth of the market size.

The mattress market size in the US can be further broken down by type and material. Innerspring mattresses are the most popular type, accounting for 42% of the market share. However, foam and hybrid mattresses are gaining traction, with foam mattresses expected to grow at a CAGR of 9.2% from 2020 to 2025. In terms of materials, memory foam and latex are the most commonly used, with natural and organic materials also gaining popularity.

The US mattress industry is a highly competitive market, with both established brands and new players vying for a share of the market. Some of the key players in the industry include Serta Simmons Bedding, Tempur Sealy International, and Purple Innovation. These companies are constantly innovating and introducing new products to meet the ever-changing demands of consumers, contributing to the growth of the industry size.

The size of the mattress industry in the US is not only influenced by consumer demand but also by external factors such as the state of the economy and housing market. A strong economy and high consumer confidence can lead to increased spending on big-ticket items such as mattresses, while a slowdown in the economy can have the opposite effect. However, the mattress industry has proven to be resilient, with sales remaining steady even during economic downturns.

Looking at the statistics of the US mattress market, it is clear that it is a vital sector of the economy. In 2018, the mattress industry contributed $7.2 billion to the US economy and supported over 66,000 jobs. It also paid $3.3 billion in wages and benefits to its employees, highlighting its importance as a major employer in the country.

The growth of the US mattress market is driven by the increasing demand for comfortable and supportive sleep products. With the rise in awareness of the importance of sleep for overall health and well-being, consumers are willing to invest in quality mattresses. This is evident in the sales figures, with mattress sales in the US reaching a record high of $16.5 billion in 2019, according to the Furniture Today 2020 Retail Planning Guide.

One of the key trends in the US mattress market is the shift towards online shopping. With the convenience and variety offered by online retailers, more and more consumers are choosing to purchase their mattresses online. This trend is expected to continue, with online mattress sales projected to reach $5.3 billion by 2023.

The growth of the US mattress market can also be attributed to advancements in technology and materials. From cooling gel-infused memory foam to adjustable bases and smart mattresses, manufacturers are constantly introducing new and improved products to meet the evolving needs of consumers. This has not only contributed to the growth of the market but has also led to a more diverse and competitive industry.

In conclusion, the US mattress market is a significant and thriving industry, driven by consumer demand for comfortable and supportive sleep products. With a projected growth rate of 6.8% from 2020 to 2025, it is clear that the market size of mattresses in the US will continue to expand, making it an important sector of the economy to watch.