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Europe Mattress Market Revenue Analysis by Product (Innerspring, Memory Foam, Latex), Size (Single, Double, Queen, King), Distribution Channel (Specialty Stores, Furniture Stores, Direct, Online), End Use (Residential, Commercial) u2013 Latest Trends and Growth Potential Through 2030
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The European Mattress Market Will Reach USD 14,382.8 Million By 2030 1 © Prescient & Strategic Intelligence Private Limited. All rights reserved
In 2022, the European mattress market was worth around USD 7,877.0 million, and it is projected to advance at a 6.9% CAGR from 2022 to 2030, hitting USD 14,382.8 million by 2030, according to P&S Intelligence. Download sample pages https://www.psmarketresearch.com/market-analysis/european-mattress- industry/report-sample This growth can be ascribed to rapid development united with supportive government strategies for real estate growth and the increasing hospitality and healthcare industries. In the coming few years, the online category is estimated to witness the fastest market development, on the bases of distribution channels. Customers are leaning more toward online platforms, to uphold social distancing and control COVID-19 infection. Additionally, in the market, store-based commerce is still mostly dominant; though, key manufacturers are focusing more on bettering their online attendance and having a competitive lead. Customers are leaning more toward tailored mattresses is one of the main trends being experienced in the industry. For example, Tempur Sealy International Inc. initiated to provide the personalization choice to clientele, where they can modify the firmness, thickness, and size of the mattress as per their requirements. As the physical structure of every client is different, like weight and height are different, modification provides improved support throughout sleep for diverse body kinds. Furthermore, with most mattresses existing in standard dimensions, they do not always perfectly fit in modified bed frames; thus, in such cases, a modified mattress is ideal. In 2021, France had the largest market share in the European mattress industry, credited to the high need for mattresses in the healthcare and hospitality sector of this report: 2 © Prescient & Strategic Intelligence Private Limited. All rights reserved
in the nation. Customers are listing sleep as a vital factor contributing to high- power levels, productivity, and happiness. Additionally, product inventions, including multifunctional beds with elevation adjustment features and electronic connectivity, boost the requirement for mattresses, particularly in hospitals. The per-capita income of people grew in the European Union overall by 15% between 2000 and 2009. Following the economic crisis, it reduced by approximately 3% from 2009 to 2013 and then gained by 12% between 2013 and 2019. In 2020, the development rate was 0.6%, following the effect of the COVID- 19 pandemic. Therefore, the increasing per-capita income has a positive effect on the demand for mattresses, as they are one of the basic requirements for humans. Browse the full report at: https://www.psmarketresearch.com/market- analysis/european-mattress-industry Additionally, numerous governments have measured homeownership as a vital rule and have, thus, incentivized it by making loan interest payments. For example, the reasonable homeownership system of the U.K. government is boosting the homeownership rate, which, ultimately, boosts the growth of the market. Hence, the rapid development united with supportive government strategies about real estate growth and the increasing hospitality and healthcare industries, are the major factors driving the European mattress industry. The research offers market size of Europe mattress market for the period 2017–2030. Market Segmentation by Product •Innerspring •Memory Foam •Latex 3 © Prescient & Strategic Intelligence Private Limited. All rights reserved
•Others (Gel, Hybrid, Air, and Water) Market Segmentation by Size •Single •Double •Queen •King Market Segmentation by Distribution Channel •Specialty Stores •Furniture Stores •Direct •Online •Others Market Segmentation by End Use •Residential •Commercial oHotel oHospital oOthers Market Segmentation by Country •Germany Mattress Market oBy product oBy size oBy distribution channel oBy end use •France Mattress Market oBy product oBy size oBy distribution channel oBy end use •Italy Mattress Market oBy product oBy size oBy distribution channel oBy end use •U.K. Mattress Market oBy product oBy size oBy distribution channel oBy end use •Spain Mattress Market oBy product oBy size oBy distribution channel oBy end use •Russia Mattress Market 4 © Prescient & Strategic Intelligence Private Limited. All rights reserved
oBy product oBy size oBy distribution channel oBy end use •Netherlands Mattress Market oBy product oBy size oBy distribution channel oBy end use •Poland Mattress Market oBy product oBy size oBy distribution channel oBy end use •Belgium Mattress Market oBy product oBy size oBy distribution channel oBy end use •Denmark Mattress Market oBy product oBy size oBy distribution channel oBy end use •Rest of Europe Mattress Market oBy product oBy size oBy distribution channel oBy end use o 5 © Prescient & Strategic Intelligence Private Limited. All rights reserved
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