Market Research Future (MRFR) has published a cooked research report on the “Global Smart Mattresses Market” that contains information from 2018 to 2032. The smart mattresses market is estimated to register a CAGR of 10.90% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global Smart Mattresses market — Coway Co Ltd., Sleep Number Corporation, Tempur Sealy International, Eight Sleep, Purple Innovation, Sleepace, Nectar Sleep, Bedgear, PranaSleep, Sleep Republic.
Smart Mattresses Market Highlights
The global Smart Mattresses market is accounted to register a CAGR of 10.90% during the forecast period and is estimated to reach USD 3.5552 billion by 2032.
The growing awareness and emphasis on personal health and well-being. Smart mattresses equipped with sensors and advanced technology, offer individuals the ability to monitor and enhance their sleep quality. The rise of the Internet of Things (IoT) and the integration of smart home technologies have further propelled the smart mattress market. further, the customization and comfort offered by smart mattresses are driving their adoption and minimizes disturbances for partners with different sleep preferences. The demand for innovative sleep solutions continues to fuel the development and expansion of the smart mattress industry.
Segment Analysis
The global Smart Mattresses market has been segmented based type and distribution channel.
On the basis of type, the market is segmented into Foam, Hybrid, Innerspring, Latex, Water Bed, Air Bed, Adjustable Bases and Others. The innerspring segment was attributed to holding the largest market share in 2022, owing to the increased issues with back problems related to uncomfortable sleeping surfaces.
Based on distribution channel, the global Smart Mattresses market has been segmented into Offline and Online. The offline segment was anticipated to hold the largest market share in 2022, because of the expanding retail stores and electronic outlets.
Regional Analysis
The global Smart Mattresses market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Smart Mattresses market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Smart Mattresses market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Smart Mattresses market comprises of Middle East, Africa, and Latin America.
The largest market share for Smart Mattresses was maintained by the North American regional sector. This is due to the presence of large and technologically savvy consumer base that is quick to adopt innovative products and embrace the latest advancements in sleep technology. It is home to several prominent manufacturers and tech companies specializing in sleep technology and smart home integration. Further, the well-established e-commerce infrastructure in the region, high disposable income levels and willingness to invest in premium products and increased focus on health and wellness are driving the market in this region.
Moreover, the Europe market has been persistently growing over the forecast period. There is growing awareness of the importance of sleep quality and overall well-being among European consumers. The rising adoption of smart home technologies and the IoT. Further, the consumers in this region appreciates the customization and personalization options that smart mattress offer.
Additionally, the Asia Pacific region is anticipated to experience the fastest growth in the market during the forecast period. The region is home to most populous countries in the world, as these countries undergo rapid urbanization and a rising middle class, there is a surging awareness of health and wellness. The increasing disposable income in these markets allows the consumers to invest in smart home technologies. These dynamics position the Asia Pacific as a highly promising and rapidly growing market.
Furthermore, the rest of the world's Smart Mattresses market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the region's rising awareness of the importance of sleep and wellness with urbanization and changing lifestyle. Government support, a rise in investor interest, and the viability of the technology in the sector are all contributing factors to the market expansion.
Key Findings of the Study
- The global Smart Mattresses market is expected to reach USD 3.552 billion by 2032, at a CAGR of 10.90% during the forecast period.
- The Asia Pacific region accounted for the fastest-growing global market due to the increasing smart home tech spending for well-being and comfort and growth in technological awareness in consumers.
- Based on product, the innerspring segment was attributed to holding the largest market in 2022, with an approximate market share of 31.7%.
- Coway Co Ltd., Sleep Number Corporation, Tempur Sealy International, Eight Sleep, Purple Innovation, Sleepace, Nectar Sleep, Bedgear, PranaSleep, Sleep Republic.
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Companies Covered | 15 |
Pages | 128 |
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