Smart Mattresses Market Size was valued at USD 1.47 Billion in 2023. The Smart Mattresses Industry is projected to grow from USD 1.552 Billion in 2024 to USD 3.552 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 10.90% during the forecast period (2024 - 2032). Surging smart home tech spending for well-being and the comfort and growth in technological awareness among consumers are the key market drivers improving the market growth.
Source: The Secondary Research, Primary Research, MRFR Database and Analyst Review
Market CAGR for smart mattresses is being driven by the rising smart home tech spending for well-being and comfort. Rapid developments in technology have influenced consumers to look for novel ways to improve their lifestyles. This has increased the interest of consumers in adopting the latest technologies and smart solutions, which gives a huge benefit to the consumers. Growing interest in creating a smart home ecosystem has boosted the consumption requirement for smart home accessories, inclusive of smart beds.
The preference of consumers towards the adoption of smart technology devices throughout households has played a prime role in improving the demand for smart home products. An increase in the smart bed requirements from the hospitality sector, inclusive of luxury hotels and healthcare, to offer best-in-class facilities and services to customers has influenced product demand. Further, there is an increase in awareness of the importance of sleep quality for overall health and well-being. Clients are increasingly looking for ways to optimize their sleep patterns, and smart mattresses provide a holistic approach to attain this goal. These mattresses are equipped with sensors and integrated with mobile applications and incorporate machine learning and Al algorithms to analyze sleep patterns and offer personalized recommendations for a better night's rest.
Furthermore, as the IoT ecosystem enlarges, smart mattresses are becoming an important part of the interconnected smart home experience. It can seamlessly integrate with other smart devices like thermostats, voice-activated assistants and lighting systems to create a truly intelligent and comfortable living environment.
Moreover, the COVID-19 pandemic has increased the importance of health and well-being, with more people realizing the significance of investing in technologies that promote a healthier lifestyle. Smart mattresses fit perfectly into this narrative, offering features like temperature control, adjustable firmness and sleep tracking, all of which contribute to enhancing both comfort and health. Thus, driving the Smart Mattresses market revenue.
The Smart Mattresses market segmentation, based on type, includes Foam, Hybrid, Innerspring, Latex, Water Bed, Air Bed, Adjustable Bases and Others. The innerspring segment dominated the market, accounting for the largest market revenue. The growing cases of back problems related to uncomfortable sleeping surfaces are the prime reason boosting the growth of the segment, thus driving the manufacturers to introduce smart technologies in this category.
The Smart Mattresses market segmentation, based on distribution channels, includes offline and online. The offline category is anticipated to dominate the market in distribution channels because of the growing expansion of retail stores and the electronic outlets in developing countries. Moreover, the consumers opt for the products from retail branded outlets for different reasons ranging from the assistance of in-store salespersons to product testing and demos, allowing the customers to make better choices before purchase. On the other hand, the online segment has experienced significant growth because of the presence of notable smart home electronics makers on online platforms. The ready availability of products on various platforms and numerous discounts available with cashback offers and easy returns will boost the growth of the online segment.
Figure 1: Smart Mattresses Market, by Distribution Channel, 2022 & 2032 (USD Billion)
Source: The Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study provides market insights into the North America, Europe, Asia-Pacific and the Rest of the World. The North American Smart Mattresses market area will dominate this market because of the growing consumer spending on comfort and luxury and smart home penetration. The high-income population of the region favors a broad range of smart solutions for ease and convenience of lifestyles at home, leading the users to spend more on security, automation, and other controlled accessories.
Further, the prime countries studied in the market report are the US, Canada, Germany, France, the UK, Italy, Spain, Japan, China, India, Australia, South Korea, and Brazil.
Figure 2: SMART MATTRESSES MARKET SHARE BY REGION 2022 (USD Billion)
Source: The Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe's Smart Mattresses market accounts for the second-largest market share because of the growing expenditure on healthcare, which has increased the demand for smart beds. Additionally, the increased emphasis on supporting patients in hospitals with proper treatment and facilities has increased the adoption of smart mattresses. Further, the German Smart Mattresses market held the largest market share, and the UK Smart Mattresses market was the rapid growing market in the European region.
The Asia-Pacific Smart Mattresses Market is expected to grow at the rapid CAGR from 2023 to 2032. This is because of the increasing spending by developing countries and fast urbanizing towns and cities with rapid penetration of internet services and smartphone users in this region. Moreover, China’s Smart Mattresses market held the largest market share, and the Indian Smart Mattresses market was the fastest-growing market in Asia-Pacific region.
Leading market players are investing hugely in research and development in order to expand their product lines, which will help the Smart Mattresses market grow even more. Market players are also undertaking a variety of strategic activities to spread their footprint, with important market developments including new product launches, mergers and acquisitions, higher investments, contractual agreements, and collaboration with other organizations. To spread and survive in a more competitive and rising market climate, the Smart Mattresses industry must offer cost-effective items.
Manufacturing locally to reduces the operational costs is one of the key business tactics utilized by manufacturers in the Smart Mattresses industry to benefit clients and increase the market sector. In recent years, the Smart Mattresses industry has offered some of the most significant advantages to comfort lifestyle. Major players in the Smart Mattresses market, including Coway Co Ltd., Sleep Number Corporation, Tempur Sealy International, Eight Sleep, Purple Innovation, Sleepace, Nectar Sleep, Bedgear, and others, are trying to increase market demand by investing in the research and development operations.
Sleep Number Corporation is a well-known American company specializing in the design, manufacturing, and retail of smart mattresses and adjustable beds. Founded in 1987, Sleep Number has become a prominent player in the sleep technology industry, particularly recognized for its innovative approach to sleep comfort and customization. In January 2023, Sleep Number acquired Eight Sleep, a maker of smart mattresses that track sleep data and adjust temperature. The acquisition was seen as a way for Sleep Number to expand its product offering and compete with other smart mattresses brands.
Coway Co. Ltd., a South Korean company founded in 1989, is an expert in manufacturing and distributing a broad range of home appliances, with a main emphasis on products related to air and water purification. The company has become a leader in offering innovative and environmentally friendly solutions for enhancing the quality of life in workplaces and homes. January 2022, a Korean company, Coway, declared its smart caring Mattresses and smart sleeping solution; this will help the company to combine the most recent sleeping and air care innovations of the company. The IoT solution helps the automated adjustment of suitable firmness depending on individual body pressure, making sure that the air quality and humidity are ideal for a good night's Sleep.
Smart Mattresses Industry Developments
The DeRUCCI T11 Pro Smart Mattress is an artificial intelligence of things (AIoT) intelligent sleep solution that was introduced today by The DeRUCCI Group, a well-known public corporation and brand in the sleep technology industry, in 2023. The DeRUCCI T11 Pro Smart Mattress is the first smart mattress that instantly adjusts to the individual's health for optimal sleep, actually warning the user about potential health issues before they are aware of them. This is based on extensive sleep/health research that DeRUCCI conducted with international universities and institutions.
March 2023: Tempur Sealy and Eight Sleep announced a partnership for integrating Eight Sleep’s smart mattresses technology into Tempur Sealy’s Mattresses. This will allow Tempur Sealy to provide its clients with a smart mattress that can track their Sleep, provide personalized insights, and help them improve their sleep quality.
April 2023: Purple Innovation acquired Sleepace, a maker of smart sleep products. The acquisition will allow Purple Innovation to expand its product offerings and enter the smart sleep market. Sleepace’s products include a smart mattresses pad, a smart sleep mask and a smartwatch that tracks sleep data.
May 2023: Nectar Sleep acquired Bedgear, a company that makes smart mattresses and sleep accessories. The acquisition will give Nectar Sleep access to technology and products of Bedgear, which will help Nectar Sleep expand its offering of smart mattresses.
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 1.4 Billion |
| Market Size 2024 | USD 1.55 Billion |
| Market Size 2032 | USD 3.552 Billion |
| Compound Annual Growth Rate (CAGR) | 10.90% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, The Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Distribution Channel, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, Germany, France, UK, Italy, Spain, Japan, China, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Coway Co Ltd., Sleep Number Corporation, Tempur Sealy International, Eight Sleep, Purple Innovation, Sleepace, Nectar Sleep, Bedgear, Johnson & Johnson Inc, Kingsdown, Responsive Surface Technology, Serta Simmons Bedding, Hiding Anders, Recticel, Derucci |
| Key Market Opportunities | · Rising smart home tech spending for well-being and comfort |
| Key Market Dynamics | · Increase in technological awareness in consumers. |
Frequently Asked Questions (FAQ) :
The Smart Mattresses market size was valued at USD 1.4 Billion in 2023.
The market for smart mattresses is foreseen to grow at a CAGR of 10.90% throughout the forecast period, 2024-2032.
North America held the biggest share of the market.
The key players in the market are Coway Co Ltd., Sleep Number Corporation, Tempur Sealy International, Eight Sleep, Purple Innovation, Sleepace, Nectar Sleep, and Bedgear.
The innerspring category dominated the market in 2023.
The offline had the largest share in the market.
Research Analyst Level II I have about two years of experience working in the consumer goods and retail industries and i am a biotech graduate.a tech-savvy analytically focused professional with a strong capabilities in identification, concept generation, and strategy evaluation. i can produce data-driven solutions while fusing unusual viewpoints with original concepts. i have been extensively working on business case studies, competitive & comparative analyses, and strategic reports. my primary areas of experience include client management, financial analysis, supply chain evaluation, market entry strategy evaluation, and estimating and forecasting market size.
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