Latest News- Luxury and Premium Mattress Market: Wholesale channel is expected to lead the Distribution Channel segment during 2024-2028

The Luxury and Premium Mattress Market is being driven by Growing awareness about importance of good-quality sleep

The Luxury and Premium Mattress Market is expected to grow at a CAGR of 5.19% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 3.71 billion. The luxury and premium mattress market is witnessing a significant shift towards personalized sleep solutions, catering to discerning consumers' specific preferences. This trend signifies a move towards a more consumer-centric approach in the industry. Consumers are increasingly seeking mattresses that align with their unique tastes, such as desired firmness levels and design aesthetics. In response, manufacturers are focusing on customizable features, integrating advanced technologies like adjustable air chambers and modular designs to enable customers to tailor their sleep experience to their preferences. This consumer-driven approach is set to redefine the global luxury and premium mattress market landscape. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Distribution Channel
  • Wholesale channel
  • Retail channel
• End-user
  • Residential
  • Commercial
• Product Type
  • Innerspring
  • Memory Foam
  • Latex
  • Hybrid
• Geography
  • North America
    • Canada
    • US
  • APAC
    • China
    • India
    • Japan
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • Middle East and Africa
    • Egypt
  • South America
    • Brazil
    • Argentina

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing awareness about importance of good-quality sleep
• Increasing demand for luxury and premium mattresses in hospitality sector
• Continuous advancements in mattress technologies

However, the market also witnesses some limitations, which are as follows:

• Fluctuating raw material prices and high manufacturing costs
• Growing threat from counterfeit mattresses
• Issues related to sustainability and maintaining quality standards in luxury and premium mattresses

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Market Scope in Luxury and Premium Mattress Market Research Report

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Research Analysis Overview

The luxury and premium mattress market offers advanced solutions for optimal sleep experience. Gel memory foam ensures comfort, while zoned support caters to different body parts and sleep stages. Temperature regulation maintains ideal sleeping conditions, and down alternative provides coziness. Sleep quality and efficiency are enhanced through sleep studies, sleep lab tests, and personalized sleep solutions like custom mattresses and mattress fitting. Sleep specialists and consultants offer sleep therapy devices, white glove delivery, in-home setup, and lifetime warranties. Addressing specific conditions like sleep apnea and restless legs syndrome, these mattresses align posture, distribute body weight effectively, and promote alignment of pressure points. Sleep education and sleep wellness are integral parts of the market, emphasizing the importance of a good night's rest.

Market Research Overview

The luxury and premium mattress market is a significant segment of the global household products industry, which encompasses non-durable household items such as mattress toppers, adjustable bases, memory foam, latex foam, hybrid mattresses, and pillow tops. According to Technavio, the expansion of the global household products market is primarily driven by the surge in online sales. The increasing preference for e-commerce platforms, particularly in emerging economies, is fueling the growth of this sector. The advantages of shopping online, including convenience, seamless payment options, discounts, and a vast product selection, have contributed to the substantial increase in e-commerce sales over the past five years, and this trend is anticipated to persist in the foreseeable future.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/