The Mattresses Market in Europe is being driven by Growth of healthcare and hospitality sectors
The Mattresses Market in Europe is expected to grow at a CAGR of 6.62% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 3.67 billion. In Europe, there is a growing recognition among the population of the significance of quality sleep for overall health and well-being. The Sleep Council, a UK-based advisory body, advocates for enhancing sleep quality through the purchase of premium and customized mattresses. Research conducted by the Sleep Council reveals that investing in a high-quality mattress can extend an individual's average sleeping duration by approximately 45 minutes. Major industry players have initiated marketing campaigns to promote the importance of optimal sleep patterns, capitalizing on this trend and boosting demand for superior mattresses.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on Distribution Channel (Offline, Online) Type (Innerspring, Memory foam, Others) Geography (Europe).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
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Key Features in Mattresses Market in Europe Research Report
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The European mattress market prioritizes sleep health, catering to urbanization and the growing demand for health and wellness. Specialty mattresses, including orthopaedic, foam, spring, and latex options, provide a comfortable sleeping surface with optimal support and weight distribution. Various sizes, firmness levels, and adjustable beds address different sleep positions and health concerns like sleep apnea, acid reflux, and back pain. Smart beds and home technology integrations, such as Fire Stick TVs and smart homes, add to the luxurious lifestyle.
The European mattresses market is a significant segment of the global home furnishing industry, encompassing manufacturers and marketers of various mattress types, including foam, spring, and latex mattresses. Technavio, a leading global technology research and consulting firm, includes the mattresses market in Europe within the broader home furnishing market, which covers the manufacturing and marketing of furniture, home furnishings, floor coverings, decorative products, household appliances, and other homeware products. The European mattresses market size is determined by the combined revenue generated from the sales of these items. Key growth drivers for the global home furnishing market, and consequently the European mattresses market, include the increasing residential and commercial construction, a rising focus on infrastructure development, and the construction of new residences and offices, leading to increased demand for new furniture and mattresses.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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