European mattress market - PowerPoint PPT Presentation

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European mattress market

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From $7,877.0 million in 2021, the European mattress market is likely to propel at a 6.9% CAGR, to reach $14,382.8 million by 2030. The main factors propelling the advance of the industry are the rapid increase in urbanization, advantageous government policies concerning real estate growth, and developments in the hospitality and healthcare sectors. Moreover, the rising disposable income is also driving the demand for mattresses in the country. – PowerPoint PPT presentation

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Title: European mattress market


1
2022
Rising Disposable Income Boosting the Demand for
Mattresses in Europe
2
Good sleep is very important for maintaining a
healthy life. Sleep disorders are conditions that
avert people from getting restful sleep and,
consequently, can cause daytime drowsiness and
other symptoms. Every person can experience sleep
disorders from time to time. The obstructive
sleep apnea (OSA) syndrome is a predominant
disorder, affecting at least 4 of males and 2
of females. The ailment is linked with recurrent
episodes of a partial or complete upper airway
occlusion throughout the sleep.   From 7,877.0
million in 2021, the European mattress market is
likely to propel at a 6.9 CAGR, to reach
14,382.8 million by 2030. The main factors
propelling the advance of the industry are the
rapid increase in urbanization, advantageous
government policies concerning real estate
growth, and developments in the hospitality and
healthcare sectors. Moreover, the rising
disposable income is also driving the demand for
mattresses in the country.   Request for sample
copy of this report https//www.psmarketresearch.
com/market-analysis/european-mattress-industry/rep
ort-sample   The increasing disposable income
leads people to buy more comfortable mattresses
to enhance their sleep. For instance, Europe had
approximately EUR 10.2 trillion disposable income
in 2021, for spending on, housing, food services,
energy costs, pensions, insurance, vacations,
mobility, and customer purchases. Along with
this, Europeans had an average per capita
purchasing power of EUR 15,055, in the same
year.  
3
The online category will register the highest
CAGR in the European mattress market in the
coming years, under segmentation by distribution
channel. The shift of consumers toward online
channels in the last couple years can be ascribed
to the need to comply with social distancing
guidelines and stop the COVID-19 spreads in its
tracks. Despite store-based shopping dominating
the market, major sleeping aids providers are
becoming more active on online channels to gain a
competitive edge.   The higher CAGR in the
market based on end use is expected in the
commercial bifurcation. The growth of the
hospitality and healthcare sectors is the
most-significant driving factor for growth of
this category. Also, key players are coming up
with specialized mattresses in Europe for
hospital beds that are used for multiple
functions. Likewise, with the increasing number
of tourists, the demand for customized mattresses
is likely to boom in the hospitality
sector.   Browse full report at
https//www.psmarketresearch.com/market-analysis/e
uropean-mattress-industry   After the upliftment
of lockdowns, the hospitality industry has
started reinstating. With the rise in the number
of hotels in Europe, the requirement for
mattresses has increased quite a bit. Similarly,
during the pandemic, with a large number of
people requiring hospitalization, there was an
increased need for mattresses for hospital use.
  The preference of consumers for customized
mattresses is among the biggest trends going on
in the European mattress market. Thus, Tempur
Sealy International Inc. offers the option to
customers to modify the thickness, size, and
firmness of the mattress. Customers varying
physical dynamics, such as height and weight,
warrant the usage of customized mattresses that
offer better support for different body types
during sleeping. Moreover, standard-size and
-shape mattresses do not at fit perfectly in
customized beds, which is another reason behind
the growing popularity of customized ones.   The
rise in disposable income and the development of
the medical and hospitality industries have had a
positive impact on the demand for mattresses in
Europe.
4
Market Segmentation
  • Based on Product
  • Innerspring
  • Memory Foam
  • Latex
  • Based on Size
  • Single
  • Double
  • Queen
  • King
  • Based on Distribution Channel
  • Specialty Stores
  • Furniture Stores
  • Direct
  • Online
  • Based on End Use
  • Residential
  • Commercial
  • Hotel
  • Hospital
  • Geographical Analysis
  • Germany
  • France
  • Italy
  • U.K.
  • Spain
  • Russia
  • Netherlands
  • Poland
  • Belgium
  • Denmark

5
Disclaimer PS Intelligence always keeps its
customers interests at the core while carrying
out research activities. PS Intelligence ensures
the reliability and accuracy of information and
data provided in its market research
publications. However, the information in
publications is subject to fluctuations, as it is
based on primary interviews of officials from
various companies or organizations. PS
Intelligence is not responsible for any incorrect
data provided by the key industry players of the
concerned domain. the information or analysis in
PS Intelligence publications represents opinions
based on research and should not be interpreted
as statements of fact. Information in this report
was believed to be correct at the time of
publication, but cannot be guaranteed. PS
Intelligence does not endorse any product,
service, or vendor depicted in its research
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copyright. Under no circumstance can these be
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agreement of their owners. An order for market
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