Memory Foam Mattress market in the US is likely to grow at a CAGR of 7.09% in terms of shipment
Memory Foam Mattress – Report Insights
Memory foam mattress is new-generation mattresses with the ability to recover their shape. They are manufactured from a chemical substance called memory foam (polyurethane along with other added chemicals). Memory foam was invented by NASA in 1966 and was called temper foam. Commonly known as memory foam, this type of foam is made of petroleum-based polyurethane and other chemicals and is now being used in mattresses, pillows, and other bedding products.
Scope of the report
The report “Memory Foam Mattress Market in the US – Strategic Assessment and Forecast 2017–2022” considers the present scenario of the market in the US and its strategic assessment for the period 2017–2022. It includes a detailed study of growth drivers, trends, and restraints. It also profiles the leading vendors in the US market and other key vendors.
The report provides the market size in terms of the following:
- Plant based
By Distribution Channels
- Mattress specialty retailers
- Furniture retailers
- Department stores
Memory Foam Mattress Market in US – Market Size and Dynamics
Analysts at Beige Market Intelligence say that the memory foam mattress market in US is expected to grow at a CAGR of 7.09% in terms of shipment. The market is expected to witness a boost during the forecast period and the growth rate in terms of revenue is likely to be more than 10%. The ability of these mattresses to provide comfortable sleep is a major factor, which is driving the demand for these mattresses. With the recovery in the US economy and the increase in disposable income, there is growing demand for memory foam mattress. With the introduction of plant-based memory foam mattress which provide extra cooling effects and are made up of natural plant extracts, the demand for these mattresses is expected to rise during the forecast period. In terms of revenue, the traditional polyurethane memory foam mattress segment dominated the market with 46.87% of the market share and held the leading position in 2016 due to their large retail presence. Although, the plant-based memory foam mattress segment had the lowest market share in 2016, it is expected to witness a high traction during the forecast period.
Memory Foam Mattress Market – Top Trends, Drivers, and Restraints
Studies reveal that an increase in sleep disorders and back pain cases in the US are affecting people’s work productivity and output, thereby increasing the demand for memory foam mattress. These mattresses are effective in controlling sleep disorders and reducing back pain as they fit the natural curvature of the spine and give more support to the sleeper. Increased cases of sleep disorders in the US is one of the major factors which is pushing the market. Baby boomers are the primary buyers of memory foam mattress. Hence, the increase in demand for baby boomers is another driving factor of the market. The report provides a detailed description of the major trends, drivers, and impeding challenges of the market.
Growing online sales is among one of the major trends that is going to drive the market during the forecast period. Currently, many customers prefer to shop online for the convenience online shopping offers. This trend has encouraged many companies to focus on the internet-savvy customer segment and venture into the omnichannel retail format. Furthermore, increased popularity of gel-infused and plant-based memory foam mattress is another trends which is catalysing the market growth.
Memory foam mattress is characterized by their high costs. As these mattresses use high-quality polyurethane foam and other added chemicals, their costs increase significantly over traditional innerspring mattresses. Hence, high cost and limited product differentiation are among the major challenges described in the market research report. The report also provides the Porter’s five forces analysis along with a description of each of the forces and its impact on the market.
Memory Foam Mattress Market – Market Share and Key Vendors
This market research report profiles major companies in the market and also provides the competitive landscape of key players. The report covers the entire market outlook regarding the value chain operating in the market. Major players in the market include the following:
Other prominent vendors in the market include Ashley Furniture Industries, Corsicana Bedding, Dorel Industries, Englander Sleep Products, E. S. Kluft & Company, Kingsdown, King Koil, Mattress Firm, Leggett & Platt, Restonic, Southerland Bedding, Spring Air, Symbol Mattress, Therapedic International.
It also provides the list of emerging vendors such as Amerisleep, Casper Sleep, Keetsa, Leaf & Loom, Leesa, Nest Bedding, Novaform, Tuft and Needle, Yogabed.
Why Should You Buy The Report?
The report offers reasonable answers to the following questions which help you to understand the in-depth market analysis.
- How has the market been performing and what are the changes which are expected to change the landscape in the coming years?
- What are the various factors that can affect the market in the US over the next few years?
- What are the major trends and challenges the market is likely to confront in the next five years?
- What is the market size and market forecast for each product segment?
- Which companies are the key vendors in the market?
- What are the strategies used by the leading vendors, and what are key opportunities to grow?
- Which companies are the emerging vendors in the market?