Bed Mattress Industry - Regional Synopsis
APAC Market Statistics
Asia Pacific industry is anticipated to account for largest revenue share of 36% by 2037. This growth of the market is set to be encourage by the growing middle-class population. According to the World Economic Forum, in 2020, about 2 billion Asians were middle class and this number is predicted to rise to 3.5 billion by 2030. Therefore, the demand for market is projected to rise.
The China market for bed mattress is anticipated to gather the highest market revenue by the end of 2037, owing to the rising construction activities in this area.
The market for bed mattress in India is also projected to grow over the forecast period on account of the rising urban population.
Additionally, the Indonesian market is estimated to have notable growth over the coming years. This could be owing to a rise in the number of house owners.
North America Market Analysis
In bed mattress market, North America region is anticipated to grow at over 6.43% CAGR till 2037. This growth is expected to be encouraged by the growing millennial population who are looking forward to the appealing interior. In 2022, millennials were the highest group of people in the U.S., with over 71 million population. Which is why, the bed mattress market in this region is anticipated to observe growth.
Furthermore, in this region, the US market for bed mattress is projected to capture the highest revenue by 2037. This growth is set to be dominated by growing tourism industry.
Also, the Canadian market is predicted to experience growth over the coming years since this area is experiencing a rise in the launch of various advanced mattresses.
