Grid Mattress Market - Forecast(2024 - 2030)
Grid Mattress Market Overview:
Grid Mattress Market size is estimated to reach $3 billion by 2031, growing at a CAGR of 10.2% during the forecast period 2024-2031. A grid mattress, also known as a smart grid mattress, is a type of mattress with a distinct design that includes a grid-like structure. This grid is often made of high-resilience foam and is noted for its ability to conform to the shape of the body, giving improved support and comfort. Grid mattresses efficiently satisfy consumer needs for more breathable and supportive beds as they alter. The bedding industry's acceptance of these mattresses is driven by their congruence with market trends and consumer desires.
According to Sleep line in June 2022, in the United States, over 36 million mattresses are sold each year which includes grid mattresses, these mattresses' smart grid design is developed to support body shapes, which is critical for spinal alignment and general sleep experience. Grid mattresses are popular among consumers who prioritize health and well-being in their sleep choices because of their ergonomics. Consumers are actively seeking mattresses that provide higher support and comfort as they become more conscious of the value of quality sleep for overall health and well-being. Grid mattresses meet this rising need with their revolutionary design and comfort characteristics.
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COVID-19 / Ukraine Crisis - Impact Analysis:?
● The COVID-19 epidemic has had a major influence on many businesses, including the mattress industry. During the epidemic, the worldwide supply chain was interrupted, affecting the manufacture and availability of a variety of products, including beds. Grid mattresses, like other varieties, may have had material and production difficulties. There was an increasing demand for comfy and supportive mattresses as people spent more time at home due to lockdowns and remote work. Grid mattresses, which are known for their adaptability to body types, have become popular pertaining to this time.?
●?The Russian invasion of Ukraine in 2022, the economic stability and spending power of Russian and Ukrainian consumers can have a considerable impact on mattress demand. Consumer expenditure on mattress items can be influenced by economic factors such as inflation and currency exchange rates. Consumer tastes and developments in these countries may have an impact on the types of mattresses that are in demand. Preferences for memory foam, spring, or smart grid mattresses, for example, can have an impact on the market. Local and multinational mattress makers and merchants can have an impact on market dynamics. Competitive price, product quality, and marketing techniques are all important considerations.
Key Takeaways:
● Highest Share of APAC Region
Geographically, APAC is analyzed to hold highest market share of 36% in 2023. The grid mattress industry is expanding rapidly, with Asia-Pacific (APAC) accounting for the largest proportion of the market. Grid mattresses are gaining popularity due to their unique design and benefits. The APAC region, which includes India, China, and Southeast Asian countries, has the largest proportion of the grid mattress market. The region's success has been attributed to a growing middle-class population, improved consumer knowledge of the importance of sleep quality, and a demand for creative sleep solutions. Grid mattresses provide benefits such as increased air circulation and alleviation of lower back pain. These characteristics have made them a popular choice among consumers looking for a better night's sleep.
● King Segment to Register the Highest Share
King segment is estimated to hold highest market share of 43% in 2023. Smart grid mattresses, for example, are known for their capacity to intuitively adjust to the shape of the body, giving outstanding comfort and support. This characteristic has increased consumer demand for grid mattresses, especially those with larger sizes such as king-size mattresses. Grid mattresses frequently include a soft rubber grid that aids in air circulation. This feature aids in the maintenance of a comfortable sleeping temperature and is particularly appealing to clients looking for a better sleep experience. According to Mattress Clarity in June 2022, 78% of consumers prefer king mattresses which is anticipated to propel the growth of the market. Smart grid mattresses are intended to alleviate lower back pain. This health-conscious feature has helped to its popularity, with individuals seeking maximum comfort and pain alleviation preferring king-sized models. The combination of these variables has resulted in the king-size sector dominating the grid mattress industry.
● Hotel Industry is the Fastest Growing Segment in the Market
Hotel industry segment is estimated to grow with the highest CAGR of 11.7% during the forecast period 2024-2031. The grid mattress market is expanding rapidly, with the hotel industry among the fastest-growing sectors. Grid mattresses are made to be extremely comfortable and supportive. They provide a unique blend of softness and hardness, making them ideal for hotel guests looking for a good night's sleep. Grid mattresses are well-known for their longevity. They can resist the wear and tear of hotel use, making them an economical alternative for hotels. Grid mattresses frequently include air regulation technology, which promotes better temperature control. This function improves guests' sleeping experiences by keeping them comfy throughout the night. Grid mattresses can help with lower back pain and other health problems. As customers emphasize their well-being during their vacations, this can be a selling feature for hotels. Guests who enjoy the comfort of grid mattresses are more likely to submit favorable reviews, which can improve a hotel's reputation and attract new customers.
● Increasing Demand from Consumers
Grid mattresses have grown in popularity due to their revolutionary design and benefits. Grid mattresses, such as smart grid mattresses, provide improved pressure relief and comfort. The grid design conforms to the curve of the body, minimizing pressure spots and offering a more comfortable sleep experience. Grid mattresses are well-known for their high-resilience foam, which provides outstanding support. This resilience guarantees that the mattress lasts longer, making it an appealing alternative for consumers. According to Mattress Clarity in June 2022, Four out of every ten purchasers are willing to pay up to 10% more for a mattress built with ecologically friendly techniques or materials as a result of growing demand from consumers. Many grid mattresses include components that encourage air regulation, which aids in maintaining a pleasant sleep temperature. This is a crucial selling point for those who struggle with temperature management while sleeping. The grid mattress industry is predicted to expand more as people seek mattresses that promote their comfort, health, and overall well-being.?
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● High cost associated with mattress
The high cost of grid mattresses is due to the use of high-quality materials and technology. While grid mattresses provide several advantages, including superior body support and sleep quality, users should consider their budget when deciding between grid mattresses and other mattress kinds. Grid mattresses have grown in popularity due to their unique design and comfort qualities. However, the high expense of these mattresses can be a barrier for buyers. The significantly greater cost of grid mattresses in comparison to standard mattresses is one of the market's problems. This higher price point is due to the utilization of modern materials and unique design. While grid mattresses have various advantages, the price may deter some customers. Affordability is still a major worry for consumers.
Grid Mattress market share (%) By Region, 2023
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Key Market Players:?
Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the Grid Mattress Market. The top 10 companies in this industry are listed below:
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