The global smart mattress market size is expected to reach USD 2.1 billion
by 2025, according to a new report by Grand View Research, Inc., expanding at a
CAGR of 10.6% over the forecast period. Factors such as growing popularity of
smart homes, high-speed internet availability, increasing concerns over healthy
sleep, and growing smartphone penetration are anticipated to drive the market.
Increasing R&D initiatives are boosting
the growth of global market. Key manufacturers in the market are continuously
investing in R&D activities to offer advanced mattress solutions and
maintain a competitive edge over their competitors. These manufacturers are focusing
on providing smart mattresses that emit fewer electromagnetic radiations and
possess enhanced features. Some of the popular products are The Pod by Eight
Sleep, Sleep IQ by Sleep Number, and RestBed.
Innerspring was the largest product segment
with a share of 31.7% in 2018. Increasing cases of back problems associated
with uncomfortable sleeping surfaces is the key factor boosting the growth of
the segment. This, in turn, is driving the manufacturers to introduce advanced
technology in this category. For instance, Eight Sleep offers three models of
smart beds: Saturn, Jupiter, and Mars designed with multiple foam layers. Mars
is equipped with smart technology integrated to hybrid innersprings and foam.
In terms of value, North America dominated
the global market with a share of more than 60.0% in 2018. This is due to
growing penetration of smart devices, continuous technology evolution, rising
consumer awareness with regards to sleep, and increasing investments in R&D
in the region. Majority of the demand is generated by U.S., which contributed a
revenue share of 84.4% in 2018.
Some of the major players operating in the global market
are Sleep Number, Eight Sleep, Kingsdown, Responsive Surface Technology, Serta
Simmons Bedding, Tempur Sealy International, Hilding Anders, Derucci, Recticel
and Sleemon. Companies in this industry are majorly focused on product launch
to retain the consumer base as well cater to their changing preferences. For
instance, in February 2019, Eight Sleep launched a new biometric-monitoring
smart mattress that features a dual thermostat, which can either keep the bed
warm in winters or cool in summers.
To request a sample copy
or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/smart-mattresses-market
https://www.grandviewresearch.com/industry-analysis/smart-mattresses-market
Further key findings from the report suggest:
· North America held the largest smart
mattress market share of more than 60.0% in 2018
· Innerspring accounted for 31.7% share of
the total revenue in 2018, and is projected to exhibit a significant increase
in the next few years.
Grand View Research has segmented the
global smart mattress market on the basis of product and region:
Smart Mattress Product Outlook (Revenue,
USD Million, 2015 - 2025)
·
Innerspring
·
Latex
·
Memory Foam
·
Others
Smart Mattress Regional Outlook (Revenue,
USD Million, 2015 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central and South America
·
Middle East and Africa
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For More Information: www.grandviewresearch.com
