Market Analysis And Research Reports: Mattress Market Size (Value & Volume) By Key Players, Type, Application, and Region 2019-2025 - 0 views
-
emmaj3206 on 01 Aug 19"The global mattress market size is expected to reach USD 43.2 billion by 2025, registering a CAGR of 6.7% over the forecast period. Growing demand from the hospitality and real-estate sectors, especially in developing and emerging countries such as India, China, and Brazil will create robust demand for the product over the forecast period. A major factor boosting the growth of the global market is changing demographics. Rise in disposable income of growing middle class, especially residing in the urban areas or the ones moving from the rural areas to these regions in search of better education and job opportunities is anticipated to drive the market. Millennial consumers in countries such as U.K., U.S., and India have emerged as booming consumers of the global mattress market. High demand is mainly attributed to young consumers who are willing to pay a price higher than the usual for advanced products such as memory foam and airbed mattresses."