Restful Nights Exploring The Mattress Market In Europe

By Author: Pramod Kumar
Total Articles: 97
Comment this article

The European mattress market is estimated to reach USD 10.5 billion in 2023, which will increase to USD 17.1 billion, with a 7.3% compound annual growth rate, by 2030.

The growth of this industry is because of the rising disposable salaries, increasing urbanization pace, progressing hospitality & healthcare sectors, and government backing for real estate expansion.

Europe Mattress Market Revenue Estimation Report@ https://www.psmarketresearch.com/market-analysis/european-mattress-industry

The need for hybrid mattresses is surging as the consumer's interest is rising in hygienic as well as healthy sleep habits. They are manufactured with various components, such as polyurethane foam, thermagel, latex layers, and spring coils, each of which offers users with specific advantages.

Furthermore, customers are shifting to environmentally friendly products, because of which companies are producing the fabrics utilized in the mattress's outer covering. Natural fabrics like wool, bamboo, and fiber, are now being employed to provide to environment-aware consumers.

In 2023, the innerspring category, ...
... on the basis of product, is leading the industry, with over 45% share, because they are the most prevalent in Europeans. Moreover, in the Central and Eastern parts of Europe, innersprings are favored since they cater to numerous consumers with strong edge support, bounce, and cooling.

The king-size mattress is the largest contributor to the European mattress market, and it will remain the largest throughout this decade. This is primarily because of their easy accessibility as well as surging acceptance in metropolitan areas.

In 2023, the online category, on the basis of distribution channel, accounts for over 21% share. Customers have inclined even more toward online channels since the pandemic of COVID-19. Moreover, although store-based business is extremely dominant, key manufacturers are focusing on improving their online presence.

Germany is the largest contributor to the industry in 2023, with approximately 12.5% share. The requirement for these common sleeping aids is rising in this nation because of their extensive utilization across commercial facilities.

Pramod has around 7 years of experience in market research and consulting services for healthcare industry. He holds varied experience in market sizing and forecasting with varied models, competition landscape, consumer behavior analysis, opportunity analysis, product/company benchmarking, data mining and others. He has successfully delivered multiple projects on go-to-market strategies, pricing strategy, price point analysis, Business Expansion, market entry and exit, share analysis and others. Prior to joining P&S Intelligence, he worked with different research companies, including Transparency Market Research and MarketsandMarkets Pvt Ltd. Some of the projects delivered by him include Scar Treatment Market, Skin Replacement and Substitutes Market, and Energy-Based Aesthetic Devices Market.