Adjustable Beds and Mattress Market

Adjustable Beds and Mattress Market Outlook

The global adjustable beds and mattress market garnered a market value of US$ 6.87 Billion in 2022 and is expected to accumulate a market value of US$ 16.26 Billion by registering a CAGR of 9% in the forecast period 2022-2032. Growth of the adjustable beds and mattress market can be attributed to increasing global population, rapid urbanization, and growing disposable income levels. The market for adjustable beds and mattress registered a CAGR of 5% in the historical period 2017-2021.

An adjustable base bed makes it possible for the sleeper to shift the bed to a location that better supports the spine's natural curvature. By supporting the body in the perfect posture, it is possible to get a better, more restful night's sleep. For those who have trouble breathing or poor circulation, an adjustable base offers the means to lift the head of the bed.

The growing number of population across the globe, increase in the construction of new privately-owned housing units, rising demand for furniture and furnishing products such as adjustable bed base and bed set, increasing adoption of smart adjustable bed base and bed set, growing demand for multi-functional adjustable bed base, increasing levels of disposable income of the people, rising preferences in the residential and commercial sector to enhance the aesthetics of interiors of newly-built establishments are some of the major as well as vital factors which will likely to augment the growth of the adjustable bed base and bed market in the projected timeframe of 2022-2032.

Report Attributes	Details
Anticipated Base Year Value (2021)	US$ 6.30 Billion
Expected Market Value (2022)	US$ 6.87 Billion
Projected Forecast Value (2032)	US$ 16.26 Billion
Global Growth Rate (2022-2032)	9% CAGR
Expected Market Share of North America Market (2022)	38%
Expected Market Share of Asia Pacific (2022)	30%
Major Adjustable beds and mattress Service Providers	Amerisleep Boyd Sleep Ergomotion Glideaway Leggett & Platt, Inc. Serta, Inc. Southerland Sleep Tempur Sealy International, Inc. The Sleepwell Company Sealy Technology LLC Sleep Number Corp.

Sales Analysis of Adjustable Beds and Mattress (2017-2021) Vs. Market Forecast Outlook (2022-2032)

According to Fact.MR, the market adjustable beds and mattress market registered a CAGR of 5% in the historical period 2017-2021.

Introduction of product which are functional and therapeutic, such as designs that improve sleeping postures and can offer foot warming to capture a larger customer base along with increasing awareness among the consumers regarding the product benefits which will further contribute by generating massive opportunities that will lead to the growth of the adjustable bed base and bed market in the above mentioned projected timeframe.

Increasing sales of trending products also boost the potential of this market. In addition, the growing trend of smart homes will contribute to industry expansion over the forecast period. The COVID-19 pandemic, however, has had an adverse effect on the industry. Following the COVID-19 pandemic, raw material imports and exports suffered severely, thus affecting the manufacturing sector.

Thus, the market for adjustable beds and mattress is expected to register a CAGR of 9% in the forecast period 2022-2032.

What are the Challenges Faced by the Adjustable Beds and Mattress?

Expensive nature of beds and mattresses hindering market growth

High cost of product along with increasing noise as well as extreme heaviness is acting as a market restraint for factor for the growth of the adjustable bed base and bed in the above-mentioned projected timeframe. Restricted movement along with unique sizing categories which will become the biggest and foremost challenge for the growth of the market. All these factors are hampering the growth of the market.

Comparative View of Adjustable Beds and Mattress Markets

Adjustable Beds and Mattress Market:

Attributes	Adjustable Beds and Mattress Market
CAGR (2022-2032)	9%
Market Value (2032)	US$ 16.26 Billion
Growth Factor	Increasing urbanization and residential sectors bolstering the demand for adjustable beds and mattress market.
Opportunity	Penetration of international and local players is creating lucrative opportunities for adjustable beds and mattress market.

Medical Beds Market:

Attributes	Medical Beds Market
CAGR (2022-2032)	3.7%
Market Value (2032)	US$ 5.5 Billion
Growth Factor	Technologically advanced medical beds and incorporation of smart technologies is creating lucrative opportunities for medical beds market.
Opportunity	Prevalence of chronic diseases and prolonged illnesses influencing growth of hospital beds is expected to drive the non-invasive cosmetology market during the forecast period.

Bunk Beds Market:

Attributes	Bunk Beds Market
CAGR (2022-2032)	5%
Market Value (2032)	US$ 10 Billion
Growth Factor	The pervasive use of bunk beds in living rooms, dorms and hostels emphasizes the significant growth for the bunk beds market in the world is a crucial driver for the growth of bunk beds.
Opportunity	Sleep-away camps and summer camps across several countries along with launch of different activities are boosting the demand for bunk beds.

Regional Insights

Stringent Requirement for Infrastructure Development Creating Lucrative Opportunities for Adjustable Beds and Mattress Market in North America?

Support for health systems influencing growth of market in North America

The implementation of stringent requirements for the development of appropriate infrastructure and furnishings suitable for health systems in the region is playing a key role in the wide adoption of adjustable beds and mattress. Major players operating in the U.S. and other parts of this region are required to follow safety standards issued by the Business and Institutional Furniture Manufacturers Association and the American National Standards Institute (ANSI) (BIFMA).

As a result, producers of adjustable bed & mattress sets must provide high-quality goods with a lengthy replacement cycle to meet these standards. Thus, North America is expected to dominate the global industry in 2022 and account for the maximum share of more than 38% of the overall revenue.

Rapid Urbanization Bolstering Demand for Adjustable Beds and Mattresses in Asia Pacific?

Development of residential and commercial sectors boosting demand for market in Asia Pacific

On the other hand, the Asia Pacific region is expected to witness the fastest growth rate during the forecast period. The growth of the Asia Pacific region can be attributed to the rising product demand from the residential and commercial sectors in emerging nations. Furthermore, the regional market is expanding due to rapid urbanization and different countries signifying the increasing housing construction.

The demand for adjustable beds and mattresses in developing countries such as India is on a rise. Moreover, presence of international and local players is positively influencing the demand for the market in the Asia Pacific region. thus, Asia Pacific is expected to possess 30% market share for adjustable bed and mattress in 2022.

Country-wise Forecast CAGRs for the Adjustable Beds and Mattress Industry

Region	CAGR
U.S.	8%
Canada	7%
China	8.5%
India	6%

Category-Wise Insights

Demand from all Age-Groups Favoring Growth of Adjustable Beds?

Health and lifestyle benefits benefitting the sales of adjustable beds

On the basis of products, the global industry has been divided into adjustable beds and adjustable mattresses.

The segment will expand further at a steady CAGR retaining its leading position throughout the forecast period. Adjustable beds are best suitable for the elderly or those with mobility issues. However, they are now used by people of all ages for health and lifestyle benefits as these beds can help ease chronic pains related to arthritis, sciatica, etc.

Moreover, these beds are available with different bases, which serve those with mobility issues. In terms of revenue, the adjustable beds product segment is expected to dominate the global industry in 2022 by and accounted for the maximum share of more than 50%.

On the other hand, the adjustable mattresses product segment is projected to register the fastest growth rate during the forecast period. The adjustable mattress features plenty of functions, which include remote adjustable bed controls, warranties that cover the cost of bed parts, and repairs for a specific period. For instance, the Tuft and Needle Mint mattresses come with a 100-night sleep trial, a 10-year limited warranty covering manufacturing and workmanship defects, free shipping, and free returns.

Demand for Maximum Comfort while Sleeping Spurring Demand from Residential Sector?

Convenience and comfort increasing demand from residential sector

On the basis of end-users, the global industry has been further categorized into residential and non-residential.

The residential use of adjustable beds & mattresses is being driven by increased consumer expenditure on comfort and relaxation as a result of lifestyle changes among generations X, Y, and Z. According to a survey conducted by the Federal Reserve Bank of New York in September 2019, lifestyle changes are widespread among people of all income levels. An average American household head between the ages of 35 and 44 owes more than $100,000 on debts other than their mortgage. In terms of revenue, the residential end-user segment is expected to dominate the global industry in 2022 and account for the maximum share of more than 77% market share for adjustable beds and matteresses.

The non-residential segment is estimated to registerthe fastest CAGR over the forecast period. A mechanical bed frame that allows the user to modify the mattress’ position for sitting up and sleeping is referred to as an adjustable bed or a power bed. The adjustable bed frame allows the user to choose their preferred configuration by transforming what seems to be a standard bed into a reclining bed with the head and feet lifted. These qualities aid in the care of patients at hospitals to provide a comfortable position to rest. Even the hotel industry has started to invest in adjustable beds & mattresses as the main focus of the hoteliers to increase customer experience & satisfaction.

Availability of Skilled Staff Making Offline Shopping a Convenient Experience for Bed and Mattress Shopping?

Guidance from skilled staff helping consumers to choose better

On the basis of distribution channels, the global industry has been further sub-segmented into online and offline.

The availability of skilled staff, a broad selection of product categories, product demonstrations, and the prompt distribution of goods are all benefits of specialized stores. A number of these stores also provide price-matching assurances, and they all train their staff on how to assist clients. The offline distribution channel segment is expected to dominate the global industry in 2022 and accounted for the highest share of more than 70% of the overall revenue.

Specialty stores are one of the main distribution routes in developing nations like Bangladesh, China, India, Thailand, Vietnam, and the rest of the region. On the other hand, the online distribution channel segment is estimated to register the fastest growth rate during the forecast period. According to a blog by Sleepyhead in 2022, various manufacturers are providing innovative offerings, such as a 100-night free trial. On account of such strategies being followed by companies, buyers feel confident while purchasing mattresses online, which, in turn, increases product sales through online channels supporting the segment growth.

Start-Ups for Adjustable Beds and Mattress Market

Key start-up players in the adjustable beds and mattress market are WakeFit, SleepyCat, The Sleep Company, Sunday Mattresses, Sleepy Pnda

• Sleepy Panda, a key player in the adjustable beds and mattress market a wide range of mattresses and customizes the same according to consumer needs.
• Sunday Mattresses, founded in 2015, is a sleep-focused start-up, that offers internationally certified mattresses and pillows. The company uses technology to manufacture these mattresses.

Market Competition

The industry is characterized by the presence of a few established players and new entrants. Key companies are diversifying their product offering to maintain their share and position in the global industry. Some of the key players operating in the global adjustable beds & mattress market include Amerisleep, Boyd Sleep, Ergomotion, Glideaway, Leggett & Platt, Inc., Serta, Inc., Southerland Sleep, Tempur Sealy International, Inc., The Sleepwell Company, Sealy Technology LLC, Sleep Number Corp.

• In October 2020, Ergomotion, part of the Keeson Technology Group and the largest manufacturer of adjustable bases worldwide, opened a 250,000-square-foot manufacturing facility in Chihuahua, the company’s first assembly plant in North America. The new facility will include manual and semi-automatic operations that will support the continued enhancement of customer service in the U.S.
• For instance, in August 2021, Southerland Sleep, a leading mattress manufacturer introduced its redeveloped American Sleep Line. The revamped line includes hybrids and two-sided mattresses, that serve as a companion collection to its popular Signature collection. The American Sleep Line features perimeter-edge coil systems with enhanced edge support, which enhances the mattress’ durability

Key Segments Profiled in the Adjustable Beds and Mattress Industry Survey

• Product:

  • Adjustable Beds
    • Single
    • Double
  • Adjustable Mattress
    • Memory Foam
    • Latex Foam
    • Hybrid

• Distribution Channel:

  • Offline
  • Online

• End-user

  • Residential
  • Non-residential

• Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • MEA