Air Mattress Market Likely To Touch At $227.2 Million By 2025: Grand View Research Inc.

 

The global air mattress market size is expected to reach USD 227.2 million by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 8.6% over the forecast period. Rising awareness regarding the need for convenient sleeping to protect from diseases including back pain and pressure wound will further promote the utility of air mattress. Additionally, positive outlook towards the tourism sector at the global level on account of increasing number of professional and holiday trips among the consumers in various countries is expected to promote the use of hassle free foldable beds for extra person’s accommodation.

The king size products is expected to expand at the fastest CAGR of 10.5% from 2019 to 2025. Growing consumer demand for cozy, comfortable, and large sized bed is expected to remain a favorable factor for the industry growth. It has been observed that a large number of consumers prefer to carry king-sized air mattress on their camping trips as it can accommodate more than two people in it.

The commercial application segment was the largest application with a revenue of USD 78.1 million in 2018. The consumers in this segment intend to keep large size foldable air mattresses for extra guests, which is expected to propel the air mattress market growth in the coming years. Increasing number of business and personal travels in urban cities across North America and Europe is driving the hotels to keep extra air mattress for extra guests.

Asia Pacific is expected to expand at the fastest CAGR of 10.0% from 2019 to 2025. Growing consumer awareness regarding the need for comfortable sleeping material to protect themselves from pressure wound problem among adults in emerging economies including China and India is expected to drive the market. Additionally, growing residential real estate cost is driving urban population to stay in small size flats. This product is easily foldable and the consumers can keep it in the corner of the hall, which is expected to increase the utility of the product. Furthermore, product innovations in the aforementioned countries by key manufacturers including “Kurlon” and “Intex Development Co. Ltd” are projected to expand the buyer’s reach in the near future.

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Some of the key players operating in this market are Drive DeVilbiss Sidhil Ltd.; ALPS Mountaineering; SizeWise; LazerLazery; Sleepy Sleep; Restoration Goods; Bestway; Somnio LLC; American National Manufacturing, Inc.; Intex Development Co. Ltd.; and WENZEL Group. Product innovation is expected to remain a key strategy among the industry participants over the next few years.

Further key findings from the report suggest:

  • Twin size products generated a revenue of USD 54.5 million in 2018 due to its carrying convenience and cost effective feature
  • King size product is expected to be the fastest growing segment with a CAGR of 10.5% from 2019 to 2025 as a result of growing consumer need for large size beds in camping and outing activities
  • The commercial application segment generated a revenue of USD 78.1 million in 2018 due to higher usage in the hospitality industries
  • The household application segment is projected to ascend at a CAGR of 9.4% from 2019 to 2025 owing to increasing number of bedsore patients at the global level
  • North America was the largest market in 2018 with a revenue of USD 48.4 million as a result of growing urban population, coupled with huge residential real estate cost.

Grand View Research has segmented the global air mattress market report on the basis of product, application:

Air Mattress Product Outlook (Revenue, USD Million, 2015 - 2025)

  • Twin
  • Full
  • Queen
  • King
  • Others

Air Mattress Application Outlook (Revenue, USD Million, 2015 - 2025)

  • Commercial
  • Household

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

 

 

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