Global Latex Mattress Market 2019-2023| Introduction of Smart Features in Latex Mattresses to Boost Growth| Technavio
LONDON--(BUSINESS WIRE)--Jan 30, 2019--The global latex mattress market is expected to post a CAGR of close to 12% during the period 2019-2023, according to the latest market research report by .
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Technavio has released a new market research report on the global latex mattress market for the period 2019-2023. (Graphic: Business Wire)
The presence of a highly-developed retail industry in developed countries such as the US and the UK is expected to drive the global latex mattress market. Large organized retail stores offer the option of selecting among several brands under one roof. It enables consumers to compare and differentiate brands over features such as quality, price, and comfort level. These stores also stock furnishings and other home decor products, encouraging customers to purchase additional products. The sale of latex mattresses through the offline retail channel is growing with the shift in consumer preference from traditional to modern retail channels. This will have a positive impact on the sales numbers of manufacturers and retailers of branded mattresses in the market.
As per Technavio, the introduction of smart features in latex mattresses will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Global latex mattress market: Introduction of smart features in latex mattresses
A smart mattress comprises features such as sleep monitoring systems. These systems use sensors located under the mattress to track sleeping hours, sleep movements, and other vital records of the user. Such mattresses are characterized by distant operability, automatic angle adjustments, and alarm-setting features. The incorporation of smart features in latex mattresses improves convenience, comfort, and the overall sleeping experience of the user. The launch of smart mattresses will increase the demand, thereby also contributing to the growth of the global latex mattresses market.
“Apart from the introduction of smart features in latex mattresses, the growth of the real estate and construction industry in the APAC region will boost the growth of the global market,” says a senior analyst at Technavio.
Global latex mattress market: Segmentation analysis
This market research report segments the global latex mattress market by distribution channel (offline and online) and geographical regions (APAC, North America, Europe, MEA, South America,).
The APAC region led the market in 2018, followed by North America, Europe, MEA, and South America respectively. During the forecast period, the APAC region is expected to maintain its lead and register the highest incremental growth. This can be attributed to the increase in the reach of global players through well-developed distribution networks.
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Some of the key topics covered in the report include:
Five Forces Analysis
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