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Global Hybrid Mattress Market 2019-2023 | 8% CAGR Projection over the Next Five Years | Technavio

May 24, 2019
Technavio has published a new market research report on the global hybrid mattress market from 2019-2023. (Graphic: Business Wire)
Technavio has published a new market research report on the global hybrid mattress market from 2019-2023. (Graphic: Business Wire)

LONDON--(BUSINESS WIRE)--May 24, 2019--

The global hybrid mattress market is expected to post a CAGR of more than 8% during the period 2019-2023, according to the latest market research report by Technavio.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190524005080/en/

Technavio has published a new market research report on the global hybrid mattress market from 2019-2023. (Graphic: Business Wire)

The easy availability of smart gadgets and the increasing penetration of the internet have helped consumers to access online shopping platforms. Moreover, the convenience of online shopping and additional transactional features of e-commerce platforms are shifting consumer preference from offline to online. As a result, hybrid mattress companies are leveraging online platforms to expand their geographical reach and consumer base. Manufacturers and retailers have considerable market potential in developing countries due to the increasing number of internet users. Therefore, the increase in online retailing will significantly contribute to the growth of the hybrid mattress market size during the forecast period.

As per Technavio, the introduction of smart mattresses will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global hybrid mattress market 2019-2023 research report also analyzes other important trends and market drivers that will affect market growth over the forecast period.

Global hybrid mattress market: Introduction of smart mattresses

Smart mattresses are gaining immense popularity in the market as they offer technologically advanced features such as sleep monitoring systems. Sensors located under the mattress track sleeping hours, sleep movements of people, and other vital records. Such mattresses are characterized by distant operability, alarm-setting features, and automatic angle adjustments. The incorporation of such smart features in hybrid mattresses will help improve convenience, comfort, and overall sleeping experience of consumers, thereby, increasing the overall demand for hybrid mattresses.

“Apart from the introduction of smart mattresses, other factors such as the growing demand for eco-friendly mattresses, growth of real estate and construction industry, and the growing need for multifunctional beds will have a significant impact on the growth of the hybrid mattress market size during the forecast period,” says a senior analyst at Technavio.

Global hybrid mattress market: Segmentation analysis

This market research report segments the global hybrid mattress market by distribution channel (online, and offline), and geographic regions (APAC, Europe, MEA, North America, and South America).

The APAC region led the market in 2018, followed by North America, Europe, MEA, and South America respectively. The demand for mattresses, including hybrid mattresses, is increasing significantly, owing to the exponential growth of the real estate industry. The increase in disposable income in countries such as China, India, Japan, and South Korea is adding to the growing demand for new homes, resulting in the growing demand for hybrid mattresses.

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190524005080/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: HOME GOODS MANUFACTURING OTHER MANUFACTURING RETAIL

SOURCE: Technavio Research

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PUB: 05/24/2019 09:20 AM/DISC: 05/24/2019 09:20 AM

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