Europe Mattress Market To Generate $14,382.8 Million Revenue by 2030

The increasing disposable income, surging urbanization rate, favorable government policies related to real estate development, and proliferating healthcare and hospitality sectors are some of the key factors for the European mattress market growth. Due to the aforesaid factors, the industry is expected to generate $14,382.8 million revenue in 2030, growing at a CAGR of 6.9% during the forecast period (2021–2030).

The COVID-19 pandemic negatively impacted the market growth, due to the factories' temporary closures and supply chain disruptions, which, in turn, curtailed the trade of mattresses. Moreover, due to the implementation of lockdowns, many showrooms and retail stores were closed, and those that remained open witnessed a severely reduced footfall, which also hindered the sales of mattresses. However, the surging preference of consumers toward online purchasing is expected to have a positive influence on the market growth in the coming years.

Innerspring Mattresses Dominated the Market

The European mattress market is classified into innerspring, memory foam, latex, and others, based on product. In 2021, the innerspring category accounted for the largest market share, due to the increasing sales of innerspring mattresses across the region. Further, escalating incidence of back disorders caused due to uncomfortable sleeping surfaces and elevating number of wealthy consumers bolster their demand.

Further, the market is bifurcated into residential and commercial, based on end use. Of these, the commercial category is expected to record a higher growth rate over the forecast period, owing to the burgeoning hotel and healthcare sectors. The uses of mattresses in nursing homes, clinics, and hospitals have been witnessing an upward trend in recent years and the surging preference of hotel chains for high-quality mattresses to provide more comfort and sound sleep to their customers are expected to contribute to the market growth in this category.

France registered the largest share in the European mattress market in 2021, in terms of value. This is because bedding products, being a common household furnishing item, have experienced a high demand over the years in France. Moreover, new compact products under the bed-in-box range are proving to be convenient for users and easy to ship for retailers; therefore, gaining momentum in the French market. Whereas, the mattress market in the U.K. is expected to witness the fastest growth over the forecast period, due to the rising number of residential units and hotels in the country.

Product Launches and Partnerships Are Most-Effective Strategic Measures

Players in the European mattress industry have been involved in product products and partnerships to remain competitive in the market. For instance, in February 2021, Tempur Sealy International Inc. introduced a new line of mattresses. The new Sealy mattresses leverage memory foam and ultra-responsive coil technologies to offer durability and enhanced support.

Moreover, in January 2020, SleepScore Labs announced its partnership with Serta Simmons Bedding (SSB) LLC for conducting first–of–its–kind sleep study and exploring the effects of sleeping on the iComfort by Serta CF4000 mattress and its ability to create comfortable and restful sleep. Throughout this sleep study, SleepScore Labs used SleepScore technology powered by ResMed to track and assess non-contact measurements from participants’ sleep.

Some major players operating in the market for mattresses in Europe are Spring Air International, Kingsdown Inc., King Koil Licensing Company Inc., Tempur Sealy International Inc., Emma Sleep GmbH, Relyon Beds Limited, Royal Auping bv, Leggett & Platt Incorporated, Pikolin S.L., and Vita (Holdings) Limited.