The booming hospitality and tourism sectors and growing construction industry are the major growth drivers for the U.S. mattress market. Due to the aforementioned factors, the industry is projected to generate $26,790.4 million revenue in 2030, advancing at a CAGR of 4.8% during 2020–2030.
Due to the COVID-19 pandemic, the market for mattresses in the U.S. was negatively impacted. The pandemic affected the supply chain, owing to the closure of manufacturing facilities to protect workers, which led to the reduced trade of mattresses. Moreover, as a consequence of the widespread financial distress, the mattress demand declined. Additionally, hotel chains stopped functioning due to the closing of the tourism industry, which led to fewer mattress sales to the commercial sector.
The U.S. mattress market is categorized into innerspring, memory foam, latex, and others, on the basis of product. Among these, the memory foam category is expected to be the fastest-growing category during the forecast period (2021–2030). This is mainly attributed to the growing awareness among consumers regarding the health benefits of memory foam, which conforms to the user’s body and helps in relieving body stress and muscle ache.
Moreover, the U.S. market for mattresses is categorized into single-size mattress, double-size mattress, queen-size mattress, and king-size mattress, on the basis of size. Among these, the queen-size mattress category held the largest share in 2020, and it is expected to retain its position during the forecast period. This will mainly be due to the fact that queen-size mattresses are big enough for two and do not take much space in a room, which is essential for smaller bedrooms.
The southern region was the largest contributor to the U.S. mattress market in 2020. This is mainly due to the large population and growing urbanization rate in regional cities.
Players in the U.S. mattress industry have been involved in product launches to remain competitive. For instance, in February 2021, Tempur Sealy International Inc. introduced a new line of mattresses that leverage memory foam and ultra-responsive coil technologies to offer durability and enhanced support.
Similarly, in May 2020, Kingsdown Inc. announced the upgradation of its premium air chamber mattress, namely Sleep Smart Air. It offers Wi-Fi and voice activation capabilities through Amazon Alexa devices.
The major players operating in the U.S. mattress market are Serta Simmons Bedding LLC, Tempur Sealy International Inc., Casper Inc., Purple Innovations Inc., Leesa Sleep LLC, Spring Air International, Sleep Number Corporation, Saatva Inc., Kingsdown Mattress, and Corsicana Mattress Company.