Smart Mattress Market Growth, Future Trends, and Business Opportunities
19 June 2019, Global smart mattress market is anticipated to witness an exponential growth in the
forecast period. A smart mattress constitutes sleep-monitoring systems. Sensors
located track motion, and the other vital records. The factors that propel the
growth of the market include increasing investments in R&D, innovative
mattresses with smart features, smart mattresses release electromagnetic
radiations and are suggested for adults, increasing concern, growing
hospitality and healthcare industry, surge in demand, growing disposable
income, and increasing penetration of high-speed Internet and smartphones.
On the other hand, there
are factors that may hamper the growth of the market including an increase in
cost wars among existing vendors and lack of consciousness among the
population. Smart mattress market is anticipated to expand at a significant
CAGR of 11.16% in the upcoming period as the scope, product types, and its
applications are increasing across the globe. The market has emerged as a new
trend, is rising investments in R&D activities to produce innovative
mattresses with smart characteristics. In addition, these smart mattresses emit
electromagnetic radiation and are thus not recommended for children.
Market could be explored
by type, product type, application and geography. Market by type could span
>60 inches, 40-60 inches, and <40 inches. The market could be segmented
by product type as Latex Mattress, Foam Mattress, Innerspring Mattress and
Other.
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| Smart Mattress Market |
The key applications that could be
explored in the market include Hospitals, Hotels, Private Households and Other.
The “Hospitals” segment led the smart mattress market in 2016 and will continue
to lead in the forecast period. The key factors that may be attributed to the
growth of the market includes increasing demand from hospitals and the
healthcare industry and rising consciousness.
North America accounted for the major
share of the smart mattress market in 2017 and will continue to lead in the
forecast period. The factors that could be attributed to the growth include
high saturation of mattresses in this region, increasing investments in R&D
activities on smart mattresses, acceptance of smart mattresses, increasing
occurrence of sleep disorders and increased acceptance of the Internet. North
America is followed by the Asia-Pacific region.
Some of the key players that fuel the
growth of the smart mattress market comprise Eight Sleep, Sleep Number,
Responsive Surface Technology, Kingsdown, Tempur Sealy International, Serta
Simmons Bedding, Dellucci, Hilding Anders, Sleemon and Recticel. The leading
companies are taking up partnerships, mergers and acquisitions, and joint
ventures in order to boost the inorganic growth of the industry.
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