Adjustable Beds & Mattress Market Size, Share & Trends Analysis Report By Product (Adjustable Beds, Adjustable Mattress), By End-user (Residential, Non-Residential), By Distribution Channel and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America).
The global Adjustable Beds & Mattress market size was estimated at USD 7.3 billion in 2023 and is projected to reach USD 12.7 billion in 2030 at a CAGR of 8.3% during the forecast period 2023-2030.
Adjustable beds allow the user to recline at various angles and positions in accordance with their needs. This can alleviate the persistent pain that sciatica, arthritis, and other illnesses might cause. By giving the user a variety of leg and head positions to select from, the user may relieve pressure on injured joints as they sleep, leading to less discomfort and better movement the following day. Raising the lower body or upper back may assist the person in regaining mobility and improving circulation. Designs that enhance sleeping positions and can provide foot warming to draw in a larger customer base along with raising consumer awareness of the product's advantages will further contribute by creating enormous opportunities that will fuel the growth of the adjustable beds and Mattress market.
Age-related population growth is accelerating worldwide. According to UN estimates, 703 million people in the world were 65 or older in 2019. By 2050, 1.5 billion people are expected to be elderly citizens. Globally, the proportion of individuals 65 and older rose from 6% in 1990 to 9% in 2019. By 2050, the ratio is predicted to rise to 16%, which would indicate that 1 in 6 individuals worldwide will be 65 or older. The rising incidence of chronic sleep deprivation has a substantial influence on a person's quality of life. Several aspects, including jet lag, respiratory issues, and disruptions brought on by mattress discomfort owing to durability and stiffness, have been proven in numerous clinical trials. As a result, customers are spending a lot of money on high-quality mattresses, helping the sector to expand.
Because of the COVID-19 epidemic, individuals are staying at home more, which has led to furniture renovations and updates. Due to poor lumbar support, stiff spine curvature, and back pain, people commonly have sleep problems. In addition to working from home and working nights, this has increased product sales. Also, the hotel industry saw an increase in demand for adjustable beds and mattresses due to a spike in the number of individuals who began traveling again once the outbreak's effects subsided.
One tactic used by hoteliers to entice more guests is the remodeling of hotels and restaurants, which has resulted in a sharp rise in retail furniture sales. Over the projected period, the adjustable beds category is expected to maintain its dominance. This section includes single and double beds of various sizes. In order to preserve the power reclining and the headrest, consumers choose adjustable bases that fit into the bed frames. North America accounted for the greatest revenue share in 2021 as a result of the global aging population and the growth in back pain patients. Manufacturers are offering cutting-edge technologies that offer good functionality and are put into a variety of bed and mattress designs. Due to advancements in mattresses like AirFoamTM, modern mattress technology and individual sleep goals may be harmonized.
North America to Dominate the Market