Scope of the Study
The global spring mattresses market is expected to grow at a slow pace during the forecast period, according to the AMA study. Increasing demand for low-cost & durable luxury mattresses and increasing adoption due to the advantages such as shock absorbing & freeness from wear & tear of the mattress are expected to be some of the major factors aiding into the growth for the market. However, the market is expected to witness some decline in the growth for the next few months due to the current pandemic but it is again expected to rise with a healthy pace after the COVID-19 pandemic is over.
The market study is being classified by Type (Single Bed Mattress and Multi Bed Mattress), by Application (Residential and Commercial) and major geographies with country level break-up.
Corsicana Mattress Company (United States), Kingsdown Inc. (United States), Kurlon Limited (United States), McRoskey Mattress Company (United States), RAYSON Mattress Manufacturers (China), Relyon Limited (United Kingdom), Serta Inc. (United States), Sheela Foam Limited (India), Simmons Bedding Company (United States), Sleep Number (United States), Southerland Inc. (United States), Tempur Sealy International (United States) and The Comfort Group Ltd (Australia) are some of the key players profiled in the study.
The vendors in this market are majorly focusing on developing innovative products & solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Spring Mattresses market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Spring Mattresses market by Type, Application and Region.
On the basis of geography, the market of Spring Mattresses has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Demand for Low-Cost Luxury Matresses
- Increasing Adoption due to the Advantages such as Shock Absorbing and Reduction in Wear & Tear of the Mattress
- Increasing Demand for Durable Luxury Mattress
- Changing Llifestyle of People Across Emerging Economies
- Short Term Restraint for the Market Due to Shutting Down of Operations & Process of Different Companies Across Different Parts of the World Due to COVID-19 Pandemic
- Poor Back Support for Body which Leads to Painful Aches When Used for a Longer Duration of Time
- Opportunities in the Asia Pacific Region due to Rising Demand Propelled by Increasing Disposable Income
- Requirement of Periodic Maintenance
- Restrictions such as Non-Foldable Product Due to the Chances of Spring Damage in the Mattress
Market Leaders and their expansionary development strategies
In April 2020, Kurl-on Limited announced that it has completed the acquisition of the US-based luxury mattress manufacturer Spring Air.
Stringent Worldwide Government Regulations Regarding Lockdown of Cities' & States' Operations Leading to Demand & Supply Gap in the Market
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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