Global Latex Mattress Market 2020 (Includes Business Impact of COVID-19)

                                          
“Global Latex Mattress Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by Trusted Business Insights. The global latex mattress market report has been segmented as per source, end user, sales channel, and region.

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Global Latex Mattress Market: Overview

Latex mattress contains either reflex or springs foam to create a durable and supportive sleep surface and natural latex comes from the rubber tree. Latex mattress offers superior quality, convenient, and comfortable to the end user. The latex pillows and mattresses are very famous across the globe coupled with various features including temperature regulating, eco-friendly, resilient, anti-microbial, and others.

Global Latex Mattress Market: Dynamics

Increasing penetration of smartphones and the Internet in developing and developed countries and expanding e-commerce sector across the globe are major factors boosting growth of the global latex mattress market. In addition, the rising disposable income of individuals and the increasing popularity of global latex mattress across the globe are key factors projected to propel growth of the global market during the forecast period.

Growing demand for latex mattress among individuals, owing to rising consumer expenditure on various health-enhancing products across the globe is a key factor anticipated to fuel growth of the global market. In addition, increasing popularity of technologically advanced mattresses among individuals and rising awareness about several beneficial features associated with latex mattress. These are other major factors anticipated to support growth of the global latex mattress market over the forecast period.

Furthermore, increasing product developments and innovations in latex mattress is other factor anticipated to propel growth of the target market in the next 10 years. In addition, rising government initiatives in housing schemes is another factor estimated to support growth of the global latex mattress market.

However, a factor expected to hamper growth of the global market includes continuous volatility in the raw material rates. In addition, the availability of latex mattress alternative in the market may affect growth of the target market to a certain extent.

Global Latex Mattress Market: Segment Analysis

Among source segments, the natural segment is projected to capture the largest revenue share of the global market, attributable to the consumers’ high awareness towards the natural products.

Increasing adoption of latex mattress in several hotels and hospitals in developed and developing countries major factor driving revenue growth of the commercial segment among the end-user segments.

Global Latex Mattress Market: Region Analysis

The market in the Asia Pacific holds major revenue share in the global market and is anticipated to dominate target market over the forecast period, owing to high demand for premium mattress and expanding healthcare and hospitality industries in countries such as China, India, and Japan in this region. The market in North America is anticipated to register lucrative growth in the global market followed by the market in Europe, owing to high health concern among individuals, high spending on home furniture, and rapid adoption of advanced mattresses in countries such as Canada, US, UK, Italy, France, and Germany in these regions. The market in Middle East & Africa and Latin America are projected to witness moderate growth in terms of revenue, due to rising awareness about various features associated with latex mattress among individuals in countries in these regions.

Global Latex Mattress Market Segmentation:

Segmentation by Source:

Natural
Synthetic
Blended

Segmentation by End User:

Residential
Commercial

Segmentation by Sales Channel:

Supermarkets/Hypermarkets
Specialty Stores
Multi-brand Stores
E-commerce