Transparency Market Research delivers key insights on the global luxury and premium mattress market. In terms of revenue, the global luxury and premium mattress market is estimated to expand at a CAGR of 4.5% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the global luxury and premium mattress market report.
In this market report, TMR predicts the rising commercial sector (hospitality and healthcare) across the globe to have a noteworthy impact on the overall luxury and premium mattress market. The increasing adoption of natural mattresses is likely to propel the growth of the luxury and premium mattress market.
Luxury and premium mattress is a comfort bedding product that helps the user enjoy quality sleep and rest. It enhances the interior of residential and commercial spaces. On the other hand, luxury and premium mattresses made of natural filling such as down, feather, cotton, and wool, have gained momentum driving the market in recent years.
The increasing sales of luxury and premium mattresses through several eCommerce sites are likely to drive the market in the upcoming years. End users preferring new designs, patterns, and a blend of material to obtain better comfort are influencing the demand for luxury and premium mattresses. The surging number of premium commercial spaces across the globe is also a factor promoting the sales of luxury and premium mattresses. In addition, users are personally opting for luxury and premium mattresses of recognized brands, materials, processing, and certification, which is also a factor encouraging the growth of the market.
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The growing popularity of luxury and premium mattresses in the residential sector is likely to augment the demand in the near future. The increasing number of commercial spaces such as hotels, resorts, and spas are an opportunity for growth in the luxury and premium mattress market. Suppliers may also promote several modules of premium interiors across the globe in order to gain the attention of users about their products. In addition, suppliers may also collaborate with commercial spaces such as resorts and hotels in order to provide them with customized solutions and increase the sales of their product.
In terms of product type, the luxury and premium mattress market has been segmented into memory foam mattress, latex mattress, hybrid mattress, innerspring mattress, and others. During the forecast period, the market is anticipated to be dominated by innerspring mattress and memory foam mattress segments. Based on end use, the luxury and premium mattress market has been bifurcated into residential and commercial. Furthermore, the commercial segment is divided into hotels, resorts, and others.
A unique research methodology has been utilized by TMR to conduct a comprehensive research on the growth of the global luxury and premium mattress market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions.
Secondary sources referred to by analysts during the production of the global luxury and premium mattress market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of TMR’s study on the luxury and premium mattress market as a primary source.
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These primary and secondary sources provided exclusive information during interviews, which serves as a validation from luxury and premium industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global luxury and premium mattress market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped in making TMR’s estimates on the future prospects of the global luxury and premium mattress market more reliable and accurate.
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