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Smart Mattress Market Thriving $2.1 Billion Revenue By 2025: Grand View Research Inc

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Smart Mattress Market Thriving $2.1 Billion Revenue By 2025: Grand View Research Inc

August 07
08:12 2019
Smart Mattress Market Thriving $2.1 Billion Revenue By 2025: Grand View Research Inc

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research,Factors such as growing popularity of smart homes, high-speed internet availability, increasing concerns over healthy sleep, and growing smartphone penetration are anticipated to drive the market.

According to a report,“Smart Mattress Market Size, Share & Trends Analysis Report By Product (Innerspring, Latex, Memory Foam), By Region (North America, Europe, APAC, CSA, MEA), And Segment Forecasts, 2019 – 2025”, published by Grand View Research, Inc.,

The global smart mattress market size is expected to reach USD 2.1 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 10.6% over the forecast period. Factors such as growing popularity of smart homes, high-speed internet availability, increasing concerns over healthy sleep, and growing smartphone penetration are anticipated to drive the market.

Increasing R&D initiatives are boosting the growth of global market. Key manufacturers in the market are continuously investing in R&D activities to offer advanced mattress solutions and maintain a competitive edge over their competitors. These manufacturers are focusing on providing smart mattresses that emit fewer electromagnetic radiations and possess enhanced features. Some of the popular products are The Pod by Eight Sleep, Sleep IQ by Sleep Number, and RestBed.

Innerspring was the largest product segment with a share of 31.7% in 2018. Increasing cases of back problems associated with uncomfortable sleeping surfaces is the key factor boosting the growth of the segment. This, in turn, is driving the manufacturers to introduce advanced technology in this category. For instance, Eight Sleep offers three models of smart beds: Saturn, Jupiter, and Mars designed with multiple foam layers. Mars is equipped with smart technology integrated to hybrid innersprings and foam.

In terms of value, North America dominated the global market with a share of more than 60.0% in 2018. This is due to growing penetration of smart devices, continuous technology evolution, rising consumer awareness with regards to sleep, and increasing investments in R&D in the region. Majority of the demand is generated by U.S., which contributed a revenue share of 84.4% in 2018.

Some of the major players operating in the global market are Sleep Number, Eight Sleep, Kingsdown, Responsive Surface Technology, Serta Simmons Bedding, Tempur Sealy International, Hilding Anders, Derucci, Recticel and Sleemon. Companies in this industry are majorly focused on product launch to retain the consumer base as well cater to their changing preferences. For instance, in February 2019, Eight Sleep launched a new biometric-monitoring smart mattress that features a dual thermostat, which can either keep the bed warm in winters or cool in summers.        

To request a sample copy or view summary of this report, click the link below: 
https://www.grandviewresearch.com/industry-analysis/smart-mattresses-market

North America smart mattress market size, by product, 2015 - 2025 (USD Million)

Further key findings from the report suggest:

  • North America held the largest smart mattress market share of more than 60.0% in 2018

  • Innerspring accounted for 31.7% share of the total revenue in 2018, and is projected to exhibit a significant increase in the next few years.

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Global smart mattress market share, by region, 2018 (%)

Grand View Research has segmented the global smart mattress market on the basis of product and region:

Smart Mattress Product Outlook (Revenue, USD Million, 2015 – 2025)

  • Innerspring

  • Latex

  • Memory Foam

  • Others

Smart Mattress Regional Outlook (Revenue, USD Million, 2015 – 2025)

  • North America

    • U.S.

  • Europe

    • Germany

    • U.K.

  • Asia Pacific

    • China

  • Central and South America

    • Brazil

  • Middle East and Africa

Explore the BI enabled intuitive market research database, Navigate with Grand View Compass, by Grand View Research, Inc.

About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 26 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 426 analysts and consultants, the company adds 2200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 600 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

For more information: www.grandviewresearch.com

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Company Name: Grand View Research, Inc.
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Website: www.grandviewresearch.com/industry-analysis/smart-mattresses-market