The global smart mattress market size was valued at USD 1.0 billion in 2018 and is expected to expand at a CAGR of 10.6% from 2019 to 2025. Smart mattresses are typically designed to track the sleep of a person. As known, the amount and quality of sleep have a lasting impact on human health. A smart mattress is equipped with a technology that tracks and sends out information about the adequate amount of sleep a person is getting.
These mattresses can also analyze breathing and heart rates, which helps in calculating how much time a person has spent in REM (rapid eye movement sleep) and deep sleep. A number of smart mattresses also come with climate control ability by providing an onboard heating system on cold nights while some mattresses can create flows of cool air on demand. Factors such as high-speed internet availability and growing smartphone penetration are encouraging consumers across the world to use smartphones to monitor their sleep patterns.
Furthermore, connected smart home devices are becoming extremely popular with consumers around the world. Such smart devices with enhanced network coverage, coupled with innovative technologies, are enabling increased use of smart mattresses over the years. Moreover, improving the integration of communication technologies such as LTE, 4G, and 3G with connected devices is expected to boost demand for smart mattresses in the foreseeable future.
Increasing R&D initiatives are boosting the growth of the global market. Key manufacturers in the market are continuously investing in R&D activities to offer smart 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 smart mattresses are The Pod by Eight Sleep, Sleep IQ by Sleep Number, and RestBed.
Innerspring was the largest product segment, accounting for a share of 31.7% in 2018. Increasing cases of back problems associated with uncomfortable sleeping surfaces are the key factor fueling the growth of the segment. This is driving the manufacturers to introduce smart technology in this category. In emerging economies like Brazil and China, an increasing number of affluent consumers is also boosting the demand for a premium innerspring mattress, thereby driving the integration of technology in it. Eight Sleep offers three models of smart beds: Saturn, Jupiter, and Mars designed with multiple foam layers. Mars is equipped with smart technology integrated into hybrid inner springs and foam.
In terms of value, North America dominated the global smart mattress market with a share of more than 60.0% in 2018. This growth is attributed to the growing penetration of smart devices, continuous technology evolution, rising awareness among consumers with regards to sleep, and increasing investments in R&D in the region.
The majority of the demand is generated by the U.S., which accounted for a revenue share of 84.4% in 2018. The growth is attributed to the presence of a maximum number of manufacturers who are actively involved in technology upgrades to promote healthy and smart sleep patterns.
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 launches to retain the consumer base as well as 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 winter or cool in summer.
Report Attribute |
Details |
Market size value in 2020 |
USD 1.26 billion |
Revenue forecast in 2025 |
USD 2.09 billion |
Growth Rate |
CAGR of 10.6% from 2019 to 2025 |
Base year for estimation |
2018 |
Historical data |
2015 - 2017 |
Forecast period |
2019 - 2025 |
Quantitative units |
Revenue in USD million/billion and CAGR from 2019 to 2025 |
Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Segments covered |
Product, region |
Regional scope |
North America; Europe; Asia Pacific; Central & South America; Middle East & Africa |
Country scope |
U.S.; U.K.; Germany; China; Brazil |
Key companies profiled |
Sleep Number; Eight Sleep; Kingsdown; Responsive Surface Technology; Serta Simmons Bedding; Tempur Sealy International; Hilding Anders; Derucci; Recticel; Sleemon |
Customization scope |
Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country; regional & segment scope. |
Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2025. For the purpose of this study, Grand View Research has segmented the global smart mattress market report on the basis of product and region:
Product Outlook (Revenue, USD Million, 2015 - 2025)
Innerspring
Latex
Memory Foam
Others
Regional Outlook (Revenue, USD Million, 2015 - 2025)
North America
The U.S.
Europe
Germany
U.K.
Asia Pacific
China
Central & South America
Brazil
Middle East & Africa
b. The global smart mattress market size was estimated at USD 1.14 billion in 2019 and is expected to reach USD 1.26 billion in 2020.
b. The global smart mattress market is expected to grow at a compound annual growth rate of 10.6% from 2019 to 2025 to reach USD 2.09 billion by 2025.
b. North America dominated the smart mattress market with a share of 66.1% in 2019. This is attributable to growing penetration of smart devices, continuous technology evolution, and increasing investments in R&D in the region.
b. Some key players operating in the smart mattress market include Sleep Number, Eight Sleep, Kingsdown, Responsive Surface Technology, Serta Simmons Bedding, Tempur Sealy International, Hilding Anders, Derucci, Recticel and Sleemon.
b. Key factors that are driving the market growth include the advanced product features, including tracking of information about the amount of sleep the consumer is getting and climate control ability by providing onboard heating system, among others.
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The home care & decor industry has been witnessing inconsistent growth, since the Covid 19 outbreak. As a result of the ongoing pandemic crisis, there has been a drop in the overall performance of discretionary products such as decorative fixtures, bedding products, to name a few. The virus outbreak has, however, led to substantial growth in categories such as cleaning and hygiene products. Prominent growth in the e-commerce business is also one of the positive influences of the outbreak, wherein companies are focusing on expanding their distribution networks to online channels in order to cater to the surging consumer demand. Our team is diligently working towards accounting these factors in our report with the aim of providing you with the up-to-date, actionable market information and projections.
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