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Smaller countries do matter in the Europe mattress market. - Actual Market Research
Nov, 28
2020

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Smaller countries do matter in the Europe mattress market. - Actual Market Research

 

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According to the report Europe Mattress Market Outlook 2020-25, by Actual Market Research, Europe is the third-largest mattress market, valuing a total of USD 6.13 Billion, contributing to more than 15% in the year 2014. Over 35% of the market’s growth will originate from the Rest of Europe during the forecast period, with Albania being a critical market. Market growth in rest of the Europe is faster than the growth of the market in the major countries.

In the healthcare industry, the demand for mattresses is increasing in nursing homes, clinics, and hospitals. The major players in the mattresses market in Europe have launched convenient, multifunctional hospital beds that are characterized by height adjustment and electronic-connectivity features. The sale of innerspring mattresses in Europe is anticipated to be consistent during the forecast period, contributing to more than 50% of the market share. The memory foam mattress segment is to show the highest growth as an individual mattress segment, yet having a low market share in the year 2019.

The double size mattress is expected to hold the highest share in the European mattress market, of less than 40%. Following it is the queen-size, is expected to cover 20% by the forecasted period, showing the highest increase in the share. Manufacturers and distributors sell their natural material- based mattresses for the quality of sleep and comfort they offer. These are projected to be major driving factors of the luxury mattress market during the forecast period. The rest of Europe will offer several growth opportunities to market vendors during the forecast period. The revival of the domestic economy, the high preference for specialized mattresses, the emerging healthcare industry, and the expansion of the hospitality sector will significantly drive the mattresses market growth in Europe over the forecast period.

Germany dominates the European market, whereas the cluster of smaller countries together contributes the highest in the region, which is expected to grow to over 40% by the end of the forecasted period.