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What Is the Forecasted Revenue Growth of the Memory Foam Mattress Market Over the Next Decade?

Recent years have seen a robust growth in the market size of memory foam mattresses. The market, which stands at $5.74 billion in 2024, is set to expand to $6.18 billion in 2025 - a compound annual growth rate (CAGR) of 7.5%.

The expansion witnessed in the historic period springs from factors like environmental concerns, sustainability, demographic shifts, the impact of celebrity endorsements, and overall market growth.

The market size of memory foam mattresses is projected to witness substantial growth in the coming few years. It is anticipated to reach a value of $8.25 billion by 2029, with a compound annual growth rate (CAGR) of 7.5%.

Factors contributing to this growth during the forecast period include sleep disorders, trends in the housing market, the growth of e-commerce, health and wellness awareness, and education. Major upcoming trends during the forecast period include the integration of smart technology, improvement in cooling features, emphasis on sleep hygiene, rising competition fuelling innovation, and the advent of hybrid designs.

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What Are the Core Drivers Influencing Growth in the Memory Foam Mattress Sector?

The memory foam mattress market's growth is predicted to be bolstered by the expansion of e-commerce. E-commerce involves the transfer of money or information through an electronic network, predominantly the Internet, for the transaction of goods and services.

The growth of e-commerce is fueled by increased internet use, convenience, and a rising inclination towards online shopping.

E-commerce provides easy access to a diverse range of memory foam mattresses, allowing customers to compare costs and features before buying from the comfort of their own homes.

For example, based on data from the Census Bureau of the Department of Commerce, a US government department, e-commerce sales in February 2024 saw a 7.5% increase in the fourth quarter of 2023 compared to the same period in 2022. Thus, the e-commerce expansion is propelling the memory foam mattress market's growth.

What Type-Based Segments Dominate the Memory Foam Mattress Industry?

The memory foam mattress market covered in this report is segmented -

1) By Type: Below 10 Centimeter, 10-30 Centimeter, Above 30 Centimeter

2) By Size: Twin, Twin Extra Large, Full Size, Other Sizes

3) By Applications: Residential Use, Commercial Use

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What Disruptive Trends Are Reshaping the Memory Foam Mattress Industry Landscape?

Leading brands in the memory foam mattress market are concentrating on creating innovative products such as mattresses with cooling technology, to secure a competitive spot in the market. Cooling technology mattresses are revolutionary sleeping items fashioned to tackle the concern of hot sleep by integrating superior materials and technologies to balance temperature and improve thermal comfort during sleep.

For example, Malouf Home, a company based in the United States that specializes in bedding and furniture, introduced two new products - the FlexFill Pillow with a HyperChill cover, in the US market in February 2024. The FlexFill Pillow with a HyperChill cover gives a conventional feel to the shredded memory foam fill with a down-alternative, and it includes a HyperChill cool-touch cover to provide a desirable cooling sensation for customers.

The pillow's HyperChill cooling gel infusion regulates temperature and helps in heat dispersion, leading to a cooler and comfortable environment for sleep. The design of the pillow is aimed at enhancing the entire sleeping experience by offering both support and temperature management, making it an ideal accessory for a memory foam mattress known for its molding features.

Who Are the Top Innovators in the Global Memory Foam Mattress Industry?

Major companies operating in the memory foam mattress market report are Leggett & Platt Inc.; Tempur Sealy International Inc.; Sleep Number Corporation; Serta Inc.; Hilding Anders International AB; Dorel Industries Inc.; Sinomax Group Limited; Sheela Foam Limited; Corsicana Bedding Inc.; Wakefit Innovations Pvt. Ltd.; Restonic Mattress Corporation; Zinus Inc.; Tuft & Needle LLC; Kurlon Enterprise Ltd.; Nectar Sleep Ltd.; Peps Industries Private Limited; King Koil; Brooklyn Bedding; Amerisleep LLC; Centuary Fibre Plates Pvt .Ltd.; DeRUCCI International Holdings Limited; Sleep Management Pvt.

Ltd.; Novosbed Inc.; Duroflex Private Limited

What Are the Top-Performing Regions in the Memory Foam Mattress Market Outlook?

Asia-Pacific was the largest region in the memory foam mattress market in 2024. The regions covered in the memory foam mattress market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Memory Foam Mattress Market Size, Share, and CAGR Trends from 2025 to 2029