Increasing consumer demand for additional bedding in hotels are driving the adoption of air mattresses in the commercial sector.
DUBAI, UAE / ACCESSWIRE / March 16, 2020 / The global air mattress market will grow at a robust CAGR of around 9% during the forecast period, 2019-2029. Their odorless, fully inflatable and space-efficient properties are enabling their applicability across various sectors. For enhanced convenience, manufacturers are integrating air mattresses with electronic air filling technology.
"While the commercial sector has been the conventional customer of air mattresses, growing prevalence of the nuclear family system is fueling their application in the residential sector. This is attributable to increasing urban real estate property expenses which are compelling consumers to shift towards cost-efficient, and convenient bedding alternatives," opines the FMI study.
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Air Mattress Market - Key Findings
- Twin air mattresses remain highly preferred owing to large bed space and easy availability.
- Commercial sector holds leading revenue share; adoption in the residential sector to rise rapidly.
- Non-medicated air mattresses will maintain their primacy; medicated variants to exhibit noteworthy growth rate.
- North America takes the lead in the air mattress market; East Asia's market to offer white spaces.
Air Mattress Market - Key Driving Factors
- The firmness of air mattresses can be adjusted, making them beneficial for patients with joint-related issues.
- Rising preference for compact rooms owing to proliferation of nuclear families is providing impetus to market growth.
- Growing trend of wellness tourism to bolster adoption of air mattresses in the hotel industry.
- Notable shift towards healthy sleeping patterns, especially in developed regions, to boost revenue pools of manufacturers.
Air Mattress Market - Key Restraints
- Limited durability of air mattresses owing to their predisposition to leaks and punctures, are hindering their adoption.
Explore the complete air mattress report with detailed market segmentation, 92 illustrative figures, and 96 data tables spread across 250 pages on https://www.futuremarketinsights.com/request-special-price/rep-gb-11103
Competition Landscape of Air Mattress Market
Prominent players in the air mattress market include DeVilbiss Sidhil Ltd., ALPS Mountaineering, SizeWise, LazerLazery, Sleepy Sleep, Restoration Goods, Bestway, Somnio LLC, American National Manufacturing, Inc., Intex Development Co. Ltd., WENZEL Group, Coleman Company, Inc., Sound Asleep Products, Fox Air Beds, and King Koil. Being a highly competitive market, manufacturers are focusing on product footprint expansion with the launch of innovative products. Moreover, they are entering into M&A to maintain competitiveness.
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About the Report
This Future Market Insights report of 250 pages offers an in-depth evaluation of air mattress market dynamics. The report covers segmentation analysis on the basis of product type (medicated, and non-medicated), size (full, twin, king, queen, and other), pump type (electric, battery operated, and other), application (residential, and commercial), and price range (high/ premium, and mid-range/ economy) and region (North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa).
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition.
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SOURCE: Future Market Insights