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Memory Foam Mattress and Pillow Market in US - Industry Outlook and Forecast 2018-2023

Memory Foam Mattress and Pillow Market in US - Industry Outlook and Forecast 2018-2023

The US memory foam mattress and pillow market are projected to reach values more than $8 billion by 2023, growing at a CAGR of approximately 9% during 2017-2023. The market research report also offers market size analysis in terms of unit shipment volumes during the forecast period.
The presence of various online retailers such as Amazon, Amerisleep, and eBay will increase the convenience of the consumers and offer a diverse range of products in the US market. Futuristic inventions in the mainstream sleeping solutions and technologies would boost investors’ confidence in the market over the next few years. The US memory foam mattress and pillow market are driven by the cost-effectiveness of low-end and mid-range memory foam mattresses and pillows offered online retailers. The improving employment opportunities and increasing disposable income are leading to the rise of the purchasing power of end-users in the US market. The market research report provides in-depth market analysis and segmental analysis of the US memory foam mattress and pillow market by product, distribution channel, and geography.
The study considers the present scenario of the US memory foam mattress and pillow market and its market dynamics for the period 2018−2023. It covers a detailed overview of various market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyzes the leading companies and various other prominent companies operating in the market.

Memory Foam Mattress and Pillow Market in US – Dynamics

The leading vendors are focusing on marketing memory foam mattresses and pillows as healthier alternatives to traditional products in the US market. The strategy to highlight the health benefits of these products will boost revenues in the memory foam mattress market. A large group of US nationals is looking for healthier sleep products and traditional alternatives that will improve their body posture. Several players are selling latex mattresses, and innerspring mattresses with individual pocket coils are also using boxable beds to gain a larger consumer group in the US market. The trend of packaged compressed mattresses is entering into the mainstream channel of distribution in the US and becoming an established way of marketing bedding online. This trend will reduce the need to store, maintain inventory, and reduce the overall cost of mattresses, resulting in higher sales in the memory foam mattress market. The growing popularity of gel-infused and plant-based products will revolutionize the US memory foam mattress market. These mattresses were designed to give a cooling comfort to end-users and reduce heating during sleep. The introduction of products with innovations designed to offer enhanced cooling comfort and a rich sleep experience will enable companies to sustain the intense competition in the US memory foam mattress market.

Memory Foam Mattress and Pillow Market in US - Segmentation

This market research report includes a detailed segmentation of the market by product, end-users, and distribution channels. The pillow segment accounted for less than 1/4th of the total market share in 2017, growing at a CAGR of around 4% during the forecast period. These memory foam pillows are made of either a single piece of foam or shredded memory foam fillings. The vendors are designing these products to either shaped like a normal pillow or contoured to fit the shape of head or neck of the end-users. The commercial segment occupied around 1/3rd of the market share in 2017, growing at a CAGR of more than 11% during the forecast period.

The commercial segment includes the sale of mattresses and pillows to commercial users in the hospitality industry such as exclusive spas, premium hotels, international airports, and others, and healthcare facilities such as hospitals. The exponential growth of the hospitality and healthcare industries is propelling the growth of this segment in the US mattress and memory foam pillow market. The online segment in the fastest growing segment and it accounted for over 1/3rd of the total market share in 2017. The development of e-commerce portals and online direct-to-consumer stores such as Amazon, eBay, Amerisleep, Casper, and Tuft & Needle is propelling the growth of this segment in the US market.

Market Segmentation by Products
Mattress
Polyurethane Foam Mattress
Gel-Infused Foam Mattress
Plant-Based Foam Mattress
Pillow

Market Segmentation by End-User
Residential
Commercial

Market Segmentation by Distribution Channel
Retail
Mattress Specialty Retailers
Furniture Retailers
Mass Market Players
Others
Online

Key Vendor Analysis

The US memory foam mattress and pillow market is highly fragmented with the presence of several regional and international players. The top companies are leveraging technology to alter and refine their unique value proposition in the US market. The vendors are launching products with high functionality and comfortability to sustain the intense competition levels in the US market. The players are competing on the basis of product/service extensions, technological innovations, and M&A activities in the US market. The introduction of many innovative and advanced solutions will help vendors meet dynamic consumer demands in the US memory foam mattress and pillow market.

The major vendors in the US memory foam mattress and pillow market are:
Serta Simmons Bedding
Sleep Number
Tempur Sealy International

Other prominent vendors in the US memory foam mattress and pillow market include Ashley Furniture Industries, Corsicana Bedding, Dorel Industries, Englander Sleep Products, E. S. Kluft&Company, Kingsdown, King Koil, Mattress Firm, Leggett & Platt, Restonic, Southerland Bedding, Spring Air International, Symbol Mattress, and Therapedic International.
Emerging brands in the US memory foam mattress and pillow market are Amerisleep, Bear Mattress, Casper Sleep, GhostBed, Helix Sleep, Keetsa, Loom & Leaf by Saatva, Leesa Sleep, Nest Bedding, Novaform, Purple Innovation, Tuft and Needle, and Yogabed.

Key market insights include
1. The analysis of US memory foam mattress and pillow market provides market size and growth rate for the forecast period 2018-2023.
2. It offers comprehensive insights into current industry trends, trend forecast, and growth drivers about the US memory foam mattress and pillow market.
3. The report provides the latest analysis of market share, growth drivers, challenges, and investment opportunities.
4. It offers a complete overview of market segments and the regional outlook of US memory foam mattress and pillow market.
5. The report offers a detailed overview of the vendor landscape, competitive analysis, and key market strategies to gain competitive advantage.


1 Research Methodology
2 Research Objectives
3 Research Process
4 Report Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope of Study
4.3.1 Market Segmentation by Product Type
4.3.2 Market Segmentation by End-user Type
4.3.3 Market Segmentation by Distribution Type
4.3.4 Market Segmentation by Geography
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Inclusions
5.3 Exclusions
5.4 Currency Conversion
5.5 Market Derivation
6 Market at a Glance
7 Introduction
7.1 Market Overview
7.2 Memory Foam: Introduction
7.3 Evolution of Memory Foam mattresses
7.4 Advantages of Memory foam mattress over innerspring
7.4.1 Mattress Posture Support
7.4.2 Mattress Firmness
7.4.3 Temperature Sensitivity
7.4.4 Maintenance
7.4.5 Bendability
7.5 MacroEconomic Factors Enabling Market Growth
7.5.1 Economic Development
7.5.2 Increase in Per Capita GDP
7.5.3 Dual-income Households
8 Market Dynamics
8.1 Market Growth Enablers
8.1.1 Growing Direct-to-consumer Business
8.1.2 Increasing Cases of Sleep Disorders among US Nationals
8.1.3 Marketing of Memory Foam Mattresses & Pillows as Healthy Alternatives to Traditional Mattresses
8.1.4 YOY Impact of Market Growth Enablers
8.2 Market Growth Restraints
8.2.1 Growing Low-cost Chinese Imports
8.2.2 Volatility in Raw Material Prices
8.2.3 Issues Related to Memory Foam Mattresses
8.2.4 YOY Impact of Market Growth Restraints
8.3 Market Opportunities & Trends
8.3.1 Baby Boomers to Drive Demand
8.3.2 Growing Adoption of Bed-in-a-box Concept
8.3.3 Increasing Sales of Gel-infused and Plant-based Variants
8.3.4 YOY Impact of Market Opportunities & Trends
9 Value Chain Analysis
9.1 Value Chain overview
9.2 Value Chain Analysis
9.2.1 Raw Material and Component Suppliers
9.2.2 Manufacturers
9.2.3 Distributors and Dealers
9.2.4 Retailers
9.2.5 End-user
10 US Mattress Market
10.1 Market Overview
10.1.1 Historical Data 2000−2016
10.1.2 Market Size & Forecast 2017−2023
11 Memory Foam mattress & Pillow Market in US
11.1 Market Overview
11.1.1 Historical Data 2000−2016
11.1.2 Market Size & Forecast 2017−2023
11.2 Porter’s Five Forces Analysis
11.2.1 Threat of New Entrants
11.2.2 Bargaining Power of Suppliers
11.2.3 Bargaining Power of Buyers
11.2.4 Threat of Substitutes
11.2.5 Competitive Rivalry
12 Market By Product Type
12.1 Market Overview
12.2 Traditional/polyurethane Memory Foam Mattress
12.2.1 Market Size & Forecast
12.3 Gel-infused Memory Foam Mattress
12.3.1 Market Size & Forecast
12.4 Plant-based Memory Foam Mattress
12.4.1 Market Size & Forecast
12.5 Memory Foam Pillow
12.5.1 Market Size & Forecast
13 Market by End-Users
13.1 Market Overview
13.2 Residential Segment
13.2.1 Market Size & Forecast
13.3 Commercial Segment
13.3.1 Market Size & Forecast
14 Market by Distribution Channel
14.1 Market Overview
14.2 Manufacture, Production, and Distribution
14.3 Distribution through Mattress Specialty Retail Stores
14.4 Distribution through Online Websites
15 Competitive Landscape
15.1 Market Overview
15.2 Key Market Vendor Analysis
15.2.1 Tempur Sealy International
15.2.2 Serta Simmons Bedding
15.2.3 Sleep Number
16 Key Company Profiles
16.1 Serta Simmons Bedding
16.1.1 Business Overview
16.1.2 Serta Simmons Bedding in Memory Foam Mattress & Pillow Market in US
16.1.3 Major Product Offerings
16.1.4 Key Strategies
16.1.5 Key Strengths
16.1.6 Key Opportunities
16.2 Sleep Number
16.2.1 Business Overview
16.2.2 Sleep Number in Memory Foam Mattress & Pillow Market in US
16.2.3 Major Product Offerings
16.2.4 Key Strategies
16.2.5 Key Strengths
16.2.6 Key Opportunities
16.3 Tempur Sealy International
16.3.1 Business Overview
16.3.2 Tempur in Memory Foam Mattress & Pillow Market
16.3.3 Major Product Offerings
16.3.4 Key Strategies
16.3.5 Key Strengths
16.3.6 Key Opportunities
17 Other Prominent Vendors
17.1 Ashley Furniture Industries
17.1.1 Company Overview
17.1.2 Product Offerings
17.1.3 Strength
17.1.4 Strategy
17.2 Corsicana Bedding
17.2.1 Company Overview
17.2.2 Product Offerings
17.2.3 Strength
17.2.4 Strategy
17.3 Dorel Industries
17.3.1 Company Overview
17.3.2 Product Offerings
17.3.3 Strength
17.3.4 Strategy
17.4 Englander Sleep Products
17.4.1 Company Overview
17.4.2 Product Offerings
17.4.3 Strength
17.4.4 Strategy
17.5 E. S. Kluft & Company
17.5.1 Company Overview
17.5.2 Product Offerings
17.5.3 Strength
17.5.4 Strategy
17.6 Kingsdown
17.6.1 Company Overview
17.6.2 Product Offerings
17.6.3 Strength
17.6.4 Strategy
17.7 King Koil
17.7.1 Company Overview
17.7.2 Product Offerings
17.7.3 Strength
17.7.4 Strategy
17.8 Mattress Firm
17.8.1 Business overview
17.8.2 Product Offerings
17.8.3 Strength
17.8.4 Strategy
17.9 Leggett & Platt
17.9.1 Company Overview
17.9.2 Product Offerings
17.9.3 Strength
17.9.4 Strategy
17.1 Restonic
17.10.1 Company Overview
17.10.2 Product Offerings
17.10.3 Strength
17.10.4 Strategy
17.11 Southerland Bedding
17.11.1 Company Overview
17.11.2 Product Offerings
17.11.3 Strength
17.11.4 Strategy
17.12 Spring Air International
17.12.1 Company Overview
17.12.2 Product Offerings
17.12.3 Strength
17.12.4 Strategy
17.13 Symbol Mattress
17.13.1 Company Overview
17.13.2 Product Offerings
17.13.3 Strength
17.13.4 Strategy
17.14 Therapedic International
17.14.1 Company Overview
17.14.2 Product Offerings
17.14.3 Strength
17.14.4 Strategy
18 Emerging Brands
18.1 Amerisleep
18.1.1 Business Overview
18.1.2 Product Offerings
18.2 Bear Mattress
18.2.1 Business Overview
18.2.2 Product Offerings
18.3 Casper Sleep
18.3.1 Business Overview
18.3.2 Product Offerings
18.4 GhostBed
18.4.1 Business Overview
18.4.2 Product Offerings
18.5 Helix Sleep
18.5.1 Business Overview
18.5.2 Product Offerings
18.6 Keetsa
18.6.1 Business Overview
18.6.2 Product Offerings
18.7 Loom & Leaf by Saatva
18.7.1 Business Overview
18.7.2 Product Offerings
18.8 Leesa Sleep
18.8.1 Business Overview
18.8.2 Product Offerings
18.9 Nest Bedding
18.9.1 Business Overview
18.9.2 Product Offerings
18.10 Novaform
18.10.1 Business Overview
18.10.2 Product Offerings
18.11 Purple Innovation
18.11.1 Business Overview
18.11.2 Product Offerings
18.12 Tuft & Needle
18.12.1 Business Overview
18.12.2 Product Offerings
18.13 Yogabed
18.13.1 Business Overview
18.13.2 Product Offerings
19 Report Summary
19.1 Key Takeaways
19.2 Strategic Recommendation
19.3 Qualitative Summary
19.4 Quantitative Summary
20 Appendix
20.1 Abbreviations
List of Exhibits
Exhibit 1 Segmentation of Memory Foam Mattress & Pillow Market in US
Exhibit 2 Market Size Calculation Approach 2017
Exhibit 3 Market Size Calculation 2017
Exhibit 4 Overview of Memory Foam Mattress & Pillow Market in US
Exhibit 5 Evolution of Memory Foam Mattresses 1966−2018
Exhibit 6 Change in Real GDP in US 2017−2023 (%)
Exhibit 7 Dual-income Households in US (1970 vs. 2015)
Exhibit 8 Mattress Cost Structure: Online vis-à-vis Physical Store
Exhibit 9 Growing Web-based Offline Retail Sales (%)
Exhibit 10 Sleeping Behavior in US by Age Group
Exhibit 11 Fluctuations in Global Crude Oil Prices 2003−2017 ($ per barrel)
Exhibit 12 US Producer Price Index: Urethane and Other Foam Product Manufacturing 2013−2018
Exhibit 13 US Demography by Population Group 2017 (million)
Exhibit 14 YOY Revenue Growth of Gel-infused & Plant-based Memory Foam Mattresses 2017−2023 (%)
Exhibit 15 Value Chain of Memory Foam Mattress Market & Pillows in US
Exhibit 16 Mattress Market in US: An Overview
Exhibit 17 Mattress Market in US: Historical Data 2000−2016 (million units)
Exhibit 18 Mattress Market in US: Historical Data 2000−2016 ($ billion)
Exhibit 19 Mattress Market in US: Historical Data by Mattress Type 2000−2016 (million units)
Exhibit 20 Mattress Market in US: Historical Data by Mattress Type 2000−2016 ($ billion)
Exhibit 21 Mattress Market in US 2017−2023 (million units)
Exhibit 22 Mattress Market in US 2017−2023 ($ billion)
Exhibit 23 Mattress Market in US: Product Segments 2017−2023 (million units)
Exhibit 24 Mattress Market in US: Product Segments 2017−2023 ($ billion)
Exhibit 25 ASP of Mattresses by Types 2000−2023 ($)
Exhibit 26 CAGRs: Specialty Mattress vis-à-vis Overall Mattress and Innerspring Mattress 2017−2023
Exhibit 27 Mattress Market in US: Major Driving Factor 2000–2023
Exhibit 28 Pillow Market in US 2017−2023
Exhibit 29 Memory Foam Mattress Market in the US 2000−2016 (million units)
Exhibit 30 Memory Foam Mattress Market in US 2000−2016 ($ billion)
Exhibit 31 Memory Foam Mattress Market in US 2017−2023 (million units)
Exhibit 32 Annual Saving Ratio of US
Exhibit 33 Change in US GDP Growth Rate (Q1 2006−Q2 2016)
Exhibit 34 Memory Foam Mattress Market in US 2017−2023 ($ billion)
Exhibit 35 Correlation between Consumer Sentiment and Mattress Market Growth 2000–2017
Exhibit 36 Correlation between GDP Growth and Mattress Market Growth 2000–2017
Exhibit 37 ASP of Memory Foam Mattress in US 2000−2023
Exhibit 38 Growth in Labor Costs in Various Chinese Cities in 2016
Exhibit 39 Net Protectionist Measures Implemented in Select European Countries Vis-à-vis Other Countries 2009−2017
Exhibit 40 Five Forces Analysis 2017
Exhibit 41 Memory Foam Mattress & Pillow Market in US: Product Overview
Exhibit 42 Memory Foam Mattress & Pillow Market in US: Product Type 2017
Exhibit 43 Memory Foam Mattress & Pillow Market in US: Product Type 2017−2023 ($ billion)
Exhibit 44 Memory Foam Mattress & Pillow Market in US: Product Type YOY Revenue Growth 2018−2023 (%)
Exhibit 45 Traditional Polyurethane Memory Foam Mattress Market 2017−2023
Exhibit 46 Gel-infused Memory Foam Mattress Market 2017−2023
Exhibit 47 Plant-based Memory Foam Mattress Market 2017−2023
Exhibit 48 Memory Foam Pillow Market in US 2017−2023
Exhibit 49 Memory Foam Mattress & Pillow Market in US: End-user Overview
Exhibit 50 Memory Foam Mattress & Pillow Market in US: End-users 2017
Exhibit 51 Memory Foam Mattress & Pillow Market in US: End-users 2017−2023 (%)
Exhibit 52 Correlation between Housing Starts and Mattress Market Growth 2000–2017
Exhibit 53 Rising Consumer Revolving Credit in US (% change)
Exhibit 54 Memory Foam Mattress Market in US: Residential Segment 2017−2023
Exhibit 55 Memory Foam Pillow Market in US: Residential Segment 2017−2023
Exhibit 56 Mattress Ownership per Household in US 2000–2017
Exhibit 57 Hotel Development Project in US January 2016−September 2017
Exhibit 58 Memory Foam Mattress Market in US: Commercial Segment 2017−2023
Exhibit 59 Memory Foam Pillow Market in US: Commercial Segment 2017−2023
Exhibit 60 Distribution Channel of Memory Foam Mattresses & Pillows in US
Exhibit 61 Distribution Channel Flow of Memory Foam Mattresses & Pillows
Exhibit 62 Shift in Mattress Purchasing Retail Point in US 2000−2023
Exhibit 63 Memory Foam Mattress & Pillow Market in US by Distribution Channels 2017 (Revenue)
Exhibit 64 Memory Foam Mattress & Pillow Market in US: Top Vendor Ranking 2017
Exhibit 65 Top 5 Mattress Brands in US 2017
Exhibit 66 Shift in Market Shares of Mattress Producers in US 2011−2017
Exhibit 67 US Mattress Market: Direct-to-consumer Vendor Share 2017
List of Exhibits
Table 1 Key Caveats
Table 2 Currency Conversion 2013−2017
Table 3 YOY Impact of Market Growth Enablers 2017−2023
Table 4 Leading Mattress Importer Countries to US 2017
Table 5 Average Unit Price of Imported Mattress in US by Select Countries 2017
Table 6 YOY Impact of Market Growth Restraints 2017−2023
Table 7 YOY Impact of Market Opportunities & Trends 2017−2023
Table 8 Various Memory Foam Mattresses in the US: Key Facts
Table 9 Price Comparison of Various Memory Foam Mattress Types
Table 10 Price Comparison of Various Mattress Types
Table 11 Average Minimum Wages in Various APAC Countries
Table 12 Leading Specialty Mattress Retailers in US by Number of Stores 2017
Table 13 Serta Simmons Bedding: Product Offerings
Table 14 Sleep Number: Product Offerings
Table 15 Tempur Sealy International: Product Offerings
Table 16 Qualitative Summary of Memory Foam Mattress & Pillow Market in US
Table 17 Mattress Market in US by Revenue: Wholesale and Retail Market 2000–2023 ($ billion)
Table 18 Mattress Market in US: Wholesale Shipment 2000−2023 (million units)
Table 19 Mattress Market in US: Revenue 2000−2023 ($ billion)
Table 20 Memory Foam Mattress Market in US: Revenue and Unit Shipment 2000–2023
Table 21 Memory Foam Mattress Market in US by Product Segments 2017−2023 ($ billion)
Table 22 Memory Foam Mattress Market in US by Product Segments 2017−2023 (million units)
Table 23 Memory Foam Mattress Market in US by Residential Segments 2017−2023 ($ billion)
Table 24 Memory Foam Mattress Market in US by Residential Segments 2017−2023 (million units)
Table 25 Memory Foam Mattress Market in US by Commercial Segments 2017−2023 ($ billion)
Table 26 Memory Foam Mattress Market in US by Commercial Segments 2017−2023 (million units)

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