The global air mattress market is forecasted to achieve a valuation of approximately US$ 330 million by the end of 2029, marking significant growth from its value of around US$ 138 million in 2019. With this projection, the market is set to demonstrate a notable compound annual growth rate (CAGR) of approximately 9.0% between 2019 and 2029. Regionally, North America is anticipated to lead the market.
The North American air mattress market holds significant dominance, driven by extensive utilization across commercial sectors like hotels and hospitals. The adoption of medicated air mattresses, aiding in blood circulation and pressure relief during sleep, further amplifies market growth. With rising awareness and expanded commercial usage, the air mattress market in North America is poised for accelerated expansion.
The report listed a reduction in indoor space as one of the factors helping to make Inflatable bed and beds an important product for urban residents. High durability, no odor and their ability to expand fully in a few minutes should increase sales worldwide.
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Key Factors Fueling the Air Mattress Market Boom:
Growing demand for outdoor activities: Camping, hiking, and other outdoor adventures are gaining popularity, driving the need for portable and comfortable sleeping solutions. Air mattresses offer a perfect blend of both.
Increasing urbanization and smaller living spaces: As cities become more crowded, living spaces tend to shrink. Air mattresses provide a convenient and space-saving option for guest accommodation or occasional use.
Technological advancements: Innovations like built-in pumps, self-inflating designs, and improved comfort features are making air mattresses more user-friendly and appealing to a wider audience.
Rising disposable incomes and changing consumer preferences: Consumers are increasingly prioritizing experiences and leisure activities, leading to a higher disposable income and a willingness to invest in comfortable and convenient products like air mattresses.
E-commerce boom: The convenience and wide selection offered by online platforms are driving sales and making air mattresses more accessible to a global audience.
Opportunities for Market Players:
Focus on innovation: Develop new features and technologies that enhance comfort, convenience, and durability.
Cater to diverse needs: Offer a variety of sizes, designs, and functionalities to cater to different user segments (camping, home use, guests, etc.).
Embrace sustainability: Use eco-friendly materials and manufacturing processes to appeal to environmentally conscious consumers.
Leverage online platforms: Partner with e-commerce giants and utilize digital marketing strategies to reach a wider audience.
Who is Winning?
Some of the leading players operating in the Air Mattress market are DeVilbiss Sidhil Ltd.; ALPS Mountaineering; SizeWise; LazerLazery; Sleepy Sleep; Restoration Goods; Bestway; Somnio LLC; American National Manufacturing, Inc.; Intex Development Co. Ltd.; and WENZEL Group, Coleman Company, Inc., Sound Asleep Products, Fox Air Beds, King Koil etc. As a result of increasing competition, companies are focusing on expanding their product portfolio with innovative offerings. In addition to this, mergers and acquisition remains a popular strategy among market players. Companies intend to expand their regional footprint through strategic collaborations.
