Increasing Tourist Activities Driving Mattress Demand in U.S...| MENAFN.COM

Thursday, 30 June 2022 03:51 GMT

Increasing Tourist Activities Driving Mattress Demand in U.S.

(MENAFN- P&S Intelligence) The U.S. Travel Association states that 79.3 million global visitations were recorded in the U.S. in 2019. The association also states that the federal government invested more than $21 million in the tourism sector in the financial year (FY) 2020–2021. It also reveals that the people in the U.S. made 2,317 million trips within the country in 2019. As the tourism industry is the backbone of the hospitality sector, the surging number of domestic trips will create a huge requirement for mattresses in the U.S.

Additionally, the booming construction sector, on account of the growing population and mounting investments being made in residential construction, will help the U.S. mattress market exhibit a CAGR of 4.8% during 2020–2030. According to P&S Intelligence, the market revenue will rise from $16,716.5 million in 2020 to $26,790.4 million by 2030. According to the U.S. Census Bureau, the population of the country will surge from 326 million in 2017 to 404 million by 2060. As per the bureau, the population will cross 400 million by 2058.

In recent years, the U.S. populace has shown a high inclination toward customized mattresses to enhance comfort and avoid potential back issues. Additionally, the availability of customized mattresses also enables customers to choose mattresses that fit perfectly into personalized bed frames. For example, Americans can buy customized mattresses from Tempur Sealy International, which offers the option of modifying the size, thickness, and firmness of mattresses as per the height and weight of individuals.

In the preceding years, the residential and commercial sectors in the U.S. preferred queen-size mattresses over king-size, single-size, and double-size mattresses, as they offer adequate space for two people and do not occupy much space in a room. All these different sizes of mattresses are available on online and offline distribution channels. In recent years, offline distribution channels recorded the highest sales of mattresses in the country as a large number of people prefer to visit a physical store to buy these products and trust physical retailers for aftersales services.

In the U.S., both distribution channels offer different sizes of latex, water, air, gel, hybrid, innerspring, and memory foam mattresses manufactured by Corsicana Mattress Company, Saatva Inc., Spring Air International, Purple Innovations Inc., Tempur Sealy International Inc., Kingsdown Mattress, Sleep Number Corporation, Leesa Sleep LLC, Casper Inc., and Serta Simmons Bedding LLC. These companies are currently focusing on offering improved mattresses to cater to the evolving needs of the customers.


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