In this blog post, we will delve into the latest statistics and trends in the US mattress industry. From sales figures to consumer preferences, we will explore key insights and developments shaping the mattress market. Stay tuned to discover the numbers behind this essential component of the sleep industry.
The Latest Us Mattress Industry Statistics Explained
The US mattress market size reached $14.22 billion in 2020.
The statistic “The US mattress market size reached $14.22 billion in 2020” indicates the total revenue generated from the sales of mattresses in the United States during the year 2020. This figure serves as a key indicator of the overall size and financial performance of the mattress industry within the country. The increasing market size suggests a growing demand for mattresses, which can be influenced by factors such as population growth, consumer preferences, economic conditions, and marketing strategies employed by companies in the industry. Analyzing market size data allows businesses, investors, policymakers, and researchers to assess the health and potential growth opportunities within the mattress sector, aiding in strategic decision-making and forecasting future trends.
The market is forecasted to reach around $20.26 billion by 2026.
This statistic indicates a projected financial outlook for the market, suggesting that the total market value is expected to increase to approximately $20.26 billion by the year 2026. This forecast likely takes into account various factors such as historical market trends, growth rates, industry developments, and other relevant data to estimate the future size of the market. Stakeholders, investors, and decision-makers can use this information to anticipate potential opportunities, challenges, and overall market dynamics in the upcoming years.
Online mattress sales in the U.S. had an approximate value of $2.66 billion in 2020.
The statistic means that in 2020, the total sales revenue generated from online mattress sales in the United States amounted to around $2.66 billion. This figure represents the combined value of all mattresses purchased through online retail channels over the course of the year. The data highlights the significant growth and popularity of online mattress purchasing, likely influenced by factors such as convenience, competitive pricing, and an increasing trend towards e-commerce. The substantial revenue generated underscores the importance of online sales channels for the mattress industry, demonstrating a shift in consumer behavior towards online shopping platforms for such essential household items.
Revenue of the U.S. mattress retail market approximated to $16.78 billion in 2019.
The statistic indicates that the revenue generated by the U.S. mattress retail market reached an estimated value of $16.78 billion in the year 2019. This figure reflects the total sales income generated by all mattress retailers operating in the United States during that year. The sizeable revenue amount suggests a significant level of consumer spending on mattresses within the U.S. market, highlighting the importance of the mattress industry within the retail sector. This statistic provides valuable insight into the economic activity and consumer behavior related to the mattress retail market in the United States during 2019.
Profit in the mattress production sector in the US was about $680 million in 2020.
The statistic states that the profit generated in the mattress production sector in the US amounted to approximately $680 million in 2020. This figure represents the total financial gain derived from the production and sale of mattresses within the industry for that particular year. Profit in this context refers to the amount of revenue left over after deducting the expenses incurred during the production process. The $680 million profit indicates the sector’s overall financial success and economic contribution, reflecting the demand for mattresses in the US market and the efficiency of production operations within the industry during the specified time period.
In 2020, 42.6 million mattresses were shipped in the United States.
In 2020, a total of 42.6 million mattresses were shipped in the United States, representing a significant volume of the mattress market. This statistic provides insight into the scale of the mattress industry in the country, indicating the high demand for mattresses among consumers. Such a high number of mattress shipments also reflect various factors such as housing trends, population growth, consumer preferences, and economic conditions that drive the market. This statistic is crucial for businesses in the mattress industry to understand the market size, competition, and potential opportunities for growth and innovation within the sector.
The largest mattress retailer in the U.S. is Mattress Firm with over 900 stores.
The statistic “The largest mattress retailer in the U.S. is Mattress Firm with over 900 stores” indicates that Mattress Firm holds the leading position in the market in terms of the number of stores it operates. This suggests that Mattress Firm has a significant presence across the country, making its products accessible to a wide customer base. The fact that the retailer has over 900 stores signifies its expansive reach and potentially strong market share in the mattress industry. The statistic highlights Mattress Firm’s dominance in the U.S. market and its ability to cater to the diverse needs of consumers seeking mattresses, bedding accessories, and related products.
The mattress industry employs approximately 17,500 people in the United States.
The statistic stating that the mattress industry employs approximately 17,500 people in the United States provides insight into the size and significance of the industry in terms of employment opportunities. This figure indicates that there is a considerable workforce involved in producing, selling, and distributing mattresses within the country. The statistic also suggests that the mattress industry is a notable contributor to the overall economy, providing jobs and livelihoods for a significant number of individuals. Understanding the scale of employment within the mattress industry can offer valuable information for policymakers, researchers, and businesses looking to assess the industry’s impact and potential for growth and development.
The average unit price for mattresses was $209.24 in 2019.
The statistic “The average unit price for mattresses was $209.24 in 2019” represents the mean price of mattresses in the given year. This value is calculated by adding up the unit prices of all mattresses sold in 2019 and dividing by the total number of mattresses. The average unit price is an important metric for understanding the pricing trends in the mattress industry and can provide insights into consumer purchasing behavior, market competition, and economic factors influencing pricing strategies. In this case, a mean price of $209.24 suggests that the average mattress sold in 2019 was priced around this value, serving as a reference point for retailers, manufacturers, and consumers in the market.
As of 2019, about 61% of mattresses sold in the US were innerspring mattresses.
The statistic states that in 2019, approximately 61% of mattresses sold in the United States were innerspring mattresses. This implies that the market for mattresses in the US was dominated by innerspring mattresses at that time, with a majority of consumers choosing this type of mattress over other options such as memory foam, latex, or hybrid mattresses. The high percentage suggests that innerspring mattresses remained popular among consumers, possibly due to factors such as affordability, familiarity, or perceived comfort. Retailers and manufacturers in the mattress industry could use this information to inform their product offerings and marketing strategies to continue meeting the demand for innerspring mattresses and potentially capitalize on this market trend.
Memory foam mattresses accounted for about 24% of mattresses sold in the US in 2019.
The statistic that memory foam mattresses accounted for about 24% of mattresses sold in the US in 2019 indicates the market share of memory foam mattresses within the larger mattress industry for that particular year. This percentage suggests that memory foam mattresses were a popular choice among consumers compared to other types of mattresses such as innerspring or latex mattresses. The data reflects the increasing popularity of memory foam mattresses due to their comfort, pressure-relieving properties, and ability to conform to the body. Understanding market share is valuable for mattress manufacturers and retailers to tailor their marketing strategies, product development, and inventory management to meet consumer preferences and capitalize on trends in the industry.
California is the leading state in mattress manufacturing with about 110 manufacturing plants.
The statistic stating that California is the leading state in mattress manufacturing with about 110 manufacturing plants indicates that California has a significant presence in the mattress industry compared to other states. Having 110 manufacturing plants implies a robust mattress manufacturing sector in California, which likely contributes to the state’s economy and job market. This statistic demonstrates California’s specialization and expertise in producing mattresses, potentially due to factors such as raw material availability, skilled labor force, industry infrastructure, and market demand. Overall, the high number of manufacturing plants underscores California’s position as a key player in the mattress manufacturing industry within the United States.
Over 35% U.S. consumers say that they are ready to buy a mattress online.
The statistic that over 35% of U.S. consumers are ready to buy a mattress online indicates a significant level of willingness among American consumers to make large purchases like mattresses through online retailers. This data suggests that the convenience, availability of information, and potentially lower prices offered by online mattress retailers have resonated with a sizable portion of the population. The trend towards online mattress shopping may be driven by factors such as the ability to compare a wide range of products, read customer reviews, and take advantage of promotional offers. This statistic highlights the increasing comfort and trust consumers have in making significant purchases online, demonstrating the potential for continued growth in e-commerce for the mattress industry.
Tempur Sealy International is the largest player in the US mattress industry, with 25.3% of the market.
The statistic stating that Tempur Sealy International is the largest player in the US mattress industry with a market share of 25.3% indicates that the company holds a significant portion of the market compared to its competitors. This suggests that Tempur Sealy International is a dominant force in the industry, potentially benefiting from economies of scale and brand recognition. A high market share also indicates that the company has been successful in attracting and retaining customers, outperforming other players in terms of sales and distribution. Additionally, Tempur Sealy International’s market leadership position may give it a competitive advantage in terms of pricing power, product innovation, and overall industry influence.
Over 80% of mattresses sold in the US are produced domestically.
The statistic “Over 80% of mattresses sold in the US are produced domestically” indicates that a significant majority of mattresses available for purchase in the United States are manufactured within the country’s borders. This suggests a strong presence of domestic production in the mattress industry, which may have implications for factors such as supply chain efficiency, cost control, and quality standards. The high percentage of domestically produced mattresses could also reflect consumer preferences for supporting local industries, as well as regulations or trade policies that promote or protect domestic manufacturing. Overall, this statistic highlights the importance of domestic production in meeting the demand for mattresses in the US market.
The bedding accessories market, including mattress protectors, pads, and toppers, is worth $2.36 billion in 2020.
The statistic indicates that the total market value of bedding accessories, which includes products such as mattress protectors, pads, and toppers, amounted to $2.36 billion in the year 2020. This figure provides insight into the significant size and economic importance of the bedding accessories industry within the broader home goods market. The market value of $2.36 billion reflects the collective consumer expenditures on various bedding accessories, suggesting a substantial demand for products aimed at enhancing both the comfort and longevity of mattresses. Additionally, this statistic underscores the potential growth opportunities and competitive landscape within the bedding accessories sector as companies aim to capture a share of this sizable market.
67% of U.S. mattress buyers considered brand in their buying decision.
The statistic that 67% of U.S. mattress buyers considered brand in their buying decision indicates that a majority of consumers place importance on the reputation and perceived quality associated with specific mattress brands when making a purchase. This highlights the significance of brand recognition and consumer trust within the mattress industry, suggesting that consumers value factors such as brand reputation, reliability, and trustworthiness when selecting a mattress. Understanding the impact of brand perception on consumer behavior can provide valuable insights for mattress manufacturers and retailers looking to differentiate themselves in a competitive market and cater to the preferences and priorities of consumers.
Mattress industry annual payroll is around $885 million.
The statistic “Mattress industry annual payroll is around $885 million” indicates the total amount of money paid to employees working within the mattress industry on an annual basis. This figure encompasses salaries, wages, bonuses, and other forms of compensation provided to workers across various roles within the industry. The sizeable payroll amount of $885 million highlights the significance of the mattress industry as an economic contributor, providing livelihoods for numerous individuals and supporting households through employment opportunities and financial stability. This statistic underscores the economic impact of the mattress industry in terms of job creation and income generation within the broader workforce.
Waterbeds accounted for just 0.3% of US mattress sales in 2019.
The statistic indicates that waterbeds made up a very small portion of the United States mattress market in 2019, accounting for only 0.3% of total mattress sales. This suggests that waterbeds are not a popular choice among consumers compared to other types of mattresses. The low percentage indicates that the demand for waterbeds is relatively low, likely due to factors such as changing consumer preferences, advancements in mattress technology, and the rising popularity of alternative mattress types. Manufacturers and retailers may need to consider this trend when making decisions about product offerings and marketing strategies in the mattress industry.
The average lifespan of a mattress is 7-8 years, driving consistent demand for new products.
The statistic stating that the average lifespan of a mattress is 7-8 years indicates that most consumers replace their mattresses within that timeframe due to wear and tear or changes in personal preferences. This information highlights a key driver of consistent demand for new mattress products in the market. With a defined timeframe for replacement, manufacturers and retailers can anticipate and plan for ongoing sales as consumers seek to replace their mattresses to ensure comfort, support, and hygiene. This statistic is essential for stakeholders in the mattress industry to strategize their marketing, production, and sales efforts to meet the ever-present demand for new products in this market segment.
Conclusion
The US mattress industry statistics provide valuable insights into the trends and dynamics shaping the market. By analyzing key figures such as sales revenue, market share, and consumer preferences, businesses and consumers alike can make informed decisions. Understanding these statistics is crucial for businesses seeking to stay competitive and for consumers looking to choose the best mattress options that fit their needs.
References
0. – https://www.www.sleepfoundation.org
1. – https://www.www.ibisworld.com
2. – https://www.www.furnitureworld.com
3. – https://www.www.expertmarketresearch.com
4. – https://www.www.furnituretoday.com
5. – https://www.www.statista.com
6. – https://www.www.prnewswire.com
