Adjustable beds and mattresses allow users to manually or electronically make adjustments to their sleeping experience, such as changing the height, incline or geometry of their bed. While common in hospitals — and increasingly common in hotels — recent years have seen a majority of sales being made by residential consumers.
Adjustable beds have a reputation for meeting the needs of the elderly, those with limited mobility and people experiencing chronic pain. However, these beds can benefit anyone who is looking for greater control over the comfort of their bed.
During the COVID-19 pandemic, impacts on the import and export of raw materials affected the entire manufacturing sector, including the adjustable bed and mattress market. The lifting of pandemic-era restrictions led to an increase in online sales, restarting growth in the market.
Key Insights:
- The adjustable bed and mattress market was valued at $10.5 billion in 2023.
- The market is expected to grow at a CAGR of 14.2% between 2024 and 2030, reaching $25.5 billion.
- In 2021, more than half of the adjustable bed and mattress market revenue, over 54%, came from bed sales.
- Residential consumers accounted for nearly 81% of market revenue in 2021.
General Adjustable Bed Statistics
The adjustable bed and mattress market can be subdivided into beds and mattresses. Adjustable beds accounted for roughly 54.5% of the market’s revenue in 2021. It is forecast that bed sales will continue growing, maintaining a majority share of the market. However, adjustable mattress sales are projected to log a faster compound annual growth rate (CAGR).
Customers of adjustable beds and mattresses are broken down by residential and non-residential. Residential customers, those buying beds and mattresses for personal use, accounted for more than 80.8% of market revenue in 2021. This is thought to be driven by a general move toward higher spending on comfort across the X, Y and Z generations. Non-residential consumers, such as hospitals and hotels, are forecast to register a faster CAGR than residential consumers.
Adjustable Bed Market by Region
In 2021, North America accounted for the highest regional revenue in the adjustable bed and mattress industry, grossing nearly 38% of market revenue. In 2022, the Asia-Pacific region’s market share was expected to total 30% and has been forecast to experience the fastest growth rate of any region, attributable in part to economic development and urbanization.
Safety standards applying to manufacturers vary by region. For example, manufacturers in the U.S. must follow standards established by both the Business and Institutional Furniture Manufacturers Association (BIFMA) and the American National Standards Institute (ANSI).
Adjustable Beds Market Scope and Predictions
From 2017 to 2021, the global adjustable bed and mattress market saw a 5% CAGR. More recently, the market jumped from a value of $6.24 billion in 2021 to $10.5 billion in 2023. By 2030, the market is forecast to hit $25.5 billion, representing a 14.2% CAGR between 2024 and 2030.
Top Companies In the Adjustable Bed Market
Offline distribution channels, such as specialty brick-and-mortar stores, accounted for a majority of revenue in the adjustable bed and mattress market in 2021, grossing more than 67% of distribution revenue. Specialty stores offer customers the benefits of interfacing with trained sales associates, experiencing demonstrations across a selection of products and securing fast delivery times.
That said, online retail in the adjustable bed and mattress market is forecast to grow at a faster rate than offline retail. In order to boost customer confidence, online retailers have introduced quality assurance offers, such as free 100-night trials.
The adjustable bed and mattress industry is made up of established companies as well as relatively newer competitors. Established players have both expanded operations and introduced new offerings in order to hold on to market share. Ergomotion, the largest adjustable bed base manufacturer, established its first North American assembly plant in 2020, located in Chihuahua, Mexico. In 2021, major mattress manufacturer Southerland Sleep rolled out the American Sleep line, offering new products such as hybrid and two-sided mattresses.
Major companies operating in the adjustable bed and mattress market include the following:
- Amerisleep
- Boyd Sleep
- Ergomotion
- Glideaway
- Leggett & Platt, Inc.
- Serta, Inc.
- Southerland Sleep
- Tempur Sealy International, Inc.
- The Sleepwell Company
- Sealy Technology LLC
- Sleep Number Corp.
Why Is the Adjustable Bed and Mattress Market Growing?
There are a number of factors driving growth in the adjustable bed and mattress market. As the population ages, more consumers are turning to beds that fit their changing mobility needs. At the same time, younger generations are placing a higher premium on quality sleep. The growing popularity of smart home products is also expected to drive the industry, as people introduce greater product control throughout their home.
FAQ
How large is the adjustable bed and mattress market?
In 2023, the global adjustable bed and mattress market was valued at $10.5 billion.
Is the adjustable bed and mattress market a growth industry?
The adjustable bed and mattress market is expected to grow at a 14.2% CAGR between 2024 and 2030.
Who buys adjustable beds and mattresses?
Common in hospital settings, adjustable beds are also being adopted by hotels. Adjustable beds and mattresses are also used by individuals with limited mobility, those with chronic pain, the elderly and people who place a premium on quality sleep.
Sources
"Adjustable Beds & Mattress Market Size, Share & Trends Analysis Report By Product (Adjustable Beds, Adjustable Mattress), By End-user (Residential, Non-Residential), By Distribution Channel, And Segment Forecasts, 2022 - 2030." Grand View Research. Evaluated May 2, 2024.
"Global Adjustable Bed Market By Type (Single Bed, Double Bed), By Application (Household, Commercial), By Geographic Scope And Forecast." Verified Market Reports. Evaluated May 3, 2024.
"Adjustable Beds and Mattress Market Outlook." Fact.MR. Evaluated May 3, 2024.