When you see commercials for mattresses on the television, or online, you may wonder just how many companies there are that sell them. You may also wonder how large is the entire mattress industry since there are so many businesses that sell them. If you have been to a showroom where mattresses are available, they typically have 20 or 30 out front, and more than likely hundreds in the back that can be delivered. Multiply that times the thousands of stores that sell them, this is likely a very large industry. Let’s discuss how large the mattress industry is and what the prospect is for this industry to keep on growing.
How Large Is The Net Worth Of The Mattress Industry?
The mattress industry, as of 2018, was valued at around $27 billion. This means that, over the course of the last decade, it has grown nearly 4%. If you are in the United States, you are probably aware of several of the top mattress manufacturers including Serta, Simmons and Seeley. There are others including Tempur-Pedic, Select Comfort, and many others that make up part of this billion-dollar industry. There are other smaller companies that cater to different countries including Vital Group and Merita. Regard to worldwide production, Sealy is the largest manufacturer, with Serta being the top seller.
Will This Industry Continue To Grow?
It is likely that this industry will continue to grow because it is based upon the growth of the population of the planet. As more industrialized countries continue to increase the number of people that they have, more people are going to need mattresses. Since most people do not like to use a used mattress, and the financing options are so exceptional, it is likely that you will have a global increase in this industry from this point forward with no indication that it will stop growing.
What Is The Most Popular Mattress Manufacturer?
Although you might assume that Sealy or Serta would be the most popular because they have so many sales, there are others that are becoming more popular. Include Sleep Number, Novaform and the highly publicized Tempur-Pedic company that makes an exceptional mattress product. Despite their popularity, it is the volume of sales that tends to dictate which company is the best and that designation will continue to be Serta, Simmons, and Sealy. They are simply better at producing quality mattresses in volume, is why they are at the top of the list.
Other Reasons That This Industry Will Continue To Enlarge
There is another reason why this industry will continue to grow. In the past, there were only a few manufacturers that were able to produce mattresses in mass volume. However, there are many upstart companies that are beginning to sell mattresses, some of which offer exceptional mattresses designed to provide a better sleeping experience. One of the leading companies in this industry is called Ashley Furniture, which is also known as a top furniture marketer. There is also Therapedic, Englander, Sherwood, Symbol, and King Koil. We live in an age where it is very easy to market new products to different people worldwide. This is because of the Internet. It is so easy to market new products that you are manufacturing, and the mattress industry has many businesses that are very good at selling their products. Most importantly, people like to try new things. If you can come up with the mattress that is unique, and can help people out, you will probably sell many of them. From new adjustable mattresses, to those that can be shipped in a box, it is a clear sign this industry is always in a perpetual mode of growth.
This billion-dollar industry is likely to get larger. It has come a long way the last few decades, and will continue to grow. As the population continues to increase, and expansion into rural areas continues, more mattresses will continue to be sold. There is nothing quite like having a new mattress that can help you sleep better, and that’s the main reason that people will make this type of investment. Additionally, the financing options offered by the companies that sell them make it so easy to sell mattresses the general public.