Global Foam Mattress Market is projected to grow USD 43.43 Billion by 2024 from USD 26.05 Billion in 2016, exhibiting a CAGR of 6.6% during 2016-2024. Global Foam Mattress Market A few key factors that are driving the Global Foam Mattress Market include increment in home refurbishment and home ownership. Furthermore, growing focus in the services industry especially the hospitality sector worldwide is helping in the increase of global foam mattress market. Global Foam Mattress Market is also progressing from the recovery of industries from economy slump across numerous verticals. Foam mattress are specially used in the transportation industry, which has also seen a growth in the last few years, for providing required comfort and support in seats. Memory foam mattresses are the new-generation mattresses with the ability to recover their shape. These are manufactured from a chemical substance called memory foam that is polyurethane with other added chemicals. Memory foam sleeping mattress helps in reducing sleeping disorder as well, thereby holding a significant market share in the Global Foam Mattress Market. Increase in demand for smart memory foams in bandages, and usage in prosthetics to counter pressure ulcers in products, such as seating pads for patients is further expected to help in foam mattress market growth. High cost of memory foam mattress as compared with spring foam mattress is expected to restrain the Global Foam Mattress Market to some extent as well. North America and Asia Pacific formed some of the major regions for the Global Foam Mattress Market. The consequent increase in population in the Asia Pacific countries along with rise in body aches and sores are a few factors to boost the demand for foam mattress in Asia Pacific region, especially across countries like China, and India.
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