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United States Mattress Market Analysis and Demand Forecast to 2030: Increasing Number of Health-Conscious consumers & Surging Demand for Eco-Friendly Mattresses
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United States Mattress Market Analysis and Demand Forecast to 2030
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NEW YORK, Jan. 25, 2021 /PRNewswire/ Construction spending in the U.S. was $1.324 trillion in November 2019, which was 4.1% more than the $1.271 trillion in 2018, says the U.S. Census Bureau. This boom in infrastructure development activities is expected to drive the U.S. mattress market from $15,728.8 million in 2019 to $22,519.9 million in 2030, at a 3.5% CAGR between 2020 and 2030, according to the market research study published by P&S Intelligence.
In addition, the spending on residential construction in the country witnessed a 2.7% growth between 2018 and 2019. This is helping the U.S. mattress market grow, as, with the increasing sales of houses, the demand for mattresses is rising too. As per the January 2020 report of Wells Fargo, the Housing Market Index in the country witnessed an increase.