Global Latex Mattress Market 2014-2018 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-04-11 10:03:01
The Global Latex Mattress market is forecast to grow at a CAGR of 14.87 percent over the period 2014-2018. One of the key factors contributing to this market growth is the need for environment-friendly products. The Global Latex Mattress market has also been witnessing the product innovation through R&D activities. However, the high cost of latex mattresses could pose a challenge to the growth of this market.
Key vendors dominating this space include Astrabeds LLC, Organic Mattress Inc., Pure LatexBliss LLC, Royal-Pedic Mattress Manufacturing LLC.
Other vendors mentioned in the report are Boyd Specialty Sleep, Comfort Solutions, FloBeds, Sealy Corp., Simmons Bedding Co.
The following companies represent the key players in Global Latex Mattress Market: Astrabeds LLC, Organic Mattress Inc., Pure LatexBliss LLC, Royal-Pedic Mattress Manufacturing LLC.
The need for vendors to produce innovative latex mattresses is leading to increased expenditure on R&D activities. Latex mattresses, though natural, are heavy, costly, and considered to be less comfortable than memory foam mattresses. In an effort to address these issues, vendors are increasing their R&D investment and introducing innovative latex mattresses such as the Split Firmness Latex Mattress and Natural Latex Crib Mattresses into the market. Some manufacturers are also experimenting with natural latex by mixing it with innovative technologies. For instance, Latex International uses its patented phase-change material in latex mattresses which enables the sleeper to maintain a consistent body temperature. These innovations are expected to lead to the increased adoption of latex mattresses during the forecast period.
One of the major drivers in the market is the growing concern about the environment and the demand for environment-friendly products. Environment-friendly products reduce the risk of allergies and other contaminant-related diseases for end-users.
Further, the high cost of latex mattresses is proving to be a major challenge for the market. The high price of latex mattresses reduces their adoption and the number of potential consumers as most individuals, especially those in the lower- and middle-income groups, would prefer to purchase cheaper mattresses.
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