Smart Mattress Market Growth Forecast at 11.16% CAGR to 2022
Get complete report on Smart Mattress Market spread across 96 pages, analyzing 4 major companies and providing 63 data exhibits now available at http://www.reportsnreports.com/reports/1299394-global-smart-mattress-market-2018-2022.html .
According to the smart mattress market report, one of the major drivers for this market is Increasing penetration of smartphones and high-speed Internet The surge in smartphone penetration has led to an increase in the demand for smart mattresses. The rising penetration of smartphones and high-speed Internet has led customers to use smartphones to monitor their sleeping patterns. It has increased the demand for connected devices such as smart mattress and smart monitors.
Key players in the global smart mattress market: Eight, Kingsdown, Responsive Surface Technology, and Sleep Number. Further, the report states that one of the major factors hindering the growth of this market is Increase in price wars among existing vendors. The increase in price wars among existing vendors poses a serious challenge to the global smart mattress market. Some of the existing players offer a range of smart mattresses. The market attracts new players and vendors resort to competitive pricing to increase their market shares. However, this strategy will reduce the profit margins of the players in the long run.
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A smart mattress comprises technologically-advanced features such as sleep monitoring systems. Sensors located under the mattress track motion, sleeping patterns, and other vital records. This report covers the present scenario and the growth prospects of the global smart mattress market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of smart mattress.
Another related report is Global Luxury Furniture Market 2017-2021, the analysts forecast global luxury furniture market to grow at a CAGR of 4.92% during the period 2017-2021. The other prominent vendors in the market are Rooms To Go, TJX, Herman Miller, HNI, Okamura, 9to5 Seating, Clarin, Creative Wood, and Kimball International.
Luxury furniture is differentiated from regular furniture on the basis of price range of different categories covered in the report. The price ranges are provided further in the report for different categories. Luxury furniture includes chairs, tables, desks, beds, storage, and many other products used for residential and commercial applications. The furniture is made up of raw materials such as wood, plastic, metal, and wicker. Browse complete Luxury Furniture Market report at http://www.reportsnreports.com/reports/1041422-global-luxury-furniture-market-2017-2021.html .
Explore other new reports on Consumer Goods Market at http://www.reportsnreports.com/market-research/consumer-goods/ .
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