Not only does Casper value the global sleep market at a whopping $432 billion, but it also estimates it growing at an annual rate of 6.3% over the next five years, a rate almost twice as fast as the global economy, which grew 3.5% in 2019, the IMF said.
A chart later in the IPO shows that the domestic sleep market is also expected to grow at a rate well above the US economy's 2.1%, at 3.6%.
By 2024, Casper says the sleep market will be worth $585 billion.