Asia Pacific Mattress Market – Size, Outlook, Trends & Forecast (2024

Asia Pacific Mattress Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

The mattress is generally placed on the top of the bed base which seems to be solid, as in the case of a platform bed, or elastic, e.g. with a furnished wood and wire box spring or a slatted foundation. The mattress is mostly used for sleeping and taking rest. The amount of rest that a person receives is directly related to the mattress that cradles them throughout the night. The mattress is a large rectangular pad used for reclining body and is designed to use as a bed on a supporting frame. Some mattress may contain an attached case, usually of heavy cloth, which contains cotton, straw, hair, foam rubber, etc., and outlined with springs around the mattress. Some of the mattresses can also be filled with air or water

Asia Pacific Mattress Market Size & Growth:

The Asia Pacific Mattress Market was valued at $XX billion in 2017 and is projected to reach $XX billion by 2025, growing at a CAGR of 11 % in Asia Pacific forecast period 2019 to 2025.

Drivers that influencing mattress market growth are International hotel chains display demand mattress which provides high comforts and sound sleep. Rising in disposable incomes helps to invest in a mattress market. The growth of the hospitality sector worldwide owes to an increase in market growth.

On the flip side, Scarce availability of raw materials for mattresses which leads to an increase in the price of premium products. Consumers are much interested in the focus on sleep quality growing regularly.

Asia Pacific Mattress Market Share:

The Asia Pacific mattress market is segmented regarding product type, size, and region. Depending upon product type the market is segmented into memory foam, innerspring, hybrid, latex mattresses, gel-filled mattress, water-filled mattress, and air-filled mattress. On all of them, innerspring holds are

Asia Pacific Mattress Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

estimated to reach 77.3% market share among the overall mattress market share by 2024. Increasing incidence of back disorders that are related to uncomfortable sleeping surfaces is the key factor behind the growth of innerspring mattress segment. The rising number of wealthy consumers in developing economies is also strengthening demand.

Concerning size, the market is divided into a twin, twin XL, queen, double size, and king size. Among them, the queen size mattress displays the leading demand accounting for the leading revenue generation to the overall market. Queen size mattress is best suited for apartments, which are most popular in metropolitan areas of large cities. On the other hand, full or double size segment is projected to witness moderate demand through 2024. However, the twin XL segment is predicted to expand at a significant CAGR of 5.8% of the overall market share by 2024.

By application, the growth of the hospitality sector across the globe is also owing to boost the growth of the mattress market. International hotel chains especially show interest in the demand for high quality of mattress that helps in excellent comfort and sound sleep. The matrices market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status.

By geography, the market is classified into the Asia Pacific. Among all the regions. India China is the current leading market in the mattress as the population is a crucial primary factor. Major factors that are helping the Asia Pacific are rising number of affluent households in emerging economies that spend liberally on premium home furnishing is boosting the mattress in the Asia Pacific. According to mattress market overview, the market share of unorganised players is expected to drop drastically in the coming years in the

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Asia Pacific Mattress Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

global forecast period 2019-2025.

Major players operating the mattress market include key companies currently operating in the Asia Pacific mattress market include Tempur-Pedic International Inc, Serta Inc., Simmons Bedding Company LLC, Spring Air Company, Select Comfort, Kingsdown Inc., Southerland Bedding Co., Sealy Corporation, KING KOIL Inc., and Paramount Bed Holdings Co. Ltd.

Asia Pacific Mattress Market Trends:

June 2017 – Paramount Bed Asia Pacific Pte., Ltd. celebrated the beginning of a partnership with variance trading at the Edsa Shangri-La Hotel in Manila
May 2016 – Manwah Records Historical High Revenue and Net Profit Lithuania.

Asia Pacific Mattress Market Research Report:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have a complete market analysis through industry value chain analysis, Porter’s five, PESTLE, SWOT analysis, and Y-o-Y analysis.
Regional and the Asia Pacific diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact on altering the market dynamics.
Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial analysis with significant competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
Identify the latest developments, market shares and strategies that are employed by the major market players, such as
- Paramount bed holdings co. Ltd
- King Koil inc
- Kingsdown inc
- Southerland bedding co
- Sealy Corporation

Along with these companies, there were many other companies considered/ cited in the report while analysing the mattress market. These companies hold substantial share-owning to the nature of the industry whereas the rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and stable customer base.

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