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Asia Pacific Mattress Market Outlook, 2025

Asia Pacific Mattress Market Outlook, 2025

Bonafide Research 28-11-2020 100 Pages Figures : 32 Tables : 19
Region : Asia-Pacific Category : Consumer Goods & Services Machinery, Parts & Equipment

1. Coirfoam (India) Private Limited

2. Duroflex Private Limited

3. Kurlon Enterprise Limited

4. Peps Industries Private Limited

5. Sheela Foam Limited

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The history of mattresses in Asia was commonly crafted around the culture and society of countries. The resources available also influenced it as it dictated the material of these mattresses. Due to trading and globalization, more comfortable mattresses became available and people were no longer limited with their mattress choices. The Asia mattress market was recorded at 9.33 Billion in the year 2014, according to the report published Bonafide Research- Asia Pacific Mattress Market Outlook, 2020-25.

Asia Pacific contributes to the highest global mattress market, which is expected to be growing with a CAGR of more than 10% in the forecasted period. Escalating expenditure in product innovation with the availability of various types of mattresses in emerging economies supported by ever-changing consumers' sleeping patterns and changing demand for types of mattresses has been anticipated to infuse growth in the market for mattresses during the forecasted period.

The growth of the mattress market in Asia-Pacific can be attributed to the increasing demand for home furnishings due to rapid urbanization and a growing middle class. Moreover, increasing per capita disposable incomes have led to the rising sales of a luxury mattress. In the late 19th century, coil spring mattresses became more available and preferred in the Southeast Asia region. Evidently, the innerspring mattress has been dominating the market, showing the lowest growth rate contributing to more than 40% by the year 2025. With the increasing adaptation of westernization in the region, the other forms of mattresses, majorly memory foam mattresses started gaining popularity. India, a major contributor to the Asia market, unlike the other countries, has a high dominance of memory foam mattresses, accounting for USD 1.30 Billion by the end of the forecasted period.

The mattress market is driven by rising in the number of households, followed by an increase in the hotel industry, change in consumer preference, increase in innovative technologies, growth in demand for hybrid & gel-filled mattresses, favourable government policies, rise in the homeownership rate, and increase in disposable income & change in lifestyle.

CONSIDERED IN THE REPORT
• Geography: Asia Pacific
• Base year: 2018-19
• Historical year: 2013-14
• Forecasted year: 2024-25

REGIONS COVERED:
• China
• Japan
• India
• Australia
• Rest of Asia Pacific

ASPECTS COVERED IN THE REPORT
• Market Size By Value for the period (2014-2019)
• Market Size By Value for the period (2020-2025)
• Market Size By Value for Innerspring Mattress (2014-2025)
• Market Size By Value for Latex Mattress (2014-2025)
• Market Size By Value for Memory Foam Mattress (2014-2025)
• Market Size By Value for Other types of Mattress (2014-2025)
• Market Share by Application (2019 & 2025)
• Market Share by Mattress Type (2019 & 2025)
• Market Share by Mattress Size (2019 & 2025)
• Market Share by Country (2019 & 2025)
• Market Share by End User (2019 & 2025)
• Market Share by Sales Channel (2019 & 2025)

RESEARCH APPROACH: While doing the research, we combine the expertise of our analysts and the capabilities of artificial intelligence. We take into consideration the inputs by the industry experts and leaders gathered through our primary research. We do go through the available secondary data, to understand the business analysts, discover deep insights and ideas from the marketing data. Then to finalize the market, we start collecting financials of each player present in the market including limited, private limited, and LLPs. Moreover, we perform cross-industry, cross-region analysis of the product, and based on collected primary inputs and using statistical modeling we start forecasting the market. We follow our forecasting algorithm, which is unique for each product but giving more weightage to primary inputs. At the same time, the content team starts preparing company profiles, market dynamics, market trends, five forces, and PEST analysis, etc. Once the data expert verifies the data, the team together crosscheck the segmentations, validates the market.
COVID-19 IMPACT: We are in a continuous process of evaluating the impact of the Covid-19 outbreak on the world mattress sector. The first results are already taken into account in this report.
INTENDED AUDIENCE: This report can be useful to industry consultants, manufacturers, suppliers, associations, & organizations related to the industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

Get answers to the following questions through the report:
1. What is the market size and forecast of the Asia Pacific Mattress Market?
2. What is the impact of COVID-19 shaping the Asia Pacific Mattress Market during the forecast period?
3. Which are the product segments and applications profitable to invest in over the forecast period in the Asia Pacific Mattress Market?
4. What are the competitive strategic opportunities in the Asia Pacific Mattress Market?
5. What are the technology trends and challenges in the Asia Pacific Mattress Market?
6. What are the modes and strategic moves considered suitable for entering the Asia Pacific Mattress Market?


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