China Mattress Market
In China Mattress Market there are about ~ players operating in the overall market, and top ~ players accounted ~% share in the market in terms of revenue. The Chinese mattress market is fragmented and has high intensified competition within industry players. There is a high homogeneity of products manufactured in the market; however, brand awareness among consumers is likely to drive the market further.
Key Market Findings:
- China Mattress Market was valued at USD ~ in 2022P and is projected to grow to USD ~ by 2027F, registering a CAGR of ~% in terms of revenue during the forecast period (2022P-2027F).
- In terms of volume of transactions, the innerspring mattress is expected to register a CAGR close to ~% in 2027F.
Increasing Awareness of the Concept of Quality Sleep: China’s mattress market is dynamic due to constantly evolving consumer preferences. With the increasing awareness on living standard and sleeping quality, the frequency of mattress replacement is speeding up and will be a driver of market growth once market penetration is at the maximum.
Rental Housing Renovation Trends: With the increase in home ownership costs and government policy support, the rental industry has entered a new era of development.
Renovation of rental housing is trending in China, purchasing new mattresses for the rental houses is stimulating. People are convinced of settling for comfortable mattress and getting a new mattress for quality sleep and quality life. Which ultimately results in the growth of mattress market.
Growing Export of Mattresses: There is a growing export of mattresses from China and it is the world’s largest mattress exporter to the major mattress markets. China holds more than one-third of the total mattress exports, representing about one-third of the total market. The top five exporting destinations for China mattresses include Thailand, Italy, the United States of America, Vietnam, and Australia.
Analysts at Ken Research in their latest publication “China Mattress Market Outlook to 2027F – by Type (Innerspring Mattresses, Memory Foam Mattresses, Latex Mattresses, and Others), By End User (Residential, Commercial) and Distribution Channel (Offline and Online).” observed that China Mattress Market is expected to showcase considerable growth in the coming five years. It is anticipated to grow more quickly in the next years as a result of rising income level, growing population and the booming housing market. The Mattress Market in China is expected to grow at ~% CAGR over the forecasted period 2022-2027F.
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Key Segments Covered in the report
- Innerspring Mattresses
- Memory Foam Mattresses
- Latex Mattresses
- Others (Gel and Hybrid)
By End User
By Distribution Channels
Key Target Audience
- Mattress Raw Material Producers
- Mattress Manufacturers
- Distributors / Retailers / Stockists
- Mattress Specialist Retailers
- Mattress Internet Retailers
Time Period Captured in the Report:
Historical Period: 2017-2022P
Base Period: 2022P
Forecast Period: 2022P-2027F
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- Sleemon Xilinmen Furniture Co., Ltd.
- Jiaxing YuanChang Furniture Supplies Co.,Ltd.
- Red Apple
- Man Wah
Key Topics Covered in the Report
- China Mattress Market Overview
- China Mattress Market Segmentation
- Ecosystem and Business Cycle of China Mattress Market
- Market Share of Major Players in China Mattress Market
- Competition Scenario of China Mattress Market
- Industry Analysis of China Mattress Market
- Value Chain of China Mattress Market
- Key Growth Drivers in China Mattress Market
- End User Analysis of China Mattress Market
- Key Challenges of China Mattress Market
- SWOT Analysis of China Mattress Industry
- Future Outlook of China Mattress Market
- Trends and Development of China Mattress Market
- Analyst Recommendations
- Research Methodology
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