United Kingdom Mattress Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

United Kingdom Mattress Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The United Kingdom Mattress Market is predicted to grow at a CAGR of 1.52% during the forecast period (2021-2026).

The mattress manufacturing sector creates spring, foam, and other types of mattresses, as well as mattress supports. The United Kingdom mattress industry's income, establishment numbers, and the number of businesses has been growing, boosted by an improving housing market. Furthermore, the sector has undergone tremendous change owning to increased health consciousness throughout time. Consumer desire for more technologically advanced mattresses with extra health benefits has prompted companies to respond quickly, boosting industry revenue. The industry may encounter greater demand from the healthcare sector since the number of individuals admitted to hospitals has increased during the pandemic. The industry is likely to benefit from increased downstream demand from bed-in-a-box merchants, as well as product and process innovation from manufacturers. Furthermore, ongoing government programmes are projected to boost the industry's performance through stimulating capital investment on homes through boosting residential property transfers. In the mattress sector in the United Kingdom, new products are being developed. With the rise of smart mattresses and more natural, organic products, diversification will only become more important in the future of the industry. Diversification may become more crucial in the future of the industry as new goods are produced, such as smart mattresses and more natural, organic items.

The United Kingdom mattress manufacturing industry's revenue is projected to be curtailed in 2020, as the number of residential property transactions is projected to fall sharply due to the COVID-19 outbreak. Due to various supply chain disruption and input price inflation induced by the pandemic, industry profitability is projected to suffer. Purchase costs are expected to be impacted as well, with input costs likely to rise because of supply chain disruptions.

Key Market TrendsRapidly Increasing Mattress Sales through Online Retailers

Consumers are more at ease making large purchases over the internet, which is changing the way consumers think about purchasing durable consumer goods like mattresses. Most businesses appear to be expanding, with online bed and mattress retailers indicating gains. In the struggle for market share supremacy, search engine optimization is a powerful, and one of the secret factors that new businesses are employing to gain more revenue. People demand products and services delivered at the speed of light as technology continues to take over the market, and the internet will only become more important as a result. Digital marketing is critical in the mattress industry right now, and companies that can sell their products online remain the industry's top performers.

Increasing Imports of United Kingdom Mattresses

Mattress imports to the United Kingdom totalled USD 694 million in 2019, up 4.21% from USD 666 million the previous year, putting the country fifth in the world. The United Kingdom, as the world's sixth-largest economy, ranks fifth among mattress importers due to its growing population and rising spending power. The country's property laws are well-enforced, and ongoing government programmes are expected to increase the mattress industry's performance by supporting capital investment in houses and increasing residential property transfers. Mattress firms from the United States, are now fighting for market share in the United Kingdom by catering to these and comparable niches.

Competitive Landscape

United Kingdom mattress industry includes companies that manufacture spring or stuffed mattresses and those with internally fitting support material. Moreover, it also includes the manufacture of uncovered cellular rubber, plastic mattresses and mattress supports. Some of the key players in the United Kingdom mattress market are Silentnight Group Ltd, Carpenter Ltd, Blue Group Hold Co Ltd, Harrison Spinks Beds Ltd, Airsprung Group plc, Sleepeezee Holdings Ltd, Magniflex, Tempur, Simba, Vispring, and other prominent players.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned
 
Silentnight Group Ltd
Carpenter Ltd
Blue Group Hold Co Ltd
Harrison Spinks Beds Ltd
Airsprung Group plc
Sleepeezee Holdings Ltd
Magniflex
Tempur
Simba
Vispring*

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