Asia Pacific Mattress Market Research Report Forecast to 2032
The Asia-Pacific mattress market is projected to witness significant growth during the review period, exhibiting a CAGR of 8.10%. The market was estimated to be USD 17.94 billion in 2022 and is expected to reach a value of USD 38.49 billion by the end of the forecast period (2023-2032).
The Asia Pacific mattress market is highly dynamic, being influenced by several different drivers, restraints, opportunities, and trends. Because more people are moving into urban areas, there is a greater need for mattresses to meet the comfort requirements of the growing population. The market has been propelled by increasing disposable incomes across Asia, which have made high-end mattresses more affordable for more people. The shift towards sustainability and eco-consciousness in the mattress market is indeed significant and reflects broader trends in consumer preferences. To thrive in the sustainable mattress market, companies should focus on differentiation, quality, pricing, and customer-centric strategies while also being flexible and responsive to changing market dynamics and regional variations in the Asia-Pacific region.
Moreover, the Asia-Pacific mattress market faces several challenges. A primary concern revolves around the materials utilized in mattress production. Additionally, the rise in counterfeit mattresses is a concerning issue that not only affects the credibility of trusted mattress brands but also poses serious risks to consumer safety and satisfaction. High-quality mattresses are slow to catch on in some regions of the region because of the high price tag. In addition, the complexity of regulations and import limitations in some countries might be a roadblock for manufacturers.
Market Segmentation
Based on type, it is bifurcated to innerspring, hybrid, foam, latex, and others. Out of these, innerspring segment accounted for a market share of 24.43% in 2022 and is expected to exhibit a CAGR of 7.51% during the forecast period owing to the increasing wellness and self-care trends eventually contributing to its segmental growth.
Based on category, this segment is divided into organic and regular. Based on size, it has been divided into single, twin, queen, king, and others. Based on pricing, the economy segment accounted for a market share of 81.27% in 2022 and is expected to exhibit a CAGR of 8.47% during the forecast period.
Major Players
The major market players are King Koil, Sheela Foam- Sleepwell, Sealy International, Duroflex, Serta Mattress, SlumberCorp, Massindo Group, Peps Industries Pvt Ltd, Emma Sleep India, and The Sleep India.
Companies Mentioned
King Koil Sheela Foam- Sleepwell Sealy International Duroflex Serta Mattress SlumberCorp Massindo Group Peps Industries Pvt Ltd Emma Sleep India and The Sleep India.
1 Executive Summary
1.1 Market Attractiveness Analysis
1.1.1 Asia Pacific Mattress Market, By Type
1.1.2 Asia Pacific Mattress Market, By Category
1.1.3 Asia Pacific Mattress Market, By Size
1.1.4 Asia Pacific Mattress Market, By Pricing
1.1.5 Asia Pacific Mattress Market, By End-user
1.1.6 Asia Pacific Mattress Market, By Distribution Channel
2 Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.3 Research Objective
2.4 Market Structure
2.5 Key Buying Criteria
3 Research Methodology
3.1 Overview
3.2 Data Flow
3.2.1 Data Mining Process
3.3 Purchased Database:
3.4 Secondary Sources:
3.4.1 Secondary Research Data Flow:
3.5 Primary Research:
3.5.1 Primary Research Data Flow:
3.5.2 Primary Research: Number Of Interviews Conducted
3.5.3 Primary Research: Regional Coverage
3.6 Approaches For Market Size Estimation
3.6.1 Consumption & Net Trade Approach
3.6.2 Revenue Analysis Approach
3.7 Data Forecasting
3.7.1 Data Forecasting Technique
3.8 Data Modeling
3.8.1 Microeconomic Factor Analysis:
3.8.2 Data Modeling:
3.9 Teams And Analyst Contribution
4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Rising Tourism And Hospitality
4.2.2 Rising Geriatric Population
4.2.3 Growing Awareness Of The Health Benefits Of Good Sleep
4.3 Restraints
4.3.1 Environmental Concerns
4.3.2 Preference For Traditional Bedding
4.4 Opportunity
4.4.1 Customization And Personalization
4.4.2 Green And Sustainable Mattresses
4.4.3 Increasing Demand For Smart Mattresses
4.5 Challenges
4.5.1 Counterfeit Products
4.6 Strategic Insights
4.6.1 Technology Update
4.6.2 Regional Markets To Lookout For
4.7 Regulatory Update
4.8 Market Trends
4.9 Impact Analysis Of Covid-19
4.9.1 Impact 0n Overall Electronic Bedding Industry
4.9.1.1 Economic Impact
4.9.2 Impact On Asia-pacific Mattress Market
4.9.3 Impact On Supply Chain Of Mattress
4.9.4 Impact On Market Demand Of Mattress
4.9.4.1 Impact Due To Restrictions/Lockdown
4.9.4.2 Consumer Sentiments
4.9.5 Impact On Pricing Of Mattress
4.9.6 Consumer Behaviour Analysis
5 Market Factor Analysis
5.1 Value Chain Analysis
5.1.1 Raw Materials
5.1.2 Manufacturing / Production/ Processing
5.1.3 Distribution
5.1.4 Retail
5.1.5 End-user
5.2 Supply Chain Analysis
5.2.1 Participants (At Different Nodes)
5.2.1.1 Raw Material Suppliers
5.2.1.2 Manufacturers
5.2.1.3 Warehousing
5.2.1.4 Distribution
5.2.1.5 Retail
5.2.1.6 Consumer
5.2.1.7 After-sale
5.2.2 Integration Levels
5.2.3 Key Issues Addressed (Key Success Factors)
5.3 Porter’s Five Forces Model
5.3.1 Bargaining Power Of Suppliers
5.3.2 Bargaining Power Of Buyers
5.3.3 Threat Of New Entrants
5.3.4 Threat Of Substitutes
5.3.5 Intensity Of Rivalry
5.4 Market Penetration Strategy
5.5 Regulatory Landscape And Licensing Model
5.6 Tam/Sam/Som Analysis
5.7 Pricing Overview
6 Asia-pacific Mattress Market, By Type
6.1 Introduction
6.2 Innerspring
6.3 Hybrid
6.4 Foam
6.4.1 Memory Form
6.4.2 Gel-infused Foam
6.4.3 Polyfoam
6.5 Latex
6.6 Others
7 Asia-pacific Mattress Market, By Category
7.1 Introduction
7.2 Organic
7.3 Regular
8 Asia-pacific Mattress Market, By Size
8.1 Introduction
8.2 Single
8.3 Twin
8.4 Queen
8.5 King
8.6 Others
9 Asia-pacific Mattress Market, By Price Range
9.1 Introduction
9.2 Economy
9.3 Luxury
10 Asia-pacific Mattress Market, By End-user
10.1 Introduction
10.2 Residential
10.3 Commercial
10.3.1 Hospital
10.3.2 Clinics
10.3.3 Nursing Homes
10.3.4 Horeca
11 Asia-pacific Mattress Market, By Distribution Channel
11.1 Introduction
11.2 Store Based
11.2.1 Supermarkets & Hypermarkets
11.2.2 Specialty Stores
11.2.3 Others
11.3 Non-store Based
11.3.1 E-commerce
11.3.2 Company/Brand Websites
12 Asia-pacific Mattress Market, By Country
12.1 Overview
12.2 Asia Pacific
12.2.1 China
12.2.2 India
12.2.3 Japan
12.2.4 South Korea
12.2.5 Australia & New Zealand
12.2.6 Rest Of Asia Pacific
13 Competitive Landscape
13.1 Introduction
13.2 Competition Dashboard
13.2.1 Product Portfolio
13.2.2 Regional Presence
13.2.3 Strategic Alliances
13.2.4 Industry Experiences
13.3 Market Share Analysis, 2022
13.4 Who Are The Major Disruptors & Innovators
13.5 What Strategies Are Being Adopted By Market Leaders
13.6 List Of Key Players, By Region
13.7 Key Developments & Growth Strategies
13.7.1 Product Launch
13.7.2 Expansion
13.7.3 Acquisition
14 Company Profiles
14.1 Sheela Foam
14.1.1 Company Overview
14.1.2 Financial Overview
14.1.3 Products Offered
14.1.4 Key Developments
14.1.5 Swot Analysis
14.1.6 Key Strategy
14.2 King Koil
14.2.1 Company Overview
14.2.2 Financial Overview
14.2.3 Products Offered
14.2.4 Key Developments
14.2.5 Swot Analysis
14.2.6 Key Strategy
14.3 Sealy International
14.3.1 Company Overview
14.3.2 Financial Overview
14.3.3 Products Offered
14.3.4 Key Developments
14.3.5 Key Strategy
14.4 Duroflex
14.4.1 Company Overview
14.4.2 Financial Overview
14.4.3 Products Offered
14.4.4 Key Developments
14.4.5 Swot Analysis
14.4.6 Key Strategy
14.5 Serta
14.5.1 Company Overview
14.5.2 Financial Overview
14.5.3 Products Offered
14.5.4 Key Developments
14.5.5 Swot Analysis
14.5.6 Key Strategy
14.6 Emma Sleep India Pvt Ltd
14.6.1 Company Overview
14.6.2 Financial Overview
14.6.3 Products Offered
14.6.4 Key Developments
14.6.5 Swot Analysis
14.6.6 Key Strategy
14.7 Massindo Group
14.7.1 Company Overview
14.7.2 Financial Overview
14.7.3 Products Offered
14.7.4 Key Developments
14.7.5 Key Strategy
14.8 Slumbercorp
14.8.1 Company Overview
14.8.2 Financial Overview
14.8.3 Products Offered
14.8.4 Key Developments
14.8.5 Key Strategy
14.9 Peps Industries Pvt Ltd
14.9.1 Company Overview
14.9.2 Financial Overview
14.9.3 Products Offered
14.9.4 Key Developments
14.9.5 Key Strategy
14.10 The Sleep Company
14.10.1 Company Overview
14.10.2 Financial Overview
14.10.3 Products Offered
14.10.4 Key Developments
14.10.5 Key Strategy
15 Appendix
15.1 References
15.2 Related Reports
List Of Tables
Table 1 Qfd Modeling For Market Share Assessment
Table 2 Asia-pacific Mattress Market, By Type, 2018-2032 (Usd Million)
Table 3 Asia-pacific Mattress Market, By Type, 2018-2032 (‘000 Units)