Analysts at Ken Research in their latest publication “Saudi
Arabia Mattress Market Outlook to 2023 – By Size (King Size, Queen Size, and
Single), By Type (Spring, Foam and Latex, and Others), By Distribution Channel
(Retail and Direct Sales), and By Organized and Unorganized” believed that the Saudi Arabia mattress market is
expected to register a positive CAGR of 10.6% in terms of revenue during the
forecast period 2018-2023E.
Key Findings
Rising population in Saudi Arabia is leading to
an increasing rate of home ownership which will lead to increase in sales
of mattresses in Saudi Market.
Saudi Arabia's tourism sector is witnessing
growth both in international visitors and domestic tourism, resulting in rising
sales for mattress
With rising pattern of health related issues
especially those related to joint pains, back pains and cervical, the market
for mattresses in Saudi Arabia has witnessed a rise in demand for
orthopedic/therapeutic mattresses
Increase in home ownership in Saudi Arabia: Rising population in Saudi Arabia which is leading to increasing
rate of home ownership is a major factor which is expected to create demand for
mattresses for residential segment. The number of households in Saudi Arabia is
projected to increase significantly in the year 2023. Migration from rural to
urban areas is occurring at a very rapid pace in the Kingdom of Saudi Arabia,
perhaps more than any other country in the Arabian Peninsula, where the youth consumers among the
population is laying severe pressure on housing supply.
Increase in Tourism: The Saudi Vision
2030 development initiative announced by Deputy Crown Prince Muhammad Bin
Salman aims to increase the revenue generated from tourism to 18% in the
upcoming years, according to reports. The vision aims to establish an Islamic museum,
which will draw a large number of tourists, including foreign pilgrims who
visit the kingdom for Haj and Umrah. This, in turn, will increase the number of
accommodation facilities in the country which is one of the major drivers for
demand of mattress in the country
Growing Sales of Orthopedic Mattresses:
Orthopedic health concerns in the country are witnessed to increase, especially
in women due to increasing cases of back pain, body aches and sores, thus
driving continuous innovation in the type of mattresses by companies. Health
concerns have led to an increase in the demand for multiple function beds with
therapeutic attributes In order to achieve
its ambitious 2020 targets, SCTH is seeking investment from the private sector
to supplement funds received from the Saudi government in the following tourism
sub-sectors: accommodation (hotels and furnished apartments), restaurants and
cafes, visitor facilities, decentralized tourism agencies, regional
capabilities, quality assurance, and heritage villages. In addition, Saudi
Arabia is seeking roughly US$ 50 billion in private investment to provide
400,000 housing units additionally. To attract private investment, the Ministry
is focusing on partnering with interested companies to build villas and multi-storey
apartment buildings, either on government or privately owned land. Increase in
residential areas will drive the demand for mattress in the country.
Keywords
Saudi Arabia
Mattress Overview
Saudi Arabia
Mattress Industry
Mattress
Sales Saudi Arabia
Major
Companies in Saudi Arabia Mattress
Saudi Arabia
Spring Mattress
Saudi Arabia
Foam Mattress
Saudi Arabia
Latex Mattress
Pocket spring
Mattress Saudi Arabia
Inner spring
Mattress Saudi Arabia
Saudi Arabia
Single size mattress
Saudi Arabia
queen size mattress
Saudi Arabia
King size mattress
Mattresses in
Central Saudi Arabia
Mattresses in
Western Saudi Arabia
Mattresses in
Eastern Saudi Arabia
Mattresses in
Northern Saudi Arabia
Mattresses in
Southern Saudi Arabia
Mattress for
Hospital beds KSA
Mattress for
Hotels KSA
Mattress
Sales for Luxury Hotels
Saudi Arabia
Mattress Warranty
Mattress for
camping and tents
Orthopedic
Mattress Saudi Arabia
Saudi Arabia
Mattress for back support
Water Beds
Saudi Arabia
SleepHigh
Mattress Saudi Arabia
Raha Mattress
Saudi Arabia
Sealy Mattress
Saudi Arabia
KingKoil Mattress
Saudi Arabia
Intercoil Mattress
Saudi Arabia
Al Mazro Mattress
Saudi Arabia
Serta Mattress
Saudi Arabia
Al Rajhi
group Mattress Saudi Arabia
Al-Mutlaq Mattress
Saudi Arabia
Tempur Mattress
Saudi Arabia
Royal
Mattress Mattress Saudi Arabia
American bed Mattress
Saudi Arabia
Sleepnice Mattress
Saudi Arabia
Customized
mattresses Saudi Arabia
Mattress
Price in Saudi Arabia
Saudi Arabia
Mattress Trends
Saudi Arabia
Mattress Issues
Saudi Arabia
Mattress Pain Points
Saudi Arabia
Mattress Value Chain
Key Segments
Covered
Size of Mattresses
King Size
Queen Size
Single
Type of Mattresses
Spring
Pocket Spring
Inner Spring
Foam and Latex
Others (Gel based,
water based, air based mattresses, orthopedic mattress and coir mattress and
rubber mattress)
Market Structure
Organized Sector
Unorganized Sector
By type of market
Mass
Economy
Premium
Region
Central
Western
Eastern
Northern
Southern
Distribution Channel
Retail Sales
Direct Sales
Hotels, Resorts and
Residential Sector
Hospitals
Key Target
Audience
Mattress Raw
Material Producers
Mattress Manufacturers
Investors
Distributors / Retailers
/ Stockist
Mattress
Specialist Retailers
Mattress Internet
Retailers
Time Period Captured in the Report:
Historical Period: 2013-2018
Forecast Period: 2019-2023
Companies Covered in Saudi Arabia Mattress Market
SleepHigh
Raha
Sealy
KingKoil
Intercoil
Al Mazro
Serta
Al Rajhi group
Al-Mutlaq
Tempur
Royal Mattress
American bed
Sleepnice
Key Topics
Covered in the Report
Saudi Arabia Mattress Market Value Chain
Analysis
Saudi Arabia Mattress Market Size by Revenue
(FY’2013-FY’2018)
Saudi Arabia Mattress Market Segmentation
(FY’2018)
Saudi Arabia Mattress Market Segmentation by
Size of Mattress (King size, Queen size, Double size and single size).
Saudi Arabia Mattress Market Segmentation by type of Mattress (spring, Latex and Foam and others).
Saudi Arabia Mattress Market Segmentation by
type of spring (Pocket spring and Inner spring).
Saudi Arabia Mattress market Segmentation by
Distribution channel (Retail and Direct).
Saudi Arabia Mattress market Segmentation by
type of organized market (Mass, Economy and Premium).
Saudi Arabia Mattress market Segmentation by
Market Structure (Organized and Unorganized).
Saudi Arabia Mattress market Segmentation by
type of manufacturing ( Domestic and Imports)
Saudi Arabia Mattress market Trade Scenario
Saudi Arabia Mattress market Decision Making
Process
Saudi Arabia Mattress market Trends and
Developments
Issues and Challenges in Saudi Arabia Mattress
Market
Future Outlook and Projections for Saudi
Arabia Mattress Market
For more information, refer to
below link:
Related Reports
Contact Us:
Ken
Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
No comments:
Post a Comment