Global Market Research Reports : Ken Research: China Mattress Sector

Thursday, January 19, 2023

China mattress industry has grown in the last five years owing to increasing income levels, and the booming housing market: Ken Research

China’s mattress market surpassed that of the United States, becoming the largest in the world. With consumption increasing fourteen-fold, the mattress market in China gradually entered a mature stage.

Production Hub for Mattress Manufacturing: China emerged as an important production hub for mattress manufacturing. China’s mattress market developed rapidly because of the growing population in China, increasing income levels, and booming housing market. Other major reasons include the growth of international trade in current times.

Rising Number of Housing Units: The mattress market in China has grown as a result of an increase in house development and rising consumer expenditure on bedding and home furnishings. The desire for a separate room for each family member was fueled by the rise in single-occupancy dwellings and nuclear families, which increased demand for the product.

Corona Impact: The pandemic had impact on practically every industrial vertical. This also applied to the market for mattresses. Because of the fact that mattress manufacturing never actually stopped, the market was only little impacted. However, the supply chain and production process that were affected negatively as a result of lockdowns and travel restrictions.

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.