China Mattress Market Size & Outlook, -
China mattress market, - ()
Related Markets
China mattress market highlights
- The China mattress market generated a revenue of USD 5,146.1 million in 2022 and is expected to reach USD 7,730.6 million by 2030.
- The China market is expected to grow at a CAGR of 5.2% from 2023 to 2030.
- In terms of segment, foam was the largest revenue generating product in 2022.
- Hybrid is the most lucrative product segment registering the fastest growth during the forecast period.
Mattress market data book summary
| Market revenue in 2022 | USD 5,146.1 million |
| Market revenue in 2030 | USD 7,730.6 million |
| Growth rate | 5.2% (CAGR from 2022 to 2030) |
| Largest segment | Foam |
| Fastest growing segment | Hybrid |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Innerspring, Foam, Hybrid, Latex |
| Key market players worldwide | Tempur Sealy International Inc, Serta Simmons Bedding LLC, Sleep Number Corp, Sleep Country Canada Holdings Inc, Bollinger Industries Inc, Spring Air International, Southerland Sleep, Boll & Branch |
Other key industry trends
- In terms of revenue, China accounted for 8.8% of the global mattress market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China mattress market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 7,495.1 million by 2030.
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Mattress Market Scope
Mattress Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China mattress market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to mattress market will help companies and investors design strategic landscapes.
Foam was the largest segment with a revenue share of 37.23% in . Horizon Databook has segmented the China mattress market based on innerspring, foam, hybrid, latex covering the revenue growth of each sub-segment from to .
Economic development is contributing to the growth of the construction industry in China, thereby opening growth avenues for mattress manufacturers. According to a report published by the International Trade Administration in July 2019, the construction industry in China was valued at USD 893.58 billion and is expected to grow at a CAGR of 5% until 2023.
Residential buildings and small houses account for most construction activities in the country owing to an increase in the middle-class population. This, in turn, is expected to boost the demand for mattresses in China.
Moreover, China is one of the key manufacturers of mattresses in the world. It supplies low-priced mattresses to the U.S. As per the investigation results of the United States International Trade Commission (USITC), nearly 5 million mattresses were shipped to the U.S. by Chinese manufacturers, which are accused of having built their businesses on aggressive price cuts.
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Target buyers of China mattress market databook
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Our clientele includes a mix of mattress market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China mattress market , including forecasts for subscribers. This country databook contains high-level insights into China mattress market from to , including revenue numbers, major trends, and company profiles.
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China mattress market
China Mattress Market Outlook Share, & (US$M)
China mattress market
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