Korea Emerges as the Fastest-Growing Foreign Market for American Matresses

Furniture May 01, 2018
U.S. Mattress Market. Analysis And Forecast to 2025

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IndexBox has just published a new report "U.S. Mattress Market. Analysis And Forecast to X". Here is a summary of the report’s key findings.

Consumption of Mattress Increased after a Stable Volume in the Previous Year

In 2017, the U.S. mattress market totalled $X in wholesale prices, $X (or X%) more than the previous year level. This figure reflects total revenue of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). After a tangible growth from 2011 to 2014, the market value decreased slightly and then flattened in 2016; in 2017, it bounced back slightly. Overall, the market value expanded with an annual average growth rate of +X% from 2007 to 2017.

In physical terms, the U.S. mattress market was estimated at X units in 2017, X% growth from the year before. Overall, it remained relatively flat over the last four years.

Mattresses Market is Expected to Reach $X by X.

Mattresses are an essential everyday product. The increasing health concerns of consumers and rising disposable incomes mean that consumers are willing to pay for health-enhancing products. In the U.S., the demand for high-quality sleep has led to the expansion of the premium and luxury mattress market. New advances in technology and the expansion of the premium mattress market are currently creating new opportunities for mattress manufacturers.

Economic environment factors in the U.S. are generally favorable for the mattress market. Robust housing construction activity – the major market driver – will continue, although the growth rate will slow down compared to the previous five years, against the background of a general slowdown in economic growth. Targeted marketing has also had an impact on consumers, in that their purchasing power on the mattress market is now preference-based. Bespoke and customized mattress products are currently a dynamically developing trend, set to grow steadily in the long-term.

An increase of the U.S. mattress market will be mainly supported by the acceleration of the U.S. economy, rising disposable incomes, strengthening positions and improving performance of the U.S. housing sector. According to this, the U.S. growth in mattress consumption is expected to increase by an average +X% per year (currently +X%) in the medium term, which is forecast lead the market value to $X by X.

Mattresses, Innerspring Held X% of Total Mattress Production

U.S. mattress manufacturing illustrated slight decline over the last three years to $X in 2017. This level was $X (or X%) less than the highest level of 2014 and $X (or X%) more than the outset level. 

Mattresses, innerspring (including polyurethane, rubber topper pads, and mattresses sold as part of Hollywood beds), excluding crib-size accounted for the highest share (X% in 2017) of U.S. mattress manufacturing, followed by mattresses, other types (X%), foundations, excluding innerspring units and foundations incorporated into hybrid-type flotation sleep ensembles and electric adjustable sleep ensembles (X%) and sleep system ensembles and mattresses, excluding conventional waterbeds (X%).  

The most notable growth rates in U.S mattress manufacturing from 2008 to 2017 were attained by sleep system ensembles and mattresses, excluding conventional waterbeds (+X% per year), while the other three categories experienced more modest or even negative paces of growth. 

From 2008 to 2017, the share of foundations, excluding innerspring units and foundations incorporated into hybrid-type flotation sleep ensembles and electric adjustable sleep ensembles decreased significantly (-X percentage points), while mattresses, innerspring (including polyurethane, rubber topper pads, and mattresses sold as part of hollywood beds), excluding crib-size (+X percentage points) and system ensembles and mattresses, excluding conventional waterbeds (+X percentage points) saw their shares increased.

Mattress from China Increased Their Positions in Total U.S. Mattress Consumption

The share of imported mattress in terms of the total U.S. mattress consumption reached X% in 2017 against X% in 2008; it continues to increase gradually, despite rising import prices. These growth was boosted by influx of low-cost mattress imports from China. The share of Chinese matresses in terms of the total consumption stood at X% in 2017.

Korea Emerges as the Fastest-Growing Foreign Market for American Matresses

The U.S. exported $X of mattresses in 2017, which accounted for X% of U.S. mattress output. The value of exports increased rapidly over the last three years, after a period of stability from 2011-2014. That increase was driven mainly by rising supplies to Canada and Korea. In physical terms, matress exports from the U.S. equalled X units, with the trend pattern similar to that of the value of exports.

In 2017, Canada (X units, of $X) remains the main destination of U.S. mattress exports, comprising X% of the total figure (based on physical terms). Korea (X%), Mexico (X%), Japan (X%) and China (X%) constituted other major countries of destination. Korea emerged as the fastes-growing foreign market: exports to that country soared rapidly from 2014-2017, thereby resulting into a CAGR of +X% over the period from 2007-2017. Meanwhile, exports to Japan experienced a contraction at an average annual rate of -X% over the same period. Therefore, the share exported to Canada (+X percentage points) and Korea (+X percentage points) increased, while the share sent to Japan illustrated negative dynamics (-X percentage points). The shares of the other countries remained relatively stable throughout the analyzed period.  

China Supplied X% of the U.S. Mattress Imports

The value of total U.S. mattress imports totalled $X in 2017, expanding at an average annual rate of X% over the period under review. From 2009 imports grew steadily with a pronounced X% growth over the last year.

China (X%, based on units), distantly followed by Mexico (X%), Canada (X%) and Turkey (X%) were the main suppliers of mattress into the U.S. The remaining suppliers accounted for only X% of total U.S. imports. Turkey (+X% per year) and China (+X% per year) were the fastest growing suppliers from 2007 to 2017. China significantly strengthened its position in the U.S. imports by +X percentage points from 2007 to 2016. By contrast, Mexico and Canada saw their shares reduced by -X percentage points, each.

Do you want to know more about the U.S. mattress market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • mattress market share
  • mattress prices
  • mattress industry
  • mattress sales
  • mattress import
  • mattress export
  • mattress market forecast
  • mattress price forecast
  • key mattress producers

Source: U.S. Mattress Market. Analysis And Forecast to X

Product coverage:
Mattresses, innerspring (including polyurethane, rubber topper pads, and mattresses sold as part of Hollywood beds), excluding crib-size; Mattresses, other types; Foundations, excluding innerspring units and foundations incorporated into hybrid-type flotation sleep ensembles and electric adjustable sleep ensembles; Sleep system ensembles and mattresses, excluding conventional waterbeds; Mattress manufacturing, nsk, total

The report provides on a comprehensive study of the U.S. mattress market. It exhibits the latest data of the market size and volume, domestic production, exports and imports, price dynamics and turnover in the industry. In addition, the report contains insightful information about the industry, including industry life cycle, business locations, productivity, employment and many other crucial aspects. The Company Profiles section contains existing data on the leading players in the industry.

Countries coverage: the U.S.

Companies mentioned:
Tempur Sealy International,
Select Comfort Corporation,
Leggett & Platt,
Ssb Manufacturing Company,
Sealy Corporation,
Serta, Innocor,
Kolcraft Enterprises,
Corsicana Bedding,
Serta Simmons Bedding,
Southerland,
Aw Industries,
Kingsdown,
E. S. Kluft & Company,
Sealy Mattress Company of Albany,
Urban Land Institute Foundation,
Eastern Sleep Products Company,
Sealy Mattress Company of New Jersey,
Factory Direct,
The Ohio Mattress Company Licensing and Components Group,
KKR Millennium GP,
Dormae Products,
Tempur World, Sealy,
Tempur Production Usa,
Sealy Mattress Manufacturing Company,
The Simmons Manufacturing Co,
National Bedding Company,
Aot Bedding Intermediate Holdings,
Ahf MCO of Florida,
Elite Foam

Data coverage:
• Mattress market size;
• Mattress production, value of shipments;
• Key market players and their profiles;
• Exports, imports and trade balance;
• Import and export prices;
• Forecast of the market dynamics in the medium term;
• Key industry statistics;
• Life cycle of the mattress industry;
• Number of establishments and their locations;
• Employment data;
• Mattress industry productivity.

Reasons to buy this report:
• Take advantage of the latest data;
• Find deeper insights into current market developments;
• Discover vital success factors affecting the market.

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues

1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION
MAKING DATA-DRIVEN DECISIONS TO GROW YOUR BUSINESS
1.1 REPORT DESCRIPTION
1.2 RESEARCH METHODOLOGY AND AI PLATFORM
1.3 DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4 GLOSSARY AND SPECIFIC TERMS

2. EXECUTIVE SUMMARY
A QUICK OVERVIEW OF MARKET PERFORMANCE
2.1 KEY FINDINGS
2.2 MARKET TRENDS

3. MARKET OVERVIEW
UNDERSTANDING THE CURRENT STATE OF THE MARKET AND ITS PROSPECTS
3.1 MARKET SIZE
3.2 MARKET STRUCTURE
3.3 TRADE BALANCE
3.4 PER CAPITA CONSUMPTION
3.5 MARKET FORECAST TO 2025

4. MOST PROMISING PRODUCTS
FINDING NEW PRODUCTS TO DIVERSIFY YOUR BUSINESS
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION
4.1 TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2 BEST-SELLING PRODUCTS WORLDWIDE
4.3 MOST CONSUMED PRODUCT WORLDWIDE
4.4 MOST TRADED PRODUCT
4.5 MOST PROFITABLE PRODUCT FOR EXPORT

5. MOST PROMISING SUPPLYING COUNTRIES
CHOOSING THE BEST COUNTRIES TO ESTABLISH YOUR SUSTAINABLE SUPPLY CHAIN
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION
5.1 TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2 TOP PRODUCING COUNTRIES
5.3 TOP EXPORTING COUNTRIES
5.4 LOW-COST EXPORTING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS
CHOOSING THE BEST COUNTRIES TO BOOST YOUR EXPORTS
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION
6.1 TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2 TOP CONSUMING MARKETS
6.3 UNSATURATED MARKETS
6.4 TOP IMPORTING MARKETS
6.5 MOST PROFITABLE MARKETS

7. PRODUCTION
THE LATEST TRENDS AND INSIGHTS INTO THE INDUSTRY
7.1 PRODUCTION VOLUME AND VALUE

8. IMPORTS
THE LARGEST IMPORTERS ON THE MARKET AND HOW THEY SUCCEED
8.1 IMPORTS FROM 2007–2017
8.2 IMPORTS BY COUNTRY
8.3 IMPORT PRICES BY COUNTRY

9. EXPORTS
THE LARGEST EXPORTERS ON THE MARKET AND HOW THEY SUCCEED
9.1 EXPORTS FROM 2007–2017
9.2 EXPORTS BY COUNTRY
9.3 EXPORT PRICES BY COUNTRY

10. PROFILES OF MAJOR PRODUCERS
THE LARGEST PRODUCERS ON THE MARKET AND THEIR PROFILES
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION

LIST OF TABLES
Table 1: Key Findings In 2017
Table 2: Market Volume, In Physical Terms, 2007–2017
Table 3: Market Value, 2007–2017
Table 4: Per Capita Consumption In 2007-2017
Table 5: Imports, In Physical Terms, By Country, 2007–2017
Table 6: Imports, In Value Terms, By Country, 2007–2017
Table 7: Import Prices, By Country Of Origin, 2007–2017
Table 8: Exports, In Physical Terms, By Country, 2007–2017
Table 9: Exports, In Value Terms, By Country, 2007–2017
Table 10: Export Prices, By Country Of Destination, 2007–2017

LIST OF FIGURES
Figure 1: Market Volume, In Physical Terms, 2007–2017
Figure 2: Market Value, 2007–2017
Figure 3: Market Structure – Domestic Supply Vs. Imports, In Physical Terms, 2007-2017
Figure 4: Market Structure – Domestic Supply Vs. Imports, In Value Terms, 2007-2017
Figure 5: Trade Balance, In Physical Terms, 2007-2017
Figure 6: Trade Balance, In Value Terms, 2007-2017
Figure 7: Per Capita Consumption, 2007-2017
Figure 8: Market Forecast To 2025
Figure 9: Products: Market Size And Growth, By Type
Figure 10: Products: Average Per Capita Consumption, By Type
Figure 11: Products: Exports And Growth, By Type
Figure 12: Products: Export Prices And Growth, By Type
Figure 13: Production Volume And Growth
Figure 14: Exports And Growth
Figure 15: Export Prices And Growth
Figure 16: Market Size And Growth
Figure 17: Per Capita Consumption
Figure 18: Imports And Growth
Figure 19: Import Prices
Figure 20: Production, In Physical Terms, 2007–2017
Figure 21: Production, In Value Terms, 2007–2017
Figure 22: Imports, In Physical Terms, 2007–2017
Figure 23: Imports, In Value Terms, 2007–2017
Figure 24: Imports, In Physical Terms, By Country, 2017
Figure 25: Imports, In Physical Terms, By Country, 2007–2017
Figure 26: Imports, In Value Terms, By Country, 2007–2017
Figure 27: Import Prices, By Country Of Origin, 2007–2017
Figure 28: Exports, In Physical Terms, 2007–2017
Figure 29: Exports, In Value Terms, 2007–2017
Figure 30: Exports, In Physical Terms, By Country, 2017
Figure 31: Exports, In Physical Terms, By Country, 2007–2017
Figure 32: Exports, In Value Terms, By Country, 2007–2017
Figure 33: Export Prices, By Country Of Destination, 2007–2017