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U.S. Mattress Market. Analysis And Forecast to 2025

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Article Publishing Date: May 1, 2018

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

IndexBox has just published a new report "U.S. Mattress Market. Analysis And Forecast to 2025". 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 $8.7B in wholesale prices, $316M (or 4%) 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 +3.4% from 2007 to 2017.

In physical terms, the U.S. mattress market was estimated at 65.3M units in 2017, 6% growth from the year before. Overall, it remained relatively flat over the last four years.

Mattresses Market is Expected to Reach $10.2B by 2025.

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 +2.1% per year (currently +3.4%) in the medium term, which is forecast lead the market value to $10.2B by 2025.

Mattresses, Innerspring Held 60% of Total Mattress Production

U.S. mattress manufacturing illustrated slight decline over the last three years to $7.7B in 2017. This level was $613M (or 7%) less than the highest level of 2014 and $1.4B (or 22%) 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 (60% in 2017) of U.S. mattress manufacturing, followed by mattresses, other types (21%), foundations, excluding innerspring units and foundations incorporated into hybrid-type flotation sleep ensembles and electric adjustable sleep ensembles (11%) and sleep system ensembles and mattresses, excluding conventional waterbeds (5%).  

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 (+11.8% 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 (-8 percentage points), while mattresses, innerspring (including polyurethane, rubber topper pads, and mattresses sold as part of hollywood beds), excluding crib-size (+6 percentage points) and system ensembles and mattresses, excluding conventional waterbeds (+2 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 13% in 2017 against 4% 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 6% in 2017.

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

The U.S. exported $184M of mattresses in 2017, which accounted for 2% 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 1,261K units, with the trend pattern similar to that of the value of exports.

In 2017, Canada (845K units, of $119M) remains the main destination of U.S. mattress exports, comprising 67% of the total figure (based on physical terms). Korea (6%), Mexico (5%), Japan (3%) and China (2%) 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 +31.5% over the period from 2007-2017. Meanwhile, exports to Japan experienced a contraction at an average annual rate of -4.5% over the same period. Therefore, the share exported to Canada (+6 percentage points) and Korea (+5 percentage points) increased, while the share sent to Japan illustrated negative dynamics (-4 percentage points). The shares of the other countries remained relatively stable throughout the analyzed period.  

China Supplied 79% of the U.S. Mattress Imports

The value of total U.S. mattress imports totalled $13.7B in 2017, expanding at an average annual rate of 17.2% over the period under review. From 2009 imports grew steadily with a pronounced 50% growth over the last year.

China (79%, based on units), distantly followed by Mexico (11%), Canada (3%) and Turkey (1%) were the main suppliers of mattress into the U.S. The remaining suppliers accounted for only 6% of total U.S. imports. Turkey (+24.0% per year) and China (+16.6% per year) were the fastest growing suppliers from 2007 to 2017. China significantly strengthened its position in the U.S. imports by +21 percentage points from 2007 to 2016. By contrast, Mexico and Canada saw their shares reduced by -6 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: IndexBox AI Platform

Product coverage:
• Prodcom 31031230 - Mattresses of cellular rubber (including with a metal frame) (excluding water-mattresses, pneumatic mattresses)
• Prodcom 31031250 - Mattresses of cellular plastics (including with a metal frame) (excluding water-mattresses, pneumatic mattresses)
• Prodcom 31031270 - Mattresses with spring interiors (excluding of cellular rubber or plastics)
• Prodcom 31031290 - Mattresses (excluding with spring interiors, of cellular rubber or plastics)

This report provides an in-depth analysis of the mattress market in the USA. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• USA

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the USA
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

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

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
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

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

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 Import Supplying Countries

8.1
IMPORTS FROM 2007–2018
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2018
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

LIST OF TABLES
Table 1:
Key Findings In 2018
Table 2:
Market Volume, In Physical Terms, 2007–2018
Table 3:
Market Value, 2007–2018
Table 4:
Per Capita Consumption In 2007-2018
Table 5:
Imports, In Physical Terms, By Country, 2007–2018
Table 6:
Imports, In Value Terms, By Country, 2007–2018
Table 7:
Import Prices, By Country Of Origin, 2007–2018
Table 8:
Exports, In Physical Terms, By Country, 2007–2018
Table 9:
Exports, In Value Terms, By Country, 2007–2018
Table 10:
Export Prices, By Country Of Destination, 2007–2018
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2018
Figure 2:
Market Value, 2007–2018
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2018
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2018
Figure 5:
Trade Balance, In Physical Terms, 2007-2018
Figure 6:
Trade Balance, In Value Terms, 2007-2018
Figure 7:
Per Capita Consumption, 2007-2018
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, 2007–2018
Figure 21:
Production, In Value Terms, 2007–2018
Figure 22:
Imports, In Physical Terms, 2007–2018
Figure 23:
Imports, In Value Terms, 2007–2018
Figure 24:
Imports, In Physical Terms, By Country, 2018
Figure 25:
Imports, In Physical Terms, By Country, 2007–2018
Figure 26:
Imports, In Value Terms, By Country, 2007–2018
Figure 27:
Import Prices, By Country Of Origin, 2007–2018
Figure 28:
Exports, In Physical Terms, 2007–2018
Figure 29:
Exports, In Value Terms, 2007–2018
Figure 30:
Exports, In Physical Terms, By Country, 2018
Figure 31:
Exports, In Physical Terms, By Country, 2007–2018
Figure 32:
Exports, In Value Terms, By Country, 2007–2018
Figure 33:
Export Prices, By Country Of Destination, 2007–2018
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