RESEARCH AND EVALUATION OF THE MARKET MATTRESS MANUFACTURING ACROSS ASIA AND THE PACIFIC

The report “Asia-Pacific Mattresses Market Outlook to 2018: Developing Economy and Brand Awareness to Intensify Demand” provides a comprehensive analysis of the industry, covering aspects such as market size as measured by revenue through mattress sales as well as market segmentation as measured by revenue by types of mattresses (spring and coir mattresses, foam mattresses, and hybrid mattresses) and by geography (india, china, japan, australia). Additionally, the report includes an in-depth description of the most recent trends and developments, growth drivers, brand analysis, and restraints in the market, as well as the competitive scenario of major players in the industry along with the market share of major companies in the asia pacific mattresses market. The mattress market in Asia and the Pacific is very fragmented, and its participants include both large multinational corporations and small enterprises operating on a regional basis. The total revenue of the market in the area, which includes China, India, Australia, and other countries, was valued at million US dollars in 2013, an increase of 11 percent from the total revenue of the market in the region, which was million US dollars in 2008. In the year 2013, these nations had a combined contribution of % to the mattress market in Asia and the Pacific, with China owning the majority of the market’s greatest share. A rising number of health conscious people who are now willing to spend increased amount for health benefits, rapid urbanization in the region increasing affordability of mattresses, and an inclining per capita total expenditure on luxury goods are some of the potential factors which have helped in increasing the demand for mattresses in the Asia Pacific region. In the most recent few years, these elements have together contributed to the general strengthening of the market for furniture and furnishings in the Asia Pacific area. In 2013, China was the country that made the most financial contribution to the asia-pacific mattress market, accounting for a staggering proportion of the market’s total revenue. After the United States, China is now the world’s second biggest market for mattresses. India, a developing nation, withheld a percentage contribution of 0 percent in 2013, a significant decrease from the 18.4 percent it withheld in 2008. The spring mattress and the coir mattress together accounted for a majority portion of the revenue that was generated in the mattress market in Asia and the Pacific in 2013. This share was equivalent to a contribution of percent in 2013. In 2013, the foam mattress segment of the asia-pacific mattress market had a percentage contribution of % to the total revenues of the market. This made it the second biggest contributor to those revenues. The annual sales of hybrid mattresses were estimated to be USD 0 million in 2008, but they skyrocketed at a significant compound annual growth rate of USD 0 million to reach USD 964 million in 2013. The market for mattresses in India is very competitive and is controlled by a small number of well-known brands, including sleepwell, kurlon, and springwel. In the year 2013, the mattress market in India had sales of USD million, and the market leader was sleepwell, which had a market share of percent of the market. The expanding economies of India, China, and Australia, in addition to rising investments by international companies in the Asia-Pacific area, are going to be the primary drivers of the mattress industry’s expansion in the years to come. It is anticipated that the asia-pacific mattress market will grow at a compound annual growth rate of percent to reach USD million in 2018. It is anticipated that the percentage of income contributed by spring and coir mattresses would increase, moving up from around 63 percent in 2013 to approximately percent in 2018. The market for foam mattresses is expected to grow at a phenomenal compound annual growth rate of % between 2013 and 2018, bringing the total revenue to USD MM in 2018. ken research’s Ankur Gupta, head of marketing and communications, may be reached at info@kenresearch.com or +91-9015378249 with any questions on the Asia-Pacific Mattress Market.

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