China mattress market is expected to grow owing to the consumers’ growing awareness on the importance of mattresses and increasing income levels: Ken Research

China Mattress Market

In China Mattress Market there are about ~ players operating in the overall market, and top ~ players accounted ~% share in the market in terms of revenue. The Chinese mattress market is fragmented and has high intensified competition within industry players. There is a high homogeneity of products manufactured in the market; however, brand awareness among consumers is likely to drive the market further.

To learn more about this report Download A Free Sample

Key Market Findings:

China Mattress Market was valued at USD ~ in 2022P and is projected to grow to USD ~ by 2027F, registering a CAGR of ~% in terms of revenue during the forecast period (2022P-2027F).
In terms of volume of transactions, the innerspring mattress is expected to register a CAGR close to ~% in 2027F.

Increasing Awareness of the Concept of Quality Sleep: China’s mattress market is dynamic due to constantly evolving consumer preferences. With the increasing awareness on living standard and sleeping quality, the frequency of mattress replacement is speeding up and will be a driver of market growth once market penetration is at the maximum.

Rental Housing Renovation Trends: With the increase in home ownership costs and government policy support, the rental industry has entered a new era of development.

Renovation of rental housing is trending in China, purchasing new mattresses for the rental houses is stimulating. People are convinced of settling for comfortable mattress and getting a new mattress for quality sleep and quality life. Which ultimately results in the growth of mattress market.

Growing Export of Mattresses: There is a growing export of mattresses from China and it is the world’s largest mattress exporter to the major mattress markets. China holds more than one-third of the total mattress exports, representing about one-third of the total market. The top five exporting destinations for China mattresses include Thailand, Italy, the United States of America, Vietnam, and Australia.

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.

Visit this Link Request for a custom report

Key Segments Covered in the report

By Type