Asia-Pacific Mattress Market: Key Factors and Dynamics Explored in Comprehensive Study

MUMBAI, India - Jan. 22, 2024 - PRLog -- The Asia-Pacific region emerges as a key consumer market for mattresses, driven by substantial populations in India, China, and Indonesia. Factors influencing the industry's growth include increased household numbers, evolving consumer preferences, technological advancements, and supportive government policies. According to Makreo Research, the market witnessed remarkable YoY growth, reaching USD 11.037 billion in 2019, with China contributing over 35.3% to the global home bedding market revenue.

Online Trends and Consumer Preferences: Differences in online trends, market sizes, and consumer preferences are pronounced in the region. South Korea exhibits high online penetration, while India, despite lower volume, is making significant strides in the online mattress market.

Spring Mattress Segment Surge: The Spring Mattress segment experiences surging growth, driven by rising back issues and discomfort associated with sleep surfaces. In markets like India and China, there's a growing demand for innerspring mattresses, particularly in the premium category. Notably, spring mattresses are preferred for their thickness, enhanced support, and resilience.

Key Industry Developments: Several key developments shape the mattress industry landscape, including Saatva, Inc.'s introduction of the Memory Foam Hybrid Mattress and German brand Emma's EUR 100 million investment in the Indian and Asia-Pacific markets. The Sleep Company, a D2C brand, secures INR 177 Crore in funding, indicating a robust market presence.

Trade Facts: China sees a significant decline in mattress imports in 2022, while exports continue to grow. Australia experiences a surge in mattress imports, reaching 2.9 million units in 2022.

Study Scope: Makreo Research conducts a comprehensive analysis of the Asia-Pacific Mattress Market, covering materials, applications, and growth in key countries (China, India, Japan, Vietnam, Australia). The study explores qualitative and quantitative factors, delving into consumer behavior, industry trends, and market dynamics. It extends beyond statistical figures, incorporating aspects such as mattress pricing, key players, trade performance, and the competitive landscape. The report offers historical and current market performance insights, along with future growth projections, serving as a valuable guide for navigating the nuanced Asia-Pacific Mattress Market landscape.

To Know More:
Asia-Pacific Mattress Market Size and Forecast (2018-2030) – by Materials, Application, and Growth in Key Countries – China, India, Japan, Vietnam, Australia (https://www.makreo.com/report/asia-pacific-mattress-marke...)

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