Technavio’s latest report on the global mattress market provides an analysis of the most important trends expected to impact the market outlook from 2017-2021. The global mattress market is forecast to showcase a CAGR of almost 7% and reach a value of $36.8 billion by 2021.
The bedding industry is expected to enjoy modest growth in 2011, according to Furniture/Today’s Consensus Bedding Forecast. The forecast, developed with estimates from almost three dozen bedding producers, envisions unit growth this year of 3.2% with the dollar value of bedding shipments growing by 3.7%. Despite a lackluster housing market, industry analysts see some positives taking shape this year in the bedding industry. They expect business to improve as the year unfolds, and they say aggressive moves by retailers and manufacturers will pay dividends. There also is a school of thought holding that the specialty sleep segment, a premium product category, will spark overall gains at the upper end of the market.
A new Mattress/Bedding Industry “Green Initiative” consumer survey sponsored by the Specialty Sleep Association (SSA) asked what claims consumers would want addressed by an industry label, seal or program. “Safety” and “Emissions” were the top two issues raised by consumers. Seventy-nine percent (79%) of consumers surveyed would choose a mattress with an environmentally friendly claim. The study also showed that 39% of the respondents indicated that they would pay more for an environmentally-friendly mattress. More than half of consumer respondents (56%) said a “green” seal or certification on a mattress would make them more likely to consider that mattress.
According to The NPD Group, Inc., the total home textiles market declined 3.5% in dollar sales for the 12 months ending June 2009, versus the same time last year, and has been declining steadily over the past three years. In spite of all this, the kitchen and dining home textile segment grew 3.7% in dollar sales, compared to the previous 12 months, and was the only segment that showed growth in the 12 months ending June 2009. In fact, the growth in kitchen and dining is the only growth seen among the main textile segments (bed, bath, kitchen & dining, and window) in the past few years.