Chinese Mattress Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 15.47 Billion |
| Market Size (2029) | USD 23.29 Billion |
| CAGR (2024 - 2029) | 8.22 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Chinese Mattress Market Analysis
The China Mattress Market size is estimated at USD 15.47 billion in 2024, and is expected to reach USD 23.29 billion by 2029, at a CAGR of 8.22% during the forecast period (2024-2029).
China emerged as an important production hub for mattress manufacturing. China's mattress market developed rapidly due to the growing population in China, increasing income levels, and the booming housing market. Other major reasons include the growth of international trade in current times. Mattress manufacturing is a highly profitable market in China, but margins are being squeezed due to rising material and labor costs, which can also hinder the growth of the market. China's mattress industry is still affected by other factors, such as the speed of renovation of existing houses, expansion of new houses, and innovation in traditional sleep concepts. Consumer groups are expanding in the Chinese mattress market and have the potential for further development. Consumers highly regard a functional and healthy mattress in the market due to changing lifestyles and sleep disorders among people. Replacement of bedding is forecasted to lead to the growth of the mattress market in China. Social e-commerce channels, such as Twitter, Tuoke, and Pinchao, are also playing a huge role in the development of the market studied.
The COVID-19 pandemic and lockdown acted as a massive restraint on the Chinese mattress market in 2020, as supply chains were disrupted due to trade restrictions. The purchase of these products was declined due to lockdowns imposed by the Indian government. The lockdown restrictions forced to stop the manufacturing of mattresses and reduced the purchasing of mattresses, which resulted in a decline in the overall ASEAN market.
Chinese Mattress Market Trends
China is the Major Exporter 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 33% of the total market. The top five exporting destinations for China mattresses include Thailand, Itlay, the United States of America, Vietnam, and Australia.
Memory Foam Mattresses Demand is Expected to Increase in the Chinese Mattress Market
Memory foam mattresses in China still have a low share as compared to other mattress types. Due to the traditional consumption habits of the Chinese and the low income of the residents, memory foam mattresses are still in the developmental phase in China. Product development will be mainly driven by the urbanization of the population and expanding residential areas. Consumer preference is also changing in the market, and they are accepting the concept of healthy sleep, which might escalate the demand for mattresses further. The demand for innerspring and latex mattresses is also expected to increase in the market.
Chinese Mattress Industry Overview
The Chinese mattress market is fragmented and has highly intensified competition among 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. Low-range products have high competition in the market, while international companies mainly develop high-end products in the market. Consumers are price-sensitive, and price competition is rising in the market.
Chinese Mattress Market Leaders
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Sleemon Xilinmen Furniture Co., Ltd.
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Simmons
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Serta
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Sealy
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King Koil
*Disclaimer: Major Players sorted in no particular order
Chinese Mattress Market News
- April 2023: Avocado Green Mattress enters wholesale. Avocado Green Mattress aims to be available in more than 600 stores by the end of the year by adding more wholesale partners to its business.
- May 2023: Tempur Sealy announced a definitive agreement to acquire Mattress Firm Group Inc. (Mattress Firm), the nation’s largest mattress specialty retailer, in a cash and stock transaction valued at approximately USD 4 billion.
China Mattress Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS AND DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increase in Disposable Income is Driving the Market
4.3 Market Restraints
4.3.1 Challenges in Distribution and Logistics
4.4 Market Opportunities
4.4.1 Demand for Premium and Customized Mattresses
4.5 Value Chain/Supply Chain Analysis
4.6 Porter's Five Forces Analysis
4.6.1 Bargaining Power of Suppliers
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Threat of New Entrants
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
4.7 Insights into Government Regulations in the Market
4.8 Insights into Technological Disruptions in the Market
4.9 Insights into Different Sizes of Mattresses
4.10 Insights into Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Innerspring Mattresses
5.1.2 Memory Foam Mattresses
5.1.3 Latex Mattresses
5.1.4 Other Types (Gel and Hybrid)
5.2 By End User
5.2.1 Residential
5.2.2 Commercial
5.3 By Distribution Channel
5.3.1 Offline
5.3.2 Online
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Sleemon Xilinmen Furniture Co. Ltd.
6.2.2 Simmos
6.2.3 Serta
6.2.4 Sealy
6.2.5 King Koil
6.2.6 Sleep Number
6.2.7 Simmons
6.2.8 Tempur-Pedic
6.2.9 Silentnight
6.2.10 Airland*
- *List Not Exhaustive
7. FUTURE AND OPPORTUNITIES IN THE MARKET
8. DISCLAIMER
Chinese Mattress Industry Segmentation
A mattress is a soft, airtight case that is designed to be inflated and used as a bed. The report covers a complete background analysis of the Chinese mattress market, which includes an assessment of the total market, emerging trends in the segments and regional market, and significant changes in market dynamics and market overview. The report also offers qualitative and quantitative assessments by analyzing the data gathered from industry analysts and market participants across various key points in the value chain. The report covers the Chinese foam mattress market, and it is segmented by type (innerspring mattresses, memory foam mattresses, latex mattresses, and other types (gel and hybrid) and distribution channel (offline and online). The report offers market size and forecasts for the Chinese mattress market in terms of revenue (USD) for all the above segments.
| By Type | |
| Innerspring Mattresses | |
| Memory Foam Mattresses | |
| Latex Mattresses | |
| Other Types (Gel and Hybrid) |
| By End User | |
| Residential | |
| Commercial |
| By Distribution Channel | |
| Offline | |
| Online |
China Mattress Market Research Faqs
How big is the China Mattress Market?
The China Mattress Market size is expected to reach USD 15.47 billion in 2024 and grow at a CAGR of 8.22% to reach USD 23.29 billion by 2029.
What is the current China Mattress Market size?
In 2024, the China Mattress Market size is expected to reach USD 15.47 billion.
Who are the key players in China Mattress Market?
Sleemon Xilinmen Furniture Co., Ltd., Simmons, Serta, Sealy and King Koil are the major companies operating in the China Mattress Market.
What years does this China Mattress Market cover, and what was the market size in 2023?
In 2023, the China Mattress Market size was estimated at USD 14.20 billion. The report covers the China Mattress Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the China Mattress Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
China Mattress Industry Report
Statistics for the 2024 China Mattress market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. China Mattress analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
