Firms will integrate high-tech functions and target older consumers to obtain growth
New York, NY (PRWEB) April 14, 2014
Over the five years to 2014, the Adjustable Bed and Mattress Manufacturing industry is expected to surge off a low base from the effects of the recession. Like most producers of consumer discretionary goods, adjustable bed and mattress manufacturers experienced declines during the economic downturn; however, the industry has revived as conditions improved, such as the real estate market and income levels. When consumers move into new homes, they typically purchase new furniture and household items; therefore, activity in the residential real estate market directly affects the Adjustable Bed and Mattress Manufacturing industry. As a result, industry revenue is expected to grow at an annualized rate of 3.9% to $1.1 billion over the five-year period, lifted by a 3.3% increase in 2014.
According to IBISWorld Industry Analyst Brandon Ruiz, “In addition to the revived real estate market, disposable income levels are anticipated to rise from low levels, benefiting adjustable bed and mattress manufacturers.” Although disposable income fell 1.3% in 2009 in response to high unemployment and the weak economy, disposable income is expected to rise over the five years to 2014 as unemployment rates subside. As a result, consumers will more likely purchase discretionary goods, such as adjustable beds and mattresses. New technology offered by the Adjustable Bed and Mattress Manufacturing industry is also helping the industry win over customers that previously were holdouts. Adjustable beds now feature Wi-Fi remotes, LED screens, digital clocks, iPhone connectivity, full body massage and heating pads, and built-in sleep timers. All of these features help adjustable beds and mattresses further differentiate themselves from traditional mattresses.
In the five years to 2019, IBISWorld projects that industry revenue will. “The recovering housing market and increasing disposable income will help boost demand for mattresses,” says Ruiz. As the level of residential construction rises, homeowners will purchase more household goods, including adjustable beds and mattresses.
For more information, visit IBISWorld’s Adjustable Bed and Mattress Manufacturing in the US industry report page.
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IBISWorld industry Report Key Topics
The Adjustable Bed and Mattress Manufacturing industry manufactures adjustable beds and mattresses for retailers, wholesalers, consumers and the export market. This industry specifically excludes hospital beds.
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.