Beds and Mattresses: A Global Strategic Business Report
San Jose, CA (PRWEB) April 15, 2009
The beds and mattress industry has metamorphosed over the years from a dull, predictable and slow growth market into an aggressive, dynamic and lucrative marketplace. The profit margins and levels of competition are extremely high and there is no stopping the furious pace at which the market is expanding. There is a spectacular show of strength with bedding manufacturers, retailers and even consumers joining together in unison to create bedding history. Never before was the bedding industry so active and buzzing with activity, where the traditional and slow growth segments are being eased out by the faster moving markets. Today, there is something for everyone and literally so, with general-purpose and specialized products; high priced/luxury bedding and economical products all flooding the marketplace.
Global beds and mattresses market is projected to cross $27 billion by 2015. The United States represents the largest market for beds and mattresses. Asia-Pacific represents the fastest growing beds and mattresses market, exhibiting double-digit compounded annual growth over the period 2006-2015.
Traditional innerspring mattresses market represents the largest product segment. Non-innerspring (specialty) mattresses market, outsmarting the traditional market in terms of growth, is projected to register a steady growth over the period 2006-2015.
Decline in sales of fashion comforters and sluggish growth in duvet covers and quilts segments obstructed the growth of the overall mattress market in 2007, while bedding sets, coverlets, and bedspreads remained strong in the total market. However, economic uncertainty, coupled with price volatility prevailing in the energy market, is expected to slash down the sales of beds and mattress market, worldwide. Though the market is projected to rebound after the waves of uncertainty move back, the recoil is forecast to take place only after 2009 and at a sluggish rate. Bedding retailers are compelled to stick on to their basic business and prop up promotion. Delay of replacement cycle and restricted purchases are expected to plunge down the sales.
One of the important trends sweeping across the juvenile beds and mattresses market is the growing demand for full-sized beds for children. For decades, twin sized mattresses were considered the normal choice for parents with small children. But now the full sized mattresses and beds are being looked upon as long-term bedding investment. Parents seem reluctant to bear the cost of replacing smaller sized beds when the children outgrow them. The trend is expected to boost the sales of the full-sized mattress, which had witnessed eroding market share in the past.
These and other market data and trends are presented in "Beds and Mattresses: A Global Strategic Business Report" published by Global Industry Analysts, Inc. This GIA report discusses the prevailing trends, issues, drivers, challenges, demand forecasts, and activities that affect the industry. The beds and mattresses market is analyzed in $ Million by the following geographic regions - United States, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America, and Rest of World; and product segments - Traditional Innerspring Mattresses and Non-Innerspring (Specialty) Mattresses. Analytics for the period 2000-2015 provide a comprehensive understanding of the market.
Dominant global forces profiled in the report include Comfort Solutions, International Bedding, Kingsdown Inc, Magniflex S.p.a., Relyon Limited, Sealy Corporation, Select Comfort Corporation, Serta International, Silentnight Group, Simmons Bedding Company, Spring Air Company, Tempur-Pedic International Inc, Therapedic Sleep Products Inc, and Treca among several others. The study enumerates recent developments, mergers, acquisitions, and other strategic industry activities, and is a thorough guide to the industry.
For more details about this research report, please visit http://www.strategyr.com/Mattresses_and_Beds_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.
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