According to SPER Market Research, the China Mattress Market is expanding during the projection period due to country's expanding population, rising income levels, and the thriving housing industry all contribute to the prediction. Due to changing lifestyles and the prevalence of sleep problems, consumers place a high value on a mattress that is both useful and healthy. The expansion of the mattress market in China is anticipated to be influenced by the replacement of bedding. A significant part in the market's growth is also being played by social e-commerce platforms like Twitter, Tuoke, and Pinchao.
The mattress market in China is currently in an early stage of development. The value that peoples place on mattresses is changing. Also, there is a lot of space for growth because the market concentration is quite low. Nonetheless, the Chinese mattress market is home to numerous top-tier international corporations with promising long-term potential. Given customers increasing understanding of the value of mattresses, there is a significant opportunity for international companies to establish and increase their presence.
All continents have experienced the COVID-19 pandemic. Besides from causing a health crisis, the COVID-19 pandemic has intensified the global economic, political, and social crises. Also, the disruption of the supply chain is attributable to decreased commodities mobility as a result of international restrictions. Loss of money and work are further expected consequences of this. The consumer goods industry is currently experiencing an unprecedented crisis due to the coronavirus outbreak. Customers are seeking comfort in their homes as a result of the COVID-19 outbreak. As a result, market dynamics have changed, increasing demand for mattresses. Furthermore, customers growing desire for luxurious mattresses is related to their interest in high-end, personalized mattresses.
China Mattress Market Overview:
- Forecast CAGR (2022-2032): XX%
- Forecast Market Size (2032): XX billion
China has become a significant mattress manufacturing centre. Due to the country's expanding population, rising income levels, and flourishing property market, China's mattress business grew quickly. The current expansion of international trade is one of the other main causes. China's mattress manufacturing industry is quite profitable, but as labour and material prices rise, margins are getting tighter, which might possibly impact the market's expansion. Other factors, such as the rate of home remodelling, the size of new homes, and innovations in conventional sleep concepts continue to have an impact on China's mattress market. In the Chinese mattress market, consumer groups are growing and have room for future growth. Due to changing lifestyles and an increase in sleep disorders, customers place a high value on a functional and healthful mattress. The Chinese mattress market is expected to expand as more people replace their bedding.
Impact of COVID-19 on the China Mattress Market:
All seven continents have been affected by the COVID-19 pandemic. The COVID-19 pandemic has exacerbated the global economic, political, and social crises while also causing a health crisis. Supply chain disruption has also resulted from decreased goods mobility as a result of international restrictions. Additionally, it is projected that this will result in lost income and jobs. The consumer products industry is experiencing an unheard-of crisis as a result of the coronavirus outbreak. Consumers are staying in their homes and seeking comfort as a result of the COVID-19 pandemic. This has altered the dynamics of the market and raised demand for mattresses. Also, customers' growing desire for luxurious mattresses is associated with their interest in premium and customized mattresses. The COVID-19 outbreak has significantly affected the mattress industry.
However, the mattress business has recently seen a surge in demand due to the availability of internet shopping and doorstep delivery. Also, the market is now reliant on domestic manufacturing and output due to restrictions on the transportation of goods. Also, a lot of buyers want comfort features in their homes. As a result, the market survived the year-long epidemic era thanks to a boom in demand for sleeping mattresses. It is also evident that branded mattresses have amassed a larger following on social media platforms, but the impact of knockoff products has continued to be felt heavily since consumers demand mattresses with affordable prices, superior designs, and adequate durability.
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China Mattress Market Key Segments Covered:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2032. This report contains statistics on product type segment growth estimates and forecasts.
By Type:
- Innerspring Mattresses
- Latex Mattresses
- Memory Foam Mattresses
By Distribution Channel:
- Offline
- Online
By Region:
- East China
- Middle China
- North China
- Northeast China
- Northwest China
- South China
- Southwest China
This report also provides the data for key regional segments of East China, Middle China, North China, Northeast China, Northwest China, South China, Southwest China.
China Mattress Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Jiaxing YuanChang Furniture Supplies Co., Ltd., KukaHome, Man Wah, Mlily, Red Apple, Simmons, Sleemon Xilinmen Furniture Co., Ltd.
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