Summary
Stuffed mattress: Industry revenue is forecast to rise in 2023-34 due to the boom in e-commerce
Abstract
Mattress Manufacturing in the UK
The Mattress Manufacturing industry is fragmented, providing ample opportunity for smaller manufacturers to compete. Demand for mattresses primarily hinges on residential property transactions and capital expenditure on housing. These factors are closely tied to the economic climate and overall confidence in the economy. Trends in the service sector, specifically downstream demand from hotels, also influence our business. The number of visitor nights, which affects the frequency of mattress replacements, depends on consumer confidence and real household disposable income. Significantly, the surge in e-commerce has strengthened the mattress industry, as online retailers can operate at a lower cost than physical stores, primarily because of reduced rental and staffing expenses. However, the industry is grappling with challenges like the depreciation of the pound and lukewarm growth in residential property transactions, which have throttled profitability. Despite the expectation of increased exports from 2023-24, owing to a weaker pound, domestic retailers’ fondness for low-cost imports is likely to increase imports. Revenue is expected to decline at a compound annual rate of 4.1% over the five years through 2023-24 to £781.2 million, including an estimated climb of 3.2% in 2023-24.
This industry includes companies that manufacture spring or stuffed mattresses and those with internally fitting support material. Moreover, it also includes the manufacture of uncovered cellular rubber, plastic mattresses and mattress supports. The manufacture of inflatable rubber or rubber waterbed mattresses is excluded.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
