Vietnam Mattress Market Overview
According to SPER Market Research, the Vietnam Mattress Market is estimated to reach USD XX billion by 2032 with a CAGR of 6.04%.
The data at hand makes it appear certain that the idea of a mattress dates back to prehistoric times. Early humans were able to sleep more soundly and comfortably on mounds of leaves, straw, and animal skins than they could have on hard surfaces. Primitive furnishings, such as the bed, started to emerge when more people switched from a nomadic, hunting lifestyle to a stable, agrarian one. Currently, the average customer replaces a mattress every eight years due to rising technological improvements and disposable cash. The decision to buy a quality mattress is influenced by a variety of elements, including cost, accessibility, and material. This has a significant impact on the kind of mattress that purchasers select.
The Vietnam market has shown notable growth over the examined period. The scale of the mattress business in the country has increased due to rising demand from the residential and commercial sectors. As there are more hotels and rooms available nationwide, the hotel sector has expanded. There are now more beds in hospitals. As a result, there is now a greater need for high-quality mattresses nationwide. The mattress market in Vietnam has expanded. The amount of mattresses being produced has also gone up. Also, the country's businesses' expanding efforts at marketing and brand promotion have expanded the clientele of the businesses. Throughout the forecast period, the Vietnamese mattress market is anticipated to expand at a five-year CAGR. The population's increased awareness of the need for and use of different mattress types, the rapid urbanization rate, rising incomes, and the rise in the number of businesses supplying the products and range of mattress variants are all said to be contributing factors to the expansion.
Young consumers, who are more concerned about their health and are willing to spend a higher price than normal for cutting-edge products that would provide them better satisfaction, are mostly to blame for the surge in demand for mattresses. The key drivers of the mattress market's expansion are the rising number of consumers who are health-conscious and the rising level of disposable income. The rising prevalence of spinal and other health conditions, the demand for a better lifestyle, the rising per capita income, the growing urban population driving up residential demand, and a thriving hospitality industry are all contributing factors to the projected growth in the Vietnamese mattress market for the upcoming years. The adoption of newer, higher-quality mattresses is predicted to increase in the near future due to the mattress industry's manufacturers' increasing innovation.
Impact of COVID-19 on the Vietnam Mattress Market
The Covid-19 epidemic had a significant effect on many global markets. The impact of the unusual pandemic was likewise not unfamiliar to the Mattress Market. Due to a closure on stores during the initial wave of the Covid-19 outbreak, mattress sales decreased. The production of new mattresses also decreased as a result of workplace and transportation limitations. But, when people started doing house modifications and renovations while working from home, the market recovered. Since it is simple to purchase mattresses from e-retail stores, the availability of mattresses online contributed to an increase in sales during the epidemic. Nevertheless, as manufacturing and sales pick back up after the pandemic, both offline and online, Market is poised to expand even more. Mattress sales will rise in the post-pandemic world as people become more health-conscious and value restful sleep. Also, individuals will choose innovatively constructed mattresses with numerous advantages and durability in place of conventional beds.
-01016176032023.jpg)
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Mattress Type, By Mattress Size, By End User, By Distribution Channel
|
| Regions covered | Bien Hoa, Buon Ma Thout, Can Tho, Da Nang, Hai Phong, Hanoi, Ho Chi Minh, Hue, Nha Trang, Others
|
| Companies Covered | BVD Wonders, Dunlopillo, Everpia JSC, Far East Foam, Hava’s Mattress Vietnam, Kim Cuong Mattress, KYMDAN, Lien A Mattress, Lotus Mattress, Van Than Mousse & Foam Company
|
Target Audience-
- Associations
- Government bodies
- Industry Consultants
- Manufacturers
- Organizations
- Suppliers
- Other stakeholders
Vietnam Mattress Market Segmentation:
1. By Mattress Type:
- Airbed Mattress
- Coir Mattress
- Latex Mattress
- PU Foam Mattress
- Spring Mattress
- Therapeutic Mattress
- Waterbed Mattress
- Others
2. By Mattress Size:
- Children Mattress
- Double Mattress
- King Size
- Queen Size
- Single Bed
- Supreme King Mattress
- Toddler Mattress
- Customized Mattress
3. By End User:
- Hospital
- Hotels
- Residential
4. By Distribution Channel:
- Online Distribution Channels
- Specialty Stores
- Supermarket/Hypermarket
- Other
5. By Region:
- Bien Hoa
- Buon Ma Thout
- Can Tho
- Da Nang
- Hai Phong
- Hanoi
- Ho Chi Minh
- Hue
- Nha Trang
- Others
Key Topics Covered in the Report
Size of Vietnam Mattress Market (FY’2019-FY’2032)
Overview of Vietnam Mattress Market
Segmentation of Vietnam Mattress Market By Mattress Type (Airbed Mattress, Coir Mattress, Latex Mattress, PU Foam Mattress, Spring Mattress, Therapeutic Mattress, Waterbed Mattress, Others)
Segmentation of Vietnam Mattress Market By Mattress Size (Children Mattress, Double Mattress, King Size, Queen Size, Single Bed, Supreme King Mattress, Toddler Mattress, Customized Mattress)
Segmentation of Vietnam Mattress Market By End User (Hospital, Hotels, Residential)
Segmentation of Vietnam Mattress Market By Distribution Channel (Online Distribution Channels, Specialty Stores, Supermarket/Hypermarket, Other)
Statistical Snap of Vietnam Mattress Market
Vietnam Mattress Market Growth Analysis
Problems and Challenges in Vietnam Mattress Market
Vietnam Mattress Market Competitive Landscape
Impact of COVID-19 and Demonetization on Vietnam Mattress Market
Details on Recent Investment in Vietnam Mattress Market
Competitive Analysis of Vietnam Mattress Market
Major Players in the Vietnam Mattress Market
SWOT Analysis of Vietnam Mattress Market
Vietnam Mattress Market Future Outlook and Projections (FY’2019-FY’2032)
Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Vietnam Mattress Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Vietnam Mattress Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Vietnam Mattress Market
7. Vietnam Mattress Market, By Mattress Type, 2019-2032 (USD Million)
7.1 Airbed Mattress
7.2 Coir Mattress
7.3 Latex Mattress
7.4 PU Foam Mattress
7.5 Spring Mattress
7.6 Therapeutic Mattress
7.7 Waterbed Mattress
7.8 Others
8. Vietnam Mattress Market, By Mattress Size, 2019-2032 (USD Million)
8.1 Children Mattress
8.2 Double Mattress
8.3 King Size
8.4 Queen Size
8.5 Single Bed
8.6 Supreme King Mattress
8.7 Toddler Mattress
8.8 Customized Mattress
9. Vietnam Mattress Market, By End User, 2019-2032 (USD Million)
9.1 Hospital
9.2 Hotels
9.3 Residential
10. Vietnam Mattress Market, By Distribution Channel, 2019-2032 (USD Million)
10.1 Online Distribution Channels
10.2 Specialty Stores
10.3 Supermarket/Hypermarket
10.4 Other
11. Vietnam Mattress Market, By Region, 2019-2032 (USD Million)
11.1 Vietnam Mattress Size and Market Share by Region (2019-2025)
11.2 Vietnam Mattress Size and Market Share by Region (2026-2032)
11.3 Bien Hoa
11.4 Buon Ma Thout
11.5 Can Tho
11.6 Da Nang
11.7 Hai Phong
11.8 Hanoi
11.9 Ho Chi Minh
11.10 Hue
11.11 Nha Trang
11.12 Others
12. Company Profiles
12.1 BVD Wonders
12.1.1 Company details
12.1.2 Financial outlook
12.1.3 Product summary
12.1.4 Recent developments
12.2 Dunlopillo
12.2.1 Company details
12.2.2 Financial outlook
12.2.3 Product summary
12.2.4 Recent developments
12.3 Everpia JSC
12.3.1 Company details
12.3.2 Financial outlook
12.3.3 Product summary
12.3.4 Recent developments
12.4 Far East Foam
12.4.1 Company details
12.4.2 Financial outlook
12.4.3 Product summary
12.4.4 Recent developments
12.5 Hava’s Mattress Vietnam
12.5.1 Company details
12.5.2 Financial outlook
12.5.3 Product summary
12.5.4 Recent developments
12.6 Kim Cuong Mattress
12.6.1 Company details
12.6.2 Financial outlook
12.6.3 Product summary
12.6.4 Recent developments
12.7 KYMDAN
12.7.1 Company details
12.7.2 Financial outlook
12.7.3 Product summary
12.7.4 Recent developments
12.8 Lien A Mattress
12.8.1 Company details
12.8.2 Financial outlook
12.8.3 Product summary
12.8.4 Recent developments
12.9 Lotus Mattress
12.9.1 Company details
12.9.2 Financial outlook
12.9.3 Product summary
12.9.4 Recent developments
12.10 Van Than Mousse & Foam Company
12.10.1 Company details
12.10.2 Financial outlook
12.10.3 Product summary
12.10.4 Recent developments
13. List of Abbreviations
14. Reference Links
15. Conclusion
16. Research Scope