Thailand Mattress Market Share-Size 2023, Growth, Competitive Analysis, Rise at a CAGR of 8.14%, Emerging Trends and Forecast 2022-2032: SPER Market Research
According to SPER Market Research, The demand for greater sleep quality, more disposable income, and a general trend towards healthier lives have all contributed to the steady growth of the mattress market in Thailand in recent years. The Thai market offers a wide selection of mattresses, such as memory foam, latex, innerspring, hybrid, and air beds. While innerspring mattresses are favoured by individuals who desire more support and bounce, foam and latex mattresses are popular due to their softness and longevity.
Thailand’s online mattress business is expanding, with a variety of e-commerce sites providing a selection of mattresses at reasonable costs. This has made it simpler for customers to compare various items and buy mattresses that suit their unique requirements and price range. Thailand’s major mattress manufacturers include Thailand Carpet Manufacturing Public Company Limited, Hilding Anders Thailand Co., Ltd., and Serta Thailand Co., Ltd. In addition to these large companies, there are many smaller manufacturers and distributors who are also operating in the market.
Thailand Mattress Market Overview:
- Forecast CAGR (2022-2032): 8.14%
- Forecast Market Size (2032): 81.07 billion
The availability of a wide selection of mattresses at various price ranges and rising consumer awareness of the value of getting enough sleep are projected to drive the growth of the Thailand mattress market overall in the years to come.
Like many other global businesses, the Thai mattress market has been impacted by the Covid-19 pandemic. Consumer behaviour and preferences have changed as a result of the pandemic, which has also caused supply chains and production procedures to be disrupted.
The pandemic’s main effects on Thailand’s mattress business include a move to internet shopping. Several customers have used e-commerce websites to buy mattresses and other household items as people have been urged to stay in and practice social seclusion. Online sales have increased as a result, whereas sales at conventional brick-and-mortar retailers have decreased. Supply chains and production procedures have been disrupted as a result of the pandemic. Due to travel restrictions and social segregation policies, many manufacturers have been forced to temporarily close their facilities or limit production. This has caused delivery timeframes to be delayed and a shortage of some mattress models.
Also, the pandemic’s effects on the economy have reduced consumer spending power, which has hurt sales of high-end goods like luxury beds. More cost-conscious and on the lookout for more economical solutions, consumers have become.
Despite various obstacles, the Thailand mattress market has responded to the pandemic with resiliency and adaptability. To safeguard both employees and customers, manufacturers have introduced new safety procedures, and many have moved their attention to online sales platforms. The market is anticipated to keep expanding as the nation recovers from the pandemic and consumer confidence grows, albeit at a slightly slower rate.
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Thailand 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; Darling Mattress Hugs Thailand, Dreammaster, Dunlopillo, Green latex, Patex Mattress, Sealy, Simmons, Sleephappy, Slumberland, Somphol Bedding, Springmate, Tempur
Thailand Mattress Market Segmentation:
By Size: Based on the Size, Thailand Mattress Market is segmented as; King Size, Queen Size, Single Size, and Twin Size.
By Type: Based on the Type, Thailand Mattress Market is segmented as; Air Based, Foam, Latex, Orthopedic Mattresses, Rubber Mattresses, Spring, Others.
By Distribution Channel: Based on the Distribution Channel, Thailand Mattress Market is segmented as; Direct sales, Hospitals, Hotels and Residential Sector, Retail Sales.
By Market Structure: Based on the Market Structure, Thailand Mattress Market is segmented as; Organized, Unorganized.
By Region: This report also provides the data for key regional segments of Bangkok, Central region excluding Bangkok, North, North East, East, South.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
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Thailand Mattress Market Future Outlook
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