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Companies in this industry manufacture mattresses and box springs. Major companies include US-based Leggett & Platt, Select Comfort, Serta Simmons, and Tempur Sealy International, as well as Hilding Anders International (Sweden), Recticel (Belgium), and Shandong Fengyang Group (China).
The global mattress market is forecast to reach $33 billion by 2020, according to P&S Market Research, reflecting a compound annual growth rate (CAGR) of 6.3% from 2015. The Asia/Pacific mattress market is expected to achieve a 10.7% CAGR during the period.
The US mattress manufacturing industry includes about 430 establishments (single-location firms and units of multi-location firms) with combined annual revenue of about $8.5 billion.
Demand for mattresses is driven by consumer confidence, disposable income, and population growth. The profitability of individual companies depends on efficient operations and effective marketing. Large companies enjoy economies of scale in manufacturing, marketing, and distribution. Small companies can compete by offering new technologies or better customer service, or by focusing on regional markets. The US industry is highly concentrated: the top 50 companies account for about 85% of industry revenue. The top five US mattress brands -- Sealy, Serta, Tempur-Pedic, Select Comfort, and Simmons -- accounted for nearly 75% of all bedding shipments in 2014, according to Furniture Today.
Because mattresses are expensive to ship, competition from imports is limited. Imports, mainly from China, Mexico, and Canada, account for about 5% of the US market. ...
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