China's mattress industry

- Apr 08, 2018-

China's mattress industry is an important part of the furniture industry. China's mattress industry started in the early 80s of the last century. The production lines of spring soft mattresses imported from abroad and ranging in size were scattered throughout the country, and the basics and market prototype of the mattress industry in China were initially constructed. By the end of the 1990s, the number of production lines imported from abroad by China had approached hundreds. The rise and development of the national bedding machinery has further contributed to the rapid development of the Chinese mattress industry; during this period, there are already 670 enterprises in the mattress industry in China. Since the 21st century, the mattress industry in China has developed rapidly. At present, China has become the world's most important mattress production base and the most potential consumer market. China's mattress market presents two characteristics:

(1) In the manufacturing field, the industry concentration is low and the gap between enterprises is significant.

(2) In the consumption field, the level of residents' mattress consumption levels is significant.

The market size of China's sleep industry has reached 120 billion yuan, and continues to maintain the trend of rapid growth. The sleep industry has developed into an emerging industry that covers all people and has become a new economic growth point in China's health consumption sector. China has become the world's second largest mattress market with an annual consumption growth rate of 15%. The gradual expansion of the domestic mattress market demand, the first reason is that China's population continues to increase, the increase in population will inevitably increase the mattress sales. With the gradual weakening of the concept of “hard bed board” in traditional Chinese public, the market for spring mattresses and latex mattresses will become wider and wider. Secondly, the rising demand for consumption and the improvement of living standards created by the improvement of the quality of life of the people have led to more and more sensible requirements for the sleeping environment, the quality and appearance of mattresses, and the replacement of mattress production technology to meet the demands of various groups of people. Needed to speed up the replacement of the mattress. The increase in demand for mattresses brought about by consumption upgrades will increasingly become the most important factor in the increase in demand.

In addition, real estate transactions can have an indirect impact on the sales of mattresses. The transaction volume and transaction area of commercial housing will stimulate the purchase of mattresses. People's rigid demand for housing will not change for a long time. The size of the mattress market will continue to grow as the real estate transaction booms.