Vietnam Mattress Market (2021-2027): Market Forecast by Product Type, by Distribution Channel, by Application, by Regions, and Competitive Landscape

Report
83 Pages
April 2021
Region: Vietnam
6W Research
ID: 5342824

The Vietnam mattress market witnessed considerable growth in recent years on account of the growing demand for mattresses from the flourishing hospitality sector, underpinned by strong growth in tourism in the country and rising residential real estate sales. The demand for the mattress industry is on a growth trajectory mainly attributed to young consumers who are more concerned about the health status and willing to pay a price higher than the usual for advanced products which would bestow them with greater satisfaction. However, the spread of covid-19 resulted in reduced trips to specialty stores and malls due to the risk of catching the virus, which lessened the demand for mattresses from the residential sector during the year 2020 and thus, the market revenues witnessed a decline during this year. Also, the demand from the hospitality sector and the hotel industry was in a major slump owing to restrictions on travel and emphasis on social distancing. Moreover, mattresses were majorly demanded in the hospitals and health industry to cater for the affected patients during 2020. The lockdown period has provided a much-required opportunity to realize and focus on hygienic and comfortable sleeping schedules which can be enhanced by good quality mattresses.

According to this research, the Vietnam Mattress Market is projected to grow at a CAGR of 5.8% during 2021-27. The increasing number of health-conscious consumers and the rising disposable income are the major factors for the growth of the mattress market. The projected growth in the mattress market of Vietnam for the coming years can be attributed to the factors such as the rising prevalence of spinal and other health conditions, demand for improved lifestyle, increasing per capita income, rising urban population leading to higher residential demand and a flourishing hospitality sector. With the rising innovation by the manufacturers in the mattress industry, the adoption of newer and better-quality mattresses is anticipated to rise in the forthcoming period.

By distribution channel, specialty stores that are dealing specifically in mattresses garnered the majority of the market share as the consumers have the option of comparing the mattresses available at the store physically and choose the right fit for their bed as per their comfort. However, the growing popularity of online retail stores of mattresses among millennials is likely to drive significant growth in online retail store segments as well over the coming years.

Vietnam Mattress market report comprehensively covers the market by type, distribution channel, application and region. The report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/ high growth areas, market drivers, which would help stakeholders to devise and align their market strategies according to the current and future market dynamics.

Vietnam mattress market is projected to gain traction in the upcoming six years on the back of the rising growth of the urban population in the country. Further, the construction of residential houses, villas, and luxuries houses is estimated to generate high sales revenues in the country owing to an increase in the visits of the tourists and foreign delegation willing to buy houses thereby the adoption for a mattress would also increase and is estimated to proliferate the growth of the mattress market in the coming timeframe.

Key Highlights of the Report

Historical Data and Forecast of Vietnam Mattress Market Revenues for the Period 2017-2027.
Historical Market Data and Forecast of Revenues, by Product type, for the Period 2017-2027.
Historical Market Data and Forecast of Revenues, by Distribution channel, for the Period 2017-2027.
Historical Market Data and Forecasts of Revenues, by Application, for the Period 2017-2027.
Historical Market Data and Forecasts of Revenues, by Regions, for the Period 2017-2027.
Market Drivers and Restraints
Vietnam Mattress Market Trends
Industry Life Cycle
Porter’s Five Force Analysis
Market Opportunity Assessment
Vietnam Mattress Market Share, By Companies
Competitive Benchmarking
Company Profiles
Key Strategic Recommendations

Markets Covered:

The report provides a detailed analysis of the following market segments:

By Product Type

PU Foam
Latex Mattress
Spring Mattress
Others

By Distribution Channels

Supermarket/Hypermarket
Specialty Stores
Online Distribution Channels
Others

By Application

Residential
Commercial

By Regions

Northern Region
Southern Region
Central Region

1. Executive Summary

2. Introduction
2.1 Report Description
2.2 Key Highlights of the Report
2.3 Market Scope & Segmentation
2.4 Methodology Adopted & Key Data Points
2.5 Assumptions

3. Vietnam Mattress Market Overview
3.1 Vietnam Mattress Market Revenues, 2017-2027F
3.2 Vietnam Mattress Market-Industry Life Cycle
3.3 Vietnam Mattress Market Ecosystem
3.4 Vietnam Mattress Market-Porter’s Five Forces

4. Impact Analysis of COVID-19 on Vietnam Mattress Market

5. Vietnam Mattress Market Dynamics
5.1 Impact Analysis
5.2 Market Drivers
5.3 Market Restraints

6. Vietnam Mattress Market Trends

7. Vietnam Mattress Market Overview, By Product Type
7.1 Vietnam Mattress Market Revenue Share and Revenues, By Product Type, 2020 & 2027F
7.1.1 Vietnam PU Foam Mattress Market Revenues, 2017-2027F
7.1.2 Vietnam Latex Mattress Market Revenues, 2017-2027F
7.1.3 Vietnam Spring Mattress Market Revenues, 2017-2027F
7.1.4 Vietnam Other Mattress Market Revenues, 2017-2027F
7.2 Vietnam Mattress Market Market Volume Share and Volume, By Product Type, 2017-2027F
7.2.1 Vietnam PU Foam Mattress Market Volume, 2017-2027F
7.2.2 Vietnam Latex Market Volume, 2017-2027F
7.2.3 Vietnam Spring Mattress Market Volume, 2017-2027F
7.2.4 Vietnam Other Mattress Market Volume, 2017-2027F

8. Vietnam Mattress Market Overview, By Distribution Channel
8.1 Vietnam Mattress Market Revenue Share, By Distribution Channel, 2020 & 2027F
8.2 Vietnam Mattress Market Revenues, By Distribution Channel, 2017-2027F
8.2.1 Vietnam Mattress Market Revenues, By Supermarket/Hypermarket, 2017-2027F
8.2.2 Vietnam Mattress Market Revenues, By Speciality Stores, 2017-2027F
8.2.3Vietnam Mattress Market Revenues, By Online Distribution Channel, 2017-2027F
8.2.4 Vietnam Mattress Market Revenues, By Other Distribution Channel, 2017-2027F

9. Vietnam Mattress Market Overview, By Application
9.1 Vietnam Mattress Market Revenue Share, By Application, 2020 & 2027F
9.2 Vietnam Mattress Market Revenues, By Application, 2017-2027F
9.2.1 Vietnam Residential Mattress Market Revenues, 2017-2027F
9.2.2 Vietnam Commercial Mattress Market Revenues, 2017-2027F

10. Vietnam Mattress Market Overview, By Regions
10.1 Vietnam Mattress Market Revenue Share, By Regions, 2020 & 2027F
10.2 Vietnam Mattress Market Revenues, By Regions, 2017-2027F
10.2.1 Vietnam Mattress Market Revenues, By Northern Region, 2017-2027F
10.2.2 Vietnam Mattress Market Revenues, By Southern Region, 2017-2027F
10.2.3 Vietnam Mattress Market Revenues, By Central Region, 2017-2027F

11. Vietnam Mattress Market - Key Performance Indicators

12. Vietnam Mattress Market Opportunity Assessment
12.1 Vietnam Mattress Market Opportunity Assessment, By Product Type, 2027F
12.2 Vietnam Mattress Market Opportunity Assessment, By Distribution Channel, 2027F
12.3 Vietnam Mattress Market Opportunity Assessment, By Application, 2027F
12.4 Vietnam Mattress Market Opportunity Assessment, By Regions, 2027F

13. Vietnam Mattress Market Competitive Landscape
13.1 Vietnam Mattress Market Revenue Share, By Companies, 2020
13.2 Vietnam Mattress Market Competitive Benchmarking
13.2.1 Vietnam Mattress Market Competitive Benchmarking, By Technical Parameters
13.2.2 Vietnam Mattress Market Competitive Benchmarking, By Operating Parameters

14. Company Profiles
14.1 Kymdan Co.
14.2 Hava’s Mattress Co. Ltd
14.3 Lien A Mattress Co. Ltd
14.4 Far East Foam Vietnam
14.5 Dunlopillo World
14.6 Therapedic International
14.7 Kingsdown Inc
14.8 Van Thanh Mattress Company Ltd
14.9 Everpia JSC
14.10 Uu Viet Bedding and Mattresses PTY Ltd

15. Key Strategic Recommendations

16. Disclaimer

List of Figures
1. Vietnam Mattress Market Revenues, 2017-2027F ($Million, Thousand Units)
2. Foreign Property Ownership Regulations and Laws in Vietnam
3. Number of Households in Vietnam in 2009 and 2019 (Million)
4. Number of International Arrivals in Vietnam, 2010-2019 (Million)
5. Vietnam Tourism Revenue, 2010-2019 (US$ Million)
6. Number of Hospitals in Vietnam, 2013-2019
7. Vietnam Mattress Market Revenue Share, By Product Type, 2020 & 2027F
8. Vietnam Mattress Market Volume Share, By Product Type, 2020 & 2027F
9. Vietnam Mattress Market Revenue Share, By Distribution Channel, 2020 & 2027F
10. Vietnam Mattress Products Market Revenue Share, By Type, 2020 & 2027F
11. Vietnam Residential Mattress Market Revenues, 2017-2027F ($ Million)
12. Vietnam Commercial Mattress Market Revenues, 2017-2027F ($ Million)
13. Vietnam Mattress Market Revenue Share, By Regions, 2020 & 2027F
14. Vietnam Urban Population (2010-2019)
15. Vietnam per capita income, 2010-2019 (current US$)
16. Vietnam Mattress Market Opportunity Assessment, By Product Type, 2027F
17. Vietnam Mattress Market Opportunity Assessment, By Distribution Channel, 2027F
18. Vietnam Mattress Market Opportunity Assessment, By Application, 2027F
19. Vietnam Mattress Market Opportunity Assessment, By Regions, 2027F
20. Vietnam Mattress Market Revenue Share, By Companies, 2020

List of Tables
1. Vietnam Mattress Market Revenues, By Product Type, 2017-2027F ($ Million)
2. Vietnam Mattress Market Volume, By Product Type, 2017-2027F (Thousand Units)
3. Vietnam Mattress Market Revenues, By Distribution Channel, 2017-2027F ($ Million)
4. Vietnam Mattress Market Revenues, By Regions, 2017-2027F ($ Million)

Samples

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Companies Mentioned

Dunlopillo World
Everpia JSC
Far East Foam Vietnam
Hava’s Mattress Co. Ltd
Kingsdown Inc
Kymdan Co.
Lien A Mattress Co. Ltd
Therapedic International
UU Viet Bedding and Mattresses PTY Ltd
Van Thanh Mattress Company Ltd

Table Information

Report Attribute	Details
No. of Pages	83
Published	April 2021
Forecast Period	2021 - 2027
Estimated Market Value ( USD ) in 2021	$ 264.1 Million
Forecasted Market Value ( USD ) by 2027	$ 421.3 Million
Compound Annual Growth Rate	5.8%
Regions Covered	Vietnam
No. of Companies Mentioned	10

Key Highlights of the Report

Markets Covered:

By Product Type

By Distribution Channels

By Application

By Regions

Table of Contents

Samples

Companies Mentioned

Table Information

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