Vietnam Mattress Market (2021-2027) | Report, Size, Share, Growth, Revenue, Analysis, Forecast, industry, Value, Outlook & COVID-19 IMPACT

Market Forecast By Product Type (PU Foam, Latex Mattress, Spring Mattress, Others), By Distribution Channel (Supermarket/Hypermarket, Speciality Stores, Online Distribution Channels, Others), By Application (Residential, Commercial), By Regions (Northern Region, Southern Region, Central Region) and competitive landscape

Product Code: ETC054489 Publication Date: Sep 2022 Updated Date: Apr 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 83 No. of Figures: 20 No. of Tables: 4

Vietnam Mattress Market Competition 2023


Vietnam Export Potential Assessment For Mattress Market (Values in Thousand)


Latest Development (2022) in Vietnam Mattress Market

Vietnam Mattress Market is anticipated to gain momentum during the upcoming years owing to surging development projects. The strengthening of the construction industry coupled with increasing demand for comfortable mattresses is driving the Vietnam Mattress Market Growth. Rising demand for luxury and premium products is also proliferating the growth of the market. Moreover, the surging efforts by the government in order to expand healthcare facilities are adding to the development of the industry. The booming construction and home furnishing sector along with the growing hospitality sector and surging need for premium mattresses for sound sleep is proliferating the Vietnam Mattress Market Share.

Vietnam Mattress Market report is a part of the Asia Pacific Mattress Market 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, and market drivers, which would help stakeholders to devise and align their market strategies according to the current and future market dynamics.

Vietnam Mattress Market Synopsis

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 their health status and willing to pay a price higher than usual for advanced products which would bestow them with greater satisfaction.

According to 6Wresearch, Vietnam Mattress Market size is projected to grow at CAGR of 5.8% during 2021-2027.  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, and rising urban population leading to higher residential demand and a flourishing hospitality sector. With the rising innovation by manufacturers in the mattress industry, the adoption of newer and better-quality mattresses is anticipated to rise in the forthcoming period.

Vietnam Mattress Market (2021-2027) Overview

Market Analysis By Type

Based on type, Latex and PU foam accounted for a cumulative market share of approximately 65% of the total market revenues in 2020 as most consumers prefer to buy PU foam mattresses since the aforementioned mattresses are affordable and widely available, along with being lightweight despite a higher density. However, latex mattresses are the second most sought-after type of mattresses in Vietnam as they are made of more comfortable ad supportive material. Latex mattresses are also great for pain relief and prevention, which would further augment their demand in the coming years.

Market Analysis By Distribution Channel

By distribution channel, specialty stores that are dealing specifically in mattresses garnered the majority of the market share in 2020 as the consumers have the option of comparing the mattresses available at the store physically and choosing the right fit for their bed as per their comfort. However, the growing popularity of online retail store mattresses among millennials is likely to drive significant growth in online retail store segments as well over the coming years.

COVID-19 Impact on Vietnam Mattress Market

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 to 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.

Key Attractiveness of the Report

  • COVID-19 Impact on the Market.
  • 10 Years Market Numbers.
  • Historical Data Starting from 2017 to 2020.
  • Base Year: 2020
  • Forecast Data until 2027.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key players in the market

Some of the key players in the Mattress market globally are:

  • Serta Simmons Bedding, LLC
  • Tempur Sealy International, Inc.
  • Sleep Number Corporation
  • Paramount Bed Holdings Co.
  • Kingsdown, Inc.

Key Highlights of the Report

  • Vietnam Mattress Market Overview
  • Vietnam Mattress Market Outlook
  • Vietnam Mattress Market Forecast
  • 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 Region, 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

Market Scope and Segmentation

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

By Product Type

  • PU Foam
  • Latex Mattress
  • Spring Mattress
  • Others

By Distribution Channel

  • Supermarket/Hypermarket
  • Specialty Stores
  • Online Distribution Channels
  • Others

By Application

  • Residential
  • Commercial

By Regions

  • Northern Region
  • Southern Region
  •  
  • Central Region
Vietnam Mattress Market: FAQs
The report not only considered the COVID-19 impact but also current market dynamics, trends, and KPIs into consideration.
The Vietnam Mattress Market revenue is anticipated to record a CAGR of 5.8% during 2021-27.
The Specialty Store distribution channel has dominated the overall market revenues in the year 2020.
PU form segment is expected to record key growth throughout the forecast period 2021-27.
The key players in the market include- Kymdan Co., Hava’s Mattress Co. Ltd, Lien A Mattress Co. Ltd, Far East Foam Vietnam, Dunlopillo World, Therapedic International, Kingsdown Inc, Van Thanh Mattress Company Ltd, Everpia JSC, Uu Viet Bedding and Mattresses PTY Ltd
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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 Matress 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. Nmber 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)
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