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.The Vietnam Mattress Market is Projected to Grow at a CAGR of 5.8% During 2021-27
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
Table of Contents
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 | $ 264.1 Million |
| Forecasted Market Value ( USD | $ 421.3 Million |
| Compound Annual Growth Rate | 5.8% |
| Regions Covered | Vietnam |
| No. of Companies Mentioned | 10 |
