Vietnam Mattress Market (2021-2027)

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: Apr 2021 Product Type: Report
Publisher: 6Wresearch No. of Pages: 83 No. of Figures: 20 No. of Tables: 4

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 speciality 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 6Wresearch, the Vietnam Mattress Market size is projected to grow at a CAGR of 5.8% during 2021-27F. 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, speciality 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 millennial 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.

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 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 Channel
    • Supermarket/Hypermarket
    • Speciality 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 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)

Vietnam Mattress Market

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