Industry Analysis & Industry Trends
Mattresses are essential items for many users and are replaced on average every 10 years. However, the Mattress Manufacturing industry has contracted over the last 10 years. The industry has been adversely affected by weakness in the UK real estate market and consumer confidence, which has seen consumers defer purchases of new furniture, including bedding and mattresses.
The total UK market for mattresses will be worth an estimated £543 million in 2011-12 (at producer and import prices), of which £82.5 million, or 15.2%, will be satisfied by imports. Mattress manufacturers in the UK are expected to generate revenue of £495 million in 2011-12, down 4.3% on the previous year.
Industry revenue is expected to decline at an average annual real rate of 6.8%.. purchase to read more
Industry Report - Industry Analysis Chapter
The UK Mattress Manufacturing industry has been challenged by weak demand, intense price competition and volatile and rising input prices. Industry revenue is expected to decline at an average annual real rate of 6.8% in the five years through 2011-12. This decline is not gradual or steady, though, and revenue volatility will be high. Like most producers of household goods, mattress sales have adversely affected by the housing market downturn and weak levels of consumer spending. In 2011-12, revenue is forecast to decrease 4.3% to reach £495 million.
Demand is weak
In recent years, consumers have been hesitant or unable to make large purchases due to slow growth in incomes and the weak economy... purchase to read more