$1.9bn
$XX.Xm
6,066
126
$XXX.Xm
Adjustable bed and mattress manufacturers are experiencing a decrease in the current period due to various factors. One primary reason is the economic downturn that has resulted from the global COVID-19 pandemic. The pandemic has caused widespread disruptions in supply chains, retail operations and consumer spending patterns. As people face financial uncertainties and prioritize essential expenses, demand for nonessential items like adjustable beds and mattresses has declined. This decrease in consumer demand has led to a drop in production and sales within the industry. Furthermore, the pandemic-related restrictions have affected the housing market, causing a slowdown in homebuying activities, which directly impacts demand for bedroom furniture, including adjustable beds and mattresses. Overall, industry revenue is expected to fall at a CAGR of 2.9% to $1.9 billion going into 2023, including a 0.6% decrease in 2023 alone.Despite the current decrease in the industry, there are signs of stabilization in terms of profit. Manufacturers in the industry have been working towards optimizing their production processes, reducing costs and improving operational efficiency. By implementing lean manufacturing practices, streamlining supply chain operations and investing in automation, companies have been able to achieve cost savings and enhance profitability. Profit is expected to be 3.2% in 2023.Despite the current challenges, the industry is expected to rebound in the outlook period. IBISWorld projects industry revenue to grow at a more normalized rate, rising at a CAGR of 2.0% to $2.2 billion going into 2028. As the global economy recovers from the effects of the pandemic, consumer spending is likely to rebound. Additionally, there's a growing awareness of the importance of sleep quality and overall well-being, which has led to an increased demand for adjustable beds and mattresses. Manufacturers are focusing on product innovation, incorporating advanced features like smart technology, enhanced comfort, and sustainable materials. Moreover, as international trade barriers ease and global markets stabilize, the industry can tap into new markets and increase exports, further contributing to its growth and expansion in the coming years.
Industry revenue has declined at a CAGR of 2.9 % over the past five years, to reach an estimated $1.9bn in 2023.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
---|---|---|---|---|
Tempur Sealy International, Inc. | 806.9 | 99.5 | 12.3 | |
Sleep Number Corporation | 582.4 | 9.8 | 1.7 | |
Leggett & Platt, Inc. | 209.6 | 23.6 | 11.3 |
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Industry revenue is measured across several distinct product and services lines, including Adjustable bases, Adjustable mattresses and Other. Adjustable bases is the largest segment of the Adjustable Bed & Mattress Manufacturing in the US.
Adjustable mattresses
This industry manufactures adjustable beds and mattresses for retailers, wholesalers, consumers and the export market. This industry specifically excludes hospital beds.
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NAICS 33791 - Adjustable Bed & Mattress Manufacturing in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
During periods of economic uncertainty, potential homebuyers may postpone purchasing or building new homes, resulting in a slowdown in the housing market. This decrease in ho...
Learn about an industry's products and services, markets and trends in international trade.
Companies in the industry are expanding their product offerings to cater to a wide range of consumer needs and preferences. This includes adjustable beds and mattresses with ...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The geographic distribution of the industry largely follows the distribution of the US population and the location of suppliers. This distribution permits operators to stream...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
The industry is highly competitive. Manufacturers compete on the basis of product quality, design, diversification, price and brand recognition.
Learn about the performance of the top companies in the industry.
With the increasing popularity of adjustable beds and mattresses, the competition among companies is intensifying. To thrive in this landscape, companies need to differentiat...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The industry is subject to several environmental laws and regulations. Similar to other sectors of the US manufacturing industry, companies must comply with many federal, sta...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
One key factor that affects cost structures is the choice of sales channels. Companies that primarily sell directly to consumers, either through their own e-commerce platform...
Including values and annual change:
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Key data sources in the US include:
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The market size of the Adjustable Bed & Mattress Manufacturing in the US industry in United States is $1.9bn in 2024.
There are 126 businesses in the Adjustable Bed & Mattress Manufacturing in the US industry in United States, which has grown at a CAGR of 10.1 % between 2018 and 2023.
The market size of the Adjustable Bed & Mattress Manufacturing in the US industry in United States has been declining at a CAGR of 2.9 % between 2018 and 2023.
Over the next five years, the Adjustable Bed & Mattress Manufacturing in the US industry in United States is expected to grow.
The biggest companies operating in the Adjustable Bed & Mattress Manufacturing market in United States are Tempur Sealy International, Inc., Sleep Number Corporation and Leggett & Platt, Inc.
Manufacturing adjustable beds and Manufacturing adjustable mattresses are part of the Adjustable Bed & Mattress Manufacturing in the US industry.
The company holding the most market share in United States is Tempur Sealy International, Inc..
The level of competition is high and steady in the Adjustable Bed & Mattress Manufacturing in the US industry in United States.