Adjustable Bed & Mattress Manufacturing in the US - Industry Market Research Report

Adjustable Bed & Mattress Manufacturing in the US - Industry Market Research Report
Adjustable Bed & Mattress Manufacturing in the US

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.

This industry manufactures adjustable beds and mattresses for retailers, wholesalers, consumers and the export market. This industry specifically excludes hospital beds.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.