Mattress Sales to Pile Up by 2011
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This is probably great news for those connected to the mattress industry. Research from SBI Reports, a marketing arm that taps and checks trending in many industries and consumer goods establishments, indicate that the market value of mattresses should increase into a 10-billion dollar industry by 2011 in the US alone.
From 2002 to 2006, the value of mattress shipments increased 11% annually as a result of fairly substantial increases after 2003. Imports grew at an 18% CAGR, slightly faster than exports (14%). For the projected period, 2007 through 2011, SBI forecasts strong growth of exports, from $246 million in 2007 to $438 million in 2011 (a 16% CAGR), as U.S. companies target new markets, particularly in Asia. Imports are expected to grow at a slightly lower CAGR, 12% over the next five years, while shipments, the largest segment of the mattress market, will post a 10% CAGR.
The report is available here.
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