Canada Mattress and Accessories Industry Size, Share, Scope and Comprehensive Analysis


Posted July 29, 2021 by Rahul_Gautam

Canada Mattress and Accessories Market Evolving Opportunities with Top Key Players, 2024
 
The surging disposable income of people in Canada is fueling the demand for various housing accessories such as mattresses in the country. Further, the Canadian government is implementing favorable housing policies, which is resulting in a huge spike in the homeownership rate in the country, which is, in turn, propelling the sales of home accessories all over the country. As per the 2017 report published by the Organization for Economic Co-operation and Development (OECD), the average growth rate of the household disposable income of people was 3.6% every year.

Immigrants account for a significant part of the total population of the country and contribute heavily to the GDP of the country, on account of the low availability of labor, due to the decreasing birth rate and growing geriatric population in the country. The presence of a surging immigrant population is boosting the demand for residential zones, which is subsequently pushing up the requirement of bedding accessories and mattresses in the country.

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Hence, with the soaring immigrant population and requirement of housing in the country, the sales of mattresses and bedding accessories will surge, which will, in turn, result in the growth of the revenue of the Canadian mattress and accessories market, from $ 2,468.7 million to $ 2,689.8 million from 2019 to 2024. Further, the market will advance at a CAGR of 1.7% from 2019 to 2024, according to the forecast of P&S Intelligence, a market research company based in India. Between the market for mattresses in Canada, the sales of mattresses will be higher in the country in the future years.

These products are usually available in specialty furniture shops, mass markets, and online shopping portals. Out of these, the sales of the bedding accessories and mattresses were found to be the highest through the specialty furniture shops during the past few years. This is credited to the existence of a large number of prominent specialty furniture retail outlets across the country such as IKEA, Brault & Martineau, Sleep Country Canada, and Leon's Home Furnishings.

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Thus, the sales of bedding accessories and mattresses are certain to shoot-up all over Canada in the upcoming years, primarily due to the growing immigrant population and the rising disposable income of the people in the country.
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Issued By Rahul Gautam
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Categories Business , Home Business , Industry
Tags bed accessories and mattresses , bed accessories and mattresses demand , bed accessories and mattresses market report
Last Updated July 29, 2021