Analysts at Ken Research in their latest publication “Saudi Arabia Mattress Market Outlook to 2023 – By Size (King Size, Queen Size, and Single), By Type (Spring, Foam and Latex, and Others), By Distribution Channel (Retail and Direct Sales), and By Organized and Unorganized” believed that the Saudi Arabia mattress market is expected to register a positive CAGR of 10.6% in terms of revenue during the forecast period 2018-2023E.
Key Findings
Rising population in Saudi Arabia is leading to an increasing rate of home ownership which will lead to increase in sales of mattresses in Saudi Market.
Saudi Arabia's tourism sector is witnessing growth both in international visitors and domestic tourism, resulting in rising sales for mattress
With rising pattern of health related issues especially those related to joint pains, back pains and cervical, the market for mattresses in Saudi Arabia has witnessed a rise in demand for orthopedic/therapeutic mattresses
Increase in home ownership in Saudi Arabia: Rising population in Saudi Arabia which is leading to increasing rate of home ownership is a major factor which is expected to create demand for mattresses for residential segment. The number of households in Saudi Arabia is projected to increase significantly in the year 2023. Migration from rural to urban areas is occurring at a very rapid pace in the Kingdom of Saudi Arabia, perhaps more than any other country in the Arabian Peninsula, where the youth consumers among the population is laying severe pressure on housing supply.
Increase in Tourism: The Saudi Vision 2030 development initiative announced by Deputy Crown Prince Muhammad Bin Salman aims to increase the revenue generated from tourism to 18% in the upcoming years, according to reports. The vision aims to establish an Islamic museum, which will draw a large number of tourists, including foreign pilgrims who visit the kingdom for Haj and Umrah. This, in turn, will increase the number of accommodation facilities in the country which is one of the major drivers for demand of mattress in the country
Growing Sales of Orthopedic Mattresses: Orthopedic health concerns in the country are witnessed to increase, especially in women due to increasing cases of back pain, body aches and sores, thus driving continuous innovation in the type of mattresses by companies. Health concerns have led to an increase in the demand for multiple function beds with therapeutic attributes
In order to achieve its ambitious 2020 targets, SCTH is seeking investment from the private sector to supplement funds received from the Saudi government in the following tourism sub-sectors: accommodation (hotels and furnished apartments), restaurants and cafes, visitor facilities, decentralized tourism agencies, regional capabilities, quality assurance, and heritage villages. In addition, Saudi Arabia is seeking roughly US$ 50 billion in private investment to provide 400,000 housing units additionally. To attract private investment, the Ministry is focusing on partnering with interested companies to build villas and multi-storey apartment buildings, either on government or privately owned land. Increase in residential areas will drive the demand for mattress in the country.
Keywords
Saudi Arabia Mattress Overview
Saudi Arabia Mattress Industry
Mattress Sales Saudi Arabia
Major Companies in Saudi Arabia Mattress
Saudi Arabia Spring Mattress
Saudi Arabia Foam Mattress
Saudi Arabia Latex Mattress
Pocket spring Mattress Saudi Arabia
Inner spring Mattress Saudi Arabia
Saudi Arabia Single size mattress
Saudi Arabia queen size mattress
Saudi Arabia King size mattress
Mattresses in Central Saudi Arabia
Mattresses in Western Saudi Arabia
Mattresses in Eastern Saudi Arabia
Mattresses in Northern Saudi Arabia
Mattresses in Southern Saudi Arabia
Mattress for Hospital beds KSA
Mattress for Hotels KSA
Mattress Sales for Luxury Hotels
Saudi Arabia Mattress Warranty
Mattress for camping and tents
Orthopedic Mattress Saudi Arabia
Saudi Arabia Mattress for back support
Water Beds Saudi Arabia
SleepHigh Mattress Saudi Arabia
Raha Mattress Saudi Arabia
Sealy Mattress Saudi Arabia
KingKoil Mattress Saudi Arabia
Intercoil Mattress Saudi Arabia
Al Mazro Mattress Saudi Arabia
Serta Mattress Saudi Arabia
Al Rajhi group Mattress Saudi Arabia
Al-Mutlaq Mattress Saudi Arabia
Tempur Mattress Saudi Arabia
Royal Mattress Mattress Saudi Arabia
American bed Mattress Saudi Arabia
Sleepnice Mattress Saudi Arabia
Customized mattresses Saudi Arabia
Mattress Price in Saudi Arabia
Saudi Arabia Mattress Trends
Saudi Arabia Mattress Issues
Saudi Arabia Mattress Pain Points
Saudi Arabia Mattress Value Chain
Key Segments Covered
Size of Mattresses
King Size
Queen Size
Single
Type of Mattresses
Spring
Pocket Spring
Inner Spring
Foam and Latex
Others (Gel based, water based, air based mattresses, orthopedic mattress and coir mattress and rubber mattress)
Market Structure
Organized Sector
Unorganized Sector
By type of market
Mass
Economy
Premium
Region
Central
Western
Eastern
Northern
Southern
Distribution Channel
Retail Sales
Direct Sales
Hotels, Resorts and Residential Sector
Hospitals
Key Target Audience
Mattress Raw Material Producers
Mattress Manufacturers
Investors
Distributors / Retailers / Stockist
Mattress Specialist Retailers
Mattress Internet Retailers
Time Period Captured in the Report:
Historical Period: 2013-2018
Forecast Period: 2019-2023
Companies Covered in Saudi Arabia Mattress Market
SleepHigh
Raha
Sealy
KingKoil
Intercoil
Al Mazro
Serta
Al Rajhi group
Al-Mutlaq
Tempur
Royal Mattress
American bed
Sleepnice
Key Topics Covered in the Report
Saudi Arabia Mattress Market Value Chain Analysis
Saudi Arabia Mattress Market Size by Revenue (FY’2013-FY’2018)
Saudi Arabia Mattress Market Segmentation (FY’2018)
Saudi Arabia Mattress Market Segmentation by Size of Mattress (King size, Queen size, Double size and single size).
Saudi Arabia Mattress Market Segmentation by type of Mattress (spring, Latex and Foam and others).
Saudi Arabia Mattress Market Segmentation by type of spring (Pocket spring and Inner spring).
Saudi Arabia Mattress market Segmentation by Distribution channel (Retail and Direct).
Saudi Arabia Mattress market Segmentation by type of organized market (Mass, Economy and Premium).
Saudi Arabia Mattress market Segmentation by Market Structure (Organized and Unorganized).
Saudi Arabia Mattress market Segmentation by type of manufacturing ( Domestic and Imports)
Saudi Arabia Mattress market Trade Scenario
Saudi Arabia Mattress market Decision Making Process
Saudi Arabia Mattress market Trends and Developments
Issues and Challenges in Saudi Arabia Mattress Market
Future Outlook and Projections for Saudi Arabia Mattress Market
For more information, refer to below link:
https://www.kenresearch.com/consumer-products-and-retail/home-and-office-furnishings/saudi-arabia-mattress-market/216436-95.html
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