Vietnam Mattress Market 2021-2027 – Growing Demand From Thriving Hotel Sector
DUBLIN, July 02, 2021– (COMMERCIAL THREAD)–The “Vietnamese Mattress Market (2021-2027): Market Forecast by Product Type, Distribution Channel, Application, Regions and Competitive Landscape” report was added to ResearchAndMarkets.com offer.
The mattress market in Vietnam is expected to grow at a CAGR of 5.8% during the period 2021-2027.
The Vietnamese mattress market has seen tremendous growth in recent years due to the growing demand for mattresses from the flourishing hospitality industry, supported by strong tourism growth in the country and rising residential real estate sales. Demand for the mattress industry is on a growth path primarily attributed to young consumers who are more concerned about health status and willing to pay a higher price than usual for cutting-edge products that would bring them better health. greater satisfaction.
However, the spread of covid-19 has resulted in reduced trips to specialty stores and shopping malls due to the risk of catching the virus, which reduced the demand for mattresses from the residential sector during the year 2020. and thus, market revenues have experienced a decline during this year.
In addition, demand from the hospitality industry and the hospitality industry has seen a major collapse due to travel restrictions and an emphasis on social distancing. Additionally, mattresses have been in demand primarily in hospitals and the healthcare sector to meet the needs of affected patients in 2020. The lockdown period has provided a much needed opportunity to achieve and focus on hygienic and comfortable sleep schedules. which can be improved by good quality mattresses.
The growing number of health-conscious consumers and increasing disposable income are the major factors driving the growth of the mattress market. The projected growth of Vietnam mattress market for the coming years can be attributed to such factors as increasing prevalence of spine health issues and other health issues, demand for improved lifestyle , increasing per capita income, increasing urban population resulting in increased residential demand and a thriving hotel sector. With increasing innovation from manufacturers in the mattress industry, the adoption of newer and better quality mattresses is expected to increase in the coming period.
Highlights of the report
- Historical data and revenue forecast of Vietnam mattress market for the period 2017-2027.
- Historical market data and revenue forecast, by product type, for the period 2017-2027.
- Historical market data and revenue forecast, by distribution channel, for the period 2017-2027.
- Historical market data and revenue forecast, by application, for the period 2017-2027.
- Historical market data and revenue forecast, by regions, for the period 2017-2027.
- Market drivers and constraints
- Vietnam mattress market trends
- Industry life cycle
- Porter’s Five Forces Analysis
- Market Opportunity Assessment
- Vietnam mattress market share, by company
- Competitive benchmarking
- Company Profiles
- Main strategic recommendations
The report provides detailed analysis of the following market segments:
By product type
- PU foam
- Latex mattress
- Spring mattress
By distribution channels
- Northern region
- South region
- Central region
For more information on this report, visit https://www.researchandmarkets.com/r/2hs0ov
See the source version on businesswire.com: https://www.businesswire.com/news/home/20210702005093/en/
Laura Wood, Senior Press Director
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