$800.3m
$XX.Xm
2,600
71
$XXX.Xm
The Mattress Manufacturing industry's performance has been volatile over the past few years. The steady upward trend in Australia's population and rising demand for beds for hospital patients have supported industry revenue. However, increasing competition from low-cost imports and fluctuating household discretionary incomes have meant mixed results for industry manufacturers. In addition, the COVID-19 outbreak significantly weakened demand for mattresses from hotels and resorts. Industry revenue is expected to increase at an annualised 1.0% over the five years through 2023-24, to $800.3 million.
Industry revenue is expected to drop 3.6% in 2023-24, following similar declines in 2021-22 and 2022-23. A continued surge in demand from hotels and resorts, following two progressive years of decline due to COVID-19, is likely to fuel demand for mattress manufacturing in the current year, with flow-on effects likely to prompting a return to growth in the coming years. However, the projected further decline in dwelling commencements, along with a decrease in government funding for public hospitals and falling discretionary income, is expected to erode much of the demand, potentially leading to restricted revenue growth the coming years.
Recently, numerous manufacturers have attempted to capture greater value from the mattress supply chain by selling directly to the public, either through bricks-and-mortar retail outlets or online stores. Industry imports have surged over the past five years, aided by international manufacturers’ low overhead costs. While an overall depreciation in the value of the Australian dollar has made domestically produced goods more affordable on the international market, Industry exports have declined over the period due to the flow-on effects of COVID-19.
Industry revenue is forecast to increase at an annualised 1.8% over the few years through 2028-29, to $886.7 million. Further growth in government funding for public hospitals, a surge in demand from hotels and resorts, and an increase in discretionary income are projected to support demand for mattress manufacturing. Manufacturers will likely need to compete with imports on technology and quality, rather than on price. The expertise of local manufacturers in producing niche products will help to limit import penetration in some segments.
Industry revenue has grown at a CAGR of 1.0 % over the past five years, to reach an estimated $800.3m in 2023.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
Sleepyhead | 243.2 | |
Sealy of Australia | 192.9 | |
A H Beard | 172.3 |
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Industry revenue is measured across several distinct product and services lines, including Innerspring and pocket coil mattresses, Latex and memory foam mattresses and Hybrid mattresses. Innerspring and pocket coil mattresses is the largest segment of the Mattress Manufacturing in Australia.
Increased innovation has led to a decrease in innerspring and pocket coil mattresses
Industry players produce a range of mattresses, including box spring, upholstered, rubber and water mattresses. The mattresses are used largely for households, hospitals and hotel and motel accommodation.
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ANZSIC 2513 - Mattress Manufacturing in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Favourable economic conditions over the coming years are forecast to support industry revenue growth. Rising numbers of mattress sales to hotels and hospitals are forecast to...
Learn about an industry's products and services, markets and trends in international trade.
The popularity of traditional innerspring mattresses is decreasing as innovation escalates. Innerspring mattresses have dropped in popularity over recent years, primarily due...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
A major determinant of business location is access to major markets.Over 80% of enterprises are located on the eastern seaboard in proximity to population centres in Sydney, M...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Large businesses dominate as market share concentration remains high. The industry's four largest players are expected to account for over three-quarters of industry revenue ...
Learn about the performance of the top companies in the industry.
Australian Comfort Group Holdings Pty Ltd (ACG) remains the industry's largest manufacturer. Substantial economies of scale and steady pricing growth have supported ACG’s rev...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The Mattress Manufacturing industry exhibits low capital intensity. For every dollar spent on capital, an estimated $10.65 is spent on wages in the current year.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Despite a return to profitability growth in recent years, overall profitability has decreased over the past five years. The industry has adopted more efficient production tec...
Including values and annual change:
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Key data sources in Australia include:
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These sources include:
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The market size of the Mattress Manufacturing industry in Australia is $800.3m in 2024.
There are 71 businesses in the Mattress Manufacturing industry in Australia, which has declined at a CAGR of 2.1 % between 2018 and 2023.
The market size of the Mattress Manufacturing industry in Australia has been growing at a CAGR of 1.0 % between 2018 and 2023.
Over the next five years, the Mattress Manufacturing industry in Australia is expected to grow.
The biggest companies operating in the Mattress Manufacturing market in Australia are Sleepyhead, Sealy of Australia and A H Beard
Hybrid mattresses and Innerspring and pocket coil mattresses are part of the Mattress Manufacturing industry.
The company holding the most market share in Australia is Sleepyhead.
The level of competition is high and increasing in the Mattress Manufacturing industry in Australia.