Asia-Pacific Latex Mattress Market, By Type (Blended Mix, Natural, and Synthetic), Distribution Channel (Online, and Offline), Application (Residential, and Commercial) - Industry Trends and Forecast to 2029.
Asia-Pacific Latex Mattress Market Analysis and Size
The Asia-Pacific latex mattress market is expected to grow significantly in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 5.5% in the forecast period of 2022 to 2029 and is expected to reach USD 619,375.90 thousand by 2029. The major factor driving the growth of the latex mattress market is the growing trend of pressure-relieving mattresses in residential, the rising popularity of mattress products in the residential and commercial sector, and growing awareness regarding the properties of the mattress.
A latex mattress creates a firm and long-lasting sleeping surface by combining latex foam with either springs or reflex foam. Latex is a natural product because it comes from the sap of a rubber tree to looks like the perfect natural mattress. Latex mattress fills with natural filling to create one. Firmness and surface cushion are the properties offered by natural latex due to its buoyant quality. Due to the pressure of reliving properties, mattresses widely propel the market in the commercial and residential sectors.
The Asia-Pacific latex mattress market report provides details of market share, new developments, and the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, products approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an analyst brief. Our team will help you create a revenue-impact solution to achieve your desired goal.
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Thousand
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Segments Covered
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By Type (Blended Mix, Natural, and Synthetic), Distribution Channel (Online, and Offline), Application (Residential, and Commercial)
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Countries Covered
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Japan, China, South Korea, India, Singapore, Thailand, Indonesia, Malaysia, Philippines, Australia & New Zealand, and the Rest of Asia-Pacific
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Market Players Covered
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Spring Air International, Jinbaoma Furniture Manufacturer, Latexco, Avocado Mattress, LLC, Plush Beds, Brooklyn Bedding, Jiangsu Sleeptight Household Technology Co., Ltd., Foshan Aussie Hcl Furniture Co., Ltd., Foshan Golden Furniture Co., Ltd., Snoozer Bedding Limited, Saatva, Inc., and Kaneman Furniture Co., Ltd., among others.
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Market Definition
Latex mattresses combine latex foam with reflex or spring foam to support and create a durable sleep surface. The sap of a rubber tree produces it. Due to their environmental properties, latex mattress is used for various commercial applications. The latex mattress is mostly used by people with orthopedic issues or general aches.
Asia-Pacific Latex Mattress Market Dynamics
Drivers
- Growing trend of pressure relieving mattresses in residential
Latex contains some properties, such as elasticity, which can quickly respond to movements, weight, and shape. Because of the elastic property, the heaviest part of the body gets greater pressure relief. Compared to polyurethanes, a latex mattress works wonders by reducing the body's peak pressure. Because of their mechanical characteristics, latex mattresses can distribute stress more evenly and subtly over the body. Comfort seat design for latex cushioning is significant to meet the desired qualities. Latex insoles may absorb 35% more impact energy than polyurethane insoles, emphasizing latex's cushioning capabilities in low-impact energy scenarios. Furthermore, due to latex's great damping ability, the body's compression is centered at a specific point, so it is essential to ensure that stress concentration is distributed uniformly throughout the body.
- Expansion of e-commerce across the globe
The expansion of the e-commerce industry worldwide and rising smartphone and Internet usage in both developed and developing nations are key drivers driving the growth of the Asia-Pacific latex mattress market. Suppliers and merchants are using online platforms to broaden their customer bases and geographic reach. And due to the demand for premium products by the customers and the availability of mattresses on the online platform, it became easy for the consumer to buy the product. They have options to buy directly from the company website or buy from the supplier as a convenience. They can buy Asia-Pacific through the online portal with various deals and discounts. E-commerce propels the growth of the latex mattress market during the forecast period.
- Expanding healthcare and hospitality sector
Growth in the healthcare and hospitality sector will propel the market during the forecast period. Hospitality, such as the hostel sector, is demanding premium quality mattresses, which indicates the growth of the latex mattress sector. The hospitality and healthcare sectors are changing rapidly during the forecast period. The growth in the hospitality sector is probably due to the tourist also, as most often people visit the tourist places during their vacation, which shows a slight growth towards the construction of hotels. The Healthcare sector is majorly increasing across the globe after the COVID-19 pandemic.
Opportunities
- Positive outlook toward the eco-friendly mattress
Most people in ' 'today's era are attracted to eco-friendly products. People are more aware of non-toxic products. 100% natural latex is made of rubber, and every year, latex-producing rubber plants change almost 90 million tons of carbon dioxide into oxygen. As a result, latex is one of the natural mattress fillings available. People using eco-friendly mattresses propels market growth as customers become aware of eco-friendly products. Natural latex contains pure rubber, which provides amazing comfort and dust, antibacterial-free mattress. Organic mattresses don't get warm like other mattresses they stay cool even in hot summer, which makes them a great product among other mattresses.
- Favorable government initiatives toward rapid urbanization
Construction of commercial or residential sectors propelled the market growth as both sectors somehow utilized mattress products. Rapid development in urban and rural areas increases the demand for latex mattresses during the forecast period. The demand for the latex mattress can be a good opportunity in the market as investors invest in various segments, such as residential, commercial, and infrastructure sectors, increasing mattress usage in the upcoming decade.
Restraints/Challenges
- High price of latex mattress
The high price of natural rubber can inhibit the growth of the product in the market. Extracting the natural rubber by the dunlop and talalay method is a time-consuming and long process, due to which the natural latex mattress cost is high. Still, the consumer looks forward to the less effective product of affordable quality. The high price of the natural latex mattress can restrain the market.
- Availability of alternative products
People use memory foam products in a mattress as an alternative to latex mattresses because they are cost-effective and provide the same level of comfort as latex mattresses. Memory foam is made from a synthetic material called polyurethanes. The availability of alternative products is quite challenging for the player to sustain in the market, as people attract quality products at affordable prices. The consumer is now using memory-form mattresses as an alternative to latex mattresses.
- Volatility in raw material
During the projected period, raw material price volatility will be a significant obstacle for the latex mattress industry. Natural, synthetic, and hybrid sources are the most often used types of latex. The availability of raw materials differs from region to region as the supply chain and transportation all these factors play an important role in the fluctuating price of raw materials. The volatility in raw materials for latex is due to the dependability of the market need. Natural latex is much more expensive because its extraction is also time-consuming and is processed by Dunlop and talalay methods. Sometimes the tress by which it gets extracted does not provide the required need for the market, due to which price fluctuates.
Recent Development
- In September 2022, Saatva, Inc. Introduced the Memory Foam Hybrid Mattress. This development helps the company to increase its customer base
Asia-Pacific Latex Mattress Market Scope
The Asia-Pacific latex mattress market is categorized based on type, application, and distribution channel. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.
Type
- Blended Mix
- Natural
- Synthetic
On the basis of type, the Asia-Pacific latex mattress market is classified into two segments blended mix, natural, and synthetic.
Application
- Residential
- Commercial
On the basis of application, the Asia-Pacific latex mattress market is classified into two segments residential, and commercial.
Distribution Channel
- Online
- Offline
On the basis of end-use, the Asia-Pacific latex mattress market is classified into two segments online, and offline.
Asia-Pacific Latex Mattress Market Regional Analysis/Insights
The Asia-Pacific latex mattress market is segmented on the basis of type, application, and distribution channel.
The countries in the Asia-Pacific latex mattress market are Japan, China, South Korea, India, Singapore, Thailand, Indonesia, Malaysia, Philippines, Australia & New Zealand, and the Rest of Asia-Pacific. China is dominating the Asia-pacific latex mattress market in terms of market share and market revenue due to growing awareness of the excellent characteristics and properties of latex mattresses in the region.
The country section of the report also provides individual market-impacting factors and changes in market regulation that impact the current and future trends of the market. Data point downstream and upstream value chain analysis, technical trends, porter's five forces analysis, and case studies are some pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Asia-Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Asia-Pacific Latex Mattress Market Share Analysis
Asia-Pacific latex mattress market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies focus on the Asia-Pacific latex mattress market.
Some of the prominent participants operating in the Asia-Pacific latex mattress market are Spring Air International, Jinbaoma Furniture Manufacturer, Latexco, Avocado Mattress, LLC, Plush Beds, Brooklyn Bedding, Jiangsu Sleeptight Household Technology Co., Ltd., Foshan Aussie Hcl Furniture Co., Ltd., Foshan Golden Furniture Co., Ltd., Snoozer Bedding Limited, Saatva, Inc., and Kaneman Furniture Co., Ltd., among others.
Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by the DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grids, market timeline analysis, market overview and guide, company positioning grids, company market share analysis, standards of measurement, Asia-Pacific vs. regional, and vendor share analysis. Please request an analyst call in case of further inquiry.
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