by Freedonia Focus Reports Team
January 17, 2024
Inflation to largely account for value growth
Cleveland, OH, January 17, 2024 — US sleep product demand is forecast to rise less than 1.0% per year in nominal terms through 2027, according to Sleep Products: United States, a report recently released by Freedonia Focus Reports. Advances in value terms will largely be driven by inflation, but demand will also be supported by projected increases in household formation, existing home sales, and disposable personal income levels. Marketing emphasis on the importance of a good night’s sleep and the potential benefits of a transition from traditional innerspring mattresses – which often cause pressure points and joint pain – will continue to support purchases of high-end memory foam and hybrid mattresses. In addition, demographic factors – such as the aging of the large and relatively affluent baby boomer generation – will stimulate demand for premium sleep products that promise to relieve problems such as chronic back pain. New product introductions – enabled by ongoing advances in sleep product designs and materials – will continue to support trade-up activity. Sales in the commercial market will be supported by expected growth in healthcare and lodging building construction.
These and other key insights are featured in Sleep Products: United States. This report forecasts annually to 2027 US sleep product demand and shipments in nominal US dollars at the manufacturer level. Total demand is segmented by product in terms of:
To illustrate historical trends, total demand, total shipments, the various segments, and trade are provided in annual series from 2012 to 2022.
Bed furnishings (e.g., bedspreads, sheets, and pillows) and furniture (e.g., bed frames, bed slats, and headboards) are excluded from the scope of this report. In addition, inflatable mattresses and sleeping bags are not included in this report. Re-exports of sleep products are excluded from demand and trade figures.
This report includes the results of a proprietary national online consumer survey of US adults (age 18+). This Freedonia Focus Reports National Online Consumer Survey has a sample size of approximately 1,500, screened for response quality, and representative of the US population on the demographic measures of age, gender, geographic region, race/ethnicity, household income, and the presence/absence of children in the household.
More information about the report is available at:
https://www.freedoniagroup.com/freedonia-focus/sleep-products-united-states-ff20011.htmAbout Freedonia Focus Reports
Each month, The Freedonia Group – a division of MarketResearch.com – publishes over 20 new or updated Freedonia Focus Reports, providing fresh, unbiased analysis on a wide variety of markets and industries. Published in 20-30 pages, Focus Report coverage ranges from raw materials to finished manufactured goods and related services such as freight and construction. Additional Consumer Goods reports can be purchased at Freedonia Focus Reports or MarketResearch.com.
Analysis is intended to guide the busy reader through pertinent topics in rapid succession, including:
segmentation by products and markets
identification of market drivers, constraints, and key indicators
segment-by-segment outlook in five-year forecasts
a survey of the supply base
suggested resources for further study
Provide the following details to subscribe.