Canada Mattress & Accessories Market - Industry Size, Share Analysis & Growth Forecast to 2024 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Canada Mattress and Accessories Market Research Report: By Type, Distribution Channel, End Use, Geographical Outlook - Industry Size, Share Analysis and Growth Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

The Canadian mattress and accessories market is projected to generate a revenue of $2,689.8 million in 2024, advancing at a 1.7% CAGR during the forecast period (2019-2024). In terms of mattress type, the innerspring mattress division is predicted to account for the major share of the market during the forecast period. This is because major mattress manufacturers, including Serta Simmons Bedding LLC and Tempur Sealy International, are engaged in the development of hybrid innerspring mattresses, which will have features such as electric adjustable beds with moisture and temperature control.

When distribution channel is considered, the specialty furniture store category dominated the Canadian mattress and accessories market in 2019. The online distribution channel is expected to grow at the fastest pace during the forecast period, owing to the emerging new online platforms, discounts, ease of shopping, hassle-free delivery, and personalized content. On the basis of end user, the commercial sector accounted for the larger revenue share of the market in 2019, attributed to the expanding hotel sector in the country. During the forecast period, the residential sector is predicted to witness the faster growth.

The Canadian mattress and accessories market is witnessing considerable growth due to the increasing disposable income and several favorable government housing policies, which, in turn, have led to a surge in the homeownership rate. As per the Organisation for Economic Co-operation and Development, the average annual growth rate of household disposable income was 3.6%, in 2017, because of which the sales of premium mattress and bedding accessories that offer increased comfortability rose significantly in Canada.

The rising number of health-conscious consumers is opening up wide opportunities for the players operating in the Canadian mattress and accessories market. The increasing concern among consumers regarding their health is driving the requirement for customized daily-use products, including mattress. Furthermore, the consumers are willing to pay more for products which can help improve their health due to the growing disposable income. It has been observed that Canadians get less than seven hours of sleep daily, which is harming their health. Ascribed to these factors, the demand for comfortable mattresses is rising.

Key Topics Covered:

Chapter 1. Research Background

1.1 Research Objectives

1.2 Market Definition

1.3 Research Scope

1.4 Key Stakeholders

Chapter 2. Research Methodology

2.1 Secondary Research

2.2 Primary Research

2.3 Market Size Estimation

2.4 Data Triangulation

2.5 Assumptions for the Study

Chapter 3. Executive Summary

Chapter 4. Introduction

4.1 Definition of Market Segments

4.1.1 By Type

4.1.2 By Distribution Channel

4.1.3 By End Use

4.2 Value Chain Analysis

4.3 Market Dynamics

4.3.1 Trends

4.3.1.1 Growing preference for innerspring mattresses

4.3.1.2 Increasing inclination toward customized mattresses

4.3.1.3 Introduction of sustainable eco-friendly mattress products

4.3.2 Drivers

4.3.2.1 Rising disposable income and favorable government housing policies

4.3.2.2 Increasing immigration rate

4.3.2.3 Growing hotel sector

4.3.2.4 Impact analysis of drivers on market forecast

4.3.3 Restraints

4.3.3.1 Increasing cost of raw materials

4.3.3.2 Gradual decline of Canadian retail sector

4.3.3.3 Impact analysis of restraints on market forecast

4.3.4 Opportunities

4.3.4.1 Shifting inclination toward online shopping

4.3.4.2 Increasing number of health-conscious consumers

4.4 Porter's Five Forces Analysis

Chapter 5. Canada Market Size and Forecast

5.1 By Type

5.1.1 Mattress

5.1.2 Bedding Accessories

5.2 By Distribution Channel

5.3 By End Use

5.4 By Region

Chapter 6. Consumer Behavior Analysis

6.1 Demographic Trend

6.1.1 Consumer Preferences and Spending Analysis

6.1.2 Decision Process and Buying Patterns

6.1.3 Conclusion

Chapter 7. Competitive Landscape

7.1 Market Share Analysis of Key Players

7.2 Competitive Benchmarking of Key Players

7.3 Recent Activities of Major Players

7.4 Strategic Developments of Key Players

Chapter 8. Company Profiles

8.1 Spring Air International LLC

8.2 Tempur Sealy International Inc.

8.3 Serta Simmons Bedding LLC

8.4 Logan & Cove

8.5 Casper Sleep Inc.

8.6 GoodMorning.com Inc.

8.7 Endy Sleep

8.8 Bay Street Manufacturing Inc.

8.9 CleanBrands LLC

8.10 Bedgear LLC

8.11 Malouf

8.12 PureCare LLC

8.13 Phoenix A.M.D. International Inc.

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