Philippines Mattress Market Outlook to 2021- Growing and Expanding Healthcare and Hospitality Sector to Augment Market Growth
Region:Asia
Product Code:KR476
April 2017
102
About the Report
The report titled "Philippines Mattress Market Outlook to 2021- Growing and Expanding Healthcare and Hospitality Sector to Augment Market Growth" provides a comprehensive analysis of mattress market in Philippines. The report covers market size, segmentation on the basis of size, type, market structure, urban and rural, region, distribution channels and end users. The report also covers market in different aspects such as trade scenario - import and export of mattresses, competitive landscape and company profiles for major players in Philippines mattress market. The report provides detailed overview on future outlook & projections with analyst recommendations for the industry.
The report facilitate the reader with an in-depth analysis of the existing and future trends, issues and challenges prevalent in the industry and anticipated growth in the future depending upon changing industry dynamics in coming years. The report is useful for mattress manufacturers, mattress raw material manufacturers, retailers, franchisees, home furnishing companies and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.
Industry Overview
Philippines mattress market has displayed a CAGR of ~% during the period of 2011-2016, in terms of revenue. The growth displayed by the market was supported by factors such as increasing number of hotels and rising construction activities of both residential and non-residential units. A phenomenal growth in the number of tourist arrivals to the country has played an important role in the expansion of hospitality sector in the country, leading to a surge in the demand for quality mattresses. In 2016, the amount of revenue generated by the Philippines mattress market amounted to USD ~ million. The growth exhibited by the market should also be owed to rising demand for premium quality mattresses, increasing consumer expenditure on household items, increasing number of households and other related factors.
Market Segmentation
In terms of sales volume, the market is dominated by queen size mattresses that account for a share of ~% in 2016. It is followed by the single size and king size mattresses.
On the basis of type of mattress, the market is dominated by spring mattresses that held a share of ~% in the overall market revenue in 2016 followed by foam and other types of mattresses.
During 2016, the organized market structure has a share of ~% in the overall market structure followed by the unorganized market structure.
In terms of revenue generation, the urban population has contributed the most to the Philippines mattress market in 2016 and accounted for a share of ~%. In segmentation by region, Metro manila, held the highest share in the market revenue holding a share of ~% in the overall market.
Direct distribution channel is the most preferred form of distribution by the companies and it has contributed revenue of USD ~ million in 2016 followed by the retail and online distribution channels.
Non-residential customers represent the highest contributing segment in the market in terms of revenue. In 2016, they held a share of ~% in the overall market revenue.
Competitive Landscape
Philippines mattress market is concentrated with a limited number of organized market players which include mattress manufacturing companies such as Philippine Bed Manufacturing Corporation, Uratex Foam, Tempur Foam, Mandaue Foam and others. There is a significant competition in the market between the companies on the basis of price, type, functionality and channel of distribution of mattresses. All the aforementioned companies manufacture classic and premium foam and spring mattresses suitable for both residential and non-residential customers. Entry of foreign players such as Tempur, King Koil and other such players has augmented competition in the market.
Future Potential of Philippines Mattress Market
The Philippines mattress market has witnessed a considerable growth in past five years and the market is anticipated to grow at a CAGR of ~% during the forecast period, 2017-2021. The growth and expansion of healthcare and hospitality sector, increasing consumer spending and rising demand for premium quality mattresses are set to drive growth in the mattress market during the forecast period, 2017-2021. Rising number of households, increasing health concerns, growing urbanization and modernization and other related factors are set to augment the demand for premium quality mattresses during the forecast period.
Key Topics Covered in the Report:
- Philippines Mattress Market Overview and Genesis
- Value Chain Analysis in Philippines Mattress Market
- Philippines Mattress Market Size
- Philippines Mattress Market Segmentation
- Trade Scenario for Philippines Mattress Market
- Trends and Developments in Philippines Mattress Market
- Issues and Challenges in Philippines Mattress Market
- Porter’s Five Force Analysis of Philippines Mattress Market
- Competitive Landscape of Major Players in Philippines Mattress Market
- Product Portfolio of Major Players in the Philippines Mattress Market
- Philippines Mattress Market Future Outlook and Projections
- Macroeconomic Factors affecting Philippines Mattress Market
Products
King, Queen, Single Bed Mattress, Spring, Foam, Therapeutic Mattress, Coir Mattress, Airbed, Waterbed, Latex Mattress
Companies
Uratex, Philippines Bed and Furniture Manufacturing Corporation, Salem Foam, Mandaue Foam and Tempur
Table of Contents
1. Executive Summary
1.1 Market Potential
1.2 Market Segmentation
1.3 Competitive Landscape
1.4 Future Analysis And Projections
2. Research Methodology
2.1. Market Definitions
2.2. Abbreviations
2.3. Market Size And Modeling
2.4 Approach – Market Sizing
2.5 Variables (Dependent and Independent)
2.6 Multi Factor Based Sensitivity Model
2.7 Limitations
2.8 Final Conclusion
3. Philippines Mattress Market Overview and Genesis
3.1 Genesis of Mattress Market and Major Players
3.2 Transformation of Rural to Urban Augmenting Market Growth
4. Value Chain Analysis in Philippines Mattress Market
5. Philippines Mattress Market Size by Revenue and Sales Volume, 2011-2016
6. Philippines Mattress Market Segmentation
6.1. By Size of Mattress – King, Queen and Single Size, 2016
6.2. By Type of Mattress – Spring, Foam and Others, 2016
6.3. By Market Structure – Organized and Unorganized, 2016
6.4. By Urban and Rural Demand, 2016
6.5. By Region, 2016
6.6. By Distribution Channel - Retail, Direct and Online, 2016
6.7. By End User – Residential and Non-Residential, 2016
7. Trade Scenario for Philippines Mattress Market
7.1. By Export, 2011-2015
7.2. By Import, 2011-2015
8. Trends and Developments in Philippines Mattress Market
8.1 Rising Trend in Hospitality and Tourism Industry
8.2 Shift in Marketing Approach
8.3 Increasing Demand for Premium Quality Mattresses
8.4 Rising Preference for Customized Mattresses
8.5 Demand for Multiple Function Beds with therapeutic Attributes
8.6 Increase in the Number of Residential Construction
9. Issues and Challenges in Philippines Mattress Market
9.1 Lack of Proper logistics
9.2 Lack of Rules and Regulations
9.3 Reluctance of Public Towards Technological advancements in Mattresses
9.4 Low Replacement Demand
10. Porter’s Five Forces Analysis for Philippines Mattress Market
11. Competitive Landscape of Major Players in Philippines Mattress Market
11.1. Philippine Bed And Furniture Manufacturing Corporation
11.2. Uratex Foam
11.3. Tempur Mattress
11.4. Mandaue Foam
11.5. Dewfoam
11.6. Salem Oceanic Industries Corporation
12. Product Portfolio of Major Companies in Philippines Mattress Market
12.1. Philippine Bed and Furniture Manufacturing Corporation
12.2. Salem Oceanic Industries Corporation
12.3. Uratex Foam
12.4. Tempur Foam
12.5. Mandaue Foam
12.6. DewFoam
13. Philippines Mattress Market Future Outlook and Projections, 2017-2021
13.1. By Revenues, 2017-2021
13.2. By Size of Mattress – Queen, King and Single, 2021
13.3. By Type of Mattress – Spring, Foam and Others, 2021
13.4. Analyst Recommendations
14. Macro Economic Factors For Philippines Mattresses Market
14.1. Number of Hospital Beds in Philippines, 2011-2021
14.2. Consumer Expenditure In Philippines, 2011-2021
14.3. Number of Households, 2011-2021
15. Disclaimer
16. Contact Us
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