Market Research Report Premium Mattress Sales in Philippines, | Page 8

April 2017
Philippines Mattress Market Outlook to 2021
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