Industry Analysis & Industry Trends
Lower income levels hampered demand during the recession as consumers were less likely to invest in high-end adjustable beds and mattresses. Nevertheless, the improved housing market, higher incomes and new technologies in industry products will support growth over the next five years. In particular, the aging population will aid demand, as these consumers typically demand adjustable beds and mattresses more than the younger demographic.... purchase to read more
Industry Report - Starting a New Business Chapter
The Adjustable Bed and Mattress Manufacturing industry has a significant level of concentration. Consequently, the dominance of existing players creates a barrier for new entrants to establish links with key suppliers and customers. Firms must invest heavily in marketing and promotional activity to build brand- and market-awareness.
Initial start-up and entry costs for firms in this industry can be high. New entrants need to consider the start-up costs for capital equipment, research and development, marketing and the purchase of raw materials. These high costs can discourage new operators from entering the industry.
Industry firms also need to consider establishing distribution networks with upstream and downstream suppliers... purchase to read more