Mattress Manufacturing in the US - Market Research Report (2014-2029)
New York, United States
Last Updated: August 2024
NAICS 33791Revenue
$8.5bn
Past 5-Year Growth
Profit
$XXX.Xm
Employees
24,202
Businesses
337
Wages
$X.Xbn
Mattress Manufacturing in the US industry analysis
Mattress manufacturers have faced significant volatility in recent years. During the early stages of the pandemic, manufacturers benefited from the health and growth of the residential construction sector. Low interest rates and rising disposable income enabled consumers to purchase homes, creating demand for mattresses and furniture. However, rising inflation, interest rate hikes and growing economic uncertainty resulted in drops in the value of residential construction, existing home sales and housing starts, lowering demand for new mattresses toward the end of the period. These trends have led to revenue falling at an estimated CAGR of 0.8% to $8.5 billion in 2024, including a 0.9% expansion that year alone.
Trends and Insights
- Product innovation drove growth as consumer preferences shifted to high-quality mattresses. Companies innovated and created new products to remain competitive and differentiate themselves.
- Innerspring mattress sales have climbed. Lower consumer sentiment over much of the current period has spurred growth in less expensive innerspring mattresses.
- Proximity to buyers is important to have access to key areas of demand. There is a high number of establishments in regions that have densely populated cities.
- The need for strong brand recognition makes it difficult for new mattress manufacturers to establish contracts with retailers. New entrants will follow direct-to-consumer models to bypass retailers.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has declined at a CAGR of 0.8 % over the past five years, to reach an estimated $8.5bn in 2024.
Trends and Insights
The health of the residential sector drives demand for new mattresses
- Consumers often avoid purchasing reused or second-hand mattresses for hygiene or comfort reasons. As a result, consumers are pushed to purchase new mattresses when moving to a new space for the first time or when needing to change their mattress.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Improving economic conditions will drive growth
- The economic recovery is expected to continue developing over the coming years. Improving economic conditions include growing consumer confidence, stabilizing inflation, raising disposable income and falling unemployment.
Biggest companies in the Mattress Manufacturing in the US
| Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Tempur Sealy International, Inc. | 3,266.2 | 472.7 | 14.5 | |
Serta Simmons Bedding, Llc | 1,763.6 | 335.1 | 19.0 | |
Sleep Number Corporation | 775.5 | 31.6 | 4.1 |
To view the market share and analysis for all 4 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Innerspring mattresses, Other mattresses and Foundations and bases. Innerspring mattresses is the largest segment of the Mattress Manufacturing in the US.
Trends and Insights
Demand for innerspring mattresses increases because of price and differentiation
- This type of mattress, which can come in all sizes and different firmness levels, uses the support of tempered steel coils in various configurations.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Household Furniture Manufacturing in the US
Complementors
- Plastic Products Miscellaneous Manufacturing in the US
- Rubber Product Manufacturing in the US
- Wire & Spring Manufacturing in the US
International industries
- Mattress Manufacturing in Canada
- Mattress Manufacturing in Australia
- Mattress Manufacturing in the UK
- Mattress Manufacturing in China
Table of Contents
About this industry
Industry definition
The Mattress Manufacturing industry produces mattresses and bases for retailers, wholesalers, hospitals, hotels and the export markets. The industry produces innerspring, box spring and mattresses without inner springs, which include waterbeds and beds made from foam, rubber and latex.
What's included in this industry?
Manufacturing innerspring mattressesManufacturing other mattressesManufacturing foundations and basesCompanies
Tempur Sealy International, Inc.Serta Simmons Bedding, LlcSleep Number CorporationPurchase this report to view all 4 major companies in this industry.
Related Terms
INNERSPRING MATTRESSMATTRESS TICKINGVISCOELASTIC FOAMLEAN MANUFACTURINGIndustry Code
NAICS 33791 - Mattress Manufacturing in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Product innovation drove growth as consumer preferences shifted to high-quality mattresses. Companies innovated and created new products to remain competitive and differentia...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Innerspring mattress sales have climbed. Lower consumer sentiment over much of the current period has spurred growth in less expensive innerspring mattresses.
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Proximity to buyers is important to have access to key areas of demand. There is a high number of establishments in regions that have densely populated cities.
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each state in 2024
- Number and share of revenue each state accounts for in 2024
- Number and share of wages each state accounts for in 2024
- Number and share of employees in each state in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
The need for strong brand recognition makes it difficult for new mattress manufacturers to establish contracts with retailers. New entrants will follow direct-to-consumer mod...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Stiff competition forces companies to focus on research and development to differentiate themselves. Sleep Number Corporation has more than doubled its research and developme...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Tempur Sealy International, Inc.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Serta Simmons Bedding, Llc's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Sleep Number Corporation's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of revenue, market share and profit margin trend for one additional company
Detailed analysis
- Description and key data for Tempur Sealy International, Inc., and factors influencing its performance in the industry
- Description and key data for Serta Simmons Bedding, Llc, and factors influencing its performance in the industry
- Description and key data for Sleep Number Corporation, and factors influencing its performance in the industry
- Description, key data and performance trends for one additional company
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Significant import penetration has pushed the Federal government to support domestic manufacturers. The government aims to support producers through tariffs, which vary based...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Volatile steel prices harm profit. Because purchases are manufacturers' most significant expense, hikes in steel prices cause profit to shrink as prominent price competition ...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Industry Multiples (2017-2022)
- Industry Tax Structure (2017-2022)
- Income Statement (2017-2022)
- Balance Sheet (2017-2022)
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Mattress Manufacturing in the US industry in United States in 2024?
The market size of the Mattress Manufacturing in the US industry in United States is $8.5bn in 2024.
How many businesses are there in the Mattress Manufacturing in the US industry in 2024?
There are 337 businesses in the Mattress Manufacturing in the US industry in United States, which has grown at a CAGR of 0.8 % between 2019 and 2024.
Has the Mattress Manufacturing in the US industry in United States grown or declined over the past 5 years?
The market size of the Mattress Manufacturing in the US industry in United States has been declining at a CAGR of 0.8 % between 2019 and 2024.
What is the forecast growth of the Mattress Manufacturing in the US industry in United States over the next 5 years?
Over the next five years, the Mattress Manufacturing in the US industry in United States is expected to grow.
What are the biggest companies in the Mattress Manufacturing in the US market in United States?
The biggest companies operating in the Mattress Manufacturing market in United States are Tempur Sealy International, Inc., Serta Simmons Bedding, Llc and Sleep Number Corporation
What does the Mattress Manufacturing in the US in United States include?
Manufacturing innerspring mattresses and Manufacturing other mattresses are part of the Mattress Manufacturing in the US industry.
Which companies have the highest market share in the Mattress Manufacturing in the US in United States?
The company holding the most market share in United States is Tempur Sealy International, Inc..
How competitive is the Mattress Manufacturing in the US industry in United States?
The level of competition is moderate and steady in the Mattress Manufacturing in the US industry in United States.
