China and USA are the biggest production areas, with about 54.02% and 27.13% market share separately in 2016. While USA and Europe are still the biggest consumption areas in 2016. There is a big price difference in developed and developing countries which cannot be ignored, in USA and Europe, average sales price of a Memory Foam Mattress is around 950 USD/Unit, while in China the average sales price is only 200 USD/Unit. Under current market status, the price of raw materials may keep rising in a few years, bring a forecast price rising trend in 2017-2022.
The market is relatively concentrated. Three types of players are exist in this market:OEM, ODM and OBM. Key brands in this market are Tempur Sealy, Mlily, Serta Simmons, Sinomax, Corsicana Bedding and some others. There are also many big OEM manufactures like Carpenter, Recticel, Foamex, ZINUS and etc.
The market is expected to witness a boost during the forecast period and there may be more new entrants and product models. The ability of memory foam mattress to provide comfortable sleep is a major factor, which is driving the demand for these mattresses. Residential users are the major end-users. With the recovery in the economy and the increase in disposable income, there is growing demand for memory foam mattress.
The worldwide market for Memory Foam is expected to grow at a CAGR of roughly xx% over the next five years, will reach xx million US$ in 2024, from xx million US$ in 2019.
Global Memory Foam Market report features the major aspect of the market in terms of historic data, current market situations, market demand along with detailed analysis of the key players involved in the market.Memory Foam Industry report also provides essential attributes associated with Memory Foam market and act an essential tool to companies active across the value chain and to the newcomer by enabling them to capitalize the opportunities and develop business strategies.
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Global Memory Foam Market focuses on the, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa.Memory Foam business report categorizes the market based on manufacturers, regions, type and application. From a global perspective, this report represents Memory Foam market in-depth outlook by analyzing historical statistics and future prospect.
TOP MOST PLAYERS:
Market Segment by Type, covers:
Below 10 cm
Above 30 cm
Market Segment by Applications, can be divided into:
The prospective of this Memory Foam industry study delivers the key industry dynamic with respect to driving & limiting factors with their current and expected impact on market growth. Moreover, Memory Foam present market share and future prospects of the segment in terms of has also been explored in this report.
Global Memory Foam market report showcases qualitative and quantitative estimation by industry analysts, first-hand data, and assistance from industry experts along with each industry manufacturers by the market valuation. Memory Foam report also gives extensive analysis of market share, latest industry trends and forecast data analysis with respect to sales revenue, market growth, and demand and supply scenario.
Conclusively, the Memory Foam Market report provides major statistics on the state of the industry also it is considered as an essential source of guidance and direction for businesses and individuals involved in the market.