The Growth in the Hospitality and Healthcare Sector Coupled with Rising Demand for Customized Mattresses to Foster Growth in the Philippines: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Booming hospitality sector to stimulate the demand for high-quality mattresses across affluent households, luxury and semi-luxury hotels. Rising standard of living due to increasing disposable income, surging modernization and urbanization to stimulate the demand for premium quality mattresses. Growing sleep issues and orthopedic concerns in the country to increase the demand for multiple function beds with therapeutic attributes. Ken Research Latest Report On The Philippines mattress market is in a phase of growth owing to various socio-economic factors prevailing in the country. Escalating hospitality sector is expected to stimulate the demand for high-quality mattresses to facilitate the requirements of concerned consumers. Red Planet hotels are in plans of geographic expansion in all the major regions of Philippines especially in greater Manila. Similarly, many major hotels in the country such as Seda hotel, Jinjiang Inn hotel are in plans of expansion. Such expansions and increase in the number of hotel rooms will lead to rise in the sale of mattresses in the country. Healthcare sector in the country is expected to augment growth in the mattress market in the coming years with the launch of multiple new hospitals in the country. For instance, hospital groups like Ayala Land Inc. are in plans to open 10 hospitals that can accommodate 1,000 beds each, in the next five years. Increasing consumer spending, urbanization, rising awareness among the people regarding the relationship between sound sleep and good quality mattress are few other factors that will foster growth in the mattress market. Rising consumer discretionary spending on home furnishings such as mattresses has also led to growth of functional mattress. Moreover, rising construction activities in both residential and non-residential sector will raise the demand for mattress in the country. Queen size mattresses are expected to generate the maximum revenue in the next five years. Ken Research in its latest study, Philippines Mattress Market Outlook to 2021, analyzed that the companies can start manufacturing their own raw materials to gain a competitive advantage over the other players in the market. Moreover replacement demand for mattresses are very limited in the country due to increased ownership period, hence a constant introduction of new product or new model of the existing product in the market can develop a replacement demand in the market. The Philippines mattress market is estimated to register a positive CAGR of 11% during 2016-2021. The report provided information on the size, type, market structure, region, distribution channel and the end users dominating the market in terms of revenue generation. It also covers the major companies operating in the market such as Uratex, Philippines Bed and Furniture Manufacturing Corporation, Salem Foam, Mandaue Foam and Tempur. Topics covers in The Report Philippines Mattress Market Spring Mattress Revenue Philippines Foam Mattress Market Size Future Analysis Philippines Mattress Philippines Mattress Sector Overview Tempur Sales Mattress Philippines Growth in Mattress Industry King Mattress Sold in Philippines, Latex Mattress Philippines Industry Mattress Sales in Metro Manila Uratex Foam Mattress Sales Philippines Philippines Mandaue Foam Sales Business Overview Philippine Bed and Furniture Manufacturing Corporation Related Reports by Ken Research India Mattresses Market Outlook to 2020 – Driven by Surging Demand for Spring Mattresses with Advancing Lifestyles Asia Pacific Mattresses Market Outlook to 2018 – Developing Economy and Brand Awareness to Intensify the Demand India Mattress Ticking Fabric Market Outlook to 2020 – Growing Mattress Industry and Escalating Demand for Knitted Ticking to Drive Growth Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: Airbed Mattress Market Philippines, Business Overview Philippine Bed and Furniture Manufacturing Corporation, Distribution Channel Mattress Philippines, Foam Mattress Market Size, Future Analysis Philippines Mattress, Growth in Mattress Industry, King Mattress Sold in Philippines, Latex Mattress Philippines Industry, Mandaue Mattresses in Philippines Revenue, Mattress Sales in Metro Manila, Organized Mattress Manufacturers in Philippines, Philippines Mandaue Foam Sales, Philippines Mattress Market, Philippines Mattress Sector Overview, Premium Mattress Sales in Philippines, Queen Size Mattress Sales in Philippines, Single Size Mattresses Preference in Philippines, Spring Mattress Revenue Philippines, Tempur Sales Mattress Philippines, Uratex Foam Mattress Sales Philippines, Uratex Market Share Philippines, Waterbed Mattress Industry Growth