Rising Number of Households, Hotel Rooms and Hospital beds are the key drivers of Growth in the Philippines Mattress Market: 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 Rising number of households, hotels rooms and hospital beds coupled with growing demand for premium quality, therapeutic mattresses and increased spending power of Filipinos were the key factors driving growth in the mattress market in Philippines. Over the past few years, the Philippines had been gaining importance as a popular tourist spot in the Asia-Pacific region. The number of tourist arrivals to the country has seen a considerable growth in the past five years setting an opportunity for growth in the hospitality sector. Owing to this, many major players in the hotel industry have expanded geographically leading to an increase in the number of hotel rooms which surged the demand for premium quality mattresses in the country. In 2016, the largest hospital in Philippines that accommodates 1500 beds has opened in Philippines leading to new orders for mattresses. Moreover, rising population and nuclear families have led to an increase in the number of households in the country. The mattress companies are leveraging the rising spending power of the Filipino customers by offering different models of mattresses through aggressive marketing efforts. Growing health concerns in the country have induced demand for therapeutic mattresses among the Filipinos. Rise in the standard of living, increasing disposable income, growing modernization and urbanization have stimulated the demand for premium quality mattresses. Philippine consumers have become more open to pay for quality products. In recent times, the consumers have started demanding mattress for special features such as international level, comfortable, elegant, classy finish, luxury, better support and others. There has been a drastic fall in the sales of entry-level mattresses due to the change in customers’ preferences. With increase in the disposable income the standard of living of the consumers has also increased, which is encouraging them to opt for premium quality mattresses. This trend will drive growth in the production of luxury mattresses within the country. According to Analyst at Ken Research, in recent times, there has been an evident shift in the manufacture’s approach for promoting mattresses. The promotions started becoming functionality centered which means that, the manufacturers have started promoting mattresses pressing on the benefits attributed with the use of mattresses offered by them. The companies are putting a considerable effort to educate people about the relation between a good quality mattress and sound sleep resulting in a healthy lifestyle. According to the report “Philippines Mattress Market Outlook to 2021 – Expanding Healthcare, Hospitality sector and Rising Number of Households to Foster Growth” by Ken Research, a multi bagger CAGR of 11.0% is expected in terms of revenue in mattress market in the next 5 years till 2021. Topics Covered In the Report Uratex Foam Mattress Sales Philippines, Philippines Mandaue Foam Sales, Mattress Sales Online Philippines, Mattress Sales in Metro Manila, King Mattress Sold in Philippines, Queen Size Mattress Sales in Philippines, Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: Competition Mattress Philippines, Foam Mattress Market Size, Future Analysis Philippines Mattress, Growth in Mattress Industry, King Mattress Sold in Philippines, Latex Mattress Philippines Industry, Mattress Sales in Metro Manila, Mattress Sales Online Philippines, Philippines Mandaue Foam Sales, Philippines Mattress Industry Trends, Philippines Mattress Market, Philippines Mattress Sector Overview, Queen Size Mattress Sales in Philippines, Spring Mattress Revenue Philippines, Uratex Foam Mattress Sales Philippines