Saudi Arabia Mattress Market is Expected to Register Revenues worth USD 500 million by the year ending 2023E: Ken Research

Analysts at Ken Research in their latest publication Saudi Arabia Mattress Market Outlook to 2023 – By Size (King Size, Queen Size, and Single), By Type (Spring, Foam and Latex, and Others), By Distribution Channel (Retail and Direct Sales), and By Organized and Unorganized believed that the Saudi Arabia mattress market is expected to register a positive CAGR of 10.6% in terms of revenue during the forecast period 2018-2023E.

Saudi Arabia Mattress market

Key Findings

Rising population in Saudi Arabia is leading to an increasing rate of home ownership which will lead to increase in sales of mattresses in Saudi Market.

Saudi Arabia’s tourism sector is witnessing growth both in international visitors and domestic tourism, resulting in rising sales for mattress

With rising pattern of health related issues especially those related to joint pains, back pains and cervical, the market for mattresses in Saudi Arabia has witnessed a rise in demand for orthopedic/therapeutic mattresses

Increase in home ownership in Saudi Arabia: Rising population in Saudi Arabia which is leading to increasing rate of home ownership is a major factor which is expected to create demand for mattresses for residential segment. The number of households in Saudi Arabia is projected to increase significantly in the year 2023. Migration from rural to urban areas is occurring at a very rapid pace in the Kingdom of Saudi Arabia, perhaps more than any other country in the Arabian Peninsula,  where the youth consumers among the population is laying severe pressure on housing supply.

Increase in Tourism: The Saudi Vision 2030 development initiative announced by Deputy Crown Prince Muhammad Bin Salman aims to increase the revenue generated from tourism to 18% in the upcoming years, according to reports. The vision aims to establish an Islamic museum, which will draw a large number of tourists, including foreign pilgrims who visit the kingdom for Haj and Umrah. This, in turn, will increase the number of accommodation facilities in the country which is one of the major drivers for demand of mattress in the country

Growing Sales of Orthopedic Mattresses: Orthopedic health concerns in the country are witnessed to increase, especially in women due to increasing cases of back pain, body aches and sores, thus driving continuous innovation in the type of mattresses by companies. Health concerns have led to an increase in the demand for multiple function beds with therapeutic attributes

In order to achieve its ambitious 2020 targets, SCTH is seeking investment from the private sector to supplement funds received from the Saudi government in the following tourism sub-sectors: accommodation (hotels and furnished apartments), restaurants and cafes, visitor facilities, decentralized tourism agencies, regional capabilities, quality assurance, and heritage villages. In addition, Saudi Arabia is seeking roughly US$ 50 billion in private investment to provide 400,000 housing units additionally. To attract private investment, the Ministry is focusing on partnering with interested companies to build villas and multi-storey apartment buildings, either on government or privately owned land. Increase in residential areas will drive the demand for mattress in the country.

Keywords

Saudi Arabia Mattress Overview

Saudi Arabia Mattress Industry

Mattress Sales Saudi Arabia

Major Companies in Saudi Arabia Mattress

Saudi Arabia Spring Mattress

Saudi Arabia Foam Mattress

Saudi Arabia Latex Mattress

Pocket spring Mattress Saudi Arabia

Inner spring Mattress Saudi Arabia

Saudi Arabia Single size mattress

Saudi Arabia queen size mattress

Saudi Arabia King size mattress

Mattresses in Central Saudi Arabia

Mattresses in Western Saudi Arabia

Mattresses in Eastern Saudi Arabia

Mattresses in Northern Saudi Arabia

Mattresses in Southern Saudi Arabia

Mattress for Hospital beds KSA

Mattress for Hotels KSA

Mattress Sales for Luxury Hotels

Saudi Arabia Mattress Warranty

Mattress for camping and tents

Orthopedic Mattress Saudi Arabia

Saudi Arabia Mattress for back support

Water Beds Saudi Arabia

SleepHigh Mattress Saudi Arabia

Raha Mattress Saudi Arabia

Sealy Mattress Saudi Arabia

KingKoil Mattress Saudi Arabia

Intercoil Mattress Saudi Arabia

Al Mazro Mattress Saudi Arabia

Serta Mattress Saudi Arabia

Al Rajhi group Mattress Saudi Arabia

Al-Mutlaq Mattress Saudi Arabia

Tempur Mattress Saudi Arabia

Royal Mattress Mattress Saudi Arabia

American bed Mattress Saudi Arabia

Sleepnice Mattress Saudi Arabia

Customized mattresses Saudi Arabia

Mattress Price in Saudi Arabia

Saudi Arabia Mattress Trends

Saudi Arabia Mattress Issues

Saudi Arabia Mattress Pain Points

Saudi Arabia Mattress Value Chain

Key Segments Covered

Size of Mattresses

King Size

Queen Size

Single

Type of Mattresses

Spring

Pocket Spring

Inner Spring

Foam and Latex

Others (Gel based, water based, air based mattresses, orthopedic mattress and coir mattress and rubber mattress)

Market Structure

Organized Sector

Unorganized Sector

By type of market

Mass

Economy

Premium

Region

Central

Western

Eastern

Northern

Southern

Distribution Channel

Retail Sales

Direct Sales

Hotels, Resorts and Residential Sector

Hospitals

Key Target Audience

Mattress Raw Material Producers

Mattress Manufacturers

Investors

Distributors / Retailers / Stockist

Mattress Specialist Retailers

Mattress Internet Retailers

Time Period Captured in the Report:

Historical Period: 2013-2018

Forecast Period: 2019-2023

Companies Covered in Saudi Arabia Mattress Market

SleepHigh

Raha

Sealy

KingKoil

Intercoil

Al Mazro

Serta

Al Rajhi group

Al-Mutlaq

Tempur

Royal Mattress

American bed

Sleepnice

Key Topics Covered in the Report

Saudi Arabia Mattress Market Value Chain Analysis

Saudi Arabia Mattress Market Size by Revenue (FY’2013-FY’2018)

Saudi Arabia Mattress Market Segmentation (FY’2018)

Saudi Arabia Mattress Market Segmentation by Size of Mattress (King size, Queen size, Double size and single size).

Saudi Arabia Mattress Market Segmentation by type of Mattress (spring, Latex and Foam and others).

Saudi Arabia Mattress Market Segmentation by type of spring (Pocket spring and Inner spring).

Saudi Arabia Mattress market Segmentation by Distribution channel (Retail and Direct).

Saudi Arabia Mattress market Segmentation by type of organized market (Mass, Economy and Premium).

Saudi Arabia Mattress market Segmentation by Market Structure (Organized and Unorganized).

Saudi Arabia Mattress market Segmentation by type of manufacturing ( Domestic and Imports)

Saudi Arabia Mattress market Trade Scenario

Saudi Arabia Mattress market Decision Making Process

Saudi Arabia Mattress market Trends and Developments

Issues and Challenges in Saudi Arabia Mattress Market

Future Outlook and Projections for Saudi Arabia Mattress Market

For more information, refer to below link:

Saudi Arabia Mattress market

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