Growing Furniture and Furnishing Industry and Bedding Preferences will Shape the Future for Malaysia Mattress Market: Ken Research

Malaysia Mattress Market segmentation by size of mattress (king size, queen size, single size, and custom size), by type of mattress material (spring, foam, pocket spring, latex, fibre, and others), by end user (residential and institutional), by type of mattress manufacturers (domestic companies and international companies), by regional demand (urban and rural), by region (Selangor, Johor, Penang, and rest of Malaysia), and by distribution channel (retail, direct, and online). Company profile of, Goodnite International Sdn. Bhd., OCB Bhd., Dunlopillo Holdings Sdn. Bhd., FACB Industries Incorporated Bhd., Lee Swee Kiat Group Bhd., Hilding Anders Malaysia Sdn. Bhd., Weifong Industries Sdn. Bhd., Sealy Asia (M) Sdn. Bhd., Heng Huat Resources Group Bhd., SweetDream Industrial Corporation Sdn. Bhd., Far East Foam Industries Sdn. Bhd., Dorma Malaysia, Aerofoam Manufacturing (1969) Sdn. Bhd. and others.

• Mattress Industry in Malaysia is to grow over the next few years owing to expected to the increasing demand for memory foam mattress along with rising income level of population in Malaysia.
• In order to improve customer buying experience, manufacturers are opening showrooms that will enable customers physically experience the mattress before buying it online.
• Increasing number of constructions in Malaysia is expected to drive the future growth of mattress market in the country.

Rising Disposable Income and Growth in Hospitality Projects:
Malaysia mattress market is driven by the increasing disposable income in the country, discretionary spending on the luxury and lifestyle goods. Increasing nuclear families in the country will also result into higher demand of mattresses in Malaysia. Upcoming residential and non-residential projects such as hotels and other major projects such as Forest City, Melaka Gateway, Kuala Linggi International Port, Kuantan Port Expansion Robotic Future City, Johor, Waterfront Land Reclamation, Penang, Green Technology Park Pahang, and others is also expected to lead the future in Malaysia.
Focus towards Enriching Customer Experience: Most of the major mattress manufacturers are further expected to invest in enriching the customer experience by introducing experience showrooms, hybrid mattresses, and company owned online stores, which will help in providing an easy accessible platforms.

Sustained growth in metropolitan areas
Selangor accounted for about 40% of the total Malaysia Mattress market. It is the fastest growing metropolitan area of the country. Ranked as an alpha world city, and houses the economic, financial and cultural city of the country and is one of three Malaysian Federal Territories. Kuala Lumpur comprises the highest average income per households; the amount spent on necessities like mattresses is also high.

Analysts at Ken Research in their latest publication “Malaysia Mattress Market Outlook for 2022 - By Mattress (Spring, Foam, Pocket Spring, Latex, and Fibre Mattress); By Residential and Institutional Users; By Size (King, Queen, Single Bed, and Custom)” believe that expansion of retail outlets and increasing online presence will positively impact the market future growth. The market is expected to register a positive CAGR of 12.9% and 7.0% in terms of revenue and volume respectively during the forecast period 2018E-2022E.

For more information on the research report, refer to below link:
https://www.kenresearch.com/consumer-products-and-retail/home-and-office-furnishings/malaysia-mattress-market/165556-95.html

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