Nigeria Mattress Market is forecasted to grow further into ~% opportunity by 2028F: Ken Research

Focus on increase in per capita income on home care, affordability of mattresses, favorable government policies and expansion of healthcare and hospitality sectors in the market are major growth drivers contributing towards the development of Mattress Market in Nigeria. 

Impact of Pandemic on the mattress market: The COVID-19 pandemic has had a strong impact on the sleeping mattress market. However, with the presence of online shopping as well as doorstep delivery sleeping mattress market witnessed a pace in demand over the mid-months of 2020. In addition, barriers to movements of goods have forced the market to depend on domestic production and local manufacturing. Also, many consumers seek comfort in their homes. Owing to this, the demand for sleeping mattress surged, keeping the market afloat during the year-long pandemic period.

Innerspring and King-Size mattresses dominated the market: Spring mattress was observed as the most popular type of mattress and under the spring category, the pocket spring type was the most selling type in the country. The remaining market share was captured by foam and latex and other mattress segment in Nigeria during 2018-2023P. Moreover, King size and super king size mattress segment was observed to dominate the Nigerian mattress market during the year 2023P because of large physique and good height of the male population. The remaining market share was collectively captured by queen size, double size and single mattress segments.

Market Structure of Nigeria's mattress industry: Organized market in Nigeria represents the popular mattress manufacturers majorly operating in the urban areas of the country that distribute their products through a structured distribution channel. Organized market players are known for producing high quality mattress by using spring, foam, premium foam combinations and other quality materials. Organized sector dominated the mattress market owing to the significant presence of both local and the international players. Unorganized sector had limited penetration in the country's mattress market during 2023.

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Analysts at Ken Research in their latest publication "Nigeria Mattress Market Outlook to 2028F- By Type of Mattress (Alternating Pressure Mattress, Gel, Hybrid Mattress, Innerspring, Latex Mattresses, Memory Foam), By Size (Full, King, Queen, Twin), By Business Model (Lease, Outright Sale), By Distribution Channel (Retail and Direct) and By End User (Commercial, Hospitals, Residential)."Geographically, Nigeria generated a large revenue in the African mattress market in 2023, owing to the high demand for mattresses in the medical and hotel industries in the country. Consumers are prioritizing sleep as a crucial factor contributing to high-energy levels, happiness, and productivity. Further, growing awareness regarding mattress types and brands, and growth in e-commerce and online retail sectors are projected to expand the mattress industry in the country in the long run. The market is expected to grow at a CAGR of ~% during 2023-2028F owing to the above-mentioned factors.

Key Segments Covered in the report

Nigeria Mattress Market

By Type of Mattress
Alternating Pressure Mattress
Gel
Hybrid Mattress
Innerspring
Latex Mattresses
Memory Foam
By Size
Full
King
Queen
Twin
By Business Model
Lease
Outright Sale
By Distribution Channels
Retail
Direct

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By End User
Commercial
Hospitals
Residential

Key Target Audience

Mattress Raw Material Producers
Mattress Manufacturers, Importers and Trader
Investors
Distributors / Retailers / Stockists
Mattress Specialist Retailers
Hotels
Tourism Associations
Mattress Internet Retailers
E-Commerce companies
Investors
Industry Associations
Consulting Agencies
Government Bodies & Regulating Authorities

Time Period Captured in the Report:

Historical Period: 2018-2023P
Base Period: 2023P
Forecast Period: 2023P-2028F

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Companies Covered:

Leading companies

Euro products Nigeria ltd
Mouka Foam
Polly Foam
Teju Industries
Vitafoam Nigeria ltd
Vono Products Plc
ARCO Foam
Bode Foam Industries ltd
Dunpillo products Nigeria ltd
Harafoam & Chemicals ltd
Mercury Foam & Icon Furniture
Royal Foam Products
Unifoam ltd
Winco Foam

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Key Topics Covered in the Report

Executive Summary
Research Methodology
Nigeria Mattress Market Introduction and Value Chain Analysis
Nigeria Mattress Market Size, 2018-2023P
Nigeria Mattress Market Segmentation, 2023P
Trade Scenario in Nigeria Mattress Market (Import and Export), 2018-2023P
Decision Making Process before purchasing Mattresses in Nigeria
Trends and Developments in Nigeria Mattress Market
Issues and Challenges in Nigeria Mattress Market
Porter's Five Forces Analysis for Nigeria Mattress Market
Regulatory Framework in Nigeria Mattress Market
4 P's Analysis in Nigeria Mattress Market
Comparative Landscape in Nigeria Mattress Market
Nigeria Mattress Market Future Outlook and Projections, 2023P-2028F
Analyst Recommendations
Industry Speaks
Research Methodology

For more information on the research reports, refer to below link:

https://www.kenresearch.com/consumer-products-and-retail/home-and-office-furnishings/nigeria-mattress-market-outlook-to-2028/596274-95.html

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