Companies in this industry manufacture mattresses and box springs. Major companies include US-based Leggett & Platt, Select Comfort, Serta Simmons, and Tempur Sealy International, as well as Hilding Anders International (Sweden), Recticel (Belgium), and Shandong Fengyang Group (China).
Demand for mattresses is driven by consumer confidence, disposable income, and population growth. The profitability of individual companies depends on efficient operations and effective marketing. Large companies enjoy economies of scale in manufacturing, marketing, and distribution. Small companies can compete by offering new technologies or better customer service, or by focusing on regional markets. The US industry is highly concentrated: the top 50 companies account for about 85% of industry revenue. The top 15 US mattress brands accounted for about 92% of all bedding shipments in 2015, according to Furniture Today.
Products, Operations & Technology
Innerspring mattresses account for about 55% of industry revenue; box springs and other mattress foundations account for about 20%. Other products include memory foam, latex foam, air, waterbed, and crib mattresses.