Mattress Manufacturing in Australia - Market Research Report (2013-2028)
Melbourne, Australia
Last Updated: October 2023
ANZSIC C2513Revenue
$800.3m
Past 5-Year Growth
Profit
$XX.Xm
Employees
2,600
Businesses
71
Wages
$XXX.Xm
Mattress Manufacturing in Australia industry analysis
The Mattress Manufacturing industry's performance has been volatile over the past few years. The steady upward trend in Australia's population and rising demand for beds for hospital patients have supported industry revenue. However, increasing competition from low-cost imports and fluctuating household discretionary incomes have meant mixed results for industry manufacturers. In addition, the COVID-19 outbreak significantly weakened demand for mattresses from hotels and resorts. Industry revenue is expected to increase at an annualised 1.0% over the five years through 2023-24, to $800.3 million.
Industry revenue is expected to drop 3.6% in 2023-24, following similar declines in 2021-22 and 2022-23. A continued surge in demand from hotels and resorts, following two progressive years of decline due to COVID-19, is likely to fuel demand for mattress manufacturing in the current year, with flow-on effects likely to prompting a return to growth in the coming years. However, the projected further decline in dwelling commencements, along with a decrease in government funding for public hospitals and falling discretionary income, is expected to erode much of the demand, potentially leading to restricted revenue growth the coming years.
Recently, numerous manufacturers have attempted to capture greater value from the mattress supply chain by selling directly to the public, either through bricks-and-mortar retail outlets or online stores. Industry imports have surged over the past five years, aided by international manufacturers’ low overhead costs. While an overall depreciation in the value of the Australian dollar has made domestically produced goods more affordable on the international market, Industry exports have declined over the period due to the flow-on effects of COVID-19.
Industry revenue is forecast to increase at an annualised 1.8% over the few years through 2028-29, to $886.7 million. Further growth in government funding for public hospitals, a surge in demand from hotels and resorts, and an increase in discretionary income are projected to support demand for mattress manufacturing. Manufacturers will likely need to compete with imports on technology and quality, rather than on price. The expertise of local manufacturers in producing niche products will help to limit import penetration in some segments.
Trends and Insights
- Favourable economic conditions over the coming years are forecast to support industry revenue growth. Rising numbers of mattress sales to hotels and hospitals are forecast to boost industry revenue in the coming years.
- The popularity of traditional innerspring mattresses is decreasing as innovation escalates. Innerspring mattresses have dropped in popularity over recent years, primarily due to competition from start-up businesses that manufacture memory foam mattresses, as well as hybrid mattresses.
- A major determinant of business location is access to major markets.Over 80% of enterprises are located on the eastern seaboard in proximity to population centres in Sydney, Melbourne and Brisbane.
- Large businesses dominate as market share concentration remains high. The industry's four largest players are expected to account for over three-quarters of industry revenue in 2023-24.
Industry Overview
Market size and recent performance (2013-2028)
Industry revenue has grown at a CAGR of 1.0 % over the past five years, to reach an estimated $800.3m in 2023.
Trends and Insights
An increased focus on innovation is supporting revenue growth
- Local manufacturers have increasingly incorporated new and innovative technology into products to attract premium prices which has supported overall revenue growth.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Favourable economic conditions are projected to support industry revenue growth over the next few years
- Favourable trends in mattress sales to the hotel and resort market are forecast to boost industry revenue over the next few years.
Biggest companies in the Mattress Manufacturing in Australia
| Company | Market Share (%)
2024 | Revenue ($m)
2024 |
|---|---|---|
Sleepyhead | 243.2 | |
Sealy of Australia | 192.9 | |
A H Beard | 172.3 |
To view the market share and analysis for all 3 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Innerspring and pocket coil mattresses, Latex and memory foam mattresses and Hybrid mattresses. Innerspring and pocket coil mattresses is the largest segment of the Mattress Manufacturing in Australia.
Trends and Insights
Increased innovation has led to a decrease in innerspring and pocket coil mattresses
- Innerspring and pocket coil mattresses use steel springs arranged in specific patterns within the mattress to provide a degree of support and firmness.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Cut and Sewn Textile Product Manufacturing in Australia
- Fabricated Metal Product Manufacturing in Australia
Complementors
- Natural Rubber Product Manufacturing in Australia
- Furniture and Floor Covering Wholesaling in Australia
- Furniture Retailing in Australia
International industries
- Mattress Manufacturing in the US
- Adjustable Bed & Mattress Manufacturing in the US
- Mattress Manufacturing in Canada
- Mattress Manufacturing in the UK
- Mattress Manufacturing in China
Table of Contents
About this industry
Industry definition
Industry players produce a range of mattresses, including box spring, upholstered, rubber and water mattresses. The mattresses are used largely for households, hospitals and hotel and motel accommodation.
What's included in this industry?
Hybrid mattressesInnerspring and pocket coil mattressesWater and other mattressesCompanies
SleepyheadSealy of AustraliaA H BeardPurchase this report to view all 3 major companies in this industry.
Related Terms
MEMORY FOAMBED BASEINNERSPRING MATTRESSBED-IN-A-BOXIndustry Code
ANZSIC 2513 - Mattress Manufacturing in Australia
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Favourable economic conditions over the coming years are forecast to support industry revenue growth. Rising numbers of mattress sales to hotels and hospitals are forecast to...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2013-2022) and forecast (2023-2028)
- Employees, including historical (2013-2022) and forecast (2023-2028)
- Businesses, including historical (2013-2022) and forecast (2023-2028)
- Profit, including historical (2013-2023)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
The popularity of traditional innerspring mattresses is decreasing as innovation escalates. Innerspring mattresses have dropped in popularity over recent years, primarily due...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2023
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2023
- Major market segmentation in 2023
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
A major determinant of business location is access to major markets.Over 80% of enterprises are located on the eastern seaboard in proximity to population centres in Sydney, M...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2023
Tables
- Number and share of establishments in each region in 2023
- Number and share of revenue each region accounts for in 2023
- Number and share of wages each region accounts for in 2023
- Number and share of employees in each region in 2023
Detailed analysis
- Geographic spread of the industry across Asia Pacific, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Large businesses dominate as market share concentration remains high. The industry's four largest players are expected to account for over three-quarters of industry revenue ...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2018-2023
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Australian Comfort Group Holdings Pty Ltd (ACG) remains the industry's largest manufacturer. Substantial economies of scale and steady pricing growth have supported ACG’s rev...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2019 through 2023
- Major companies in the industry, including market share, revenue, profit and profit margin in 2023
- Overview of Sleepyhead's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of Sealy of Australia's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of A H Beard's performance by revenue, market share and profit margin from 2017 through 2023
Detailed analysis
- Description and key data for Sleepyhead, and factors influencing its performance in the industry
- Description and key data for Sealy of Australia, and factors influencing its performance in the industry
- Description and key data for A H Beard, and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
The Mattress Manufacturing industry exhibits low capital intensity. For every dollar spent on capital, an estimated $10.65 is spent on wages in the current year.
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2013-2028)
- Assistance historical data and forecast (2013-2028)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Despite a return to profitability growth in recent years, overall profitability has decreased over the past five years. The industry has adopted more efficient production tec...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2013-2028)
- Revenue per Employee (2013-2028)
- Revenue per Enterprise (2013-2028)
- Employees per Establishment (2013-2028)
- Employees per Enterprise (2013-2028)
- Average Wage (2013-2028)
- Wages/Revenue (2013-2028)
- Establishments per Enterprise (2013-2028)
- IVA/Revenue (2013-2028)
- Imports/Demand (2013-2028)
- Exports/Revenue (2013-2028)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2013-2028)
- IVA (2013-2028)
- Establishments (2013-2028)
- Enterprises (2013-2028)
- Employment (2013-2028)
- Exports (2013-2028)
- Imports (2013-2028)
- Wages (2013-2028)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Australia include:
- Australian Bureau of Statistics
- Australian Taxation Office
- Australian Securities & Investments Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Mattress Manufacturing industry in Australia in 2024?
The market size of the Mattress Manufacturing industry in Australia is $800.3m in 2024.
How many businesses are there in the Mattress Manufacturing in Australia industry in 2023?
There are 71 businesses in the Mattress Manufacturing industry in Australia, which has declined at a CAGR of 2.1 % between 2018 and 2023.
Has the Mattress Manufacturing industry in Australia grown or declined over the past 5 years?
The market size of the Mattress Manufacturing industry in Australia has been growing at a CAGR of 1.0 % between 2018 and 2023.
What is the forecast growth of the Mattress Manufacturing industry in Australia over the next 5 years?
Over the next five years, the Mattress Manufacturing industry in Australia is expected to grow.
What are the biggest companies in the Mattress Manufacturing market in Australia?
The biggest companies operating in the Mattress Manufacturing market in Australia are Sleepyhead, Sealy of Australia and A H Beard
What does the Mattress Manufacturing in Australia include?
Hybrid mattresses and Innerspring and pocket coil mattresses are part of the Mattress Manufacturing industry.
Which companies have the highest market share in the Mattress Manufacturing in Australia?
The company holding the most market share in Australia is Sleepyhead.
How competitive is the Mattress Manufacturing industry in Australia?
The level of competition is high and increasing in the Mattress Manufacturing industry in Australia.
