US Demand for Sleep Products to Expand 2.6% Annually to 2022
CLEVELAND, /PRNewswire/ -- US demand for sleep products is forecast to expand 2.6% annually through 2022, according to Sleep Products: United States, a report recently released by Freedonia Focus Reports. Rising levels of disposable personal income will support replacement purchases, while expansion in housing construction activity will drive sales related to new household formation and housing turnover.
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US demand for innerspring mattress, the largest product segment, is forecast to expand to 2022. Value gains will be supported by a shift in the product mix toward higher-priced offerings. Rising incorporation of specialty materials such as memory foam and latex will drive gains as these high-end hybrid mattresses grow in popularity.
These and other key insights are featured in Sleep Products: United States. This report forecasts to 2022 US sleep product demand and shipments in nominal US dollars at the manufacturer level. Total demand and shipments are segmented by product in terms of:
To illustrate historical trends, total demand, total shipments, the various segments, and trade are provided in annual series from 2007 to 2017.
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SOURCE The Freedonia Group