The canada mattress and accessories market is experiencing a growth, and this trend will continue in the years to come, as stated by a market research institution, P&S Intelligence. The main reasons for the growth of the industry are increasing disposable income, advantageous government housing policies, growing rate of immigration, and budding hotel industry. The increasing preference for innerspring mattresses is a major trend being observed in market. Amongst the numerous mattresses’ types, innerspring mattresses are more favored in the nation, chiefly because of their toughness. These kinds of mattresses uphold their level of support longer as opposed to other mattresses.
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Moreover, consumers likewise prefer innerspring mattresses as they uphold an even, contented surface for long. The increasing immigrants count in Canada is one of the key factors powering the industry. Immigration makes a significant contribution to Canada’s economy and society, with short-term along with long-term outcomes.
Currently, Canada faces a labor force shortage because of its elderly population and decreasing birth rate, and immigrants have supported address the issue by working for the economic growth of the country.
This is why the government is welcoming immigrants. The growing immigration rate brings to an increase in the count of housing facilities, further fueling the requirement for mattresses and bedding accessories.
On the basis of type, the mattress market had a larger share, while bedding accessories category will grow the fastest in the years to come.
On the basis of distribution channel, the specialty furniture stores are the prime place for consumers for buying mattresses and associated accessories.
Based on end use, the commercial category was the larger revenue generating category in the past. The hotel industry in Canada is observing fruitful growth, chiefly in the luxury and upscale hotel segments. In the hotel sector, mattresses have a lifespan of 3–4 years, while fixtures have a lifecycle of 2–3 years. This has been a key factor for the development of the commercial mattress in Canada.
Central Canada mattress and accessories market is the largest region and will hold the largest revenue share in the years to come. This can be chiefly credited to the high populace in main provinces, for example Quebec and Ontario. About 65% of the nation’s population exist in in this region.
The country is extremely fragmented, with no corporation attaining a strong share in the past. This can be credited to the occurrence of a large count of corporations with similar products.
It is because of the increasing immigration rate, growing hotel industry in Canada, the growing demand for mattress and accessories will increase in the country. SOURCE: P&S Intelligence
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