Canada Mattress and Accessories Market Size, End User and Region

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Canada Mattress and Accessories Market Size, End User and Region

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The booming disposable income of people and the growing number of immigrants will accelerate the adoption of mattresses and accessories in Canada. – PowerPoint PPT presentation

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Title: Canada Mattress and Accessories Market Size, End User and Region


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Canada Mattress and Accessories Market Size,
Trends, Segmentation, Key Players And Forecast
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  • As per the Organization for Economic Co-operation
    and Development (OECD) Better Life Index, the
    average per capita household net-adjusted
    disposable income in Canada is 30,854 a year.
    Further, Statistics Canada states that the
    adjusted household disposable income of the
    country increased from 1,623,255,000,000 in 2019
    to 1,765,305,000,000 in 2020. The rising
    disposable income is encouraging the people of
    Canada to replace their old mattresses with new
    mattresses and accessories to lead a comfortable
    life.
  • Additionally, the soaring number of immigrants is
    expected to propel the Canadian mattress and
    accessories market at 1.7 CAGR during the
    forecast period (20192024). The market was
    valued at 2,468.7 million in 2019, and it is
    projected to generate 2,689.8 million revenue
    by 2024. Statistics Canada has recorded the entry
    of over 341,000 permanent residents in the
    country in 2019. As per the organization, more
    than 404,000 temporary work permits and 402,000
    study permits were issued to the immigrants in
    Canada in 2019.
  • Currently, mattress and accessories manufacturers
    in Canada are engaging in product launches and
    mergers and acquisitions to offer improved
    products to their existing and prospective
    customers. For example, in April 2019, DirectBed
    introduced the Pure Zee Mattress Collection
    comprising of three types of mattresses Louise
    Suite, Logan Suite, and Hudson Suite. These
    mattresses are made of natural materials, such as
    latex, bio-foam, gel foam, and cool gel, and are
    priced between 376 (CAD 500) and 1053 (CAD
    1400).
  • According to PS Intelligence, the Central region
    accounted for the largest share in the Canadian
    mattress and accessories market during the
    historical period (20142019), and it will
    continue this trend throughout the forecast
    period as well, owing to the presence of a vast
    population in major provinces of the country,
    such as Quebec and Ontario. As per Statistics
    Canada, the population of Quebec and Ontario
    surged from 8,578,300 in the third quarter (Q3)
    of 2020 to 8,604,495 in Q3 of 2021 and 14,745,712
    in Q3 of 2020 to 14,826,276 in Q3 of
  • 2021, respectively.
  • Therefore, the booming disposable income of
    people and the growing number of immigrants will
    accelerate the adoption of mattresses and
    accessories in Canada.
  • This study covers
  • Historical and the present size of the Canada
    Mattress and Accessories Market
  • Major factors driving the market and their impact
    during the short, medium, and long terms
  • Market restraints and their impact during the
    short, medium, and long terms
  • Recent trends and evolving opportunities for the
    market participants
  • Historical and the present size of the market
    segments and understand their comparative future
    potential
  • Potential of on-demand logistics services, so the
    market players make informed decisions on the
    sales of their offerings

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  • Recent strategic developments by the major
    players in the market

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