China's mattress demand is expected to reach 80 billion yuan in the next three years [map]

The demand for mattresses is mainly reflected in two aspects: on the one hand, the renovation of houses in developed countries, the continuous increase in household consumption, and the expansion of demand for mattresses; on the other hand, the increase in the level of urbanization in developing countries with large populations With the changes in the level of consumption and the concept of residents, the demand for mattresses is also expanding.

The mattress penetration rate is increased by 1% per year, the refurbishment rate is increased by 3% per year, and the unit price is increased by 5%. In addition, the residential sales area will increase by 5% in the next three years, and the number of stocks will increase by 2%. The mattress will be two sets of one household.

According to estimates, the domestic sales of mattresses from 2018 to 2020 was 66.986 billion yuan, 72.902 billion yuan, 70.9 billion yuan, and the compound growth rate was 8.82%.

Residential sales area in 2010-2017 (100 million square meters)


Source of data: public information



China's per capita disposable income in 2010-2017 (ten thousand yuan)


Source of data: public information

The measurement of the market size of mattresses from 2018 to 2020

-
2016
2017
2018
2019E
2020E
National residential sales area (100 million square meters)
13.75
14.48
15.2
15.81
16.29
Average size of single suite (m2)
90
90
90
90
90
First-hand house sales sets (10,000 sets)
1527.78
1608.89
1689.33
1756.91
1809.61
The number of stocks (10,000 sets)
61970.7
63210.11
64474.32
65763.8
67079.08
mattress
Permeability
60%
61%
62%
63%
64%
Renovation rate
2%
2%
2%
2%
2%
Unit price (yuan / set)
1300
1365
1433.25
1504.91
1580.16
Market capacity (100 million yuan)
560.58
613.06
669.86
729.02
790
YOY
-
9.36%
9.27%
8.83%
8.36%

Source of data: public information

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