ISPA Reports Modest 1st Quarter Mattress Sales Increase

May 15, 2007  by in UnCategorized   

By Home Furnishings Business in Bedding on May 2007 The International Sleep Products Association’s latest Bedding Barometer report indicates first-quarter 2007 increases for mattress and foundation shipments of 1.6 percent in dollar volume to an estimated $2.4 billion; and 0.2 percent in units to around 8.6 million mattresses/foundations, compared to the same period last year.

Average unit selling price increased 1.4 percent during the first three months of 2007.

For the report, ISPA surveys 19 leading U.S. mattress producers accounting for approximately 61 percent of the units shipped and 46 percent of the wholesale value of U.S.-produced mattresses and foundations; and uses those results as an indicator for the entire mattress industry.

Looking at only the survey sample, the 19 participating mattress producers shipped nearly 2.7 million mattresses and nearly 2.6 million foundations during the first quarter of 2007. Of the mattresses, 2.4 million were innerspring mattresses, versus nearly 292,000 non-innerspring products. The survey also shows that the mattresses and foundations covered by the sample were worth $840.4 million and $246.2 million, respectively. The dollar values reported for the innerspring and non-innerspring mattresses were $595.1 million and $245.3 million, respectively. Compared to the first quarter of 2006, unit shipments of innerspring mattresses dropped 1.4 percent, while non-innerspring unit shipments grew 7.3 percent.

ISPA also released its updated industry consensus forecast for the remainder of 2007 and 2008. Taking early 2007 data into account, the updated forecast predicts that unit shipments will continue to grow modestly through 2008, at approximately 1 percent in 2007 and 2.5 percent in 2008, with the dollar value of bedding sales predicted to grow 5.5 percent and 7 percent, respectively.