This category covers establishments primarily engaged in manufacturing innerspring mattresses, box spring mattresses, and non-innerspring mattresses containing felt, foam rubber, urethane, hair, or any other filling material; and assembled wire springs (fabric, coil, or box) for use on beds, couches, and cots. This industry also includes establishments primarily engaged in manufacturing dual purpose sleep furniture, such as convertible sofas and chair beds, regardless of the material used in the frame. Establishments primarily engaged in manufacturing automobile seats and backs are classified under SIC 2531: Public Building and Related Furniture; those manufacturing individual wire springs are classified under SIC 3495: Wire Springs; and those manufacturing padding and upholstery filling are classified under SIC 2299: Textile Goods, Not Elsewhere Classified.
Upholstered Wood Household Furniture Manufacturing
Producing more than 35 million units each year, U.S. mattress manufacturers make up a four billion dollar enterprise, according to figures released by the U.S. Census Bureau. Mattress and durable bedding revenues amount to a 14 percent share of U.S. household furniture sales at the manufacturer level.
The U.S. mattress market is generally considered mature. Based on Census Bureau statistics for 1997 to 2001, annual sales growth at the industry level tends to fluctuate modestly. Conventional wisdom holds that nearly everyone has a bed and that beds are replaced infrequently—on the order of once every 8 to 11 years, according to various industry estimates. Indeed, the International Sleep Products Association, an industry trade group, reports that replacements account for 70 percent of new mattress sales. Fifty percent of old mattresses, moreover, are reused by others, often transferred between family members or resold in the used furniture market.
As a result, mattress makers' growth prospects lie mainly in their ability to generate interest in new product launches and otherwise compel people to replace their existing bedding. Another growth generator is the expansion of the lodging industry (see SIC 7011: Hotels and Motels) and other industries that require bedding products. As in many industries, mattress...