Mattress Manufacturers NAICS 337910

May 9, 2025 - Faster Growth Forecast

• The US mattress manufacturers industry is projected to grow at a CAGR of 5.75% between 2025 and 2029, according to a forecast from Inforum and the Interindustry Economic Research Fund, Inc. This rate is faster than the overall economy's anticipated growth. Consumer sentiment is expected to improve in the forecast period, which bodes well for the sector. A factor that may curb consumer spending is substantially higher tariffs on consumer goods, which may be painful for households. On a positive note, lower inflation supports a moderate increase of real disposable income by about 2% in 2025 and 1.9% in 2026. Real income could suffer if average prices rise due to tariff implementation. The durable goods manufacturing sector forecast indicates that the labor force is expected to diminish, barring immigration reform that allows greater numbers. However, new technologies could support labor productivity for the industry.
• The Pending Home Sales Index (PHSI), which is a leading indicator of housing activity and future mattress demand, rose by 6.1% in March 2025 compared to the previous month, according to the National Association of Realtors (NAR). According to NAR Chief Economist Lawrence Yun, “While contract signings are not a guarantee of eventual closings, the solid rise in pending home sales implies a sizable build-up of potential home buyers, fueled by ongoing job growth." Month over month, there were increases in the Midwest, South, and West regions and a decline in the Northeast. Year over year, pending transactions fell by 0.6%.

• According to the International Sleep Products Association (ISPA), the Trump Administration’s widening tariff plans are expected to increase costs for manufacturers who rely on imported materials and components. The cost increase could potentially lead to higher prices for consumers. Mattress makers are assessing supply chain strategies to mitigate rising costs and disruptions, according to Furniture Today. Many adjustable bed bases are imported and could be affected by steel tariffs, as could the springs used in mattresses. Mattress manufacturer Sleep Number imports one-third of its materials from Mexican suppliers, leaving it exposed to the new tariffs. An analyst in a Minneapolis Star Tribune report said the company does not have a lot of leverage to pass along the cost of tariffs to customers due to ongoing inflation and an uncertain economy.
• Furniture and related products manufacturers, including mattresses, are one of the six manufacturing industries reporting contraction in April’s Manufacturing ISM Report on Business. Furniture manufacturers reported decreases in new orders, production, order backlogs, inventories, and employment, in addition to slower supplier deliveries and higher prices for raw materials. Other manufacturing industries reported contraction during the period including Wood Products; Paper Products; Food, Beverage & Tobacco Products; Transportation Equipment; and Fabricated Metal Products. Eleven industries reporting growth were Apparel, Leather & Allied Products; Petroleum & Coal Products; Plastics & Rubber Products; Electrical Equipment, Appliances & Components; Textile Mills; Computer & Electronic Products; Nonmetallic Mineral Products; Miscellaneous Manufacturing; Machinery; Chemical Products; and Primary Metals. Overall, economic activity in the manufacturing sector contracted for the second consecutive month in April, with the Manufacturing PMI registering 48.7%.