Industry Statistics and Trends
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 1.7 % over the past five years, to reach an estimated $3.7bn in 2024.
Trends and Insights
Sales have surged then slumped
- Sales surged at the start of the period, with the pandemic fuelling demand for mattresses and bedroom furniture as family members returned home because of pandemic travel restrictions and consumers redirected holiday funds into upgrading home furniture. A hike in discretionary income, thanks to an upswing in government support payments, helped to boost sales, as did an initial climb in consumer sentiment.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
A recovery in residential building construction activity will drive demand
- Improving economic conditions will fuel investment in residential building construction. Stronger conditions will drive an upswing in population numbers, with net migration supporting a hike in household numbers and a recovery in residential building construction. An influx of consumers into Australia will stimulate demand for mattresses and bedroom furniture, prompting sales to climb.
Biggest companies in the Mattress and Bedroom Furniture Retailing in Australia
| Company | Market Share (%)
2025 | Revenue ($m)
2025 |
|---|---|---|
Forty Winks | 281.5 | |
Harvey Norman | 265.6 | |
IKEA | 184.3 |
To view the market share and analysis for all 6 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Bed frames , Mattresses and Bedroom furniture. Bed frames is the largest segment of the Mattress and Bedroom Furniture Retailing in Australia.
Trends and Insights
Competition from external retailers has caused mattress sales to slip
- Consumers are spoilt for choice when looking for a new mattress. While innerspring and pocket coil mattresses have traditionally formed the bulk of options available, changes in technology and consumer preferences have caused memory foam and latex mattresses to gain popularity.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
The industry includes specialist retailers that sell mattresses, bed frame, bedroom furniture and bed linen. These products are sourced from upstream manufacturers and wholesalers before being on-sold to downstream consumer markets.
What's included in this industry?
Bed framesMattressesBed linen and blanketsBedroom furnitureMirrors, lamps, nightlights, electric blankets and bedside rugsCompanies
Forty WinksHarvey NormanIKEAPurchase this report to view all 6 major companies in this industry.
Related Terms
TALLBOYBEDSIDE TABLEBED FRAMEIndustry Code
ANZSIC 4211 - Mattress and Bedroom Furniture Retailing in Australia
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Previous sales spikes have been eroded in recent years. Strong inflation and rising interest rates have pinched consumer wallets, underlining the volatile nature of retail sp...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Mattress sales are facing a slump because of fierce online competition, despite rising demand for innovative options. Meanwhile, retailers are seeing an upswing in bed frame ...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
New South Wales, Victoria and Queensland dominate the mattress and bedroom furniture store market. Their high population levels mean retailers have a better chance of making ...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each region in 2024
- Number and share of revenue each region accounts for in 2024
- Number and share of wages each region accounts for in 2024
- Number and share of employees in each region in 2024
Detailed analysis
- Geographic spread of the industry across Asia Pacific, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Competition across the mattress and bedroom furniture market is high. Retailers compete on price, financing arrangements, product range, marketing, size of operations and rep...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Mattress and bedroom furniture retailers are investing more in online platforms. This has helped them better compete against online-only retailers.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Forty Winks's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Harvey Norman's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of IKEA's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of revenue, market share and profit margin trend for 3 additional companies
Detailed analysis
- Description and key data for Forty Winks, and factors influencing its performance in the industry
- Description and key data for Harvey Norman, and factors influencing its performance in the industry
- Description and key data for IKEA, and factors influencing its performance in the industry
- Description, key data and performance trends for 3 additional companies
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Associations support all facets of the broader furniture market, from manufacturers to suppliers and retailers. Associations promote members’ needs through advocacy, educatio...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Purchasing in bulk has helped mattress and bedroom furniture retailers significantly reduce costs. Large retailers leverage their buying power to negotiate lower prices from ...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Mattress and Bedroom Furniture Retailing industry in Australia in 2024?
The market size of the Mattress and Bedroom Furniture Retailing industry in Australia is $3.7bn in 2024.
How many businesses are there in the Mattress and Bedroom Furniture Retailing in Australia industry in 2024?
There are 1,125 businesses in the Mattress and Bedroom Furniture Retailing industry in Australia, which has grown at a CAGR of 1.2 % between 2019 and 2024.
Has the Mattress and Bedroom Furniture Retailing industry in Australia grown or declined over the past 5 years?
The market size of the Mattress and Bedroom Furniture Retailing industry in Australia has been growing at a CAGR of 1.7 % between 2019 and 2024.
What is the forecast growth of the Mattress and Bedroom Furniture Retailing industry in Australia over the next 5 years?
Over the next five years, the Mattress and Bedroom Furniture Retailing industry in Australia is expected to grow.
What are the biggest companies in the Mattress and Bedroom Furniture Retailing market in Australia?
The biggest companies operating in the Mattress and Bedroom Furniture Retailing market in Australia are Forty Winks, Harvey Norman and IKEA
What does the Mattress and Bedroom Furniture Retailing in Australia include?
Bed frames and Mattresses are part of the Mattress and Bedroom Furniture Retailing industry.
Which companies have the highest market share in the Mattress and Bedroom Furniture Retailing in Australia?
The company holding the most market share in Australia is Forty Winks.
How competitive is the Mattress and Bedroom Furniture Retailing industry in Australia?
The level of competition is high and increasing in the Mattress and Bedroom Furniture Retailing industry in Australia.
Related Industries
Widen your competitive advantage with related industries
Competitors
Complementors
View all industries in Australia
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Australia include:
- Australian Bureau of Statistics
- Australian Taxation Office
- Australian Securities & Investments Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
