DRIVERS OF GROWTH IN THE SLEEP PRODUCTS INDUSTRY
The production of mattresses and bedding in Russia is characterized by positive dynamics and sustainable development.
Industry is one of the key sectors of the economy. The main trends in the development of Russian production are aimed at import substitution, expanded implementation of engineering systems, planning methods and optimization of production and logistics processes.
As part of the import substitution policy, Russian brands have done everything to make high-quality orthopedic mattresses more accessible to a wider audience, including in the regions. In the Russian market of mattresses and bedding in 2023, the volume of domestically produced products exceeded the volume of imported supplies by 42.98 times*.
Enterprises producing mattresses and finished sleep products are increasingly in need of modern equipment, components and materials to ensure a full production cycle.
Russian production of finished sleep products increased 2.5 times from 2019 to 2023*.The demand for sleep products is growing, which is directly related to the active development of the hospitality industry, an increase in housing construction, renovation of social facilities and increased purchases for healthcare structures and educational institutions.
Russian manufacturers are motivated by government initiatives, such as reducing the tax burden and improving lending conditions for small and medium-sized businesses, creating a large-scale program for retraining specialists, and developing closer cooperation with friendly BRICS, SCO, and EAEU countries.
*Data provided by Analytical company Tebiz Group