HIGH-END BEDDING SOARED IN 2016, REPORT SAYS

ALEXANDRIA, Va. – High-end sleep sets gained market share last year with a strong performance by that category, an industry report says.

The 2016 Mattress Industry Trends Report, issued by the International Sleep Products Assn., shows sleep sets retailing at $2,000 and up making dramatic dollar gains, with beds retailing at less than $1,000 losing dollar share.

The report shows a major dollar share gain for sleep sets retailing at $2,000 and up, with those sets growing from 23.9% of the market in 2015 to 27.1% of the market last year. That category saw its unit share grow from 6.5% in 2015 to 7.1% last year.

The annual report also indicates that sleep sets retailing from $500 to $1,000 lost dollar share last year, falling from a 30.1% share of the market in 2015 to a 27.7% share in 2016. The dollar share of sleep sets retailing at under $500 also declined last year, falling from 17.5% of the market in 2015 to 16.8% of the market last year, the ISPA report said.

The dollar value of sleep sets retailing from $1,000 to $2,000 was about the same, dropping slightly from a 28.5% share in 2015 to a 28.4% share last year, ISPA said. But units in that category grew from 16.5% of the market to 19.4% of the market.