Specialty Sleep products including all kinds of newer comfort,
support and performance technologies, as well as “green” or “eco”
bedding products were everywhere in Las Vegas at the World Market
Center. If you are a mattress/bedding retailer, manufacturer or
supplier, I do not really have to convince you . . . you already
know that the hour of specialty sleep has arrived! No matter whether
you are a dedicated ‘specialty sleep retailer’, a bedding/mattress
store, a furniture store or a department store, even possibly a big
box or merchandising store, there are in all likelihood a number of
temperature responsive, visco-elastic or latex mattresses on your
floor or in your stock. If you are a specialty manufacturer or a
formerly traditional innerspring manufacturer, whether a top-ten
brand company, or a small regional or new marketing guerilla company
there is a very good chance that you are now manufacturing one or
more products that fall under the specialty sleep umbrella. As the
publisher and editor-in-chief of the bedding/mattress sleep retailer
magazine that has been the leader and the prime advocate for new,
innovative sleep technologies, I personally take great comfort in
seeing the vigorous emergence of the broad umbrella category called
‘specialty sleep’.
Before I proceed any further, for the sake of clarity, let us define
what we mean by the broad category of ‘specialty sleep’. There is
the purist definition and then there is what I refer to as the
component or added technology definition. The purist definition
includes any non-innerspring product or material or new technology
(green foams, magnets, Outlast®, fibers and tickings) that is used
as the base, core and/or sleep surface of the sleep product. These
would include airbeds; waterbeds; latex or foam rubber beds;
visco-elastic or temperature responsive foam beds, latex/visco
combinations, gel and gel/visco beds, as well as the whole school of
“green”, “eco” “natural” or sustainable foams and materials Some
folks also add futons, sleeper sofas, and adjustable beds to the
specialty category.
An expanded definition of specialty sleep products also includes
conventional innerspring mattresses that have added comfort layers
of visco-elastic, latex, gel, as well as such green products as all
natural wool, cotton or other “green” technologies.
About a month ago, a very high-end ultra-premium manufacturer from
Europe put out a press release forecasting the end of innerspring
mattresses as we know them in the years ahead. We do not really
agree with that assessment. However, we do believe that a huge
change in the entire paradigm of sleep technology is underway. From
day one our advocacy has been based on the idea that specialty sleep
technologies and products really do offer the support, the
conformance or cradling, the pressure-relief, and the comfort that
provides not only a superior night of sleep but real restorative and
health benefits to consumers. We have been true-believers that there
indeed is not one, but a series of steadily improving better sleep
solutions offered under the umbrella of specialty sleep products . .
. and that with improved scientific methods and better sleep
research, there will be even more innovations in the years ahead.
Recent statistics reported both by the International Sleep Products
Association (ISPA) and Furniture Today state that specialty sleep
products now represent 22% of overall retail sales. Those presenting
these numbers have also stated that by the end of 2010 specialty
sleep products are likely to represent 40% of all dollar sales. (not
units, but dollars). If we take a relatively conservative position
and say that mattress/bedding retail sales levels will not reach $15
billion, but only $13.5 billion by 2010, and that specialty sleep
products will represent 40% of those dollar sales due to a shift in
the nature of products sold, then specialty will grow from today’s
$2.4 billion retail to $5.4 billion in dollar sales by the end of
2010. If due to market shifts and projected growth, the category
grows 30% a year, by the end of 2010 sales could indeed be $5.315
billion. This of course means that the $8.185 billion balance of
retail sales would be in traditional cost-value or
premium/ultra-premium innerspring mattresses and foundations. This
surely does not mean innersprings will go away, but it does mean a
huge shift in the market to specialty sleep dollars as part of the
whole market mix.
Fourteen years ago, when we first informally partnered up with the
newly formed Specialty Sleep Association (SSA) in late 1994 with a
new magazine called Waterbedroom, later to evolve to today’s Bedding
& Specialty BEDROOM Magazine, the specialty sleep industry was
outside the mainstream of the mattress/bedding industry. We
represented less than 8%, maybe 10% of all sales, and we were
somewhat isolated and even called “alternative” sleep. We were ‘true
believers’. We knew we had something better, but we were small, off
the main thorough-fare and away from the larger sleep industry.
Today ‘specialty sleep’ is the cutting edge leader in improved sleep
technology. There are no more walls between the top branded sleep
manufacturers and the innovative entrepreneur who brings out the
newest gel, air, magnetic or all-natural sleep surface. Science,
advanced technology, a true commitment to better sleep performance
and the ‘green’ or eco movements, as well as just plain old good
business have brought about a revolution in sleep. As the newly
elected President of the Specialty Sleep Association, I am both
thrilled and honored to be a cheerleader and an advocate for the
newest and future sleep technologies offered by suppliers and
manufacturers to bedding retailers, so they in turn can offer them
to the American consumer.
Dale T. Read
Publisher/ Editor-in-Chief
(704) 841-8323
daler@rtppub.com