Due to rising exchange rates and prolonged geopolitical risks in the Middle East, the domestic bed and mattress industry is experiencing a series of price increases. Companies are unable to withstand the pressure from rising raw material and global logistics costs, leading to necessary price adjustments.
According to the bed industry on June 10, Simmons has implemented an average 10% price increase across all products, including mattresses, frames, and bedding, effective June 8. This marks the first price hike by Simmons since January 2024, a span of two years and five months.
Tempur also raised prices by approximately 9% on all bed frames, excluding motion beds, starting June 1. Additionally, the Swedish brand Duxiana has increased prices by 10% on all mattress models from this month.
Industry experts suggest that the recent price adjustments are primarily driven by the increased cost pressures stemming from external economic challenges. The prolonged conflict in the Middle East has pushed the won-dollar exchange rate above 1,500 won, significantly raising the costs of imported raw materials used in bed manufacturing, such as foam and steel. Furthermore, cumulative burdens from global maritime logistics costs have exceeded what companies can absorb on their own.
The domestic bed and furniture industry has faced cost pressures since last year, prompting a wave of price adjustments. In March 2025, Zinus began raising prices on all mattress items by 5% to 30%. In June, Geumseong Bed adjusted prices on some products, followed by Ilum in August with an average increase of 6%. In December, Sealy raised its average product prices by approximately 7.7%, the first increase since January 2021. Earlier this year, in March, the premium imported bed brand Hästens also raised its prices.
However, Ace Bed has maintained a price freeze since its last increase in December 2022.
Due to the domestic economic downturn, a slowdown in the construction sector, and high exchange rates, major bed companies reported somewhat disappointing results last year. Industry leader Simmons recorded sales of 323 billion won and an operating profit of 40.5 billion won in 2025, marking declines of 2% and 23%, respectively, compared to the previous year. Ace Bed's sales also fell by 2.7% to 317.3 billion won, with operating profit decreasing by 18.3% to 54.1 billion won.
An industry representative stated, "Given the high proportion of imported raw materials used in premium bed manufacturing, it is difficult to avoid the impact of rising raw material costs and logistics expenses due to high exchange rates."
* This article has been translated by AI.
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