Compressed mattresses have revolutionized the U.S. bedding industry and created tremendous opportunities for us.
- Consumers have accepted online mattress purchases and boxed beds.
- Mattresses can now be purchased at many big-box retailers and easily carried home by consumers.
- Large mattress retailers are adding their own private-label mattresses.
L&P Bedding Value Chain
How will technology changes in the automotive industry affect Leggett & Platt over the next decade?
We are closely aligned with long-term changes in the market. Those changes include the development of new technologies and applications such as hybrid and electric vehicles, shared and autonomous vehicles, and connectivity between vehicles and electronic devices. We are investing in the capabilities needed for continued success in the changing market and to ensure this business remains a leading source of growth and value creation for years to come.
The unique competitive advantages in our Automotive business provide market leadership, drive growth, and create a foundation for continued success.
Our advantages are rooted in deep industry knowledge and customer engagement. Leggett is known in the market as the leader in technology for seating comfort, and we are extending that into other comfort and convenience applications.
Demand for comfort and convenience continues to grow. The vehicle interior offers the greatest opportunity for passenger individualization. Automotive manufacturers will continue to add powered features throughout the vehicle in response to consumer preferences.
We are bringing technology to market that addresses the most value-creating opportunities and challenges. Our intellectual property portfolio is extensive. We have a global footprint with the ability to engineer, manufacture, and deliver components around the world, where our customers assemble vehicles.