Latin America Mattress Market Research Report, 2027

With the region showing steady growth throughout the historic period, last year’s economic numbers of Latin America did not paint a rosy picture. The economic drawbacks have cast its indirect influence on the overall market of mattresses in the region. Most of the Latin American countries are struggling to break free from what economists refer to as the "middle-income trap." While not the entire area has risen out of poverty, neither growth nor productivity has increased enough to close the gap between Latin America and the world's most developed economies. Economic difficulties have had an indirect impact on the total mattress market in the region. As per the report titled ‘Latin America Mattress Market Research Report, 2027’ published by Actual Market Research, the region is anticipated to acquire nearly USD 3 Billion market size by the upcoming timeframe. The trend towards the demand for smart Mattresses further owes to the growth of the mattress market. The increasing disposable income of people worldwide has improved their living standards, which creates a demand for comfort and convenience. Thus, there is a demand for luxury furnishing, including mattresses. In Latin America, the mattress industry is moving from unbranded to branded market slowly. The branded market comprising large, mid-size, and smaller manufacturers constitute a great share in the market, with around 20-25 players spread across the geographies. As a larger market still wishes for a touch and feel shopping for the mattress, the offline retail market dominates the region's market in 2021. Brazil is one of the fastest-growing economies in Latin America. The global downturn in economic growth had an influence on mattress manufacturing, but it is predicted to continue to rise positively. Box type mattresses are gaining popularity in Brazil due to economic freight costs and market operations. Because the Internet keeps them informed about mattress varieties and saves them time, more consumers are purchasing mattresses through online channels. Furthermore, there is increasing demand for and manufacturing of smart mattresses that possess the capability of keeping the body straight during sleep and applying proper pressure. As such, custom mattresses are high in demand in the country. The king size mattress is the least popular among the Latin Americans, which has a dimension of 180 cm in width and 200 cm in length. This segment holds a market share of less than 5% in the year 2021. The full or double size mattresses, which are popularly known as Matrimonio in the region, dominate the market, expected to contribute to more than 40% by the end of the forecast period. Modern lifestyle has squeezed the time that is for a good night's sleep in Latin America. Because of this, many companies have come up with product innovations, including smart mattress that incorporates sensors to provide information about the quality of sleep, keep track of sleep patterns, and in some cases, actively improve the rest, as well. Covid-19 Impact: Mattress demand was heavily impacted in 2020 because of the COVID-19 pandemic. Manufacturers were harmed by quarantines and partial industrial closures. During the pandemic, this resulted in a shortage of raw materials and finished products, which substantially impacted the mattress industry's growth. Also, supply chain for these materials was also disrupted. However, change in consumer preference and higher adoption of advanced lifestyle are expected to boost the demands for effective mattresses across the Latin America region. Major companies present in the market Tempur-Pedic International Inc, Serta Inc, Derucci, Simmons Bedding Company LLC, Hilding Anders, Recticel, Spring Air Company, MLILY, Select Comfort, Ruf-Betten, Kingsdown Inc., Corsicana, Southerland Bedding Co., Sleemon, Bed Holdings Co. Ltd., Pikolin, Kurlon Enterprise Ltd., Airland, Therapedic, Mengshen, Leggett & Platt, Paramount Bed Co. Ltd., Sealy Corporation, King Koil, Ashley, Sleep Number, Southerland Inc., Lianle, Breckle, Englander Mattress, Puffy Mattress, Comfur Mattresses Considered in the report • Geography: Latin America • Historical year: 2016 • Base year: 2021 • Estimated Year: 2022 • Forecasted year: 2027 Countries covered: • Brazil • Argentina • Columbia By Mattress Type in the report: • Innerspring Mattress • Latex Mattress • Memory Foam Mattress • Others Mattress ( Air, Water, Hybrid, Etc.) By Application in the report: • Domestic • Commercial By Sales Channel in the report: • Online • Offline By Bed Size in the report: • Twin or Single • Twin XL • Full or Double • Queen • King • Others Aspects covered in the report • Market Size By Value for the historic period (2016-2021) • Market Size By Value for the forecast period (2022-2027) • Market Size By Value for Innerspring Mattress (2016-2027) • Market Size By Value for Latex Mattress (2016-2027) • Market Size By Value for Memory Foam Mattress (2016-2027) • Market Size By Value for Other types of Mattress (2016-2027) • Market Share by Application (2016, 2021 & 2027F) • Market Share by Mattress Type (2016, 2021 & 2027F) • Market Share by Mattress Size (2016, 2021 & 2027F) • Market Share by Country (2016, 2021 & 2027F) • Market Share by End User (2016, 2021 & 2027F) • Market Share by Sales Channel (2016, 2021 & 2027F) Research approach While doing the research, we combine the expertise of our analysts and the capabilities of artificial intelligence. We take into consideration the inputs by the industry experts and leaders gathered through our primary research. We do go through the available secondary data, to understand the business analysts, discover deep insights and ideas from the marketing data. Then to finalize the market, we start collecting financials of each player present in the market including limited, private limited, and LLPs. Moreover, we perform cross-industry, cross-region analysis of the product, and based on collected primary inputs and using statistical modelling we start forecasting the market. We follow our forecasting algorithm, which is unique for each product but giving more weight-age to primary inputs. At the same time, the content team starts preparing company profiles, market dynamics, market trends, five forces, and PEST analysis, etc. Once the data expert verifies the data, the team together crosscheck the segmentations, validates the market. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations, & organizations related to the industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.