South America Mattress Market: Industry Analysis and Forecast (2024-2030) Trends, Statistics, Dynamics, Segmentation by Product, Application, Size, and Region

South America Mattress Market Definition:

South America Mattress Market is expected to increase through the forecast period as there is an increase in awareness among consumers to purchase healthy products which are expected to support the market through the forecast period. Moreover, a rise in the hospitality sector and infrastructural developments and renovations are likely to assist the market through the forecast period.

 

Further, the Mattress Market is segmented By Product, By Application, By Size and geography. On the basis of Product, the Mattress Market is segmented under Innerspring, Memory Foam, and Latex, Others (Gel, Hybrid, Air, and Water). Based on the Application, the Mattress Market is segmented under Household, Healthcare, and Hospitality. On the basis of Size, Twin, Full, Others. By geography, the market covers the major countries in South America i.e., Brazil, Columbia, Venezuela, Chile and Rest of South America for each segment, the market sizing and forecasts have been done on the basis of value (in USD Billion).

 

 

To get more Insights: Request Free Sample Report

 

South America Mattress Market Dynamics:

The increase in urbanization and change in consumer behaviour to buy premium products are expected to fuel the market through the forecast period. The mattresses industry is slowly shifting from unbranded to branded products, the branded market acquires the majority of the market portion which includes, midsize, major, and minor smaller manufacturers. The offline industry dominates the market through the forecast period as the majority of the consumers prefer to buy in offline stores compare to the online stores.

 

The economic problems such as a rise in poverty levels, lesser growth and productivity are expected to hinder the market through the forecast period. The major companies in South America are struggling with the middle-income trap as the struggle in South America and Other major economies to fill the gap between them. These economic difficulties have an indirect impact on the Mattress market through the forecast period. Moreover, the rise in prices of the premium products due to an increase in raw material costs hinders the market through the forecast period. However, the increase in demand for smart mattresses is due to a rise in disposable incomes and an increase in purchasing power of the consumer. The shift in human behaviour to purchase premium products is expected to drive the market. The rise in the need for comfort and convenience is likely to create the demand for luxury furnishing mattresses through the forecast period.

 

Brazil acquires the largest share in the market thus, it is one of the leading countries in South America in the mattress market, it is expected to show low impact in the forecast period. Brazil acquires more than 41% of the market. Columbia which comes in the second position expected to grow at the fastest rate through the forecast period. The demand for the box model mattresses increasing due to their lower costs and excellent quality in the brazil country. According to reports, 80 % of Brazilians have problems at bedtime which is expected to fuel the demand for the market. Unorganized players are expected to hamper the market through the forecast period. On the other hand, the increase in hotel chains which require high-quality mattresses is expected to increase the demand for the market. The majority of consumers are buying mattresses online, which provides a wide range of varieties for the consumers. the increase in inline channels and key companies are introducing their e-commerce websites likely to boost the demand for the South America market through the forecast period. Key companies are introducing various verities such as rattan, magnetic, and infrared to gain the attraction of the consumers.

 

South America Mattress Market Segment Analysis:

By Product, the Mattress Market is segmented under Innerspring, Memory Foam, Latex, and Others (Gel, Hybrid, Air, and Water). The innerspring segment is expected to dominate the market through the forecast period. As there is an increase in the hospitality sector which is fuelling the demand for the market through the forecast period. Moreover, a rise in the travel and tourism industry is expected to support the market through the forecast period.

 

 

 

By Application, the Mattress Market is segmented under Household, Healthcare, and Hospitality. The hospitality segment is expected to dominate the market through the forecast period as there is an increase in the use of mattresses as a health care product. Also, a rise in awareness about a healthy lifestyle is expected to increase the market. The household segment is also expected to increase significantly through the forecast period.

 

South America Mattress Market Regional Insights:

Over the next few years, South America is likely to remain a very attractive market for vehicle Mattress Market.  The growth of this market can be attributable to the Brazil' high per capita automobile ownership, as well as its high per capita income. Commercial vehicles, such as big trucks, as well as construction and agricultural machinery, are all popular in Middle East and Africa. The majority of the automobiles in this area have electro-hydraulic power steering.

 

Every new vehicle sold in Canada comes with power steering. Automobile manufacturers in the country are progressively offering vehicles with electric powertrains, as well as hybrid vehicles that combine electric and hydraulic powertrains. Canadian automakers are pioneering the development of game-changing automobile innovations.

 

South America Mattress Market Key Players Insights:

The objective of the report is to present a comprehensive analysis of the Global South America Mattress Market to the stakeholders in the industry. The report provides trends that are most dominant in the Global South America Mattress Market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the Global South America Mattress Market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.

 

The qualitative and quantitative data provided in the Global South America Mattress Market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the Global South America Mattress Market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the Global South America Mattress Market.

 

The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals exist, who they are, and how their product quality is in the Global South America Mattress Market. The report also analyses if the Global South America Mattress Market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly, if the market is dominated by a few players, etc.

 

The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Global South America Mattress Market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Global South America Mattress Market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Global South America Mattress Market is aided by legal factors.

 

South America Mattress Market Scope:

 

South America Mattress Market Scope
Market Size in 2023	USD 4.86 Bn.
Market Size in 2030	USD 7.75 Bn.
CAGR (2024-2030)	6.9%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	By Product Innerspring Memory Foam Latex Others
	By Application Household Healthcare Hospitality
	By Size Twin Full Others
Country Scope	Brazil  Argentina  Rest of South America

 

South America Mattress Market Key Players:  

• Colchão Inteligente
• Tempur Sealy International, Inc.
• Dunlopillo
• Paramount Bed Holdings Co. Ltd
• Casper Sleep, Inc.
• Colchao Inteligente
• Casper Sleep, Inc.
• Dunlopillo GmbH
• Innocor Inc.
• Kingsdown
• Novosbed Inc.
• Silent Night Group
• Simba Sleep Limited
• Tempur Sealy International