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The mattress market in Mexico is a thriving industry that has seen significant growth in recent years.
Despite the downturn in worldwide economic growth, the trajectory of the mattress manufacturing sector is robust, with positive growth through 2030.
With that in mind, let's see how, statistically, the Mexico mattress sector is set to expand over the coming years.
* Exchange rate used February 10, 2023, 1 USD=18.784 MXN
The Mexican Mattress industry's overall performance is exceptional given world economics. A more than 71% increase in revenues is forecast by 2030.
It's essential to understand what a decent CAGR (Compound Annual Growth Rate) is for many businesses. Typically, anything below an 8% CAGR is considered inadequate. For instance, businesses with a CAGR of 8% to 12% may have been in operation for 10 years or longer, which is a respectable pace of revenue growth.
Start-up enterprises may see a substantially higher growth rate with numbers as high as 100%, while smaller organizations should typically aim for a CAGR of between 10% and 20%.
Information source 360i Research
The average price for mattresses is approximately MXN1122.59, a trending decline in revenues of 8%
The United States buys mattresses from Mexico at MXN1085.17 and Canada at MXN1309.69 per unit. Canada pays approximately 5.7% more for mattresses.
While the average revenue decreased by 6%
Information source Index Box
* Exchange rate used February 10, 2023, 1 USD=18.784 MXN
The income for the industry "Mattress manufacture" in Mexico from 2012 to 2018 is shown in this data, along with a projection for 2024 with a 110% increase from 2012 to 2024. The revenue from mattress manufacturing in Mexico is anticipated to be around $0.6 billion US MXN11.23 billion by 2024.
Information source Statista
Over the last 5 years, from 2018 to 2023, mattress searches have increased by 126%.
Mattress searches on Google increased by 10.93% in 2022, with an increase of 138% from October to November for black Friday sales.
The top locations of searching for a mattress are:
Over the last 5 years, from 2018 to 2023, mattress searches have increased by 257.14%.
Colchón (Mattress) searches on Google increased by 30% in 2022, with an increase of 88.67% from October to November for black Friday sales.
The top locations of searching for a mattress are:
North Mexico represents a 66% differential in mattress sales domestically compared to southern Mexico and a 60.71% higher share than Central and East Mexico combined.
Information source Mordor Intelligence Google Trends
Colchonas Atlas is a well-established manufacturer of mattresses in Mexico.
Google searches over five years starting in February 2018 at 25% and closes February 2023 with 39%, an overall increase over the measured period of 56%.
Further analysis shows a mean average of searches at 252% from the start of the trend over the five years. This is a business with more than 50 years of experience in the Mexican mattress market and a broad selection of mattresses constructed from premium materials.
Sealy, a household brand mattress made in Mexico, starts at 33% of the measured period in February 2018 and closes at 19% in January 2023, with a decrease in searches of 48.5%. The average searches calculate at 323%.
A well-known company with a long history of producing mattresses in Mexico offers a range of options, including memory foam, innerspring, and hybrid mattresses.
Sognare started 2018 with 33% of searches closing in January 2023 with 45% of searches, a growth of 33.4% over the five-year period.
The average searches over the five years are 122% A Mexican mattress company specializing in creating mattresses at competitive prices. Foam and innerspring mattresses are among the varieties they provide.
You might have guessed it. Yes, there is. Americans like to go big with most things, and mattresses are the same.
Information source Casa Bonita
The Mexican mattress business is a booming one that is not expected to slow down anytime soon.
By the end of 2026, the market for mattresses is anticipated to be worth $3.3 billion due to their increasing demand.
As a result, both enterprises and investors should pay attention to this sector.