PROSPECTS AND OPPORTUNITIES
Kitchen and dining textiles to see steady growth driven by domestic demand and textile industry expansion
Value sales of home furnishings are projected to grow at a modest pace in current terms in Mexico over the forecast period, though decline is expected at constant 2024 prices. Factors affecting demand positively involve a confluence of economic, social, and technological developments.
Younger, urban consumers to drive demand for affordable, versatile home furnishings in Mexico
Mexico’s home furnishings market is expected to be increasingly driven by younger, urban consumers who prioritise affordability, versatility, and compact design. As economic pressures such as high inflation and tighter credit conditions persist, demand is likely to shift further away from premium offerings and toward modular, self-assembly, and multi-functional furniture suited to smaller homes and tighter budgets.
Smart furniture and tech-enhanced products shaping the future of home furnishings in Mexico
From 2024 to 2029, innovation in Mexico’s home furnishings category is expected to focus increasingly on smart furniture and tech-enhanced home products. As remote work remains part of daily life for many, and as consumers seek more value from limited living spaces, demand is likely to grow for multi-functional items such as desks with built-in power solutions, lighting with app or voice control, and modular furniture adaptable to different uses.
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Overview:
Understand the latest market trends and future growth opportunities for the Home Furnishings industry in Mexico with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Home Furnishings industry in Mexico, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Home Furnishings in Mexico report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Home Furnishings in Mexico?
- Which are the leading brands in Home Furnishings in Mexico?
- How are products distributed in Home Furnishings in Mexico?
- How is the rise of e-commerce changing the retail and competitive landscape?
- Have home seclusion and social distancing measures following COVID-19 benefited sales of Home Furnishings?
- Has the economic fall-out of COVID-19 negatively or positively impacted consumer interest and demand for Home Furnishings?
- Where is future growth expected to be most dynamic?
Home Furnishings in Mexico - Category analysis
KEY DATA FINDINGS
Sofas and beds drive growth in home furnishings as consumers prioritise comfort and multi-functionality
El Puerto de Liverpool's success in home furnishings boosted by digital growth and expanded physical presence
Homewares and home furnishing stores the largest channel, while e-commerce grows fast
Kitchen and dining textiles to see steady growth driven by domestic demand and textile industry expansion
Younger, urban consumers to drive demand for affordable, versatile home furnishings in Mexico
Smart furniture and tech-enhanced products shaping the future of home furnishings in Mexico
Home and Garden in Mexico - Industry Overview
Home and garden in 2024: The big picture
2024 key trends
Competitive landscape
Retail developments
What next for home and garden?
DISCLAIMER
The following categories and subcategories are included:
Home Furnishings
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- Bath Textiles
- Bed Textiles
- Kitchen and Dining Textiles
- Living Room Textiles
- Rugs
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- Beds
- Chests of Drawers
- Mattresses
- Wardrobes
- Dining Furniture
- Home Office Furniture
- Kitchen Furniture
- Living Room Furniture
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- Sofa Beds
- Other Sofas
- Other Sitting Furniture
- Storage Furniture
- Other Indoor Furniture
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- Blinds
- Curtains
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- Charcoal Barbecues
- Electric Barbecues
- Gas Barbecues
- Outdoor Furniture
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- Lighting Fixtures
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- Incandescent Lamps
- Halogen Lamps
- Linear Fluorescent Lamps (LFL)
- Compact Fluorescent Lamps (CFL)
- Light-Emitting Diode Lamps (LED)
Home Furnishings
The furniture and other moveable articles in a home that are necessary or useful for comfort and convenience. Items must be new when sold to the consumer; second-hand/used home furnishings are excluded. Antiques are also excluded. Home furnishings refers to indoor living (home textiles, indoor furniture and window coverings), outdoor living (BBQ's, garden sheds and outdoor furniture) and lighting (lighting sources and light fixtures).
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Home Furnishings research and analysis database.
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