PROSPECTS AND OPPORTUNITIES
More stable outlook for home improvement and gardening stores will be supported by improving property sales
Over the forecast period, value sales of home improvement and gardening stores (at constant 2024 prices) are expected to gradually stabilise, with leading players looking to improve their overall business and refocus on growth following the challenges towards the end of the review period. The reduction in Chile’s interest rate in 2024 and various initiatives by the construction sector, along with the government, to incentivise the buying of new properties, with available units at an all-time high in 30 years after years of slowing down, will likely help generate new opportunities for the channel as consumers move to new units and look to renovate spaces or products with the move.
Greater innovation and variety needed for homewares and home furnishing stores to contend with competition
Homewares and home furnishing stores is expected to post further healthy growth over the forecast period, particularly as new stores are set to open and the variety of products on offer are likely to continue expanding, including fashionable items, technology supported elements, and other innovations. The channel, however, will continue to contend with competition from various sources, as the type of products sold will also be offered by other retailers, as they see opportunities to expand their product portfolios and garner a positive response from consumers.
Pet shops and superstores will remain most dynamic performer overall
Within overall home products specialists, pet shops and superstores is expected to remain the most dynamic performer over the forecast period. Chilean consumers are among the highest spenders in the region, ranking first in terms of spend per capita on pet care.
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Overview:
Understand the latest market trends and future growth opportunities for the Home Products Specialists industry in Chile 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 Products Specialists industry in Chile, 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 Products Specialists in Chile 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 Products Specialists in Chile?
- Which are the leading retailers in Home Products Specialists in Chile?
- How is the rise of e-commerce and the expansion of modern grocery retail impacting traditional retail?
- How has the impact of COVID-19 and national lockdown impacted consumer demand?
- Which formats have benefited the most from stockpiling and enforced home seclusion?
- How will the wider economic impact of COVID-19 shape the retail landscape in the future?
- Where is future growth expected to be most dynamic?
Home Products Specialists in Chile - Category analysis
KEY DATA FINDINGS
Home improvement and gardening stores remains under pressure, with 2024 seeing mixed results
Homewares and home furnishing stores continues to thrive and leverages social media to reach consumers
Falabella SACI continues to make gains in homewares and home furnishing stores
More stable outlook for home improvement and gardening stores will be supported by improving property sales
Greater innovation and variety needed for homewares and home furnishing stores to contend with competition
Pet shops and superstores will remain most dynamic performer overall
Retail in Chile - Industry Overview
Retail in 2024: The big picture
E-commerce goes from strength to strength in Chile
Informality and insecurity still top-of-mind issues for retailers and consumers
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Christmas and New Year
Back to School
Independence Day
DISCLAIMER
The following categories and subcategories are included:
Home Products Specialists
- Home Improvement and Gardening Stores
- Homewares and Home Furnishing Stores
- Pet Shops and Superstores
Home Products Specialists
The aggregation of home improvement and gardening stores, homewares and home furnishing stores, and pet shops and superstores.
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 Products Specialists research and analysis database.
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