PROSPECTS AND OPPORTUNITIES
Recovery will take some time in home products specialists
Home improvement and gardening stores will face a challenging environment, due to the increasing competition and unfavorable macroeconomic conditions. Consumers with lower disposable incomes will likely forgo big ticket items in the early years of the forecast period.
Balancing online and offline retail within pet shops and superstores
Pet shops and superstores are projected to record a positive performance, although growth is likely to be more subdued over the forecast period due to a strong push towards omnichannel development and a focus on e-commerce platforms. Laika announced the opening of its first store in the country at the end of 2023 and plans to reach 100 physical locations throughout the country and consolidate its physical-digital sales model.
Sustainability will be a focal point for channel players
Sustainability has been slower to emerge in home products specialists than in other retail channels. However, this trend will play a key role in the future of home improvement stores, as players are committed to improving their sustainability initiatives.
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Overview:
Understand the latest market trends and future growth opportunities for the Home Products Specialists industry in Colombia 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 Colombia, 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 Colombia 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 Colombia?
- Which are the leading retailers in Home Products Specialists in Colombia?
- 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 Colombia - Category analysis
KEY DATA FINDINGS
Consumers postpone home renovations and remodeling work
Ikea strengthens its position with new stores
Pet shops and superstores enjoy positive year
Recovery will take some time in home products specialists
Balancing online and offline retail within pet shops and superstores
Sustainability will be a focal point for channel players
Retail in Colombia - Industry Overview
Retail in 2024: The big picture
Discounters continue expansion to post strong performance
Blending online and offline shopping experiences
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Hot Sale
Back to School
Severance Savings
Valentine’s Day
Women’s Day
Holy Week
Mother’s Day
Father’s Day
Holiday
Primas Payment (extra-legal salary)
Love and Friendship Day
Halloween
Black Friday
Cyber Monday
Christmas and New Year
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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