PROSPECTS AND OPPORTUNITIES
Nearshoring will help hardware expand in Mexico, as home products faces competitive threats from other channels
According to the National Hardware Expo in 2024, nearshoring will help to maintain growth for the hardware sector in Mexico, which currently account for around 6% of the GDP for the country. Growth here is driven by the sales of hand tools, electrical equipment, and products related to locks and keys, which are the most popular items.
Casaideas leverages resources from The Home Store
Chilean retailer Casaideas is starting to gain momentum in Mexico after taking over The Home Store in 2023. The pandemic fallout proved too much for The Home Store, which suffered losses from 2020 and became irrelevant in Grupo Gigante’s brand portfolio.
Increase in local production of pet food may increase sales for pet stores, and sustainability remains key concern
The substantial increase in locally produced pet food will help overall home products specialists to continue to rise during the forecast period, with around 90% of all dog and cat food being produced in Mexico. This development is mainly the result of the emergence of local producers like Grupo Amascota, which today boasts 28 partners that together 90% of the national wet and dry pet food market.
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Overview:
Understand the latest market trends and future growth opportunities for the Home Products Specialists 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 Products Specialists 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 Products Specialists 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 Products Specialists in Mexico?
- Which are the leading retailers in Home Products Specialists in Mexico?
- 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 Mexico - Category analysis
KEY DATA FINDINGS
Pet stores continues to rise though +Kota goes bankrupt
Home Depot grows in Mexico despite decline in global sales
Mexico’s emergence as furniture exporter fuels home furnishings, and e-commerce gains traction
Nearshoring will help hardware expand in Mexico, as home products faces competitive threats from other channels
Casaideas leverages resources from The Home Store
Increase in local production of pet food may increase sales for pet stores, and sustainability remains key concern
Retail in Mexico - Industry Overview
Retail in 2024: The big picture
Artificial intelligence spearheads innovation in Mexico’s retail landscape
Investing in omnichannel capabilities is key for success
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Christmas Season
Back to School
Hot Sale
Buen Fin
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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