PROSPECTS AND OPPORTUNITIES
Gradual growth expected as the economy recovers, but credit constraints may limit expansion
Home products specialists is expected to maintain steady but moderate growth over the forecast period. As Peru’s economy continues to recover, consumer willingness to invest in home improvements and furnishings is likely to increase.
Pet shops and superstores to continue outperforming other segments with ongoing store expansion and competitive pricing
Pet shops and superstores are expected to sustain strong growth, outperforming other segments within the Home Products Specialists category. The pet care market in Peru continues to expand, driven by increasing consumer interest in providing high-quality products and services for their pets.
International brands expected to increase presence in homeware and home furnishing channel
The homeware and home furnishing channel has attracted growing interest from international brands, a trend that is expected to continue in the coming years. Zara Home, for instance, demonstrated strong commercial and marketing performance in 2024, despite not opening new stores.
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Overview:
Understand the latest market trends and future growth opportunities for the Home Products Specialists industry in Peru 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 Peru, 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 Peru 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 Peru?
- Which are the leading retailers in Home Products Specialists in Peru?
- 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 Peru - Category analysis
KEY DATA FINDINGS
Home products specialists experience slow growth due to economic downturn, while pet shops and superstores show strong performance
Tiendas del Mejoramiento del Hogar SA strengthens leadership in home improvement through brand unification
Casaideas maintains leadership in homeware and home furnishing stores through stable pricing and enhanced customer engagement
Gradual growth expected as the economy recovers, but credit constraints may limit expansion
Pet shops and superstores to continue outperforming other segments with ongoing store expansion and competitive pricing
International brands expected to increase presence in homeware and home furnishing channel
Retail in Peru - Industry Overview
Retail in 2024: The big picture
New store openings drive growth across multiple categories
E-commerce remains a key focus for retailers
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Christmas
Mother´s Day
Father´s Day
Children´s Day
National Holidays of Peru
Back to school
Valentine´s 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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