Home Retailing in Mexico, Market Shares, Summary and Forecasts to 2021
Home Retailing in Mexico, Market Shares, Summary and Forecasts to 2021, provides data for historic and forecast retail sales, and also includes information on the business environment and country risk related to Mexico retail environment. In addition, it analyzes the key consumer trends influencing Mexico Home industry.
Growth in the home sectors is being driven by the strong housing market and consumer confidence. Home is set to grow at a CAGR of 3.5% during 2016-2021 to reach Mex$578.9 billion. Online is expected to grow at faster growth rate and will account for 4.9% of all spending in the sector by 2021. Specialist retailers will continue to hold the major share of the sales through 2021 but will cede some share to department stores that are expanding their offerings in the home category to attract customers and thereby boost sales. The top 10 retailers in the sector accounted for a share of 25.6% in 2016, led by Home Depot with a share of 6.9% in 2016.
What else does this report offer?
- In-depth analysis of the latest trends in consumer shopping, covering the factors driving shopping, consumer insights, market dynamics
- The report also details major retailers in Home category group with their product proposition analysis and market positioning in 2016 along with recent key developments
- Market insights based on consumer trends, changing economic and demographic factors, technology innovations, and other macroeconomic factors
- Retail sales and the fastest-growing product categories in Home sector
- Qualitative and quantitative insights of changing retail dynamics in Home sector
Reasons to buy
- Domestic consumption is the key driver for retail growth
- Mexico will continue to be an attractive destination for retailers
- Home sector to register steady growth to 2021
- Specialist retailers dominate while leading department stores are gaining share
- Gain a comprehensive knowledge on home sector in the Mexico retail market and develop a competitive advantage from the start of your supply chain
- Investigate current and forecast behavior trends in home category to identify the best opportunities to exploit
- Analysis of key international and domestic players operating in the home market
- Explore novel opportunities that will allow you to align your product offerings and strategies to meet demand by analyzing the vital economic and population trends, key consumer and technology trends influencing the home market
- Key Findings
- The State of the Nation
- The State of Retail