Summary
Sales of home and garden products accounted for 8.8% of overall sales in 2014. The sector is expected to witness a steady growth rate of 2% during 2014-2019. Sales are expected to reach MXN397 billion by 2019, increasing from MXN359 billion in 2014. Sustained demand for home improvement products is expected to drive the demand for the home and garden products in Mexico. Home improvement and gardening supplies retailers account for 55.9% of sales in the segment, and the channel is expected to be the dominant channel in 2019, accounting for 51.9% of sales.
Key Findings
- Home improvement is the largest segment and contributed 45.7% towards the home and garden products category group in 2014
- Specialist retailers command a major share in overall home and garden retail sales, accounting for 73% of the total sales in 2014
- Online spend in home and garden products to witness a healthy CAGR of 16.4% over the next five years, whereas the overall category is expected to grow at a CAGR of 2.0% during the same period
Synopsis
Home and Garden Products Retailing in Mexico - Market Summary and Forecasts is a detailed sector report providing a comprehensive analysis of the emerging trends, forecasts and opportunities to 2019.
What else does this report offer?
- A thorough analysis of consumer trends changing economic and population factors
- Both qualitative and quantitative insights and analysis of the shifting home and garden products retail dynamics for gardening and outdoor living, home improvement, and homewares from 2009 to 2019
- Sales of home and garden products through the following channels from 2009 to 2019: Home improvement and gardening supplies retailers; hypermarkets, supermarkets and hard-discounters; home furniture and homewares retailers; department stores; value, variety stores and general merchandise retailers; online; other specialist retailers; cash and carries and warehouse clubs; electrical and electronics specialists; other general and non-specialist direct retailers; convenience stores (including Independents) and gas stations
- An overview of key home and garden products retailers operating across Mexico and their presence across distribution channels
Reasons To Buy
- Gain a comprehensive knowledge on home and garden products sector in Mexican retail market and develop a competitive advantage from the start of your supply chain
- Investigate current and forecast behaviour trends in home and garden products category to identify the best opportunities to exploit
- Analyze the recommended actions to align your marketing strategies with the crucial trends influencing the consumer behavior
- Understand the fastest growing categories including gardening and outdoor living; home improvement and homewares, with insights on performance across key channels from 2009, with forecasts until 2019
- 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 and garden products market
- Analysis of key international and domestic players operating in the home and garden products market - including store counts and revenues that give you a competitive edge - identify opportunities to improve your market share
Table Of Contents
1 Introduction
1.1 What is this Report About?
2 Executive Summary and Outlook
3 Market Context
3.1 A steadily growing economy with opportunities for retailers
3.1.1 A modest recovery in the economy, indicates a gradual improvement in retail spending
3.1.2 Declining savings rate shows a revival in retail consumption
3.1.3 Service remains the dominant sector for employment
3.1.4 Improving labor market set to drive retail spending
3.1.5 A stable and low inflation level may influence retail sales growth
3.1.6 Household consumption expenditure is set to grow with a rise in middle -income households
3.2 Swelling workforce and social upliftment in the economy will favor retail market
4 Mexican Shoppers
4.1 Demand for healthy food on a rise with increasing concerns over obesity
4.2 Luxury market continues to perform well with low tariffs and improving credit facilities
4.3 Working women and middle income households driving retail sales
4.4 Cash on delivery is the most preferred payment option among consumers
4.5 Increasing inbound tourists offering growth opportunities in retail sector
5 Doing Business in Mexico
5.1 Summary
5.1.1 Bureaucracy
5.1.2 Business culture
5.1.3 Geography
5.1.4 Infrastructure and logistics
5.2 The North American Free Trade (NAFTA) Agreement:
5.3 Key taxation policies
5.4 Renewed guidelines for the labelling of processed packed foods
5.5 Products need to be NOM certified prior importing into Mexico
6 Retail - Product Sectors
6.1 Product Sector Analysis
6.1.1 Home and Garden Products
6.2 Home and Garden Products Category Overview
6.2.1 Home and Garden Products by Channel
6.2.2 Home and Garden Products by Category
6.3 Home and Garden Products Category Analysis
6.3.1 Gardening and Outdoor Living
6.3.2 Home Improvement
6.3.3 Homewares
6.4 Major Retailers
6.4.1 Home and Garden Products
7 Appendix
7.1 Definitions
7.1.1 This report provides 2014 actual sales; while forecasts are provided for 2015 - 2019
7.2 Summary Methodology
7.2.1 Overview
7.2.2 The triangulated market sizing method
7.2.3 Industry surveys in the creation of retail market data
7.2.4 Quality control and standardized processes
7.3 About Conlumino
7.4 Disclaimer
List Of Tables
Table 1: Mexico Home and Garden Products Retail Sales (MXN mn), by Channel Group, 2009-2014
Table 2: Mexico Home and Garden Products Retail Sales Forecast (MXN mn), by Channel Group, 2014-2019
Table 3: Mexico Home and Garden Products Retail Sales (US$ mn), by Channel Group, 2009-2014
Table 4: Mexico Home and Garden Products Retail Sales Forecast (US$ mn), by Channel Group, 2014-2019
Table 5: Mexico Home and Garden Products Retail Segmentation (% value), by Channel Group, 2009-2019
Table 6: Mexico Home and Garden Products Retail Sales (MXN mn), by Category, 2009-2014
Table 7: Mexico Home and Garden Products Retail Sales Forecast (MXN mn), by Category 2014-2019
Table 8: Mexico Home and Garden Products Retail Sales (US$ mn), by Category, 2009-2014
Table 9: Mexico Home and Garden Products Retail Sales Forecast (US$ mn), by Channel Group, 2014-2019
Table 10: Mexico Home and Garden Products Retail Segmentation (% value), by Category, 2009-2019
Table 11: Mexico Gardening and Outdoor Living Retail Sales (MXN mn), by Channel Group, 2009-2014
Table 12: Mexico Gardening and Outdoor Living Retail Sales Forecast (MXN mn), by Channel Group, 2014-2019
Table 13: Mexico Gardening and Outdoor Living Retail Sales (US$ mn), by Channel Group, 2009-2014
Table 14: Mexico Gardening and Outdoor Living Retail Sales Forecast (US$ mn), by Channel Group, 2014-2019
Table 15: Mexico Gardening and Outdoor Living Retail Segmentation, by Channel Group, 2009-2019
Table 16: Mexico Home Improvement Retail Sales (MXN mn), by Channel Group, 2009-2014
Table 17: Mexico Home Improvement Retail Sales Forecast (MXN mn), by Channel Group, 2014-2019
Table 18: Mexico Home Improvement Retail Sales (US$ mn), by Channel Group, 2009-2014
Table 19: Mexico Home Improvement Retail Sales Forecast (US$ mn), by Channel Group, 2014-2019
Table 20: Mexico Home Improvement Retail Segmentation, by Channel Group, 2009-2019
Table 21: Mexico Homewares Retail Sales (MXN mn), by Channel Group, 2009-2014
Table 22: Mexico Homewares Retail Sales Forecast (MXN mn), by Channel Group, 2014-2019
Table 23: Mexico Homewares Retail Sales (US$ mn), by Channel Group, 2009-2014
Table 24: Mexico Homewares Retail Sales Forecast (US$ mn), by Channel Group, 2014-2019
Table 25: Mexico Homewares Retail Segmentation, by Channel Group, 2009-2019
Table 26: Key Home and Garden Products Retailers in Mexico
Table 27: Mexico Exchange Rate MXN-US$ (Annual Average), 2009-2014
Table 28: Mexico Exchange Rate MXN-US$ (Annual Average), 2015-2019
Table 29: Conlumino Retail Channel Definitions
Table 30: Conlumino Retail Category Definitions
List Of Figures
Figure 1: GDP Values (Current US$) billion, 2008-2014
Figure 2: Growth Rate of GDP (Constant US$), 2008-2014
Figure 3: GDP Value and Growth (MXN billion, %), 2008-2014
Figure 4: Forecasts for GDP Value and Growth (MXN billion, %), 2014-2019
Figure 5: Personal Savings (%), 2004-2014
Figure 6: Share of Employment by Sector (%), 2004 and 2014
Figure 7: Unemployment Rate (%), 2005-2014
Figure 8: Inflation Growth Rates (%), 2004-2014
Figure 9: Household Consumption Expenditure of Mexico (MXN Billion), 2004 and 2014
Figure 10: Household Consumption Expenditure of Major Countries (US$ Billion), 2014
Figure 11: Growth of Household Consumption Expenditure (%), 2004-2014
Figure 12: Total Population and Growth Rate (Millions, %), 2004-2019
Figure 13: Population Split by Gender (%), 2014 and 2019E
Figure 14: Population Split by Age Group (%), 2014 and 2019E
Figure 15: Per Capita Spend on Retail (MXN), 2006 and 2014
Figure 16: Per Capita Spend (MXN) on Retail by Age Group (%), 2006 and 2014
Figure 17: Rural and Urban Populations (% of total population) 2004, 2014 and 2019E
Figure 18: Favorable Demographic Structure of Mexico
Figure 19: Online Payment Methods in Mexico
Figure 20: Number of international arrivals to Mexico (Thousands), 2009 and 2014
Figure 21: Major Cities with High Spend on Retail
Figure 22: Doing Business in Mexico
Figure 23: Share of Home and Garden Products in overall Retail 2014 and 2019
Figure 24: Retail Sales Value and Growth (MXN billion, %) of Home and Garden Products 2014-2019
Figure 25: Spend-per-Head on Home and Garden Products 2014 and 2019
Figure 26: Online Spend in Home and Garden Products 2014-2019
Figure 27: Online Share of total Home and Garden Products Spend 2014 and 2019
Figure 28: Spending per Channel in Home and Garden Products (%) 2014 and 2019
Figure 29: Mexico Home and Garden Products Retail Sales and Forecast (MXN mn), by Channel Group, 2009-2019
Figure 30: Mexico Home and Garden Products Retail Market Dynamics, by Channel Group, 2009-2019
Figure 31: Mexico Home and Garden Products Retail Sales and Forecast, by Channel Group, 2009-2019
Figure 32: Mexico Home and Garden Products Retail Market Dynamics, by Category 2009-2019
Figure 33: Mexico Gardening and Outdoor Living Retail Sales and Forecast (MXN mn), by Channel Group, 2009-2019
Figure 34: Mexico Home Improvement Retail Sales and Forecast (MXN mn), by Channel Group, 2009-2019
Figure 35: Mexico Homewares Retail Sales and Forecast (MXN mn), by Channel Group, 2009-2019
Figure 36: The Triangulated Market Sizing Methodology
