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Home and Garden in Mexico

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Description

Overall, home and garden posted a marginal increase in retail current value sales over 2020, although the industry witnessed a mixed performance in terms of categories. Gardening and homewares benefited significantly from the Coronavirus (COVID-19) pandemic and the subsequent measures to stem the spread of the virus in Mexico. Both categories posted faster retail current value sales growth in 2020, compared with 2019. Lockdown and home seclusion, smart/remote working and distance learning, as we...

Euromonitor International's Home and Garden in Mexico report offers a comprehensive guide to the size and shape of market demand at a national level. It provides the latest retail sales data (historic date range), allowing you to identify the categories driving growth. It also identifies the leading companies and their brands, and offers strategic analysis of key factors influencing demand - from new product developments, consumer lifestyles, route to market and pricing issues. Forecasts to 2025 illustrate how market demand is expected to evolve in the medium-term

Product coverage: Home Improvement and Gardening, Homewares and Home Furnishings.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

Get a detailed picture of the Home and Garden market; Pinpoint growth sectors and identify factors driving change; Understand the competitive environment, the market's major players and leading brands; Use five-year forecasts to assess how the market is predicted to develop.
Table of Contents
Product Code: HOMEMX

TABLE OF CONTENTS

List Of Contents And Tables

EXECUTIVE SUMMARY

COVID-19 impact on home and garden

COVID-19 country impact

Company response

Retailing shift

What next for home and garden?

MARKET DATA

Table 1 Sales of Home and Garden by Category: Value 2015-2020 Table 2 Sales of Home and Garden by Category: % Value Growth 2015-2020 Table 3 NBO Company Shares of Home and Garden: % Value 2016-2020 Table 4 LBN Brand Shares of Home and Garden: % Value 2017-2020 Table 5 Penetration of Private Label in Home and Garden by Category: % Value 2015-2020 Table 6 Distribution of Home and Garden by Format: % Value 2015-2020 Table 7 Distribution of Home and Garden by Format and Category: % Value 2020 Table 8 Forecast Sales of Home and Garden by Category: Value 2020-2025 Table 9 Forecast Sales of Home and Garden by Category: % Value Growth 2020-2025

GLOBAL MACROECONOMIC ENVIRONMENT

GLOBAL INDUSTRY ENVIRONMENT

DISCLAIMER

SOURCES

Summary 1 Research Sources

GARDENING IN MEXICO

KEY DATA FINDINGS

2020 IMPACT

Coronavirus (COVID-19) boosts the appeal of gardening as a food producing option and leisure pursuit

Economic concerns and home seclusion see shift from do-it-for-me to do-it-yourself

Internationals leverage strong quality/performance perception to lead gardening equipment, while local brands perform well in horticulture

RECOVERY AND OPPORTUNITIES

Slowdown anticipated in 2021 due to accelerated growth in 2020 and consumer return to work, social and leisure norms

Retailers invest in social media and in-store displays and exhibitions to stimulate interest in gardens and gardening

Home Depot's successful use of e-commerce set to pave the way for further development and growth in the channel

CATEGORY DATA

Table 10 Sales of Gardening by Category: Value 2015-2020 Table 11 Sales of Gardening by Category: % Value Growth 2015-2020 Table 12 NBO Company Shares of Gardening: % Value 2016-2020 Table 13 LBN Brand Shares of Gardening: % Value 2017-2020 Table 14 Distribution of Gardening by Format: % Value 2015-2020 Table 15 Forecast Sales of Gardening by Category: Value 2020-2025 Table 16 Forecast Sales of Gardening by Category: % Value Growth 2020-2025

HOME FURNISHINGS IN MEXICO

KEY DATA FINDINGS

2020 IMPACT

Consumers focus on smaller, more affordable items, immediate need and organisational products

Home office furniture sees strong value sales growth as consumers purchase products to facilitate home working and studying

Merging of interior and external living spaces boosts sales of outdoor furniture and barbecues for social, relaxation and meal purposes

RECOVERY AND OPPORTUNITIES

Slow return to normalcy set to continue to grow demand for products that fit with home working, relaxation and socialising needs

Resumption of home building to offer well trammelled path to purchases of home furnishings

Players expected to intensify their investment in social media and e-commerce for communication and sales opportunities

CATEGORY DATA

Table 17 Sales of Home Furnishings by Category: Value 2015-2020 Table 18 Sales of Home Furnishings by Category: % Value Growth 2015-2020 Table 19 NBO Company Shares of Home Furnishings: % Value 2016-2020 Table 20 LBN Brand Shares of Home Furnishings: % Value 2017-2020 Table 21 LBN Brand Shares of Light Sources: % Value 2017-2020 Table 22 Distribution of Home Furnishings by Format: % Value 2015-2020 Table 23 Forecast Sales of Home Furnishings by Category: Value 2020-2025 Table 24 Forecast Sales of Home Furnishings by Category: % Value Growth 2020-2025

HOME IMPROVEMENT IN MEXICO

KEY DATA FINDINGS

2020 IMPACT

Home seclusion affords consumers the time to decorate and carry out repairs and renovations in the home

Consumers use decorative paint, wall covering and floor covering to change the look or feel of a room or part of the home

Manufacturers and specialist retailers invest in promotions to remain visible and gain value shares

RECOVERY AND OPPORTUNITIES

Home-centred lifestyles and pick up in the housing market expected to underpin positive growth performance

Investments in online advertising, promotions and sales platforms set to see further development and growth of e-commerce

Pre-COVID-19 trends set to resurface as consumers seek durable, functional, aesthetically-pleasing and sustainable products

CATEGORY DATA

Table 25 Sales of Home Improvement by Category: Value 2015-2020 Table 26 Sales of Home Improvement by Category: % Value Growth 2015-2020 Table 27 NBO Company Shares of Home Improvement: % Value 2016-2020 Table 28 LBN Brand Shares of Home Improvement: % Value 2017-2020 Table 29 Distribution of Home Improvement by Format: % Value 2015-2020 Table 30 Forecast Sales of Home Improvement by Category: Value 2020-2025 Table 31 Forecast Sales of Home Improvement by Category: % Value Growth 2020-2025

HOMEWARES IN MEXICO

KEY DATA FINDINGS

2020 IMPACT

Coronavirus (COVID-19) lockdown spurs sales as time-rich consumers turn to home cooking and baking

More cooking increases pressure on kitchen space and the need for food storage products

Home cooking/baking trend increases usage and desire for new cookware

RECOVERY AND OPPORTUNITIES

Good, but slower value growth anticipated as Mexico returns to normalcy and many households are well stocked with homewares

New brands expected as players respond to growing at-home and on-the-go demand for kitchenware

COVID-19 experience set to enhance already underway move towards more sustainable products

CATEGORY DATA

Table 32 Sales of Homewares by Category: Value 2015-2020 Table 33 Sales of Homewares by Category: % Value Growth 2015-2020 Table 34 Sales of Homewares by Material: % Value 2015-2020 Table 35 NBO Company Shares of Homewares: % Value 2016-2020 Table 36 LBN Brand Shares of Homewares: % Value 2017-2020 Table 37 Distribution of Homewares by Format: % Value 2015-2020 Table 38 Forecast Sales of Homewares by Category: Value 2020-2025 Table 39 Forecast Sales of Homewares by Category: % Value Growth 2020-2025