Furniture and Floor Coverings Retailing in Mexico- Market Summary and Forecasts

Furniture and Floor Coverings Retailing in Mexico- Market Summary and Forecasts

Code: CON-RT0242SR | Published: Sep-2015 | Pages: 55 | Conlumino
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Sales in the furniture and floor coverings segment totaled MXN91 billion in 2014 and are expected to reach MXN115 billion by 2019, growing at a CAGR of 4.9% during 2014-2019. Renovation activity is also set to boost the growth of sales. Home furniture and homewares retailers account for the majority of sales, at 72.8% of total sales in 2014. The furniture and floor coverings market is characterized by both domestic and foreign players. International retailers are expanding their offerings and presence in the country, which is helping furniture market sales growth. International retailers are offering delivery services and also offering to shop in local currency, thereby attracting new customers.

Key Findings
- Furniture is expected to remain the largest category, growing at a CAGR of 5.1% during the forecast period.

- Improving economic condition and a steady rise in the number of households is contributing to the growth in sales of furniture and floor coverings

- Home furniture and homewares retailers account for 72.8% of the total sales of furniture and floor coverings

- Sales through online channel are gaining momentum and are expected to grow at a CAGR of 15.0% during 2014-2019.

Synopsis
"Furniture and Floor Coverings 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 furniture and floor coverings retail dynamics for floor coverings and furniture from 2009 to 2019

- Sales of furniture and floor coverings products through the following channels from 2009 to 2019: Home furniture and homewares retailers; hypermarkets, supermarkets and hard-discounters; online; department stores; value, variety stores and general merchandise retailers; home improvement and gardening supplies retailers; other general and non-specialist direct retailers; cash and carries and warehouse clubs; other specialist retailers

- An overview of key furniture and floor coverings retailers operating across Mexico and their presence across distribution channels

Reasons To Buy
- Gain a comprehensive knowledge on furniture and floor coverings sector in the Mexican retail market and develop a competitive advantage from the start of your supply chain

- Investigate current and forecast behavior trends in furniture and floor coverings 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 floor coverings and furniture, 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 furniture and floor coverings market

- Analysis of key international and domestic players operating in the furniture and floor coverings 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 Furniture and Floor Coverings
6.2 Furniture and Floor Coverings Category Overview
6.2.1 Furniture and Floor Coverings by Channel
6.2.2 Furniture and Floor Coverings by Category
6.3 Furniture and Floor Coverings Category Analysis
6.3.1 Floor Coverings
6.3.2 Furniture
6.4 Major Retailers
6.4.1 Furniture and Floor Coverings
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 Furniture and Floor Coverings Retail Sales (MXN mn), by Channel Group, 2009-2014
Table 2: Mexico Furniture and Floor Coverings Retail Sales Forecast (MXN mn), by Channel Group, 2014-2019
Table 3: Mexico Furniture and Floor Coverings Retail Sales (US$ mn), by Channel Group, 2009-2014
Table 4: Mexico Furniture and Floor Coverings Retail Sales Forecast (US$ mn), by Channel Group, 2014-2019
Table 5: Mexico Furniture and Floor Coverings Segmentation (% value), by Channel Group, 2009-2019
Table 6: Mexico Furniture and Floor Coverings Retail Sales (MXN mn), by Category, 2009-2014
Table 7: Mexico Furniture and Floor Coverings Retail Sales Forecast (MXN mn), by Category 2014-2019
Table 8: Mexico Furniture and Floor Coverings Retail Sales (US$ mn), by Category, 2009-2014
Table 9: Mexico Furniture and Floor Coverings Retail Sales Forecast (US$ mn), by Category 2014-2019
Table 10: Mexico Furniture and Floor Coverings Retail Segmentation (% value), by Category, 2009-2019
Table 11: Mexico Floor Coverings Retail Sales (MXN mn), by Channel Group, 2009-2014
Table 12: Mexico Floor Coverings Retail Sales Forecast (MXN mn), by Channel Group, 2014-2019
Table 13: Mexico Floor Coverings Retail Sales (US$ mn), by Channel Group, 2009-2014
Table 14: Mexico Floor Coverings Retail Sales Forecast (US$ mn), by Channel Group, 2014-2019
Table 15: Mexico Floor Coverings Retail Segmentation, by Channel Group, 2009-2019
Table 16: Mexico Furniture Retail Sales (MXN mn), by Channel Group, 2009-2014
Table 17: Mexico Furniture Retail Sales Forecast (MXN mn), by Channel Group, 2014-2019
Table 18: Mexico Furniture Retail Sales (US$ mn), by Channel Group, 2009-2014
Table 19: Mexico Furniture Retail Sales Forecast (US$ mn), by Channel Group, 2014-2019
Table 20: Mexico Furniture Retail Segmentation, by Channel Group, 2009-2019
Table 21: Key Furniture and Floor Coverings Retailers in Mexico
Table 22: Mexico Exchange Rate MXN-US$ (Annual Average), 2009-2014
Table 23: Mexico Exchange Rate MXN-US$ (Annual Average), 2015-2019
Table 24: Conlumino Retail Channel Definitions
Table 25: 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 Furniture and Floor Coverings in overall Retail 2014 and 2019
Figure 24: Retail Sales Value and Growth (MXN billion, %) of Furniture and Floor Coverings 2014-2019
Figure 25: Spend-per-Head on Furniture and Floor Coverings 2014 and 2019
Figure 26: Online Spend in Furniture and Floor Coverings 2014-2019
Figure 27: Online Share of total Furniture and Floor Coverings Spend 2014 and 2019
Figure 28: Spending per Channel in Furniture and Floor Coverings (%) 2014 and 2019
Figure 29: Mexico Furniture and Floor Coverings Retail Sales and Forecast (MXN mn), by Channel Group, 2009-2019
Figure 30: Mexico Furniture and Floor Coverings Retail Market Dynamics, by Channel Group, 2009-2019
Figure 31: Mexico Furniture and Floor Coverings Retail Sales and Forecast (MXN mn), by Category Group, 2009-2019
Figure 32: Mexico Furniture and Floor Coverings Retail Market Dynamics, by Category 2009-2019
Figure 33: Mexico Floor Coverings Retail Sales and Forecast (MXN mn), by Channel Group, 2009-2019
Figure 34: Mexico Furniture Retail Sales and Forecast (MXN mn), by Channel Group, 2009-2019
Figure 35: The Triangulated Market Sizing Methodology
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