Report forecast the department store market in
Mexico to grow at a CAGR of 12.74% during the period 2016-2020.
The Mexican organized retail sector includes three
different retail formats: department stores, specialized stores, and
supermarkets. A wide range of products are sold in department stores, and these
products broadly fall under one of these categories: apparel, footwear, and
accessories; consumer electronics and electricals; home furniture and
furnishings; and other products. The other products include beauty and personal
care products; books, gifts, and stationery products; home care products;
music, video, and entertainment software; and sports and leisure equipment.
The sheer consumption potential of Mexico has
resulted in the country gaining the interest of retailers worldwide. Within the
organized retail space, department stores in particular have received the
attention of global heavyweights such as Wal-Mart and the home grown Liverpool
and Grupo Carso.
The report covers the present scenario and the
growth prospects of the department store market in Mexico for 2016-2020. To
calculate the market size, the report considers the revenue generated from the
retail sales of products to individual customers in Mexico.
On the basis of retail format, the organized retail
sector in Mexico is segmented into:
- Department stores
- Specialized stores
- Supermarkets
According to the report, a key growth driver is the
growth of the middle-income class in Mexico. The middle-income class is
considered the primary mass target audience for the retail industry. A large
portion of organized retail revenue comes from this population segment, due
mostly to its large size. This group has also grown faster than the
higher-income class in the country. The C and C-/D+ middle-income classes in
Mexico grew from 48% of the total population in 2000 to 52.6% of the total
population in 2011. The higher-income class (A/B and C+) grew from 19% of the
total population in 2000 to 21% of the total population in 2011.
Further, the report states that one challenge that
could hamper market growth is competition from supermarkets such as Walmex.
Department Store Market in Mexico 2016-2020,
has been prepared based on an in-depth market analysis with inputs from
industry experts. The report covers the market landscape and its growth
prospects over the coming years. The report also includes a discussion of the
key vendors operating in this market.
key players in the department store market in
Mexico: Coppel, Grupo Elektra, Grupo Palacio de Hierro, Grupo Sanborns,
Liverpool (El Puerto de Liverpool), and Suburbia.
Other Prominent Vendors in the market are: American
Eagle Outfitters, Best Buy, Costco de México, Forever 21, Grupo Famsa, H&M,
and Zara.
Market driver
- Growth of middle-income class
- For a full, detailed list, view our report
Market challenge
- Competition from supermarkets
- For a full, detailed list, view our report
Market trend
- Growth in e-commerce
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 73 pages and 70 Exhibit “Department
Store Market in Mexico 2016 - 2020” report covers Executive summary, Scope of the
report, Market research methodology, Introduction, Market landscape, Country
profile: Mexico, Market segmentation by product category, Geographical
segmentation, Market drivers, Impact of drivers, Market challenges, Impact of
drivers and challenges, Market trends, Vendor landscape.
For
more information Visit at: http://mrr.cm/Jdb
Find all Retailing Reports at: http://www.marketresearchreports.com/retailing
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