Over the forecast period, appliances and electronics specialists is projected to see only minimal growth in outlet numbers in Mexico, and exhibit only moderate current value growth, with the expectation of one of the weakest growth rates in retail. Euromonitor predicts that the urbanisation rate in Mexico will increase to 85% before 2040, which implies that global demand for household appliances will continue to increase.
The customer experience and sustainability are two factors which are expected to play an increasingly important role over the forecast period in Mexico. Added value services and positive in-store customer experiences will add a competitive edge.
After Best Buy’s exit from the channel in the review period, coupled with a reduction in the number of RadioShack stores and a stable number of ishop outlets, there are few large companies exclusively dedicated to the sale of appliances and electronics in Mexico. However, driven by the economic recovery expected in the Mexican market in the upcoming years, and advances in digital infrastructure, new investment opportunities are expected to emerge, and new players are likely to be seen.
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Understand the latest market trends and future growth opportunities for the Appliances and Electronics Specialists industry in Mexico with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Appliances and Electronics Specialists industry in Mexico, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Appliances and electronics specialists are chained or independent retail outlets with a primary focus on selling one or more of the following categories: domestic electrical appliances, consumer electronics (including mobile phones), and/or computers and peripherals. Appliances and electronics specialists value sales excludes revenues derived from telecoms service plans and top-up cards. Example brands include Apple, Best Buy, and Gome.
See All of Our DefinitionsThis report originates from Passport, our Appliances and Electronics Specialists research and analysis database.
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