The anticipated resumption of construction projects in the short to medium term should restore a key driver of home renovation in Mexico, as consumers move into new homes. As new home building picks up and the housing market rebounds, in addition to a general desire to remodel or renovate homes, or at least rooms within the home, consumers are likely to be more willing to invest in home improvement projects, especially as the economy improves.
The new design and durability trend seen in the pre-pandemic period is likely to resurface as the economic conditions in Mexico improve. Consumers are set to increase their demand for durable but aesthetically-pleasing, functional and sustainable designs and products.
Lockdown, social distancing and long hours in the home increased the willingness of Mexican consumers to paint the insides of their home and carry out maintenance tasks themselves during the COVID-19 crisis. In this way, decorative paint benefited from the pandemic as people used their extended free time to paint walls and other home surfaces.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Understand the latest market trends and future growth opportunities for the Home Improvement 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 Home Improvement 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.
Home Improvement
Includes: products purchased by consumers through retail channels.Excludes: commercial sales to professional builders / tradesmen / contractors etc. Home improvement refers to bathroom and sanitaryware, decorating sundries, floor covering, hand tools, hardware, home paint, kitchen sinks, power tools, wall covering and other home improvement.
See All of Our DefinitionsThis report originates from Passport, our Home Improvement research and analysis database.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!