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Mexico Home Décor Market Size, Share, Trends, Analysis: By Type: Home Textile, Floor Covering, Furniture, Lighting, Others; By Price: Premium, Mass; By Distribution Channel: Supermarkets and Hypermarkets, Speciality Stores, Online, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Mexico Home Décor Market Outlook
The Mexico home décor market size reached USD 9.33 billion in 2023. The market is projected to grow at a CAGR of 4.3% between 2024 and 2032, reaching almost USD 13.63 billion by 2032.
Key Takeaways:
- By product, lighting is expected to constitute a major portion of the Mexico home décor market share.
- Premium home décor products are expected to gain increasing popularity over the forecast period.
- Online distribution channels are expected to dominate the market.
The integration of IoT in home décor items, including furniture and lighting is expected to accelerate the Mexico home décor market growth. This is because of the increased convenience and flexibility provided by them, apart from lowered electricity bills.
The rise of multifunctional spaces within homes is also expected to propel the market as homeowners turn towards space zoning and blending to accommodate various activities like cooking and dining, among others. Rapid urbanisation has accelerated the demand for these spaces, thereby driving the market expansion.
Quiet luxury is one of the emerging Mexico home décor trends. It emphasises the use of light colours (cremes and whites, with navy blue constituting the darker shades) and soft and silky materials for designing housing interiors. Coupled with the use of sustainable furniture (made of bamboo or recycled materials) and soft lighting, this theme imparts a greater sense of luxury and sophistication to a house.
The usage of high-quality materials elevates the sense of comfort experienced inside the house while minimalism ensures that the house is clutter-free and relaxing. With increasing economic growth in Mexico and rising disposable income, the home décor market in Mexico is expected to expand rapidly in the forecast period.
Market Segmentation
Mexico Home Décor Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- Home Textile
- Bed Textiles
- Kitchen and Dining Textiles
- Living Room Textiles
- Others
- Floor Covering
- Ceramics and Tiles
- Wood and Laminated
- Vinyl Flooring
- Carpets and Rugs
- Others
- Furniture
- Living Room
- Dining Room
- Kitchen
- Bedroom
- Others
- Lighting
- Lamps and Shades
- Light Bulbs
- Chandeliers
- Others
- Others
Market Breakup by Price
- Premium
- Mass
Market Breakup by Distribution Channel
- Supermarkets and Hypermarkets
- Speciality Stores
- Online
- Others
Market Breakup by Region
- Baja California
- Northern Mexico
- The Bajío
- Central Mexico
- Pacific Coast
- Yucatan Peninsula
The key Mexico home décor market players are Inter IKEA Systems B.V., Mohawk Industries, Inc., Ashley Furniture Industries, LLC, Koninklijke Philips N.V., Herman Miller, Inc., Acuity Brands, Inc., Rock & Stone Decorativos S. de R.L. de C.V., Shaw Industries Group, Inc., Industrial Mueblera San Agustín, SA de CV, and Calinor S.A. de C.V., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Price |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Latin America Home Decor Market Overview
8.1 Key Industry Highlights
8.2 Latin America Home Decor Historical Market (2018-2023)
8.3 Latin America Home Decor Market Forecast (2024-2032)
8.4 Latin America Home Decor Market Share by Country
8.4.1 Brazil
8.4.2 Argentina
8.4.3 Mexico
8.4.4 Others
9 Mexico Home Decor Market Overview
9.1 Key Industry Highlights
9.2 Mexico Home Decor Historical Market (2018-2023)
9.3 Mexico Home Decor Market Forecast (2024-2032)
10 Mexico Home Decor Market by Type
10.1 Home Textile
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.1.3 Breakup by Type
10.1.3.1 Bed Textiles
10.1.3.2 Kitchen and Dining Textiles
10.1.3.3 Living Room Textiles
10.1.3.4 Others
10.2 Floor Covering
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.2.3 Breakup by Type
10.2.3.1 Ceramics and Tiles
10.2.3.2 Wood and Laminated
10.2.3.3 Vinyl Flooring
10.2.3.4 Carpets and Rugs
10.2.3.5 Others
10.3 Furniture
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.3.3 Breakup by Type
10.3.3.1 Living Room
10.3.3.2 Dining Room
10.3.3.3 Kitchen
10.3.3.4 Bedroom
10.3.3.5 Others
10.4 Lighting
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.4.3 Breakup by Type
10.4.3.1 Lamps and Shades
10.4.3.2 Light Bulbs
10.4.3.3 Chandeliers
10.4.3.4 Others
10.5 Others
11 Mexico Home Decor Market by Price
11.1 Premium
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Mass
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 Mexico Home Decor Market by Distribution Channel
12.1 Supermarkets and Hypermarkets
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Speciality Stores
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Online
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Mexico Home Decor Market by Region
13.1 Baja California
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Northern Mexico
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 The Bajío
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Central Mexico
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Pacific Coast
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
13.6 Yucatan Peninsula
13.6.1 Historical Trend (2018-2023)
13.6.2 Forecast Trend (2024-2032)
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Inter IKEA Systems B.V.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Mohawk Industries, Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Ashley Furniture Industries, LLC
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Koninklijke Philips N.V.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Herman Miller, Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Acuity Brands, Inc.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Rock & Stone Decorativos S. de R.L. de C.V.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Shaw Industries Group, Inc.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Industrial Mueblera San Agustín, SA de CV
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Calinor S.A. de C.V.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Home Decor Market: Key Industry Highlights, 2018 and 2032
2. Mexico Home Decor Market: Key Industry Highlights, 2018 and 2032
3. Mexico Home Decor Historical Market: Breakup by Type (USD Billion), 2018-2023
4. Mexico Home Decor Market Forecast: Breakup by Type (USD Billion), 2024-2032
5. Mexico Home Decor Historical Market: Breakup by Price (USD Billion), 2018-2023
6. Mexico Home Decor Market Forecast: Breakup by Price (USD Billion), 2024-2032
7. Mexico Home Decor Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
8. Mexico Home Decor Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
9. Mexico Home Decor Historical Market: Breakup by Region (USD Billion), 2018-2023
10. Mexico Home Decor Market Forecast: Breakup by Region (USD Billion), 2024-2032
11. Mexico Home Decor Market Structure
Key Questions Answered in the Report
The market was valued at nearly USD 9.33 billion in 2023.
The market is projected to grow at a CAGR of 4.3% between 2024 and 2032.
The market is assessed to witness a healthy growth in the forecast period to reach around USD 13.63 billion in 2032.
The different distribution channels in the market include supermarkets and hypermarkets, speciality stores, and online, among others.
The different price ranges of home décor include mass and premium.
The different types of home décor considered in the market report are home textile, floor covering, furniture, and lighting, among others.
The major regions in the market include Baja California, Northern Mexico, The Bajío, Central Mexico, Pacific Coast, and Yucatan Peninsula.
The key market players are Inter IKEA Systems B.V., Mohawk Industries, Inc., Ashley Furniture Industries, LLC, Koninklijke Philips N.V., Herman Miller, Inc., Acuity Brands, Inc., Rock & Stone Decorativos S. de R.L. de C.V., Shaw Industries Group, Inc., Industrial Mueblera San Agustín, SA de CV, and Calinor S.A. de C.V., among others.
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