Mexico Home Furniture Market Analysis and Forecast 2019-2028

The Mexico home furniture market size is estimated at US$ 6.6 billion in 2022 and is expected to grow at a considerable CAGR of 7% during the forecast period of 2022-2028. Mexico is the eighth-largest supplier of wooden chairs and seats in the world and the fourth-largest exporter of ergonomic furniture. The production of home furniture has long been a significant industry in Mexico. Mexican furniture manufacturing sector has quickly attracted businesses to the nation for its low-cost yet highly skilled workers, bolstered by the inflating salaries in China starting in 2014. Wood furniture is one of Mexico’s main exports.

Mexican furniture exporters cater to a wide range of industries, including those that require kitchen furniture, home and office furniture, hotel, and casino furniture, as well as several other types of wood and metal furniture. Mexican wood furniture manufacturers in particular are renowned for their inventive design, style, and craftsmanship in production. Recycled materials are being used by more and more furniture makers since they require less processing and natural resources. Home furnishings integrated with user-friendly electrical technologies to raise the level of comfort for end-users are becoming increasingly in demand.

Additionally, there is a huge market for multi-functional home furnishings, particularly among residential buyers. The factors that are propelling the home furniture market growth are the adoption of integrated technologies (like AI, VR, etc.), an increasing number of smart furniture, awareness of eco-friendly products used in making furniture, urbanization, and a boom in the real estate sector. However, high costs of furniture and surging raw material prices may hinder the home furniture market growth.

The E-commerce distribution channel will boost sales and growth of the home furniture market due to convenience and integration of technology

Under the distribution channel segment, the e-commerce segment dominated the home furniture market with maximum sales. Due to heavy discounts, comfort, and trendy designs, consumers are more likely to purchase foldable, multipurpose, and technologically advanced furniture through e-commerce websites. The key drivers anticipated to propel the growth of e-commerce distribution channels include the proliferation of online shopping, increased smartphone adoption, and expansion of the global real estate and hospitality sectors.

The increase in the number of partnerships between home furniture producers and e-commerce sites to reach and entice more customers and establish new revenue streams would present profitable chances for the expansion of the home furniture market. Virtual and augmented reality technologies are becoming more and more appealing. Customers can quickly design their own living place with the help of virtual applications. Through the use of new and creative marketing strategies, online merchants are utilizing this trend to ensure their success.

The demand for Mexican-made home furniture keeps rising as online home goods purchases rise. The demand for home furniture both nationally and internationally is a growth engine for the industry. The demand for furniture designed to accommodate smaller areas has grown as a result of urban life in the US and the expansion of apartment living in Mexico.

Central and West Mexico is the dominating player owing to the concentration of major furniture manufacturers in that region

Mexico produces home furniture across its northern and central states, with some tasks being more heavily focused on different regions. Jalisco, Sonora, the State of Mexico, Coahuila, Nuevo León, Chihuahua, Baja California, Puebla, and Monterrey produce the majority of the nation’s home furniture. Due to proximity, major importers of Mexico home furniture are the US and Canada.

An IKEA supplier has established production facilities in Ramos Arizpe, Coahuila, as a symbol of expanding the potential for foreign investment in Mexico’s furniture manufacturing industry. Central and West Mexico is the market leader since The States of Mexico and Jalisco, where the majority of the home furniture manufacturing activities are concentrated in Mexico.

Market Structure and Competitive Landscape

The Mexico home furniture market is fragmented in nature with presence of various players operating in the market. Some of the prominent players that contribute significantly to the home furniture market include, Vila Furniture, Tema Furniture, Solutions Mexico, Crate and Barrel Holdings, Nero Lupo, Palliser Furniture, American Home Furniture and Mattress, Gaia Furniture, Jorge Kurczyn Furniture, Muebles America, Crediland, among others.

These companies use a variety of tactics to increase their market share and acquire a competitive advantage over their competitors. Mergers & acquisitions, partnerships and collaborations, expansions, and product launches are some of the strategies followed by industry players. Some of the key developments in the Mexico home furniture market include,

• In December 2021, Furniture of America will launch a bedroom made in Mexico during the winter Las Vegas Market.
• In November 2021, in order to better serve consumers in North America, LTP Furniture builds its first furniture manufacturing facility in Mexico.

Key Market Segmentation

RationalStat has segmented the Mexico home furniture market based on material, type, distribution channel, and region.

• By Material
  • Wood
  • Metal
  • Plastic
  • Bamboo
  • Steel
  • Glass
• By Application
  • Kitchen Furniture
  • Living-room and Dining-room Furniture
  • Bedroom Furniture
  • Home Office Furniture
  • Home Decor
• By Distribution Channel
  • Supermarkets & Hypermarkets
  • Specialty Stores
  • E-commerce
• By Region
  • North
    • Baja California
    • Baja California Sur
    • Chihuahua
    • Coahuila
    • Durango
    • Nuevo León
    • Sinaloa
    • Sonora
    • Tamaulipas
  • East
    • Hidalgo
    • Puebla
    • Tlaxcala
    • Veracruz
  • South
    • Campeche
    • Chiapas
    • Oaxaca
    • Tabasco
    • Yucatan
    • Quintana Roo
  • West and Central
    • Mexico City
    • Mexico State
    • Guanajuato
    • Morelos
    • San Luis Potosi
    • Zacatecas
    • Queretaro
    • Colima
    • Jalisco
    • Nayarit
    • Michoacan
    • Guerrero
    • Aguascalientes

Research Methodology

RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.

RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:

• Defining the problem by understanding the type of market and data required by the client.
• Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
• Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
• Evaluating and analyzing the data by referring to data sources utilized and leveraged.
• Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

Secondary Sources

• Annual reports, company filings, investor presentations, product catalogs, and company documents.
• Industry and market-related documents available in the public domain like IEA.
• Paid databases including Bloomberg, Factiva, S&P Capital IQ, FactSet, Refinitiv Eikon, ICIS, EUWID, and Thomson Reuters, among others
• Whitepapers, research papers, and industry blogs.

Why Buy this Report?

The report is intended for Mexican home furniture manufacturers and sellers, government organizations, market educational organizations, regulatory agencies, and market research firms, among others. The report provides an in-depth analysis of market size, consumption patterns, ongoing market trends and challenges, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights to clients to find the right answers to their business questions.